Saturday, 31 Oct 2020

Economy

3D-printed food could be the next frontier in healthcare and sustainability efforts

SINGAPORE – Additive manufacturing – more commonly known as 3D printing – might seem like something suited to high-tech factories producing industrial goods but it can support many other sectors, such as healthcare and sustainability experts, members of a discussion panel noted on Thursday (Oct 22). Khoo Teck Puat Hospital (KTPH) senior principal dietitian Gladys […]

Italian yields hit 2-week highs with 30-year BTP sale in focus

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr LONDON, Oct 22 (Reuters) – Italian yields rose to a two-week high while core European government bond yields were stable on Thursday as hopes of a U.S. fiscal stimulus package persisted. Eyes will be today on Italy’s 30-year bond sale, said ING analysts. The announcement that Italy […]

EMERGING MARKETS-Turkish lira flat before central bank meeting; zloty sinks

* Turkish central bank expected to raise rates- Reuters poll * Polish zloty loses about 0.5% * Central bank meetings in Israel, Ukraine expected Oct 22 (Reuters) – Turkey’s lira was barely moving on Thursday ahead of an expected interest rate increase by the central bank, while the Polish zloty dropped in the face of […]

Macau casinos seen posting over $1 billion combined quarterly loss amid pandemic

HONG KONG (BLOOMBERG) – Macau casino operators are expected to post a combined loss of more than US$800 million (S$1.08 billion) in earnings before interest, tax, depreciation and amortisation (Ebitda) for the quarter ended Sept 30, according to a Bloomberg survey of analyst estimates. Each of the six operators, which start reporting earnings in the […]

Airlines working with WHO on testing system to replace quarantine

SINGAPORE (BLOOMBERG) – The International Air Transport Association (IATA) is working to set up a testing system that will replace compulsory quarantine to help revive the airline industry that’s been decimated by the coronavirus outbreak. IATA, which represents about 290 airlines globally, is working with the International Civil Aviation Organization and the World Health Organisation […]

Winnipeg businesses forced to shutter for two weeks amid COVID-19 spike frustrated

The owners of Winnipeg establishments ordered to shutter for the next two weeks while cases of the novel coronavirus continue to spike in Manitoba’s capital are frustrated — and think their businesses have been singled out. Starting Monday, gathering sizes drop from 10 to five people, and restaurants, retailers, libraries and museums will be limited […]

Moody's cuts UK's debt rating on weak economic growth

Oct 16 (Reuters) – Ratings agency Moody’s lowered the United Kingdom’s sovereign debt rating to “Aa3” from “Aa2” on Friday, citing weakening economic and fiscal strength. Negative long-term structural dynamics have been worsened by Britain’s decision to leave the European Union and its subsequent inability to reach a trade deal that meaningfully replicates the benefits […]

Tokyo opens Hong Kong office to attract firms to financial hub

TOKYO (BLOOMBERG) – The Tokyo Metropolitan Government has set up an office in Hong Kong to consult with companies considering a move to the Japanese capital, part of its push to make the city a global financial centre. The Hong Kong office opened for online consultations on Friday (Oct 16), Governor Yuriko Koike said at […]

Mass air travel's return at least two years away: Ong Ye Kung

SINGAPORE (BLOOMBERG) – The global aviation industry will take at least two years to recover from the coronavirus pandemic and mass travel to return, Singapore’s Transport Minister Ong Ye Kung said, stressing the importance of developing a widely available and effective vaccine to help countries open their borders. “When a vaccine is widely available around […]