Escalating conflict in the Russia-Ukraine war and the slowing global economy are downside risks that Singapore must be prepared for, says Lawrence Wong.
BlackRock, the world's largest asset manager, cut Japanese stocks to "underweight" – as Japan is set to appoint a new governor to lead its central bank.
Russia's budget deficit hit a record 1.8 trillion rubles ($24.4 million) in January, with spending growing by 58% from the previous year while revenues fell by more than a third.
Singapore's DPM Lawrence Wong says Budget 2023 was "particularly challenging" as the country tried to ensure fiscal prudence while helping Singaporeans with cost of living.
The White House tapped Lael Brainard and Jared Bernstein to two critical roles shaping U.S. economic policy as the country grapples with high inflation.
The U.S-China trade relationship has endured Covid and tariffs. Now alleged spy balloons are giving industries like retail another reason to move manufacturing.