Bank Indonesia holds rates as economy flashes recovery signs


MANILA (BLOOMBERG) – Indonesia’s central bank left its benchmark interest rate unchanged at a record low as the economy begins to show signs of recovery from the country’s worst coronavirus wave. Bank Indonesia held the seven-day reverse repurchase rate at 3.5 per cent on Tuesday […]

Gold prices subdued as firm dollar dims safe-haven appeal


BENGALURU (REUTERS) – Gold prices were subdued on Monday as the United States dollar held firm, while cautious investors awaited readings on US consumer prices due this week that could be crucial to Federal Reserve’s decision on when to exit its super-supportive policy. Spot gold […]

Ten-year JGB yield hits one-month high as U.S. yields climb


TOKYO, Aug 11 (Reuters) – Japanese government bond yields tracked U.S. Treasury yields higher on Wednesday, with that of the benchmark 10-year JGB jumping to a one-month high. The 10-year yield advanced as much as 1.5 basis points to 0.035%, a level not seen since […]

25 tech start-ups raise $216m with support from EDBI, Seeds Capital


SINGAPORE – A total of 25 promising technology start-ups have benefited from fund-raising support from the Economic Development Board (EDB) and Enterprise Singapore’s (ESG) venture arms. EDB’s EDBI and ESG’s Seeds Capital have jointly facilitated and supported some $216 million in fund raising to date through […]

UK inflation's jump tests BOE's relaxed view on stimulus exit


(BLOOMBERG) – UK inflation unexpectedly accelerated to the highest level in three years in June, driven by widespread price increases that challenge the Bank of England’s argument that the surge will be temporary. Consumer prices climbed 2.5 per cent from a year earlier, exceeding all […]

New Zealand economy back to pre-pandemic levels


WELLINGTON (AFP) – New Zealand’s economy posted better-than-expected growth of 1.6 percent in the first quarter of 2021, official data showed Thursday, with analysts saying activity was back at pre-coronavirus levels. The expansion in January-March this year exceeded forecasts of a 0.5 per cent rise […]