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Record imports push US trade balance deep into the red in August

US imports increased 4.3% to an all-time high of US$420.8 billion (S$538 billion) in August.

IMF warns cost-of-living shocks cause ‘lasting deterioration’ in affordability

The Iran war has led to a spike in oil prices and has pushed global inflation.

Bank of Japan says AI boom may have eased financial conditions, warns of market risks

The Bank of Japan said it will continue to carefully examine economic and financial data to ascertain a “consistent picture” on AI’s impact.

Saudi Arabia unexpectedly cuts November oil prices to Asia to lowest in 6 years

The largest Middle Eastern crude exporter set the November Arab Light crude oil official selling price to Asia at US$5 a barrel below the average of Oman and Dubai prices, down US$3 from the previous month.

US to unveil measures against excess manufacturing in ‘weeks’: Nikkei report

US Trade Representative Jamieson Greer made the comments during an interview with Japanese news outlet Nikkei Asia on the sidelines of the G-20 meeting in the US city of Milwaukee.

Japan PM vows to underpin yen by boosting economic competitiveness

Japan’s Prime Minister Sanae Takaichi said she told US President Donald Trump that the yen’s undervaluation was a problem when the two met in September.

US Federal Reserve’s Kashkari says US central bank must lower inflation pressures

Federal Reserve Bank of Minneapolis president Neel Kashkari said that he expects the US central bank to raise rates again depending on how the economy performs.

US Federal Reserve’s Williams sees one more interest rate hike in late 2026

Federal Reserve Bank of New York president John Williams said there was no urgency to act following the central bank’s decision to lift rates earlier this month.

Stocks weather bond storm on return of AI euphoria, lower oil prices

The return of oil above US$100 a barrel has fuelled inflation fears, bolstering bets on multiple Federal Reserve rate hikes.

Global bond sell-off rolls on, US 30-year yield at highest since 2004

US Treasury Secretary Scott Bessent has taken extraordinary measures to try to contain rising borrowing costs but to little avail, as yields have continued to climb.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.