UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
Michael Kugelman from the U.S.-based Wilson Center says other issues take precedence in the bilateral dialogue between the United States and Pakistan — namely, Afghanistan and...Asia Politicsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
Singapore's exports in July tumbled more than expected as sales to China and the United States declined, leaving the trade-reliant economy struggling to restore momentum and keeping pressure on the central bank to deliver further stimulus.
Non-oil domestic exports (NODX) fell 10.6 percent last month from a year earlier, the trade agency International Enterprise Singapore said in a statement on Wednesday. That was far worse than the median forecast of a 2.5 percent slump in a Reuters poll and a revised 2.4 percent loss in June.
On a month-on-month, seasonally adjusted basis, exports declined 1.8 percent in July, missing a forecast of a 0.2 percent rise in the survey.
The weak trade numbers will put the focus back on the Monetary Authority of Singapore after its surprise easing in April when it set the rate of appreciation of the Singapore dollar's policy band at zero percent.
Some analysts see prospects of further easing at its October meeting to restore momentum, but MAS deputy managing director Jacqueline Loh last week said the current monetary policy stance remains appropriate for 2016 even as the government cut its economic growth forecast.
"External conditions still look very tepid in terms of demand," said Edward Lee, head of ASEAN Economic Research at Standard Chartered Bank. Lee however believes the hurdle for another easing by MAS soon after April remains high for now.
The economy is now expected to expand 1-2 percent this year, lower than the previous government forecast of 1-3 percent on concerns over Britain's vote to leave the European Union and weakening global demand.
IE Singapore last week said the NODX is expected to shrink 3 to 4 percent this year.
Exports to China, Singapore's top overseas market, fell 16.6 percent in July from a year earlier, much more than a 9.9 percent decline in June.
That came against the backdrop of a slowdown in China, with activity in July showing an underpowered economy.
Shipments to the United States slumped 19.1 percent last month from a year earlier, compared to a 5.9 percent increase in June.
Sales to the European Union gained 3.0 percent in July on-year after a 5.8 percent contraction in June.
Electronics exports in July shrank 12.9 percent from a year earlier.
The weak trade numbers mirror depressed activity at Singapore's factories, which hit a five-month low in July, contracting for a 13th consecutive month on falling new orders and exports, a survey showed earlier this month.
Follow CNBC International on and Facebook.