TOKYO: The coronavirus pandemic will force the Bank of Japan to embrace big data as its conventional consumer price index fails to offer an accurate, real-time picture on inflation, said Tsutomu Watanabe, a leading academic on alternative data in Japan. The BOJ pledges to achieve 2 per cent inflation as […]
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Oil prices dropped on Monday on big spikes in COVID-19 infections over the weekend in the United States and elsewhere while traders await an OPEC technical meeting expected to recommend an easing of supply cuts. LONDON: Oil prices dropped on Monday on big spikes in COVID-19 infections over the weekend […]
LONDON: The European Union’s benchmark carbon permit price hit a 14-year high at just over 30 euros (US$33.93) per tonne early on Monday (Jul 13). The price for permits for delivery in Dec 2020 traded under the EU’s Emissions Trading System (EU ETS) was 30.13 euros a tonne at 0819GMT, […]
BEIJING: The slump in China’s exports likely eased in June as some countries reopened their economies, while imports contracted less sharply on higher crude oil and commodities purchases, a Reuters poll showed on Monday (Jul 13). June exports from the world’s second-largest economy are expected to have contracted 1.5 per […]
NIBC has agreed to a proposed takeover by Blackstone , the Dutch bank said on Monday, despite the U.S. private equity firm lowering its bid in light of the COVID-19 pandemic. AMSTERDAM: NIBC has agreed to a proposed takeover by Blackstone , the Dutch bank said on Monday, despite the […]
Smartphone shipments in China fell 16per cent in June compared with a year earlier, according to government data released on Tuesday. SHANGHAI: Smartphone shipments in China fell 16per cent in June compared with a year earlier, according to government data released on Tuesday. The numbers suggest that handset demand in […]
SYDNEY: Corporate travel agents are using the coronavirus-induced lull in bookings to work with companies on how to get their staff out of Zoom videoconferences and safely back in the air. They are launching new tools to provide on-the-ground information about local mask requirements, social distancing regulations and quarantine rules, […]
Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8per cent from 6.4per cent, cashing out around US$9.6 billion at its current share price, the firm’s annual filing released on Friday showed. SHANGHAI: Alibaba Group Holding Ltd co-founder Jack Ma […]
SINGAPORE: Singapore has developed a blockchain-based payments network that could enable faster and cheaper international settlements, authorities said on Monday (Jul 13), adding that the next step was a commercial rollout. The final phase of the years-long Project Ubin saw the Monetary Authority of Singapore (MAS) team up with state […]
SINGAPORE: Oil slipped in early Asian trade on Monday (Jul 13) as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude fell 27 cents to US$42.97 a barrel by 0114 GMT while […]