News
IMF to cut global growth forecast due to Middle East war
14+ hour, 22+ min ago (605+ words) IMF managing director Kristalina Georgieva highlighted the "asymmetric" effects of the crisis, hitting low-income energy importers much harder than others. Published'Apr 10, 2026, 08: 03 AM Updated'Apr 10, 2026, 04: 51 PM Washington " The International Monetary Fund (IMF) will lower global growth forecasts due to the Middle East…...
China exits factory deflation as oil shock boosts prices
10+ hour, 54+ min ago (371+ words) China's factory prices climbed above zero faster than expected, likely ending a record streak of economy-wide deflation. Published'Apr 10, 2026, 11: 31 AM BEIJING - China exited factory deflation after more than three years, as energy costs surged when the war in Iran disrupted swaths…...
The new case for more, not less, trade
1+ day, 3+ hour ago (809+ words) There are good reasons to believe it is likely to follow the rewiring of global finance earlier this century. Published'Apr 09, 2026, 06: 30 PM Updated'Apr 09, 2026, 06: 35 PM The recent ministerial meeting of the World Trade Organization ended in ignominy with no agreement reached on…...
Wall Street ends sharply higher on US-Iran ceasefire
1+ day, 17+ hour ago (723+ words) Traders working on the floor of the New York Stock Exchange during morning trading on April 8, in New York City. Published'Apr 09, 2026, 04: 51 AM NEW YORK - US stocks closed sharply higher on April 8 after a last-minute, two-week ceasefire agreement between the United…...
Electricity bills rising: Why, despite fuel reserves?
2+ day, 4+ hour ago (369+ words) In Your Opinion Podcast" Singapore's national fuel reserves are enough to tide us over the next few months, but consider the trickle-down effects of the Iran war that would necessitate price hikes. ST GRAPHICS: NATASHA LIEW Published"Apr 08, 2026, 06: 00 PM Updated…...
Large families with young children to receive $1, 000 in Life SG credits on April 28
4+ day, 6+ hour ago (309+ words) Published'Apr 06, 2026, 04: 17 PM Updated'Apr 06, 2026, 07: 00 PM SINGAPORE - Eligible large families with young children will receive $1, 000 in credits for each third and subsequent Singaporean child aged one to six years old on April 28, to help defray expenses. The Large Family Life SG Credits…...
US judge upholds block on subpoenas to Fed's Jerome Powell, teeing up likely appeal
6+ day, 20+ hour ago (504+ words) US Federal Reserve chairman Jerome Powell has pledged not to leave the central bank until the criminal probe against him is over. Published'Apr 04, 2026, 02: 07 AM Updated'Apr 04, 2026, 02: 11 AM WASHINGTON - A US judge on April 3 stood by his prior decision to block subpoenas…...
OCBC to cut interest rate for savings account
1+ week, 2+ day ago (456+ words) OCBC customers can earn up to 4. 45 per cent a year on the first $100, 000 in their account, down from 5. 45 per cent now. Published'Apr 01, 2026, 10: 51 AM Updated'Apr 01, 2026, 09: 12 PM SINGAPORE - OCBC Bank is cutting the maximum interest rate for its flagship savings account in…...
Billionaires step in as Thailand battles rising living costs
1+ week, 2+ day ago (571+ words) Published'Apr 01, 2026, 04: 47 PM BANGKOK " Thailand is turning to its billionaire-led conglomerates to help contain rising living costs, underscoring both the urgency of inflation pressures and the outsized role of big business in the country's economy. Major retailers " including those controlled by…...
Indonesia fuel rations amid Middle East war
1+ week, 3+ day ago (500+ words) Unlike some of its neighbours, Indonesia has not seen the long fuel queues that have formed as global oil prices soar. Published'Mar 31, 2026, 09: 35 PM Updated'Mar 31, 2026, 09: 42 PM JAKARTA " Indonesia announced on March 31 fuel rations and mandated work from home for civil servants,…...