US Economy

Sector Focus

Singapore's 2019 gaming industry to suffer spillover effects of VIP weakness: Fitch

SINGAPORE (Nov 27): Fitch Ratings has identified Singapore to be among the markets vulnerable to weakness from China's VIP gamblers, resulting in a flat VIP segment next year.

US Economy

Fed's Powell says US outlook 'remarkably positive'

BOSTON (Oct 3): US Federal Reserve Chairman Jerome Powell on Tuesday hailed a “remarkably positive outlook” for the US economy that he feels is on the verge of a “historically rare” era of ultra-low unemployment and tame prices for the foreseeable

EM equities supported as business cycle normalises

SINGAPORE (Feb 12): It appears increasingly obvious that the traditional business cycle is returning after more than a decade of quantitative easing across developed markets, says Neo Teng Hwee, chief investment officer and head of investment products and

US stocks

Traders are asking if the bond and stock selloff is the start of something big

(Feb 3): They’ve faced threats before: swollen valuations, a stagnating economy, stretches of declining earnings. Now investors are dealing with a new menace, and it’s wreaking more havoc than anything in two years.

Global Markets

Fed likely to raise interest rates 4 times in 2018 as US growth gains: Goldman Sachs

(Nov 20): The US economy is heading into 2018 with strong momentum that’s likely to boost wages and inflation more broadly, requiring the Federal Reserve to raise interest rates four times next year, Goldman Sachs Group economists said in a research not

Global Markets

Trump proposes US tax overhaul, stirs concerns on deficit

WASHINGTON (Reuters): President Donald Trump proposed on Wednesday the biggest US tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favours business and the rich and could add trillions of dollar

Global Economy

Hurricanes Harvey & Irma to lop 1.5ppt off US GDP growth: AccuWeather

SINGAPORE (Sept 11): AccuWeather expects Hurricanes Harvey & Irma to slash 1.5 ppt off total US gross domestic product (GDP) this year.

US shutdown and default

(Aug 29): The continued smooth recovery of the US economy shows that politics usually matters much less than most politicians believe. Despite high hopes at the start of the year, no progress on policy in 2017 has had little apparent impact on growth or m
From Bloomberg

China Focus

In a trade war with the US, China has much more to lose

SINGAPORE (Aug 21): Beijing will see a worse immediate outcome in the event of a trade war between US and China, says a new analysis of the exposure of multinational companies to the China market.

Global Economy

Fed starts to wonder if cornerstone inflation model still works

WASHINGTON (Aug 17): Federal Reserve officials are looking under the hood of their most basic inflation models and starting to ask if something is wrong.
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