International Economic
Indonesian start-ups Gojek and Tokopedia agree $18bn merger
Indonesian start-ups Gojek and Tokopedia have agreed to a merger worth $18bn that will create the biggest privately held technology start-up in south-east Asia.
Fed's Clarida says it's too soon to start talking about 'tapering' bond purchases
America's economy has not yet made the substantial further progress required to start talking about the central bank 'tapering' its bond purchases, one of the Federal Reserve's highest-ranking officials said.
US NAHB calls for import tariffs on construction materials to be lifted
Homebuilder confidence in the US was steady in May despite growing concerns over the price and availability of most building materials, prompting calls for import tariffs on them to be lifted.
'Empire State' factory index dips as expected in May
Manufacturing sector activity in the jurisdiction of the Federal Reserve Bank of New York's slipped a bit last month, the results of a closely-followed survey revealed.
EU agrees partial truce with US over tariffs
The European Union agreed a partial truce with the United States in a dispute over US metals tariffs imposed by the Trump administration.
Gold rises as inflation fears resurface
The price of gold hit a new three-month high on Monday after worries about US inflation increased and cases of Covid-19 increased in parts of Asia.
China industrial production slows and retail sales disappoint
Chinese industrial production growth slowed as expected in April but retail sales disappointed, suggesting the world's second-biggest recovery faces a bumpier recovery path.