BEIJING (REUTERS) – China’s energy crisis deepened on Friday (Oct 15) as cold weather swept into much of the country and power plants scrambled to stock up on coal, sending […]
Read moreRPT-UPDATE 1-Short UK bond yields rocket as investors ramp up rate hike bets
(Repeats to additional subscribers) * Natural gas price spikes raise fears of inflation * German-UK bond yield spreads widest since 2016 LONDON, Oct 11 (Reuters) – British government bond yields […]
Read moreRecovery hampered as inflation hits new highs in U.S., Europe
WASHINGTON — Inflation has reached new highs in the United States and Europe as rising energy prices and supply bottlenecks restrain an economic recovery from the pandemic in both economies. […]
Read more'Tension' between jobs, inflation the chief challenge facing US central bank: Fed chief
WASHINGTON (REUTERS) – Resolving “tension” between high inflation and still-elevated unemployment is the most urgent issue facing the Federal Reserve right now, its chairman Jerome Powell said on Wednesday (Sept […]
Read moreVietnam posts record GDP slump as Covid-19 curbs punish economy
HANOI (BLOOMBERG) – Vietnam’s economy shrank by the most on record as the country’s tough anti-virus policies impacted almost every corner of its economy, disrupting supply chains, shuttering factories and […]
Read moreUS debt default date is estimate Congress wants, Yellen can't give
WASHINGTON (BLOOMBERG) – As the US federal debt limit brings a disastrous government default ever closer, Congress will turn to the Treasury Department for the one thing it cannot deliver: […]
Read moreMore than 1 in 3 employers expect to hire more in Q4 but 37% plan to cut hiring: Survey
SINGAPORE – More than one in three employers – 35 per cent – surveyed in July expect to hire more in the October to December period – mostly those in the […]
Read moreAir travel to outside Asia to recover faster than within region
SINGAPORE (BLOOMBERG) – International air travel beyond Asia is expected to recover sooner than between countries within the region, given the different Covid-19 vaccination rates and continued strict border measures […]
Read moreResearch institute to support needs of digital financial services in Asia opens at NUS
SINGAPORE – A research institute to develop capabilities to support the needs of digital financial services in Asia will play a part in nurturing a pipeline of talent in financial […]
Read moreFlush with cash, Europe's buyout firms join US dealmaking boom
LONDON (BLOOMBERG) – Europe’s private equity firms are snapping up US companies at the fastest pace since the financial crisis and taking on more staff on the ground as they […]
Read more