Sterling revives on hopes of a UK-EU trade and services deal

THE British pound has risen sharply since the beginning of July, mainly on hopes of a steeper revival and that there will be a Brexit trade and services deal with the European Union (EU).

Gold prices have soared to all-time highs despite a demand paradox

INVESTMENT and speculative demand mainly in the US and Europe have pushed the gold price to all-time heights of almost US$2,000. In contrast, consumption in India, China and the rest of Asia has slumped.


Beijing needs to hold urgent talks with key partners in global economy

CHINA'S government has threatened retaliation against its main trading partners, the United States and the United Kingdom, as several recent high-profile incidents have seen a rise in tensions.

Gold surge, Covid-19 lockdowns put pressure on Asian jewellery industries

THE surge in gold prices and Covid-19 lockdowns are placing the Indian, Hong Kong and other Asian jewellery industries under acute pressure.

UK's big spending offer small spark to economy, but also huge debts

UK Chancellor Rishi Sunak is doing his utmost to boost the British economy and spending, but economists are beginning to fret about the debt surge.

UK, EU under pressure to strike trade deal, but several issues impede agreement

THE pressure is on for the European Union and the United Kingdom to strike a trade deal. In particular, the UK is under stress because of the deterioration in relations with China.

Covid-19 shock has put banks under pressure on several fronts: BIS

THE Bank for International Settlements (BIS) expects a growing number of global insolvencies over the next 12 months.

US dollar at crossroads as currency strategists turn bearish

THE US dollar is at a crucial crossroads these days as more currency strategists have turned bearish.

Brent crude to average US$55 till 2050, says BP

OIL prices have recovered substantially from their recent record lows but there is still a flood of inventory out there.

Russia rated top best-value market by Cape ratio; Singapore is 11th

THE sharp sell-off last week followed by a tepid recovery has once again raised the stress levels of global investors. The Cape (cyclically adjusted price-to-earnings) valuation method may well be a useful palliative to soothe these nerves.

OECD warns global economic risks will continue

THE global economy will continue to be on a tightrope until a vaccine for the Covid-19 virus becomes widely available, based on the findings of a report by the Organization for Economic Cooperation and Development (OECD).


London weighs backing HK against its trade with China

BRITISH Prime Minister Boris Johnson has a delicate balancing act to handle. On the one hand, he is committed to backing Hong Kong's freedom; on the other, he knows he needs to maintain good economic relations with China.

UK's big spending to lift economy and save jobs does little, but deepens debt

THE UK government is preparing to unveil a major economic stimulus package in July in an effort to minimise the impact of the recession caused by the Covid-19 pandemic.

US, Europe to fall behind Asia if stagflation grips the West

ASIAN economies are likely to outperform US and European nations if stagflation takes hold in the West.

Growth in China's industrial production lifts prices of metals

A SLIGHT recovery in copper and several other base metals prices is a further indication that China's economy - the world's second-largest - is beginning to grow again.

UK home prices predicted to fall as property sector slowly reopens

AS THE UK property market slowly reopens after a long hiatus caused by the Covid-19 pandemic, chartered surveyors and estate agents predict that home prices will fall.

Social distancing key in fight against Covid-19

UK BUSINESSES and unions are grappling with the government's partial relaxation of the lockdown. Since some 223,000 people have been infected and more than 32,000 have died so far, there is considerable pressure on Prime Minister Boris Johnson.

Currency and stock markets have shrugged off a dire economic report of the Bank of England

BOTH sterling and London's Footsie index rose slightly despite a Bank of England (BOE) prediction that the economy would slump by 25 per cent in the second quarter following a 4 per cent decline in the first quarter of 2020. If the forecast proves to be correct, this would be the worst economic...

UK property sector seeks govt help to survive Covid-19 crisis

BRITISH surveyors are calling for a relaxation in property tax to counter the severe downturn in the UK housing market due largely to the impact from the Covid-19 pandemic.

Western investors boost gold prices but it loses shine in Asia

WESTERN investors and speculators have boosted gold prices to 12-month highs of over US$1,700 an ounce. The jewellery trade in India, China and Japan, however, has slumped.


Johnson likely to exercise caution in relaxing UK lockdown

BORIS Johnson is experiencing intense pressure to relax the UK lockdown but he is likely to pursue a cautious step-by-step process.


Post-pandemic future 'will be globalisation with localisation'

A GROUP of 165 current and former global leaders, including Singapore's former foreign minister George Yeo, recently signed off on an open letter to the Group of 20 (G20) leaders.

G-20 meet to discuss global actions against virus

G-20 finance ministers and central bank governors are to hold a virtual meeting on Wednesday to discuss potential global actions against the Covid-19 pandemic.


Getting ultra-rich to open their wallets and finance recovery

THE Group of 20 members should marshal the vast resources of billionaires and other ultra-rich individuals around the world when the coronavirus pandemic ends.


Global debt to hamper growth even after outbreak is over

EXTENSIVE global debt will continue to impede economic growth once the pandemic ends. So far, the only solutions that have been discussed are an acceleration in inflation to lower the debt level in real terms.