Economics

Money can’t buy you happiness

Some coincidences are simply too delicious not to savour. Last week offered a marvellous example. Within days of the United Nations releasing its world happiness report, both Forbes and the Hurun Report unveiled their annual updates on the world’s billionaires. All of these reports in their ow...

US new homes sales hit 7-month top in sign of robust economy

New US single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery was gaining momentum despite higher prices and rising mortgage rates. Other data on Thursday showed an unexpected increase in the number of Americans filing for unemployment benefits last...

Oil prices fall to near 4-month low on bumper supplies

Oil prices slipped on Wednesday to their lowest since late November, with Brent testing the US$50 per barrel support, after data showed record high US crude inventories rising faster than expected, raising doubts over the viability of OPEC-led output cuts. The Energy Information Administration (EIA)...

Brazil’s US$10 bn chicken and beef exports reel from scandal

Brazil sells more than US$10 billion of chicken and beef a year but a scandal over rotten produce and faked inspections has prompted import bans, threatening the world’s biggest meat producer. China and Hong Kong have suspended all Brazilian beef and chicken imports. China was the second bigge...

Private equity professionals are cautiously optimistic

Private equity investment will remain strong in 2017 as global investors continue to expand into different markets. Returns may not be as impressive as they were in 2015 and 2016, because general partners (GPs) and limited partners (LPs) are tempering their strategies due to concerns about the impac...