Singapore downgrades Q2 GDP, outlook as risks grow

08/11/2022

SINGAPORE (Reuters) -Singapore’s economy expanded less than initially estimated in the second quarter and the government revised its growth projections for 2022 lower, flagging risks to the global outlook from the Ukraine war and inflation.FILE PHOTO: A ship docks at Keppel terminal in Singapore November […]

Analysis-Pelosi's Taiwan visit clouds Boeing's China reset hopes

08/03/2022

(Reuters) – Boeing Co faced added uncertainty over crucial plane deliveries to China on Wednesday as a visit to Taipei by U.S. House of Representatives Speaker Nancy Pelosi angered Beijing and risked stoking Sino-U.S. trade tensions.People walk past displays showing flight information at the arrival […]

Japan's factory output zooms as China eases COVID curbs

07/29/2022

TOKYO (Reuters) – Japan’s factories ramped up output at the fastest pace in more than nine years in June as disruptions due to China’s COVID-19 curbs eased, a welcome sign for policymakers hoping the economic outlook will improve.FILE PHOTO: A worker cycles near a factory […]

Far out: NASA space telescope’s 1st cosmic view goes deep

07/12/2022

Our view of the universe just expanded: The first image from NASA’s new space telescope unveiled Monday is brimming with galaxies and offers the deepest look of the cosmos ever captured. The first image from the $10 billion James Webb Space Telescope is the farthest […]

EU agrees rulebook for 'Wild West' crypto markets

07/01/2022

LONDON (Reuters) – The European Union on Thursday reached a provisional deal on the world’s first set of comprehensive rules to regulate what one lawmaker called the “Wild West” crypto market.FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on […]

BOJ maintains ultra-low rates, warns it is closely watching yen moves

06/17/2022

TOKYO (Reuters) -The Bank of Japan maintained ultra-low interest rates on Friday and its guidance to keep borrowing costs at “present or lower” levels, signaling its resolve to focus on supporting the economy’s tepid recovery from the COVID-19 pandemic.Banknotes of Japanese yen are seen in […]

China's producer inflation eases to 14-month low in May

06/10/2022

BEIJING (Reuters) – China’s factory-gate inflation cooled to its slowest pace in 14 months in May, official data showed on Friday, depressed by weak demand for steel, aluminium and other key industrial commodities due to tight COVID-19 curbs.FILE PHOTO: People walk along Nanjing Pedestrian Road, […]