Brexit

SINGAPORE (July 1): UOB Kay Hian has maintained its “buy” recommendation and target price of $3.16 for ComfortDelgro (CD), adding that it expects limited impact from Brexit on its UK transport operations.

(July 1): The pound dropped after Bank of England Governor Mark Carney said the central bank may need to loosen monetary policy as it tries to contain the fallout from Britain’s decision to quit the European Union.

SINGAPORE (June 30): Citi Research’s global economic outlook for 2H 2016 is currently caught between two opposing forces: the recently revealed Leave outcome in the UK’s EU referendum, and rebounding activity in global markets which suggests “furthe

SINGAPORE (June 30): United Overseas Bank says it has temporarily stopped funding London properties as it awaits more clarity on the fallout of the British vote last week to leave the European Union.

SINGAPORE (June 30): Maybank Kim Eng is reiterating its “negative” rating on the local banking sector following June 24’s EU referendum results.

SINGAPORE (June 30): The majority of trend-following hedge funds, commonly known as commodity trading advisers (CTAs), generated positive performance in the two days following the Brexit bombshell on June 23, when Britain voted to leave the European Union