SEOUL (REUTERS) – Starbucks Coffee Company will sell the entire 50 per cent stake it owns in its South Korean venture to local partner E-Mart and Singapore sovereign wealth fund GIC, the United States coffee chain said on Monday (July…
Read MoreUPDATE 3-Political crisis spooks Tunisia's bonds
* Dollar bond issues due 2024, 2025 fall by daily record * Outlook hinges on formation of government, IMF funding * Tunisia only democracy to emerge from Arab Spring * Cost of insuring exposure to central bank debt rises (Updates…
Read MoreS'pore is developing digital economy deals to boost connectivity resilience: Chan Chun Sing
SINGAPORE – Singapore has a unique historical opportunity to thrive in a more connected global economy by overcoming geopolitical and supply chain challenges, said Education Minister Chan Chun Sing. He said the Republic cannot rely on its geographical location, natural…
Read MoreLong-dated JGBs track lower U.S. Treasuries ahead of extended weekend
TOKYO, July 21 (Reuters) – Long-dated Japanese government bond (JGB) prices eased on Wednesday tracking U.S. peers ahead of a long weekend as Japan gears up for the Olympics, officially starting later in the week. Benchmark 10-year JGB futures fell…
Read MoreRiver North Art District plans weekend event to lure shoppers, support art park
The buzz is back in the River North Art District, businesses and artists say, and they want to turn up the volume with a three-day event this week to entice even more people to the area. DUER, a Canadian performance…
Read MoreSingapore prepares to swop its oil hub status for greener future
SINGAPORE (BLOOMBERG) – Royal Dutch Shell Plc announced late last year it would slash capacity by half at its biggest oil refinery. For Singapore, where the plant has been a mainstay of the economy for six decades, it marked a…
Read MoreSustainable investments account for more than a third of global assets
LONDON (REUTERS) – Sustainable investments total US$35.3 trillion, or more than a third of all assets in five of the world’s biggest markets, a report from the Global Sustainable Investment Alliance on Monday showed. Investors are increasingly driven by environmental,…
Read MoreSpeed bumps ahead for Singapore's economic recovery
SINGAPORE – Robust demand globally and accelerating vaccination rates at home will keep Singapore on track for a better-than-expected rebound from its worst recession. That demand, for electronics in particular, will continue to bolster Singapore’s export-dependent manufacturing sector that is…
Read MoreUS manufacturing output dips as chip shortage weighs on motor vehicles
WASHINGTON (REUTERS) – Output at US factories unexpectedly fell in June as motor vehicle production dropped amid an unrelenting global semiconductor shortage. Manufacturing output dipped 0.1 per cent last month after accelerating 0.9 per cent in May, the Federal Reserve…
Read MoreThose with young kids saw largest drop in prices last year, inflation was negligible for retirees: SingStat
SINGAPORE – Almost every household group saw prices fall last year and those with young children enjoyed the largest decline. However, retiree households – those comprising only non-employed people aged 65 and above – saw inflation rise marginally by 0.1…
Read More