Economy

US Manufacturing Sector Sees Robust Growth Despite Supply Chain Bottlenecks

The Purchasing Managers' Index (PMI) stood at 60.8 percent, down 0.3 percentage point from the September reading.

Nov 2, 2021

By IANS

US Debt Default Most Likely to Happen Between Mid-Dec and Mid-Feb - Think Tank

The Treasury reached its new borrowing limit of $28.9 trillion on October 22, and is again financing the government through "extraordinary measures".

Oct 30, 2021

By IANS

US Economy Posts 2.0% Growth in Q3 Amid Pandemic and Supply Crunch

Treasury Secretary Janet Yellen says that on a 12-month basis, inflation will remain high into next year because of recent events.

Oct 29, 2021

By IANS

Coronavirus

IMF Projects China Economy to Grow 8% in 2021, India 9.5%; ASEAN are Laggards

The ASEAN-5 countries — Indonesia, Malaysia, the Philippines, Singapore, Thailand — are still facing "severe challenges" from a resurgent virus and weakness in contact-intensive sectors.

Oct 20, 2021

By IANS

China's Economy Posts Slowest Pace of Growth in a Year as Power Crunch and Property Crisis Worsen

Global worries about a possible spillover of credit risk from China's property sector have intensified as China Evergrande Group wrestles with more than $300 billion of debt.

Oct 18, 2021

By Reuters

Biden Signs Bill Raising US Debt Limit, Averting Default

Without the increase in the debt ceiling, the U.S. Treasury had estimated it would run out of money to pay the nation's bills on Oct. 18.

Oct 15, 2021

By Reuters

Singapore assets under management growth declines year-on-year

Singapore GDP Grows at Slower Pace of 6.5% in Q3; MAS Tightens Singdollar Policy

This was a slowdown from the 15.2 percent year-on-year growth in the previous quarter.

Oct 14, 2021

By Nirmeeti Patole

Stock rotation to continue as Fed seen open to 2016 hike

Treasury Secretary Yellen Says She's Confident Congress will Pass Global Minimum Tax

The actions to bring the US into compliance with the global minimum tax would likely be included in the reconciliation budget bill.

Oct 11, 2021

By Reuters

fed-chief-says-delta-variant-can-pose-risks-to-us-economy

US House Approves Bill to Suspend Debt limit, Avoid Government Shutdown

The move comes as Washington grapples with the twin deadlines of funding the government and raising the debt limit.

Sep 22, 2021

By Reuters

House Democrats Working on Sweeping Taxation Plan; Corporate Rate to Hit 26.5%

President Joe Biden had proposed raising the current rate to 28 percent.

Sep 13, 2021

By IBTimes APAC Desk

Economic Costs of Racial Disparities in the US is a Whopping $51 Trillion - Research

The paper maps out what GDP would have been if gaps in the labor market didn't exist.

Sep 9, 2021

By Reuters

IMF Gives Liquidity Boost to Global Economy With $650 Billion SDR Distribution

IMF's largest-ever distribution of monetary reserves will give additional liquidity for the global economy and supplement member countries' foreign exchange reserves.

Aug 23, 2021

By Reuters

Coronavirus

Senate Set to Vote on $1 Trillion Bipartisan Infrastructure Bill

Passing any major legislation is difficult given the 50-50 split between Democrats and Republicans in the Senate.

Aug 10, 2021

By Reuters

Coronavirus

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

US Labor Market Powers Ahead with Strong Job Gains, Lower Unemployment Rate

Nonfarm payrolls increased by 943,000 jobs last month, the largest gain since August 2020, the survey of establishments showed.

Aug 7, 2021

By Reuters

Coronavirus

New $1,000 Stimulus Check for Americans: Find Out Who's Eligible to Get Additional Payment

States and school districts across the US are sending teachers one-time "thank you" bonuses using stimulus funds.

Jul 25, 2021

By Nirmeeti Patole

Coronavirus

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BLOGS AND FEATURES

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

By IBTimes SG Desk

Previous 1 of Next

Economy

US Manufacturing Sector Sees Robust Growth Despite Supply Chain Bottlenecks

US Debt Default Most Likely to Happen Between Mid-Dec and Mid-Feb - Think Tank

US Economy Posts 2.0% Growth in Q3 Amid Pandemic and Supply Crunch

IMF Projects China Economy to Grow 8% in 2021, India 9.5%; ASEAN are Laggards

China's Economy Posts Slowest Pace of Growth in a Year as Power Crunch and Property Crisis Worsen

Biden Signs Bill Raising US Debt Limit, Averting Default

Singapore GDP Grows at Slower Pace of 6.5% in Q3; MAS Tightens Singdollar Policy

Treasury Secretary Yellen Says She's Confident Congress will Pass Global Minimum Tax

US House Approves Bill to Suspend Debt limit, Avoid Government Shutdown

House Democrats Working on Sweeping Taxation Plan; Corporate Rate to Hit 26.5%

Economic Costs of Racial Disparities in the US is a Whopping $51 Trillion - Research

IMF Gives Liquidity Boost to Global Economy With $650 Billion SDR Distribution

Senate Set to Vote on $1 Trillion Bipartisan Infrastructure Bill

US Labor Market Powers Ahead with Strong Job Gains, Lower Unemployment Rate

New $1,000 Stimulus Check for Americans: Find Out Who's Eligible to Get Additional Payment

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

US Senate's proposed stopgap funding measure unlikely to advance in House: Speaker

ECB Estimates Eurozone Inflation to be Above 3% next Year; Another Rate Hike on the Cards

ECB Estimates Eurozone Inflation to be Above 3% next Year; Another Rate Hike on the Cards

Economists Cut Ailing Chinese Economy's Growth Rate This year to 5% From 5.5%

Economists Cut Ailing Chinese Economy's Growth Rate This year to 5% From 5.5%