Paul Krugman: Strong USD is a bad thing for US
Amid Europe's debt disputes, the dollar is strengthening - and the U.S. economy could suffer as a result Paul Krugman (Credit: Screen shot, Bloomberg) One euro is now worth about $1.06 — a sharp decline from a few months ago, when a euro could buy you roughly $1.50. The euro’s decline, amid ongoing debt disputes between...
Cheap ‘Apple Watch’ copies on sale in China
(11 Mar) - Smartwatches that mirror the look of the Apple Watch's hardware and software are being advertised on China's most popular online shopping service. Alibaba's Taobao site lists devices branded the AW08 and the iWatch. They both feature "digital crown" dials on their sides, similar-styled straps and identical user interface...
Singapore’s reserves have fallen by US$34 billion
Billions of reserves being used to prop up weak SGD Reserves have fallen by US$34bn since July. Singapore is spending billions of reserves to prop up its currency, a report by DBS revealed. According to DBS, Singapore's reserves have fallen by US$34 billion since July, a trade-off of keeping the SGD on its appreciation path. "In...
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