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Singapore's central bank eased monetary policy again due to concerns about global growth and trade, influenced by U.S. tariffs. The Monetary Authority of Singapore reduced the rate of appreciation of its exchange rate, while the trade ministry lowered Singapore's GDP growth forecast for 2025 to 0%-2%. Economists suggest further easing is possible if economic conditions worsen.
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The government is working to obtain coal to power the company's furnaces after passing an emergency law to take control of its site.
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Asian stocks experienced a boost following President Trump's temporary suspension of import duties on consumer electronics, providing relief after a turbulent week. While this pause offers a brief respite, uncertainty persists as Trump hints at future tariffs and continues to reshape global trade. Investors remain cautious, navigating conflicting statements and hoping for a negotiated resolution to the trade disputes.
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