SINGAPORE'S benchmark index had its biggest single-day tumble so far this year, in tandem with regional markets as investors were spooked by testimony from US Federal Reserves chairman Ben Bernanke which suggests that the central bank is ready to taper off its money printing action.
Manufacturing output in Singapore rose 4.7 per cent in April over the same period last year on the back of strong performance in the pharmaceuticals sector.
TOKYO (AFP) - The Bank of Japan unleashed a torrent of liquidity on Thursday to quell government bond yields amid concern that higher long-term interest rates could squeeze mortgage payers and crimp spending.
TOKYO (REUTERS) - Nissan Motor will recall about 841,000 vehicles worldwide including the Micra compact car, also known as the March, as a result of a steering wheel glitch, Japan's No 2 automaker said on Thursday.
Singapore's inflation in April tumbled to its lowest level in three years, as consumers paid less for cars and benefited from rebates for HDB service and conservancy charges (S&CC).