World economy
Major trading nations feel the heat of China-US trade spat
16 Aug 2019
The sluggish global trade hit Singapore’s gross domestic product the most as the city-state is more dependent on international trade than domestic economy
US Fed cuts policy rate by 25 bps to 2-2.25%
01 Aug 2019
While the rate cut was widely expected by markets, comments by Fed Chairman Jeremy Powell that the rate cut was only a “mid-cycle adjustment to policy”, only helped to boost the value of the dollar
Britain ramps up preparations for no-deal Brexit
29 Jul 2019
The problem with Brexit is that neither Ireland, nor the EU wants Britain to crash out of a customs union and leave a hard border between EU-member Ireland and the British province of Northern Ireland
Boris Johnson to take over as British PM
24 Jul 2019
The Guardian described Boris Johnson as "someone who could easily be rejected as a `Guess Who’ character for looking too ridiculous to lead the country... a man whose DNA profile is the exact same as a Bernard Manning joke... "the clown is crowned as the country burns in hell”
IMF backs Trump’s claim of `overvalued’ dollar, amidst trade tensions
18 Jul 2019
The IMF’s External Sector Report said the euro's real effective exchange rate was 8 per cent to 18 per cent too low for Germany's fundamentals while China's yuan showed wide divergences from an 11.5 per cent undervaluation to an 8.5 per cent overvaluation due to uncertainties over Beijing's policy outlook
Chinese companies to build 100-km Tallinn-Helsinki train tunnel
12 Jul 2019
The $16.8 billion project, once completed, would help cut down travel time between the two capitals to 20 minutes from the 3-hour ferry ride at present and give a big boost to China’s Belt and Road initiative
Indonesia to build 7-km bridge linking islands near Singapore
11 Jul 2019
President Joko Widodo’s plan is to market Batam, an island closer to Singapore’s Changi airport and the only free trade zone in Indonesia, to investors looking to relocate factories out of China amid a raging trade war between Beijing and Washington
US House passes bill to lift 7% country cap on Green Card
11 Jul 2019
Indian professionals, being larger in numbers, have a waiting period is more than 10 years and this may go up to 70 years for those on the H1-B visa, as per some recent studies
Ghana to host African Continental Free Trade Association
08 Jul 2019
Leaders at the African Union summit in Niger announced the launch of the 55-nation trade bloc that would bring together 1.3 billion people and create a $3.4 trillion economic powerhouse
Trump lifts ban on Huawei sales, but keeps it in negative list
01 Jul 2019
Addressing a press conference on the sidelines of the G20 summit in Osaka, Japan, US President Donald Trump said the lifting the ban on Huawei would be part of a larger trade deal with China
PM stresses states’ role in India’s march towards $5 trillon economy
17 Jun 2019
He said a thrust on export promotion at the state level will provide a boost to both income and employment
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