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US existing home sales race to more than 9-1/2-year high
WASHINGTON (Nov 23): US home resales rose in October to their highest level in more than 9-1/2 years as homebuyers, buoyed by an improving labor market, took advantage of still-low mortgage rates to snatch up properties after many were shut out during the
November 23, 2016
Judge blocks Obama rule extending overtime pay to 4.2 mil US workers
(Nov 23): A federal judge on Tuesday blocked an Obama administration rule to extend mandatory overtime pay to more than 4 million workers from taking effect, imperiling one of the outgoing president's signature achievements for boosting wages.
November 23, 2016
Global Markets
Asia-Pacific summit closes with call to work for free trade
LIMA, PERU (Nov 21): Leaders of 21 Asia-Pacific nations ended their annual summit Sunday with a call to resist protectionism amid signs of increased free-trade skepticism, highlighted by the victory of Donald Trump in the US presidential election.
November 21, 2016
Global Markets
World’s biggest comeback breathes life into Japan’s equity bulls
TOKYO (Nov 21): The global stock market’s biggest comeback story of 2016 isn’t over yet. So say Citigroup Inc., AllianceBernstein and Bordier & Cie, who all see further gains for Japanese shares after the Nikkei 225 Stock Average climbed more than 20%
November 21, 2016
Singapore economy
US-China investment ties are deeper than you might think
(Nov 17): Foreign direct investment flowing both ways between the US and China may be two to four times greater than shown by data from both governments.
November 17, 2016
Mapletree acquires US student accommodation portfolio
SINGAPORE (Nov 2): Mapletree Investments, the property arm of Singapore’s state investment fund Temasek Holdings, has acquired a portfolio of seven student accommodation assets located across six states in the US from Kayne Anderson Real Estate Advisors
November 02, 2016
China Focus
Gloomy China September trade data raises fears recovery may be faltering
BEIJING (Oct 13): China's September exports fell 10% from a year earlier, far worse than expected, while imports unexpectedly shrank after picking up in August, suggesting signs of steadying in the world's second-largest economy may be short-lived
October 13, 2016
Southeast Asia turns to the US as China exports drop
SINGAPORE (Oct 6): After years of looking to China as a source of growth, Southeast Asian countries are turning their attention back to the world’s largest economy on the other side of the Pacific Ocean.
October 06, 2016
Broker's Calls
DBS, CIMB join chorus of approval for GLP’s US$1.1bil acquisition
SINGAPORE (Sept 14): DBS Group Research and CIMB are keeping their “buy” and “add” recommendations on Global Logistic Properties (GLP) at target prices of $2.47 and $2.73 respectively.
September 14, 2016
Duterte seeks arms from China, ends joint patrols with US
(Sept 13): Philippine President Rodrigo Duterte said he’s considering buying weapons from Russia and China while also ending joint patrols with US forces in the South China Sea.
September 14, 2016