Singapore migrant workers suffer under Covid curbs

Bangladeshi migrant worker MD Sharif Uddin used to spend his days off with friends outside his cramped Singapore dormitory, but coronavirus curbs have for 18 months left him stuck inside during his spare time.
13 November 2021, 18:00 PM

Evergrande dodges default again

Cash-strapped developer China Evergrande Group once again averted a destabilising default at the last minute, with a source on Thursday saying several bondholders had received overdue coupon payments.
11 November 2021, 18:00 PM

Six carmakers agree to phase out fossil-fuel vehicles by 2040

Six major automakers on Wednesday will commit to phasing out the production of fossil-fuel vehicles around the world by 2040, as part of global efforts to cut carbon emissions, the British government said in a statement.
10 November 2021, 18:00 PM

Global stocks lower on inflation fears

European and US stock markets ended Tuesday’s trading in the red, dragged lower by continued inflation concerns and fatigue on Wall Street after a string of record-setting sessions.
10 November 2021, 18:00 PM

APEC ministers say free trade key to pandemic recovery

Pacific Rim trade and foreign ministers agreed at a virtual summit Wednesday that free trade and open economies will drive the region’s recovery from the coronavirus pandemic.
10 November 2021, 18:00 PM

China factory-gate inflation hits new high in October

China’s factory-gate inflation hit a 26-year high in October while fresh virus outbreaks and soaring food and energy prices sent consumer prices up more than forecast, official figures showed Wednesday.
10 November 2021, 18:00 PM

Cybersecurity firm McAfee to be sold for $14b

US cybersecurity firm McAfee announced on Monday it will be sold to a group of investors for more than $14 billion, just over a year after going public.
9 November 2021, 18:00 PM

Saudi Q3 GDP growth highest since 2012

Saudi Arabia’s economy grew 6.8 per cent in the third quarter from a year earlier, the fastest expansion since 2012, official data showed on Tuesday, as the world’s top oil exporter benefits from rebounding global energy demand.
9 November 2021, 18:00 PM

Rate hike could come by end of 2022: Fed official

The US economy may be ready for the Federal Reserve to raise its benchmark borrowing rate by the end of next year, the central bank’s Vice Chair Richard Clarida said Monday.
9 November 2021, 18:00 PM

Fed flags potential risk from Evergrande

Stresses in China’s real estate sector including from heavily-indebted Evergrande have the potential to impact the United States if they spread first to the Chinese financial system, the Federal Reserve said Monday.
9 November 2021, 18:00 PM

Japan economic stimulus seen topping $265b

Japan is considering an economic stimulus package worth more than 30 trillion yen ($265 billion) aimed at easing the pain from the Covid-19 pandemic, a plan that would require issuing new debt, Kyodo news reported.
8 November 2021, 18:00 PM

Dollar firms as US inflation poses next test

The dollar slipped on Monday, falling below the 15-month highs it hit after Friday’s jobs data, as investors reassessed rate hike expectations and central banks’ tolerance of inflation.
8 November 2021, 18:00 PM

Sydney Airport poised to sell for $17b

Sydney Airport announced Monday it had agreed to a US$17 billion takeover bid by an Australian investor consortium, just days after reopening to international travel.
8 November 2021, 18:00 PM

UAE to audit all gold refineries in crackdown on illicit trade

The United Arab Emirates will require all gold refineries to undergo annual audits to ensure their suppliers are responsible, it told Reuters, in an effort to combat illicit trading.
8 November 2021, 18:00 PM

Asian markets mixed as inflation plays against recovery optimism

Asian markets were mixed Monday as long-running concerns about inflation offset forecast-busting economic data out of the United States and China, while tourism-linked firms rallied on optimism about the global reopening after Pfizer said its pill to treat Covid was highly effective.
8 November 2021, 18:00 PM

China’s meat imports drop to 20- month low

China’s meat imports in October fell from a year ago to their lowest in 20 months, customs data showed on Sunday, as cheap domestic pork cut demand for overseas supplies.
8 November 2021, 18:00 PM

Oil gains after US infrastructure bill passes

Oil prices rose on Monday on the back of positive signs for global economic growth, supporting energy demand, while Saudi Arabia’s state-owned producer Aramco raised the official selling price for its crude.
8 November 2021, 18:00 PM

Tesla sold 54,391 China-made vehicles in October

US electric vehicle maker Tesla Inc sold 54,391 China-made vehicles in October, including 40,666 for export, the China Passenger Car Association (CPCA) said on Monday.
8 November 2021, 18:00 PM

Australia vows to sell coal ‘for decades’

Australia said Monday it will sell coal for “decades into the future” after spurning a pact to phase out the polluting fossil fuel to halt catastrophic climate change.
8 November 2021, 18:00 PM

Startups eye post-pandemic tele-health revolution

From mental health apps to a helmet that can shock a patient’s brain remotely, startups at this year’s Web Summit are betting on a major shift towards “tele-medicine” as the world emerges from the pandemic.
7 November 2021, 18:00 PM