Singapore MTI lowers economic growth forecast for 2019
Singapore’s MTI lowered its economic growth forecast for the city-state to 1.5 percent to 2.5 percent for 2019, from 1.5 percent to 3.5 percent previously.
Currencies
Singapore April NODX drops 10 percent in broad-based decline
Singapore’s April NODX dropped 10.1% on-year on a high base a year earlier, with declines in both electronic and non-electronic exports, data showed Friday.
BofA-ML: Fund managers well-hedged amid trade war fears
More than a third of fund managers have taken out hedges to protect against a sharp market fall over the next three months, the May BofA-ML fund manager survey found.
UOB, SGX, CCOIC enter deal to help Chinese companies expand in Southeast Asia
UOB, SGX and the China Chamber of International Commerce said Sunday they signed a deal to help Chinese firms use Singapore as a base for expanding into Southeast Asia.
SGX reports fiscal 3Q net profit slipped amid higher expenses, lower securities revenue
SGX reported Thursday its fiscal 3Q net profit fell 1 percent on-year to S$99.7 million amid higher expenses and lower equities and fixed income revenue.
Singapore central bank keeps policy unchanged amid a lower inflation forecast
The Monetary Authority of Singapore, kept policy unchanged Friday and lowered its inflation forecast, pointing to slowing economic growth in the city-state.
DBS: Time to add more gold to portfolios
Markets may have recovered from their fourth quarter ructions, but DBS is advising adding more gold to portfolios to stave off the effects of continued volatility.
Fed’s Rosengren: Inverted yield curve is different this time
The yield curve inversion in the U.S. may have set off a fresh round of market jitters, but Eric Rosengren, president of the U.S. Federal Reserve Bank of Boston, said on Tuesday that it’s no longer a reliable recession signal.
Yellen: This is the root cause of disruptions facing central bankers
The disruptions and uncertainty central bankers have been dealing with over the past few years have one root cause, said Yellen on Monday.
Yellen: Central bankers don’t have enough bullets in their policy guns
Former Federal Reserve chief Janet Yellen said on Monday that global central banks don’t have enough bullets in their policy guns to deal with a crisis.
PSA, PFR and IFM to jointly buy Poland’s largest container terminal
PSA International, the Polish Development Fund and IFM Global Infrastructure Fund have tied up to acquire Poland’s largest container terminal.
Insider Stories: Bank Indonesia will maintain rupiah stability via regular auctions
Bank Indonesia will move quickly to keep the rupiah stable, said Nanang Hendarsah, an executive director at the central bank, Insider Stories reported.
Singapore NODX drops 10.1 percent in January, extending December decline
Singapore’s NODX declined 10.1% on-year in January, off a high year-ago base, extending December’s 8.5% decline, Enterprise Singapore said Monday.
Cash is king as fund managers remain bearish, BofA-ML February survey finds
Fund managers remained bearish, with cash overweights at their highest since the Global Financial Crisis, the BofA-ML February fund manager survey found.
Forex trends: US dollar tumbles in wake of dovish comments from Fed
The U.S. dollar dropped sharply in the wake of dovish comments from the U.S. Federal Reserve, marking what could be a sea-change in its long-drawn…
Forex trends Friday: British pound rallies on expectations no-deal Brexit will be avoided
Brexit bickering continued in the U.K., but sterling rallied on Thursday, while the euro recovered early losses after the European Central Bank kept policy unchanged,…
Asia market trends Friday: Sentiment buoyant despite renewed US-China trade concerns
Asian markets appear buoyant heading into the open on Friday, despite renewed concerns that the U.S. trade war with China might not see a rapprochement…
Forex trends Thursday: Euro gains despite downbeat growth signals
The euro gained against the dollar, but Kathy Lien, managing director of foreign-exchange strategy at BK Asset Management, said that was on short-covering, not economic…
Asia market trends Thursday: Concerns over global economic growth to damp sentiment
Markets globally continue to fret over signs of slowing global economic growth, and Asia shares may open trade on Thursday under a cloud. “Against a…
Forex trends Wednesday: Sterling rises despite few signs Brexit ‘plan B’ will gain traction
Sterling was higher on Tuesday despite U.K. Prime Minister Theresa May’s Brexit plan B appearing unlikely to cut the mustard with parliament any better than…