The resource-rich country has been enjoying an export boom on the back of rising prices of its top commodities such as coal, palm oil, tin, steel and rubber. Exports in the first 11 months of the year reached $209.2 billion, up almost 43% on a yearly basis, with November’s shipments of $22.84 billion a record […]
Singapore’s key price gauge climbed in November by the fastest pace in nearly three years and slightly exceeded economists’ expectations, official data showed on Thursday. The core inflation rate — the central bank’s favoured price measure – rose to 1.6% in November on a year-on-year basis, the highest since January 2019. A Reuters poll of […]
British car manufacturers had their slowest November in 37 years as the sector struggled to cope with the impact of the coronavirus pandemic on global supply chains, industry data showed on Thursday. Car production fell by 28.7% compared with November 2021 to 75,756 units, despite a 53% increase in electric vehicle output, the Society of Motor […]
A newly sold home is shown on August 12, 2021 in Houston, Texas. Home prices have climbed during the pandemic as low interest rates and working from home has become more abundant. Home prices around the country continue to surge in the second quarter as strong demand continues to overwhelm the supply of homes for […]
U.S. rose in December by more than expected as Americans’ outlook for employment and the economy improved, suggesting some resilience in the recovery despite growing concerns about the omicron variant and elevated prices. The Conference Board’s index increased to 115.8 from an upwardly revised 111.9 reading in November, according to the group’s report Wednesday. Economists […]
Shoppers browse in a supermarket while wearing masks to help slow the spread of coronavirus disease (COVID-19) in north St. Louis, Missouri, U.S. April 4, 2020. REUTERS/Lawrence Bryant U.S. consumer confidence improved further in December, suggesting the economy would continue to expand in 2022 despite a resurgence in COVID-19 infections and reduced fiscal stimulus. The […]
U.S. economic growth slowed sharply in the third quarter amid a flare-up in COVID-19 infections, the government confirmed on Wednesday, but activity has since picked up, putting the economy on track to record its best performance this year since 1984. Gross domestic product increased at a 2.3% annualized rate, the Commerce Department said in its […]
The already competitive housing market is getting even more so, and that is now cutting into mortgage demand. Even a small drop in interest rates couldn’t bring more buyers in, although it did boost refinance demand slightly. As a result, total mortgage application volume last week was essentially unchanged, falling 0.6% from the previous week, […]
Pedestrians wearing protective masks, following the coronavirus disease (COVID-19) outbreak, make their way during commuting hour at a business district in Tokyo, Japan, January 7, 2021. Japan intends to raise its forecast for fiscal 2022 real gross domestic product (GDP) growth to 3.2%, the Jiji news agency reported. The projection would be an upgrade from […]
Irish consumer sentiment in December suffered its sharpest fall since January after the emergence of the highly transmissible Omicron variant forced the introduction of new restrictions, a survey showed on Wednesday. The KBC Bank Ireland consumer sentiment index declined to 74.9 in December from 83.1 in November to hit its lowest level since February. KBC […]