SINGAPORE, Sept 25 (Reuters) – Singapore’s industrial
production shrank more than expected in August, increasing
chances of a technical recession and ot the central bank easing
monetary policy further when it meets next month.
Manufacturing output contracted 7.0 percent in August from a
year earlier, data from the Economic Development Board showed on
Friday, weaker than the median market forecast for a 5.0 percent
decline given by a Reuters survey of analysts.
SINGAPORE, Sept 23 (Reuters) – The Australian dollar tumbled
and the yen rose on Wednesday after a survey showed Chinese
factory activity fell to a 6-1/2-year low, clouding the outlook
for global growth.
The preliminary Caixin/Markit China Manufacturing Purchasing
Managers’ Index (PMI) fell to 47.0 in September, the worst since
March 2009 and below market expectations of 47.5.
SINGAPORE, Sept 23 (Reuters) – The dollar hit its highest in
nearly three weeks versus a basket of currencies on Wednesday,
while the yen held on to broad gains made overnight as
persistent worries over a slowdown in China dampened risk
Against a basket of major currencies, the dollar rose to
96.471, its highest level since Sept. 4.
SINGAPORE/SYDNEY, Sept 22 (Reuters) – The dollar hovered
near its highest level in nearly two weeks on Tuesday as
comments from several Federal Reserve officials revived
expectations that the U.S. central bank could still raise
interest rates this year.
The dollar has bounced back from lows hit late last week
after the Fed refrained from raising interest rates on Thursday
and pared back its U.S. growth forecasts for 2016 and 2017.
SYDNEY/SINGAPORE, Sept 21 (Reuters) – The dollar sagged
versus the yen and euro on Monday but held above its recent lows
as markets weighed if major central banks might ease policy
after the Federal Reserve last week delayed a long-anticipated
hike in U.S. interest rates.
Against a basket of six major currencies, the dollar last
traded at 95.053, well above Friday’s low of 94.063, its
lowest level since Aug. 26.
SINGAPORE, Sept 17 (Reuters) – Singapore’s exports fell more
in August than expected on a steep decline in sales to China and
Europe, adding to the prospects of a further easing by the
central bank next month to shield the economy from uneven global
growth and to shore up inflation.
Non-oil domestic exports (NODX) slid 8.4 percent in August
from a year earlier, trade agency International Enterprise
Singapore said in a statement on Thursday.
SYDNEY/SINGAPORE (Reuters) – The dollar inched lower on Monday with investors sticking to the sidelines as the countdown begins on whether the Federal Reserve will hike interest rates for the first time in nearly a decade.
SINGAPORE, Sept 10 (Reuters) – The New Zealand dollar
tumbled on Thursday after the country’s central bank cut
interest rates and flagged potential risks to the economy from
China, while the yen sagged amid a renewed focus on the
possibility of more Bank of Japan easing.
The kiwi slid 2.0 percent to $0.6275. It slumped to
a low of $0.6256 at one point, down from $0.6405 in late U.S.
trading on Wednesday.
SINGAPORE/TOKYO (Reuters) – The New Zealand dollar tumbled on Thursday after the country’s central bank cut its benchmark interest rate and said it may ease policy further, especially if the South Pacific nation’s economy is weakened by a potentially sharper downturn in China.
The kiwi fell 2.0 percent to $0.6275. It slumped to a low of $0.6256 at one point, down from $0.6405 in late U.S. trading on Wednesday.
SINGAPORE (Reuters) – As Singaporeans head into their first election since the passing of Lee Kuan Yew, one hot issue is something the city-state’s founding father disdained – whether a wider welfare safety net should be put in place.
Lee, who died in March, built Singapore as a model of self-reliance, where workers saved for health costs and their retirement, and family was the main support network with minimal state welfare.