SINGAPORE: Singapore state investor Temasek, one of the world’s top funds, said on Tuesday it would prioritize investments in the United States after the “underperformance” of Chinese capital markets over the past year.

WASHINGTON: The US Federal Reserve is making “modest” progress in its inflation fight, the head of the US central bank told lawmakers Tuesday, on the first of two days of testimony in Congress.

NAIROBI: Moody’s has downgraded Kenya’s debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes.

WASHINGTON/LONDON: Britain, whose new Labour government has just taken office, is facing difficult choices due to its high level of public debt, the International Monetary Fund warned on Monday.

HWASEONG, South Korea: Workers at South Korean tech giant Samsung began a three-day general strike over pay and benefits on Monday, the head of a union representing tens of thousands of employees told AFP, warning the action could impact memory chip production.

LONDON: Big investors are warming to Britain after a landslide election win for its new Labour government but remain wary of placing long term bets until Prime Minister Keir Starmer can convince them his economic growth plans are credible.

LONDON: Britain’s Finance Minister Rachel Reeves said on Monday she had begun the task of unblocking infrastructure projects and private investment as part of a new “national mission” to drive economic growth after her Labour Party’s landslide election victory.

NEW YORK: With doubts growing about whether President Joe Biden will remain a candidate for re-election in 2024, some investors are preparing to game out potential economic scenarios and trades if a stronger Democratic candidate emerges.

KUWAIT: The Arab Investment & Export Credit Guarantee Corporation (Dhaman) announced a decline in the average Arab ranking in Dhaman’s Composite Index for Investment Components in the Arab Countries for 2023 by two positions to 104th globally, 25 positions behind the global average.