Singapore is losing its export competitiveness to other Asian economies - Vietnam, the Philippines and China. This conclusion is contained in a report released by Swiss bank Credit Suisse. "Rising cost of production" is called one of the main reasons for decline in Singapore's export potential....

Federal Reserve policymakers are already weighing new tools they may need to fight the next recession but are signaling they could raise U.S. interest rates soon.   Fed Chair Janet Yellen told a central banking conference in Jackson Hole, Wyoming that a solid U.S. labor market "has...

Leaving the door open for a hike as early as next month, the head of the U.S. central bank and other policymakers said on Friday that the Federal Reserve is getting closer to raising interest rates again.   While Fed Vice Chair Stanley Fischer suggested a move could come at the central...

After a significant hiatus, multibillion-dollar oil and gas deals are back on the table.   Wood Mackenzie Ltd. said that as crude’s recovery fueled hopes of a steadier market, more than $11 billion of transactions were announced globally in July. Noting a triple rise, the amount since May...

Officials from Iran & Ecuador informs that there will be more discussions on strengthening the price of oil. Alexandra Valencia reports to Reuters that on Wednesday, 24th of August 2016, Ecuador and Iran engaged themselves in a discussion to come to terms with ways whereby both the countries...

In what would be the first attempt to coordinate and globalize web-based innovation transforming the financial industry, financial technology groups from more than 20 cities across the world plan to form a federation of 'fintech' hubs this year.   Due to its promise - or threat - to...

The U.S. economy needs more public spending to shift into higher gear – is the message that the Federal Reserve chief and her colleagues have for politicians even as markets wait for Janet Yellen's latest message about the direction of monetary policy.   Government infrastructure spending...

The U.S. economic performance matches Fischer’s optimistic views. The Central Bank’s growth as well as inflation targets were almost touched by the U.S. economy, report a “top official”, whereby some observers concluded that the said official was probably expecting a further rise in interest rates...

With growth showing little sign of being curtailed by fallout from the U.K.’s Brexit vote, the euro-area economy maintained its momentum in August.   For a second month in July, a composite Purchasing Managers Index for the 19-nation region rose to 53.3 from 53.2. That reading marks the best...