BRUSSELS (Reuters) – Euro zone economic sentiment continued to deteriorate in November but less than predicted, thanks to an unexpected rise in optimism in industry, data showed on Thursday. Economic sentiment in the 19 countries sharing the euro eased to 109.5 in November from 109.7 in October, the European Commission said, continuing a trend of […]
LONDON (Reuters) – European shares joined an overnight rally on Wall Street after dovish comments from Federal Reserve Chair Jerome Powell boosted investor sentiment towards stock markets despite uncertainty over a possible escalation in the U.S./China trade dispute. The pan-European STOXX 600 benchmark was up 0.6 percent by 0940 with all major bourses and most […]
SINGAPORE – Heart failure patient Madam Tan Hui Keng, 71, needs to go to a hospitalemergency ward whenever she starts getting breathless. This happens around two times a year. Soon, a home-use device may be able to tell patients like Madam Tan very early whether their breathlessness is being brought on by potential heart failure […]
JAKARTA (THE JAKARTA POST/ASIA NEWS NETWORK) – Pressure from the business world forced the government last week to back off from its decision to open up more of the Indonesian economy to foreigners, which it had highlighted earlier as part of its latest economic reform package. How is that possible, one may rightfully ask. In […]
FUKUOKA, Japan (Reuters) – A Bank of Japan board member declined on Thursday to comment on a media report that she was involved in an alleged attempt by former Nissan chairman Carlos Ghosn to shift personal investment losses to the automaker during her time at a commercial bank. Japanese tabloid Shukan Bunshun reported on Thursday […]
SINGAPORE – A greater share of younger and older Singapore residents were employed this year, and the average full-time worker enjoyed faster income growth, with the labour market improving as economic growth picked up. The unemployment rates for resident workers, both professionals, managers, executives and technicians (PMETs), as well as for non-PMETs, also dipped slightly […]
SINGAPORE (Reuters) – The dollar extended its overnight losses on Thursday after Federal Reserve Chairman Jerome Powell said U.S. interest rates were just below neutral, taken by investors as a tip that the rate hike cycle was nearing its end. Powell’s dovish remarks took the currency markets by surprise as he noted that the policy […]
Good morning! Here are our top stories to kick-start your Thursday, Nov 29. Publicity builds up as Orchard Rd smoke-free date nears About 40 designated smoking areas have been set up as of Nov 22 at suitable locations to ensure that the main Orchard Road pedestrian thoroughfare would be free of cigarette smoke. PHOTO: ST […]
NEW YORK (Reuters) – U.S. fund investors pulled the most cash out of bonds in three weeks during the latest seven-day period, according to Investment Company Institute (ICI) data on Wednesday that revealed increased concern by retail investors. Mutual funds, heavily used by retail investors, reported a 22nd straight week of withdrawals as $17 billion […]
SINGAPORE – Corralling the votes of millennials will be a challenge for political parties as young people tend to have little loyalty for a single party, and they could switch support at the last minute, said former Malaysian Cabinet minister Khairy Jamaluddin. These were seen in election results in Malaysia in May and the recent […]