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The Week In Numbers: On Your Bike

The Bank of Japan has kept interest rates at minus 0.1%. There were hopes that the central bank would do more to stimulate the flagging Japanese economy. But it said it would keep its target for bond buying unchanged. It did however double its annual purchase of Exchange Traded Funds to US$57 billion.

The US Federal Reserve decided to keep interest rates unchanged too. It said that interest rates would remain between 0.25% and 0.5%. It said “near term risks” to the economic outlook have diminished. But it added that inflation remained below the bank’s target.

It was only a question of time before a big-name oil and gas company bit the dust. Swiber Holdings (SGX: BGK) has applied to the courts to be wound up. Three executives of the company have also announced their resignations. Amongst its creditors is DBS Group (SGX: D05), which said to be owed S$700 million.

So now it’s official. The two main candidates in the US Presidential election will be Donald Trump and Hillary Clinton. But there are two other candidates running for the White House, which makes four. They are Gary Johnson, who will represent the Libertarians, and Jill Stein from the Green Party.

And finally, Boris Bikes are coming to Singapore. The Land Transport Authority has given the green light to a bike-sharing scheme in the Jurong Lake District. The scheme, which will be launched by the end of 2017, will be run as a public-private partnership.

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