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SINGAPORE: Singapore’s central bank unexpectedly tightened its monetary policy yesterday, delivering its first such move in three years, amid mounting cost pressures caused by supply constraints and a recovery in the global economy.
SINGAPORE: Singapore's central bank unexpectedly tightened its monetary policy on Thursday, saying the move will ensure price stability over the medium-term.
SINGAPORE: Singapore's economy will stay on its recovery path in the third quarter but the global spread of the Delta coronavirus variant has clouded the outlook and will likely prompt the central bank to stay on hold, a Reuters poll showed.
MANY central banks are starting to withdraw the emergency stimulus they introduced to fend off last year’s pandemic recession.
DETROIT: General Motors Co Chief Executive Mary Barra (pic) told investors on Wednesday that the automaker plans to double revenue by 2030, expanding profits from combustion vehicles even as it rolls out new electric vehicles and new digitally powered services to catch up with Tesla Inc.
WELLINGTON: New Zealand’s central bank raised interest rates for the first time in seven years and signaled further increases will likely be needed to tame inflation
IF you want to know why nearly 40 million leaked documents on the salting away of assets in offshore financial centers have failed to result in comprehensive change since the revelations started eight years ago, Billie Holiday provides a clue: “Them that’s got shall get; them that’s not shall lose. So the Bible said, and it still is news.”
MANILA: Philippine inflation eased in September from a near three-year peak in the previous month, giving the central bank some room to maintain its policy support to ensure a sustained recovery for the economy.