WASHINGTON (BLOOMBERG) – The United States Federal Reserve is warning that prices of risky assets keep rising, making them more susceptible to perilous plunges if the economy takes a turn for the worse, and cited stablecoins as an emerging threat. “Asset prices remain vulnerable to significant declines should investor risk sentiment deteriorate, progress on containing the virus disappoint, or the […]
Read moreSINGAPORE – The manufacturing sector has continued to expand even though cost pressures are intensifying for local companies, in particular, those in the electronics sector. Overall, the manufacturing sector has now recorded 16 months of consecutive growth, according to data from the Singapore Institute of Purchasing and Materials Management (SIPMM) that was released on Tuesday (Nov 2). The October reading […]
Read more* Kishida mum on size of package, bond issuance * Opposition winner shows public distrust over excessive spending * Defeat of executive Amari could affect economic security policy TOKYO, Nov 1 (Reuters) – The ruling party’s solid victory in Japan’s parliamentary election on Sunday will likely take pressure off Prime Minister Fumio Kishida to inflate the size of a pandemic-relief […]
Read more(Updates throughout, adds quote, chart) LONDON, Oct 27 (Reuters) – U.S. two-year Treasury yields rose further on Wednesday, hitting new 19-month highs and flattening the yield curve, as the possible timing of the Fed’s first interest rate rise came into tighter focus. In the run-up to the Federal Reserve’s policy meeting next week, market focus has moved beyond pricing in […]
Read moreSINGAPORE – Two Joint Development Agreements (JDAs) were signed on Monday (Oct 25) by Singaporean companies for import of solar energy from Indonesia. One of the agreements was inked by Sembcorp Industries with Batam’s utility company PT PLN Batam and Indonesian renewable energy developer PT Trisurya Mitra Bersama (Suryagen). Sembcorp said in a statement the companies will develop a large-scale […]
Read moreSEOUL (BLOOMBERG) – South Korea’s early trade report showed exports continued to post strong gains in October, weathering headwinds from global supply chain snags and China’s slowdown. Shipments grew 36.1 per cent in the first 20 days of the month from a year earlier, data from the Customs office showed on Thursday (Oct 21). Daily average exports rose 25.7 per […]
Read moreBEIJING (BLOOMBERG) – China’s energy crisis is likely to mean higher electricity prices, forcing the nation’s army of metals smelters to reduce output and threatening the industrial activity that has underpinned the nation’s recovery from the pandemic. In a bid to boost power generation, the government will allow electricity prices to rise by as much as 20 per cent, double […]
Read moreBEIJING (BLOOMBERG) –China’s energy crisis is shaping up as the latest shock to global supply chains as factories in the world’s biggest exporter are forced to conserve energy by curbing production. The disruption comes as producers and shippers race to meet demand for everything from clothing to toys for the year-end holiday shopping season, grappling with supply lines that have […]
Read moreSHANGHAI (BLOOMBERG) – If nothing else, Chinese President Xi Jinping is known for his pursuit of order. So how far the Chinese President’s attack on the “disorderly expansion of capital” will go has emerged as a defining question for investors trying to navigate the country’s wave of regulatory crackdowns. Since first appearing in a Politburo readout in December, the phrase […]
Read moreBEIJING (REUTERS) – China’s factory gate inflation hit a 13-year high in August, as commodity prices remained elevated despite Beijing’s attempts to cool them. The producer price index (PPI) rose 9.5 per cent from a year earlier in August, the National Bureau of Statistics (NBS) said on Thursday (Sept 9), faster than the 9.0 per cent increase tipped in a […]
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