Consumer inflation has crossed 9% in metro Denver in March, the biggest annual jump in prices the region has experienced in 40 years, according to an update Tuesday from the U.S. Bureau of Labor Statistics. The Consumer Price Index for All Urban Consumers for the Denver-Aurora-Lakewood area rose 2% between January and March, pushing the […]

Stocks edged lower in morning trading on Wall Street Friday, weighed down by more drops in chipmakers and other technology companies. The S&P 500 fell 0.4% as of 10:20 a.m. Eastern. The benchmark index is in the red for the week following three straight weekly gains. The Dow Jones Industrial Average rose 23 points, or […]

MANILA (BLOOMBERG) – The Asian Development Bank (ADB) cut economic growth forecasts for developing Asia, as the emergence of the Omicron variant and rising coronavirus infections globally show the pandemic is far from over. The region’s gross domestic product will expand 7 per cent this year, down a notch from the 7.1 per cent forecast […]

CHICAGO (NYTIMES) – For years, environmentalists in the United States have sought compromises with labour unions in industries reliant on fossil fuels, aware that one of the biggest obstacles to cutting carbon emissions is opposition from the unions’ members. States like Washington, New York and Illinois have enacted renewable energy laws that were backed by […]

BEIJING (REUTERS) – China’s factory-gate inflation slowed in November, driven by a government crackdown on runaway commodity prices and an easing power crunch, amid Beijing’s efforts to bolster the faltering economy, data out on Thursday (Dec 9) showed. The increase in the producer price index was slower than a 13.5 per cent gain in October […]

SINGAPORE – Singapore is the most expensive Asian city to live in, with supply chain disruptions and rising fuel costs driving inflation to its highest level in years, noted a report on Wednesday (Dec 1). The new report from the Economist Intelligence Unit (EIU) puts Singapore up two places in its index to joint second […]

WASHINGTON (AFP) – Just as it was recovering from the body blow of the Covid-19 pandemic, the global economy has taken yet another hit from the Omicron variant of the virus, which has led to a raft of new travel restrictions. First reported to the World Health Organisation in South Africa less than a week […]

SINGAPORE – Singapore’s factory output returned to expansion in October as biomedical production rebounded and all manufacturing clusters posted growth that was partly boosted by a low-base effect. Manufacturing output rose 16.9 per cent last month from a year ago, after a revised 2.2 per cent decline in September, according to data released by the […]

SINGAPORE – The rapid and persistent rise in prices may become the most pressing challenge next year for policymakers in Singapore and elsewhere, analysts said. If unabated, persistently high levels of inflation can hurt consumers by hitting their purchasing power. It can also cut margins for businesses by depriving them of their pricing power. Please […]

SINGAPORE – Fixed asset investment (FAI) commitments in Singapore rose to $3.7 billion in the July to September period this year, according to the Ministry of Trade and Industry’s Economic Survey released on Wednesday (Nov 24). The commitments, garnered by the Economic Development Board, are up from $3.6 billion in the previous quarter and $2.07 […]