The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.

South Korea raises interest rates as inflation heats up

SEOUL (REUTERS) – South Korea’s central bank raised its policy rate on Thursday (Nov 25), as widely expected, as concerns about rising household debt and inflation offset uncertainty around a resurgence in Covid-19 cases. The Bank of Korea’s monetary policy board lifted borrowing costs by 25 basis points to 1.00 per cent – a move expected by 29 of 30 […]

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Inflation worries dominated Fed's last meeting

WASHINGTON (NYTIMES) – Worries about inflation dominated the Federal Reserve’s November policy meeting, with some policymakers suggesting that the United States central bank should move more quickly to reduce its bond-buying programme in order to give it flexibility to raise interest rates sooner if necessary. The Fed has been buying US$120 billion (S$164 billion) in bonds each month and has […]

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Singapore draws $3.7 billion in fixed asset investment commitments in Q3

SINGAPORE – Fixed asset investment (FAI) commitments in Singapore rose to $3.7 billion in the July to September period this year, according to the Ministry of Trade and Industry’s Economic Survey released on Wednesday (Nov 24). The commitments, garnered by the Economic Development Board, are up from $3.6 billion in the previous quarter and $2.07 billion for the same period […]

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Singapore raises 2021 trade forecasts but sees growth slowing sharply next year

SINGAPORE – Singapore raised its trade forecasts for this year amid better-than-expected performance, robust global semiconductor demand and higher oil prices. But export growth is forecast to ease sharply in 2022 due to the high base this year and as the economic recovery in Singapore’s key trade partners slow. Total merchandise trade is now expected to grow between 17 per cent and 17.5 per […]

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Japan factory activity grows at fastest pace in nearly four years

TOKYO (REUTERS) – Japan’s factory activity grew at the fastest pace in nearly four years in November, as output accelerated on loosening Covid-19 restrictions, defying pressure from the biggest jump in input prices in 13 years. Activity in the services sector also accelerated, expanding at the fastest pace in more than two years as economic conditions stabilised after a sharp […]

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The State Where the Most the People Are Quitting Their Jobs

Something unique is happening in the American job market. People are quitting their jobs in record numbers. The Atlantic recently put forth the theory that people who have been paid poorly in the past have seen opportunities now. That could be. As the economy has reopened, the demand for low-paid jobs has grown rapidly. And increases in the minimum wage […]

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US retailers cheery about holiday season despite inflation

NEW YORK (AFP) – After nearly two years of pandemic gloom, American consumers appear primed to spend generously for the holidays despite worries over inflation and item availability. Retailers have seen strong buying interest this autumn, with robust back-to-school and Halloween sales fuelling optimism about the holiday season, which kicks off this week with Black Friday. “All indications are that US […]

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