IHS Markit

Global Economy

Briefs

This week: Tesla disappoints with first results as a blue chip company and more.

Global Economy

Global economy to take about two years to recover from impact of Covid-19 : IHS Markit

Any resurgence in the number of infections will only worsen the [global economy]. The recent flare up of cases and re-imposition of restrictions in South Korea and parts of China are worrisome,” IHS Markit’s economists.

Singapore junk bonds slump as Swissco seeks restructuring

SINGAPORE (Oct 4): Singapore's junk-bond market is suffering its worst rout in at least four years as debt restructurings spread among shipping and oil-and-gas service companies.
Apple iPhone 7

Tech

Apple's iPhone 7 more expensive to make: IHS Markit

BENGALURU (Sept 21): Apple Inc is spending more to manufacture its iPhone 7 smartphone than predecessor iPhone 6S due to features such as a bigger battery and larger storage capacity, according to a teardown by IHS Markit Ltd.

Bears crowd Ezra as Swiber’s woes signal oil industry risks

SINGAPORE (Aug 1): Bearish bets on offshore marine services provider Ezra Holdings jumped close to the highest in a year as the failure of smaller rival Swiber Holdings heightened concerns for the financial health of companies in the oil industry.
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