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Global Market News

US economy faces significant slowdown in first quarter – Fed official

by moneycompass

11 Jan 2021

WASHINGTON - The US economy will likely experience a significant slowdown or even a contraction in the first quarter of 2021, a senior Federal Reserve official said on...

Businesses expect working life to be different post-pandemic

by moneycompass

06 Jan 2021

In a report published by ICAEW, based on a survey of chartered accountants from more than 50 countries, almost all businesses around the world expect working life to...

PM Lee: Economically Singapore begins to see signs of stabilisation amid COVID-19

by moneycompass

05 Jan 2021

SINGAPORE - Economically, Singapore is not yet out of the woods either, but it is beginning to see signs of stabilisation, says Prime Minister Lee Hsien Loong in...

2021 investment outlook: Asian and emerging markets poised to lead global economic recovery

by moneycompass

04 Jan 2021

HONG KONG and SINGAPORE - 2020 has been an eventful year which saw some of the toughest social, economic and political challenges in recent times. While stabilization of...

South-East Asian economies to experience bumpy and uneven recovery before strong rebound in 2021

by moneycompass

23 Dec 2020

The latest economic outlook report from Oxford Economics, commissioned by chartered accountancy body ICAEW, predicted that GDP across South-East Asia (SEA) will contract by 4.1% in 2020 before...

Singapore drops in cost of living rankings following the effects of COVID-19

by moneycompass

21 Dec 2020

Singapore – Singapore fell two places in the latest cost of living rankings, but remains in the top 15 most expensive locations in the world for expatriates. This...

World’s largest asset owner, Japan’s Government Pension Investment Fund, selects new Gender Diversity Index

by moneycompass

21 Dec 2020

TOKYO - Morningstar, Inc., a leading provider of independent investment research, on December 18 announced the launch of the Morningstar® Developed Markets ex-Japan Gender Diversity Index℠, a new...

China and India to lead global economic recovery

by moneycompass

11 Dec 2020

VILNIUS, LITHUANIA - Global real GDP growth will reach 5.1% in 2021 with developing and advanced economies at 6.1% and 3.8% respectively, according to global market research company...

Developing Asia to contract 0.4% in 2020, grow by 6.8% in 2021

by moneycompass

11 Dec 2020

MANILA, PHILIPPINES - Economic activity in developing Asia is forecast to contract by 0.4% this year, before picking up to 6.8% in 2021 as the region moves toward...

Online users in APAC have anonymous accounts, check businesses’ social media profiles before purchase

by moneycompass

10 Dec 2020

Do you have an anonymous account online? The latest survey conducted by global cybersecurity company Kaspersky confirms that you are not alone. More than 3-in-10 users in Asia...