By Chen Lin SINGAPORE (Reuters) – Singapore is likely to tighten monetary policy this month, the fifth time in a row, amid persistent inflation in the Asian financial hub due to global supply chain disruptions and a tight labour market. All 16 economists polled by Reuters forecast the Monetary Authority of Singapore (MAS) to tighten…
(Reuters) – Britain recorded about 225,000 new car registrations in September, according to preliminary industry data released by the Society of Motor Manufacturers and Traders (SMMT) on Wednesday. The industry body said the year-to-date registrations were down a third on pre-pandemic 2019 levels. The SMMT will provide the final figures for the month at 0800…
WASHINGTON (AP) — The nation’s gross national debt has surpassed $31 trillion, according to a U.S. Treasury report released Tuesday that logs America’s daily finances. Edging closer to the statutory ceiling of roughly $31.4 trillion — an artificial cap Congress placed on the U.S. government’s ability to borrow — the debt numbers hit an already…
WASHINGTON (AP) — President Joe Biden is working to create a manufacturing revival — even helping to put factory jobs in Republican territory under the belief it can restore faith in U.S. democracy. The latest development came Tuesday, when chipmaker Micron announced an investment of up to $100 billion over the next 20-plus years to…
WASHINGTON (AP) — Elon Musk’s sudden about face on a $44 billion agreement to acquire Twitter, reversing an earlier attempt to rescind that offer, came as a surprise even from the mercurial billionaire who loves to shock. It sent shares of the social media platform soaring Tuesday and stoked alarm among some media watchdogs and…
Elon Musk wants Twitter again — and Twitter is game. The billionaire Tesla CEO has proposed to buy the company at the originally agreed-on price of $44 billion, bringing the tumultuous, monthslong saga another step closer to a conclusion. Musk made the surprising turnaround not on Twitter, as has been his custom, but in a…
LOS ANGELES (AP) — The founder and CEO of a software company targeted by election deniers was arrested Tuesday on suspicion of stealing data on hundreds of Los Angeles County poll workers. Konnech Corporation’s Eugene Yu, 51, was arrested in Meridian Township in Michigan and held on suspicion of theft of personal identifying information, while…
TOKYO (AP) — U.S. officials are touting bioethanol in Japan, which trails other nations on using the green fuel made from corn and other crops. The U.S. is a top grower of corn, and an embassy official said the U.S. would be “a reliable supplier” of bioethanol. “American ethanol is a powerful tool for Japan…
BANGKOK (Reuters) – Thailand’s headline consumer price index (CPI) rose 6.41% in September from a year earlier, commerce ministry data showed on Wednesday. The reading compared with a forecast for a 6.60% rise in September in a Reuters poll and followed August’s 7.86% increase. The core CPI index was up 3.12% in September from a…
By Wayne Cole SYDNEY (Reuters) -New Zealand’s central bank on Wednesday lifted interest rates to a seven-year high and promised more pain to come as it struggles to cool red-hot inflation in an over-stretched economy. The Reserve Bank of New Zealand’s (RBNZ) policy committee raised its official cash rate by 50 basis points to 3.5%,…
