US dollar remains dominant despite tariff turmoil, says top IMF official
SINGAPORE - The weakness in the United States' currency and moves in its sovereign bond yields is not a sign of a major structural shift in the global economic order, says a top International Monetary Fund (IMF) official .
The movements represent the high level of uncertainty about US trade policy, which is weighing down on US and global economic growth, the IMF's first deputy managing director Gita Gopinath said in an interview with The Straits Times.
Join ST's Telegram channel and get the latest breaking news delivered to you.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Straits Times
4 hours ago
- Straits Times
BookTalk: Gelato Messina's Alessandro Palumbo inspired by Anthony Bourdain and Quentin Tarantino
International operations manager Alessandro Palumbo has found new pockets of time to read while travelling for work. PHOTO: GELATO MESSINA Who: Mr Alessandro Palumbo, 28, is the international operations manager of Gelato Messina Singapore. He is 'passionate about great food, travel, culture – and always chasing a good story, whether it is on a page or a plate'. The family-owned Australian brand opened its outlet in Club Street in May to long queues. The outlet offers flavours exclusive to Singapore such as Kaya Toast and Tau Huay. Mr Palumbo is the nephew of Gelato Messina's founder Nick Palumbo. Join ST's Telegram channel and get the latest breaking news delivered to you.
Straits Times
4 hours ago
- Straits Times
TBR (To Be Read): Should S'pore authors be paid each time their books are borrowed from the library?
Public Lending Right allows authors to receive some form of payment with library loans of their books, ensuring their labour is better rewarded over time with each. PHOTO: ST FILE SINGAPORE – Being an author is tough anywhere, but especially so in S ingapore, which has recently ranked among the most expensive cities. Local publishers cannot afford the six-figure advances doled out in larger markets. Floundering book sales hardly guarantee sufficient payment, unless one's name is Sonny Liew, author of all-time bestseller The Art Of Charlie Chan Hock Chye (2015). Join ST's Telegram channel and get the latest breaking news delivered to you.
Straits Times
4 hours ago
- Straits Times
Malaysia's KLIA Aerotrain set to resume service on July 1
Kuala Lumpur International Airport's Aerotrain will enhance the airport's service and image. PHOTO: THE BUSINESS TIMES SEPANG - The much-awaited Kuala Lumpur International Airport (KLIA) Aerotrain is set to return to service as early as July 1, says Transport Minister Anthony Loke. 'It stopped operations several years ago, but today I am happy to announce that the project is completed with various trials conducted. It will undergo several more tests soon, including the Emergency Response Plan test, together with the authorities,' Mr Loke said at a press conference at KLIA on June 21. 'If everything goes well, it will begin operations at 10am on July 1.' Mr Loke mentioned that the Aerotrain project will enhance KLIA's service and image. He also said the current shuttle bus system will operate concurrently to facilitate better passenger movement. 'These are among the mitigation measures to ensure all passenger movement at KLIA runs smoothly,' he added. Mr Loke said that there are currently three Aerotrain sets, with two sets to run concurrently while one remains on standby. During off-peak hours, however, only one train will operate to allow for maintenance work. Off-peak hours are between 12am and 5am. Each train has three carriages and can carry a total of 270 passengers at one time. THE STAR/ASIA NEWS NETWORK Join ST's Telegram channel and get the latest breaking news delivered to you.
