Economy

singapore artificial intelligence datarobot

Singapore Economy Shrinks 5.8% in 2020; Services, Construction Remain Worst-Hit

According to the official forecast, the economy would have contracted between 6 percent and 6.5 percent.

The Federal Reserve

US Fed Approves Extension of 4 Emergency Covid-19 Lending Facilities

The move came after Treasury Secretary Steven Mnuchin asked the Fed to end five emergency Covid-19 lending facilities.

US economy expands 1.4% in fourth quarter; corporate profits fall

US Economic Growth Outlook Dims on Pandemic Waves, Weaker Stimulus

The US economy would shrink 1 percent in Q1 next year due to worsening pandemic across the country, JP Morgan said in a...

Japan's economy contracts less than expected 1.1% in fourth quarter

Japan Posts Biggest Economic Expansion in More than 50 Years But Virus Fears Stay

Prime Minister Yoshihide Suga had called for a third extra budget last week amid fears that recovery and growth could...

Singapore’s Prime Minister Lee Hsien Loong and ASEAN foreign ministers pose for a group photo during the opening ceremony of the 51st ASEAN Foreign Ministers' Meeting in Singapore August 2, 2018.

Asia-Pacific Nations Launch World's Biggest Free Trade Bloc RCEP Sans US, Europe, India

RCEP accounts for around 30 percent of the global population, the world's gross domestic product (GDP) and global trade

US Dollar

Surge in Covid-19 Cases Could Hinder Economic Recovery, Says Fed Chief

Key Covid-19 metrics including daily case count, seven-day average daily increase and hospitalizations rise in the US.

Gita Gopinath

IMF Asks Policymakers to Give More Fiscal Stimulus to Boost Recovery

With the world in a global liquidity trap it is time for a global synchronised fiscal push to lift up prospects.

SAP

Software Giant SAP's Q3 Revenue Drops 4% Despite Cloud Business Growth

A decline of four percent year-over-year amid global response to Covid-19 was reported by Germany-based software giant...

Nancy Pelosi

Hopes of New Stimulus Deal Before November 3 Recede as Pelosi, Trump Spar

'We remain at an impasse' says Pelosi, citing serious issues, while Trump blames the House Speaker.

IBTIMES TV

US China Trade deal

BLOGS AND FEATURES

Singapore Financial District

Singapore's Unemployment Level Hits 16-Year High, Breaching Global Financial Crisis High

By R. Ghosh

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