US

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
Obama

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.
APEC summit

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.
Tokyo stocks

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%
China US flags

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.

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

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
US dollar

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.

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.

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.
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