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.
Economy and Trade
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.
Fund managers get more skittish of stocks in March, BofA-ML survey finds
Global fund managers turned even more skittish on equities in March, but were a bit less bearish on the economy, a Bank of America-ML survey showed.
Singapore February NODX up 4.9 percent as non-electronics exports grow
Singapore’s February NODX rose 4.9%, swinging from January’s 10.1% fall, on a pickup in non-electronics exports, according Enterprise Singapore data Monday.
UPDATE: Singapore budget 2019: These are the big losers from foreign worker changes
Singapore’s 2019 budget will have some clear losers: Labor-intensive service industries, such as retail, hospitality and food and beverage.
Creative Technology lands a mention in Singapore budget 2019
Creative Technology landed a mention in Singapore’s budget speech on Monday, as Finance Minister Heng Swee Keat sought to highlight the importance of the entrepreneurial…
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.
Singapore 4Q18 economic growth slowdown expected to continue into 2019
Singapore’s 4Q18 economic growth slowed to 1.9% on-year as the construction and wholesale & trade sectors contracted, MTI said Friday.
Singapore budget 2019: Hopes for increased spending are too high, BofA-ML says
Hopes for a spending spree in the upcoming Singapore budget are too high, although an expansionary budget is likely, BofA-ML said in a late January note.
Why EC World REIT shows the trade war may not hit all of China’s trade-dependent plays
EC World REIT’s unit price has dropped around 10 percent since its 2016 initial public offering, taking a hit alongside a host of China-focused investments as concerns over the U.S. trade war hurt sentiment.
Hutchison Port Holdings Trust downgraded to Sell from Buy by OCBC after impairment
OCBC downgraded Hutchison Port Holdings Trust, or HPHT, to Sell from Buy after its earnings missed following a large goodwill write-down.
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.
Hutchison Port Holdings Trust reports 4Q18 net loss as trade tensions spur impairments
Hutchison Port Holdings Trust reported Tuesday a 4Q18 net loss of HK$12.11B, swinging from a year-ago profit on impairments related to trade tensions.
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…
Asia market trends Wednesday: Economic growth concerns set to weigh shares
Concerns over slowing economic growth were set to weigh Asian markets on Wednesday, after dunking Wall Street on Wednesday amid weak home sales data. In…
Forex trends Tuesday: Brexit developments likely in focus
Foreign-exchange markets will likely be eyeing the latest Brexit developments on Tuesday, with U.K. Prime Minister Theresa May aiming for a “plan B” deal that…
Asia market trends Tuesday: Growing pessimism over global economic outlook
Asian markets will open Tuesday with fresh signs of pessimism over the outlook for global economic growth. Wall Street will provide few cues on Tuesday…
Forex trends Monday: US government shutdown appears to boost dollar
The U.S. dollar has risen since Friday, despite growing worries the U.S. government shutdown could begin to bite into economic growth. Over the weekend, U.S. President…
Asia market trends Monday: Optimism over US-China trade talks may boost shares
Asia’s markets may gain on Monday, tracking rallies on Wall Street on Friday amid optimism that the U.S. trade war with China may be approaching…
Forex trends Friday: Indonesia’s rupiah could drop if market volatility persists, economist warns
Foreign exchange trading of the majors was on the quiet side on Thursday, but while Indonesia’s rupiah was rangebound after the central bank kept rates…
Asia market trends Friday: Potential boost from hopes US-China trade war may ease
Asian markets may head into the weekend on a high note, potentially tracking Wall Street gains amid signs that U.S.-China trade talks could result in…
UPDATE: Singapore December NODX drops for second straight month
Singapore’s non-oil domestic exports, or NODX, dropped 8.5 percent on-year in December, falling for a second month, on a high base a year earlier, according…
Forex trends Thursday: Euro slips amid slowing economic growth, but pound shrugs off Brexit drama
The euro lost ground on Wednesday amid dovish comments from the ECB, but the British pound was fairly steady despite the uptick in Brexit drama….
