Major exports slump 20.7% in March
Singapore’s non-oil domestic exports (Nodx) shrank 20.7% in March from a high base a year ago, as both electronic and…
IMF lifts growth forecast for the world economy
The International Monetary Fund (IMF) inched up its expectations for global economic growth this year, citing strength in the United…
Vietnam mounts huge US$24bil rescue for bank engulfed in fraud
Vietnam has mounted an “unprecedented” rescue of Saigon Joint Stock Commercial Bank (SCB), a lender engulfed in the nation’s biggest…
Australia’s Rinehart takes stake in Lynas Rare Earths
Australia’s richest person, Gina Rinehart, has become a substantial shareholder in Lynas Rare Earths, the largest producer of rare earths…
Kiwi inflation slows yet price pressures persist
New Zealand home-grown price pressures persisted in the first quarter even as headline inflation slowed to its weakest in almost…
Germany turns the corner, says Lagarde
European Central Bank President Christine Lagarde says the German economy may be starting to recover after being rocked by a…
Canadian businesses in uproar over capital gains tax increase
Canada’s decision to increase capital gains taxes was criticised by businesses, who warn the move will only exacerbate the country’s…
Big savings for Vietnam from eco-industrial conversion
The conversion of existing industrial zones into eco-industrial zones contributed to savings of nearly 70 billion dong (US$2.76mil) annually in…
Advanced solid-state batteries a mutual ambition of carmakers
Chinese electric vehicle (EV) makers are rapidly adopting solid-state batteries in their latest models, with industry experts anticipating full use…