News
Philippine central bank raises policy rate by 25 basis points
11+ hour, 55+ min ago (459+ words) An aerial view shows the Ortigas business district in Pasig City, Philippines, June 10, 2022. Picture taken with a drone. REUTERS/Adrian Portugal MANILA, June 18: The Philippine central bank raised its key interest rate by 25 basis points for a second time in…...
Singapore regains top spot in competitiveness ranking; Asian economies put up strong showing
3+ hour, 27+ min ago (389+ words) Hong Kong came in second and Taiwan was fourth in IMD's World Competitiveness Rankings this year. SINGAPORE: Singapore climbed back to the top of IMD's World Competitiveness Rankings this year, after slipping to second in 2025. Released on Thursday (Jun 18), the…...
US Fed chair Warsh vows reforms as central bank signals rate hikes on horizon
18+ hour, 50+ min ago (650+ words) Inflation is still above the Fed's 2 per cent target due to higher energy prices caused by global conflicts and supply shocks. WASHINGTON: United States Federal Reserve Chair Kevin Warsh on Wednesday (Jun 17) vowed wide-ranging reforms at the central bank, as…...
Dollar firms as markets await Fed decision and Warsh debut
22+ hour, 55+ min ago (655+ words) U. S. dollar banknotes are seen in this illustration taken March 24, 2026. REUTERS/Dado Ruvic/Illustration NEW YORK, June 17: The dollar edged higher on Wednesday ahead of the conclusion of the Federal Reserve's two-day policy meeting, the first to be chaired by Kevin…...
'Unprecedented' AI buildout drove Singapore's sharpest non-oil exports surge in over two decades: Analysts
1+ day, 3+ hour ago (765+ words) Electronics exports nearly doubled in May, with analysts pointing to a concentrated surge in hyperscaler capital spending as the primary driver." SINGAPORE: The global push to build artificial intelligence infrastructure drove Singapore's non-oil domestic exports to their sharpest growth in…...
Singapore's May non-oil exports surge 38. 4% on AI-led electronics boom
1+ day, 13+ hour ago (315+ words) The rise was largely fuelled by strong demand for integrated circuits, disk media products and PCs. SINGAPORE: Singapore's non-oil domestic exports (NODX) rose by 38. 4 per cent in May from a year earlier, Enterprise Singapore (Enterprise SG) said on Wednesday (Jun…...
Japan manufacturers' sentiment rises for second month on chip-driven demand: Reuters Poll
1+ day, 14+ hour ago (383+ words) Workers walk between precision-machining machines for automotive parts inside a factory at Kyowa Industrial Co. in Takasaki, Gunma Prefecture, Japan April 11, 2025. REUTERS/Issei Kato TOKYO, June 17: Japanese manufacturers' sentiment improved for the second consecutive month in June, as persistent semiconductor…...
US Federal Reserve kicks off first meeting with Warsh as chair
1+ day, 20+ hour ago (115+ words) CNA US Federal Reserve kicks off first meeting with Warsh as chair The US Federal Reserve is expected to leave interest rates unchanged as it balances rising inflation with economic uncertainty. 'I love the inflation': Trump comment on latest price…...
Dollar slips as markets wait on Warsh's Fed debut - CNA
2+ day, 4+ hour ago (397+ words) NEW YORK, June 16: The dollar was modestly weaker against the euro on Tuesday as investors awaited the conclusion of the Federal Reserve's policy meeting the following day, the first chaired by Kevin Warsh, with markets watching for any signals that…...
Dollar drifts, no respite for yen after BOJ hikes rates as expected
2+ day, 4+ hour ago (515+ words) LONDON, June 16: The dollar held near 10-day lows on Tuesday as a preliminary deal to end the Iran war buoyed risk appetite, while the yen teetered near the closely watched 160 level after the Bank of Japan hiked interest rates, as…...