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News
UK consumer confidence climbs to two-year high: GfK survey
2+ hour, 42+ min ago (317+ words) Britons have also become more optimistic about the economy BRITISH consumers are more confident than at any point since Labour took power two years ago, further evidence that the national mood has improved since Andy Burnham took over as prime…...
Bonds or equities? Pictet says 5% US 10-year Treasury yield could tip the scales
14+ hour, 9+ min ago (936+ words) Swiss private bank sees inflation settling closer to 3% than 2%, keeping bond yields structurally higher over the next decade [SINGAPORE] Investors may have to get used to inflation being volatile and sticky for years to come, with 3 per cent becoming the…...
Japan’s core inflation accelerates in July on weak yen, Iran war, bolstering case for rate hike
2+ hour, 55+ min ago (442+ words) July core CPI rises 1.8% year on year, matching forecast [TOKYO] Japan’s core consumer inflation accelerated in July from a year earlier as firms passed on rising import costs from a weak yen and the US-Israeli war on Iran, data showed…...
Singapore's AI boom is lifting GDP. Who gets carried along?
8+ hour, 25+ min ago (134+ words) Closing the productivity gap between sectors will require more than fiscal transfers SINGAPORE is doing what a small, open economy is supposed to do when the world enters an artificial intelligence investment boom: It is selling the picks and shovels....
Gold wavers as bond yields rebound, oil jump fuels US inflation worries
3+ hour, 41+ min ago (495+ words) Bessent says he is prepared to expand the efforts to buy back costlier debt GOLD wavered as bond yields rebounded, with the US Treasury’s surprise buyback plan seen as a short-term fix, while rising oil prices fuelled concern that inflation…...
Malaysia’s Genting posts Q2 net loss despite 13% rise in revenue
13+ hour, 23+ min ago (851+ words) External headwinds, rising costs and a stronger ringgit drag conglomerate into the red in Q2 [KUALA LUMPUR] Malaysia’s Genting Berhad swung into the red in the second quarter despite double-digit revenue growth, as the conglomerate grappled with rising costs and a…...
Japan Home licenses Singapore retail stores to Valu$ owner Radha Exports
20+ hour, 57+ min ago (302+ words) The three-year deal takes effect from Aug 19 [SINGAPORE] Prominent retail chain Japan Home’s stores have been taken over by sister company Radha Exports, the operator of Valu$. Japan Home’s website indicated on Thursday (Aug 20) that it has licensed the operation…...
Japan Home licenses Singapore retail stores to Valu$ owner Radha
21+ hour, 14+ min ago (302+ words) The three-year deal takes effect from Aug 19 [SINGAPORE] Prominent retail chain Japan Home’s stores have been taken over by sister company Radha Exports, the operator of Valu$. Japan Home’s website indicated on Thursday (Aug 20) that it has licensed the operation…...
Malaysia’s July exports jump 38% on year, higher than forecast
22+ hour, 39+ min ago (150+ words) The country recorded a trade surplus of RM22.5 billion (US$5.57 billion) in July [KUALA LUMPUR] Malaysia’s exports rose 38 per cent from a year earlier in July, faster than expected, government data showed on Thursday (Aug 20). July’s exports were expected to grow…...
Australia’s jobless rate hits near five-year high of 4.5% in July
23+ hour, 6+ min ago (465+ words) The underemployment rate held at a two-year high of 6.4% [SYDNEY] Australian employment unexpectedly fell in July and the jobless rate hit its highest since late 2021, data showed on Thursday (Aug 20), easing pressure on the central bank to raise interest rates....