Market News

    Dollar finds footing on U.S. economy as euro falters

    SINGAPORE (Reuters) - The dollar began the week on a firm footing, inching toward a milestone peak against the euro on Monday, as a cautious market mood pushed investors to safety while U.S. economic strength and a rapid vaccine rollout also added to the greenback’s shine.

    China set to lead recovery of East Asian and Pacific economies: World Bank

    (Reuters) - China is expected to lead the recovery of East Asian and Pacific economies this year, but many nations will record sub-par growth as they struggle to emerge from the coronavirus pandemic, according to new World Bank forecasts released on Friday.The World Bank’s latest East Asia and Pacific Economic Update predicts China’s economy will expand by 8.1% in 2021, compared with 2.3% the previous year, powering a 7.4% region-wide expansion, up from 1.2 per cent in 2020.