By Amanda LeeSingapore households' energy costs are set to rise, which could damp consumer spending and weigh on economic growth.Like many countries in the region, Singapore relies heavily on energy imports from the Middle East. "Natural gas prices had increased sharply from the end of February and…
Economic and business confidence is improving across the euro zone but remains below pre-war levels, and oil prices are seen remaining at relatively elevated levels for years, European Central Bank chief economist Philip Lane said on Tuesday."In terms of the overall inflation impulse, the fact that…
By Khushi Malhotra and Dharamraj DhutiaIndian government bonds rose on Tuesday, with the benchmark 10-year yield on track for its biggest monthly decline in nearly seven years, supported by lower oil prices and a pickup in foreign buying.The yield on the benchmark 6.94% 2036 bond (IN069436G=CC) was…
Thailand's cabinet on Tuesday agreed to extend cuts in ownership transfer and mortgage registration fees for another year to support the struggling property sector, the government said.The cut in the fees to 0.01% for certain properties will be effective until June 2027, it said in a statement.
The UK’s current account deficit narrowed to £22.1 billion (2.8% of GDP) in the first quarter of 2026 from an upwardly revised £27.2 billion in the previous quarter, but remained slightly wider than market expectations of a £21.5 billion shortfall.The primary income deficit decreased to £3.9 billio…
Copyright RTT News/dpa-AFX
Copyright RTT News/dpa-AFX
Copyright RTT News/dpa-AFX
Copyright RTT News/dpa-AFX
Copyright RTT News/dpa-AFX
Copyright RTT News/dpa-AFX
Copyright RTT News/dpa-AFX
The UK economy expanded by 0.6% quarter-on-quarter in Q1 2026, confirming preliminary estimates and accelerating from a revised 0.1% growth in Q4.This marked the strongest quarterly expansion since Q1 2025.Services output, the main growth driver, rose by 0.8%, up from 0.1%, led by professional, sci…
Germany’s import prices rose 6.8% year-on-year in May 2026, accelerating from a 5.3% increase in the previous month and matching market forecasts.This was the third consecutive month of increases and the fastest pace since December 2022.Energy prices remained the primary driver of the overall rise…
The Nifty IT index fell for a third straight session on Tuesday, with heavyweight stocks such as Infosys, TCS, Wipro and HCLTech featuring among top Nifty losers. Information technology shares were under heavy selling pressure as investors worried that US interest rates could stay elevated for long…
Retail sales in Sweden rose 8.0% year-on-year in May 2026, accelerating from a 4.7% rise in the previous month and marking the strongest growth since May 2021.Sales of durable goods advanced 10.3% from a revised 5.4% in April, while sales of consumables (excluding Systembolaget) also strengthened t…
By Jaspreet KalraThe Indian rupee was modestly weaker on Tuesday, but remained on course to log a quarter-on-quarter gain, its first since March 2025, as a sharp retreat in oil prices and a salvo of policy measures to draw dollar inflows snapped a spell of decline.The currency FX_IDC:USDINR last tr…
Germany’s retail sales rose 1.1% month-on-month in May 2026, rebounding from a revised 0.4% decline in the previous month and defying market expectations for a 0.1% fall.It marked the first monthly increase since December, suggesting consumer spending regained some momentum despite ongoing economic…
The unemployment rate in Saudi Arabia fell to 3.1% in the first quarter of 2026 from 3.5% in the previous period, marking the lowest reading since Q1 2025.The jobless rate among Saudi nationals decreased by 0.8 percentage points to 6.4%, while that for non-Saudis increased to 1.5%.By gender, unempl…
Denmark’s unemployment rate stood at 2.7% in May 2026, unchanged for the fourth consecutive month and remaining at its highest level since September 2021.The number of unemployed persons rose by 0.5 thousand from the previous month to 81.8 thousand.The unemployment rate for men held steady at 3.0…
