Explore

Reuters Reuters
Singapore GDP grows 5.9% y/y in Q2, government raises 2026 forecast on AI boom

Singapore GDP grows 5.9% y/y in Q2, government raises 2026 forecast on AI boom

SINGAPORE, Aug 11 (Reuters) - Singapore's economy grew 5.9% in the second quarter of 2026 from a year earlier, government data showed on Tuesday, higher than an official advance estimate of 5.7%. For the first half of the year, GDP growth was 6.1%, the Trade Ministry said.
Reuters Reuters
Singapore raises 2026 growth forecast on AI boom after robust Q2 GDP

Singapore raises 2026 growth forecast on AI boom after robust Q2 GDP

By Xinghui Kok and Jun Yuan Yong SINGAPORE, Aug 11 (Reuters) - Singapore raised its economic growth forecast for 2026 on Tuesday, saying a stronger-than-expected global artificial intelligence investment boom and a milder impact from the Middle East war should support activity in the second half of
Trendline Trendline
U.S. Economy Maintains Steady Growth Amidst Global Challenges

U.S. Economy Maintains Steady Growth Amidst Global Challenges

U.S. Economy Maintains Steady Growth Amidst Global Challenges
Trendline Trendline
Apollo's Slok Warns AI Profits Funded by Investors, Not Customers

Apollo's Slok Warns AI Profits Funded by Investors, Not Customers

Apollo's Slok Warns AI Profits Funded by Investors, Not Customers
Reuters Reuters
Yen steadies as intervention boost fades; RBA in focus

Yen steadies as intervention boost fades; RBA in focus

By Ankur Banerjee SINGAPORE, Aug 11 (Reuters) - The yen steadied on Tuesday after a sharp drop in the previous session as the joint U.S.-Japan intervention failed to deliver a lasting boost, while the Australian dollar was at an eight-week high ahead of a policy decision from the country's central
Reuters Reuters
Yen wobbles as intervention afterglow dims; RBA keeps rates unchanged

Yen wobbles as intervention afterglow dims; RBA keeps rates unchanged

By Ankur Banerjee SINGAPORE, Aug 11 (Reuters) - The yen wobbled near the crucial 160 level on Tuesday, as joint U.S.-Japan intervention failed to deliver a lasting boost, while the Australian dollar held its ground near eight-week highs after the central bank held rates as expected.
Reuters Reuters
JPMorgan to keep Asia hiring pace after corporate bank growth tops 20%

JPMorgan to keep Asia hiring pace after corporate bank growth tops 20%

By Yantoultra Ngui and Rae Wee SINGAPORE, Aug 11 (Reuters) - JPMorgan Chase will continue hiring in Asia Pacific at a similar pace in 2027, after revenue at its corporate bank in the region grew by well above 20% this year, its regional heads told Reuters.
Reuters Reuters
Colombian stocks slip after earthquake; LatAm assets muted

Colombian stocks slip after earthquake; LatAm assets muted

By Niket Nishant Aug 10 (Reuters) - Colombian equities slipped after a major earthquake on Monday killed at least 20 people and caused widespread damage, while Latin American assets were muted on worries about the prolonged conflict in the Middle East.
AP News AP News
Oil prices climb further, while Asian shares are mixed

Oil prices climb further, while Asian shares are mixed

Shares are mixed in Asia, while oil prices have resumed climbing after a 5% jump Monday
AP News AP News
Oil prices hold steady after jumping 5%, while Asian shares are mixed

Oil prices hold steady after jumping 5%, while Asian shares are mixed

Shares are mixed in Asia, while oil prices are holding steady after gaining 5% due to questions over when the Strait of Hormuz could reopen and get the global flow of crude going again
Trendline Trendline
Businesses Reassess AI Spending Amid Rising Costs and Economic Pressures

Businesses Reassess AI Spending Amid Rising Costs and Economic Pressures

Businesses Reassess AI Spending Amid Rising Costs and Economic Pressures
Rapid Read Rapid Read
UN Reports Global Food Prices Surge Due to Weather and Conflict

UN Reports Global Food Prices Surge Due to Weather and Conflict

Global food prices have reached their highest level in three and a half years as of July, according to the UN Food and Agriculture Organisation. This increase is attributed to extreme weather conditions and escalating conflicts in the Middle East, which have driven up crop costs. The index of food and commodity prices indicates that cereal prices rose by 3.4% month-on-month in July, while sugar prices saw a 5.6% increase. These developments highlight the vulnerability of global food supply chains to environmental and geopolitical factors.