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Global Forex Market
THE US dollar depreciated by 0.49% to 97.60 due to resurgent coronavirus infections in the US, and the prospect of improving growth abroad, souring investors’ appeal on the dollar.
Singapore: 23 local virus cases and 183 in total as Share Market is up 1.38%
SINGAPORE July 6 (The Straits Times/ANN): There are 183 new coronavirus patients confirmed as of Monday noon (July 6), taking Singapore's total to 44,983. They include 23 community cases, comprising three Singaporeans or permanent residents,
Foreign funds reduce pace of selldown
KUALA LUMPUR: Foreign funds remained as net sellers for the 20th week running although at a slower pace, according to MIDF Research.
The Week Ahead - All eyes on Bank Negara
Bank Negara’s Monetary Policy Committee (MPC) is scheduled to meet for a fourth time this year tomorrow to review the overnight policy rate (OPR).
China: Services see best growth in a decade
BEIJING, July 4 (China Daily/ANN): China's services sector saw the strongest expansion in a decade last month as the resumption of business activity accelerates and the country's economy continues to recover, a private survey showed on Saturday.
Indonesia unveils signs of pickup in business
JAKARTA, July 4 (Xinhua): The Indonesian central bank, Bank Indonesia, on Friday (July 3) unveiled some early signals of a pickup in business activities, playing down the wariness of possible recession this year.
Industrial affected by supply chain disruption
INDUSTRIAL property transactions were down year-on-year in both value and volume in the first quarter of 2020, as sentiment weakened amid significant supply chain disruption caused by the Covid-19 pandemic.
India's services activity stayed in deep contraction in June
BENGALURU: India's crippled services industry, the lifeblood of economic growth and jobs, contracted sharply in June as an extended lockdown imposed to stop the spread of the coronavirus stalled business activity, a private sector survey showed.
Asian shares hit 4-month high as US, China recoveries gather pace
TOKYO/NEW YORK: Asian shares rallied to a four-month high on Friday on robust U.S. payrolls data and a brisk pickup in Chinese service sector activity but a surge in coronavirus cases in the United States kept a lid on further risk-taking.