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SEOUL (REUTERS) – South Korea’s economy grew at a faster-than-expected pace in the fourth quarter as it ended the coronavirus-stricken year solidly poised for a recovery in 2021 thanks to surging exports. Gross domestic product (GDP) grew a seasonally adjusted 1.1 per cent in the December quarter from the third quarter, the Bank of Korea said on Tuesday (Jan 26), […]
Read moreBENGALURU (REUTERS) – Janet Yellen, President-elect Joe Biden’s pick to take over the US Treasury, is expected to affirm the United States’ commitment to market-determined foreign exchange rates when she testifies on Capitol Hill on Tuesday, the Wall Street Journal reported on Sunday (Jan 17). The Treasury secretary nominee will make clear at a Senate confirmation hearing that the United […]
Read moreSINGAPORE – More than 20,000 businesses took up some $17.4 billion in loans through schemes overseen by Enterprise Singapore (ESG) from March to December 2020 – more than 13 times the credit extended under ESG-supported loans for the whole of 2019. The schemes, which include the Temporary Bridging Loan Programme, were introduced or enhanced to tackle challenges posed by the […]
Read moreColorado business leaders are hopeful about the roll out of COVID-19 vaccines, but like immunity, it is going to take a few weeks for their optimism to build, according to the quarterly Leeds Business Confidence Index, produced by the Leeds Business Research Division at the University of Colorado Boulder. The index, which looks at expectations for the state and local […]
Read moreHONG KONG (AFP) – Optimism about the economic outlook in 2021 helped Asian investors kick off the new year on Monday (Jan 4) on a positive note, as hopes surrounding the rollout of coronavirus vaccines offset a frightening surge in infections. With uncertainty over Brexit and a new US stimulus gone, sights are now on the economic recovery from the […]
Read moreSINGAPORE (REUTERS) – Singapore’s economic contraction is expected to have moderated in the fourth quarter, as the city-state lifted more coronavirus-related curbs due to a drop in local infections. Gross domestic product (GDP) is seen falling 4.5 per cent from the same period a year earlier, according to the median forecast of economists in a Reuters poll, marking the fourth […]
Read more* Asian stock markets: tmsnrt.rs/2zpUAr4 * U.S. stimulus boosts risk appetite * Japan stocks scale 29-year peak * Oil futures recover on hope for higher demand TOKYO/NEW YORK, Dec 29 (Reuters) – Asian shares rose on Tuesday, with Japanese stocks hitting a 30-year high, as investor risk was encouraged by a Brexit trade deal and hopes a long-awaited U.S. pandemic […]
Read moreDec 10 (Reuters) – Asian markets looked set to slide Thursday as investors tracked negotiations with significant economic implications in the U.S. and Europe. Australian S&P/ASX 200 futures were down 0.28% in early trading, while Japan’s Nikkei 225 futures were down 0.06%. Hong Kong’s Hang Seng index futures were down 1.15%. On Wall Street, markets took a bit of a […]
Read moreSINGAPORE (THE BUSINESS TIMES) – Six budding enterprises were recognised for their business innovation, resilience and excellence at the Emerging Enterprise Award 2020 on Wednesday (Dec 9). Fruits Vending, a vending machine manufacturer and operator, biotech start-up ImmunoScape and SkyLab Networks, a data logistics firm, were honoured for showing an enterprising mindset and displaying potential for significant and sustainable growth. […]
Read moreBEIJING (BLOOMBERG) – China’s exports jumped in November by the most since February 2018 on the back of a recovery in global demand, while growth in imports held up. Exports rose 21.1 per cent in dollar terms in November from a year earlier, while imports gained 4.5 per cent, the customs administration said on Monday (Dec 7). That left a […]
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