UPDATE 1-Euro zone bond investors navigate New Year with caution


* Euro zone yields slip, German yields hit -0.6% * Analysts say traders may be hedging any vaccine setback * December manufacturing data signals euro zone rebound * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Adds latest prices, chart, new quotes) LONDON, Jan 4 (Reuters) […]

Tech giant Sea makes big strides as it takes on digital banking


BUSINESS GO-GETTERS | Despite the economic slump this year, some Singapore firms have been able to seize opportunities and prevail against adversity, such as Sheng Siong, Sea and Ninja Van. The Straits Times looks at their business performance and the outlook ahead. Singapore-based technology giant […]

1MDB scandal casts pall over Indonesia's wealth fund ambitions


JAKARTA (BLOOMBERG) – Indonesia will need to step out of the shadows of neighbouring Malaysia’s 1MDB scandal to convince investors that its new wealth fund won’t fall prey to corruption. Nusantara Investment Authority will take lessons from other sovereign wealth funds and adopt a framework […]

UK GDP growth slows in October with resurgence in Covid-19 cases


LONDON (REUTERS) – Britain’s economic recovery almost ground to a halt in October against a backdrop of rising coronavirus cases that dealt a blow to the hospitality sector, official figures showed on Thursday (Dec 10). Gross domestic product rose 0.4 per cent on the month, […]

ADB sees shallower Asia slump amid better China, India prospects


MANILA (BLOOMBERG) – Developing Asia’s economy will contract this year by less than previously estimated as it begins recovering from the coronavirus pandemic, according to the Asian Development Bank. The region’s gross domestic product will shrink 0.4 per cent this year, an improvement from the […]