Category: News

Singapore core inflation hits lowest in more than 4 years at 0.3%

SINGAPORE: Singapore's core inflation gauge in January hit its lowest level in four years, data on Monday (Feb 24) showed, due to lower services and retail prices that authorities said would persist as the coronavirus outbreak dimmed the country's economic outlook. Core inflation rose 0.3 per ...

Stocks, oil tumble; gold spikes as virus fears grip markets

Stocks across the globe posted their largest decline in over two years on Monday and oil prices tumbled 5per cent as a jump in coronavirus cases outside of China sent investors scrambling to the security of gold and government bonds on fears of the impact to the global economy.

Shares drop, gold surges as investors scurry for safety

Global shares and oil slid on Monday while safe-haven gold surged as the spread of the coronavirus outside China darkened the outlook for world growth with infections and deaths rising in South Korea, Italy and the Middle East.