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What could be driving Singapore’s private home prices to an estimated five-year high?

SINGAPORE, July 2 — Despite talk of a possible recession and the global economic uncertainty, private property prices in Singapore have hit a five-year high. This is based on second quarter flash estimates published yesterday by the Urban…


Trump says did not threaten to demote Fed’s Powell in NBC interview

WASHINGTON, June 23 — US President Donald Trump said today on NBC’s ‘Meet the Press’ news program that he has the power to demote Federal Reserve Chairman Jerome Powell but has not threatened to do so. “I didn’t ever threaten to demote…


BoE warns risk of no-deal Brexit has increased

LONDON, June 20 — The prospect of Britain crashing out of the European Union without a deal has risen since last month, the Bank of England warned today, as it kept interest rates unchanged. “Domestically, the perceived likelihood of a no-deal…


US Fed sees case building for interest rate cuts this year

WASHINGTON, June 20 — The US Federal Reserve yesterday said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month, as it took stock of rising trade tensions and growing concerns…


No-deal Brexit chills send pound to a five-month low vs euro

LONDON, June 18 — Signs that arch-Brexiteer Boris Johnson may be a step closer to becoming Britain’s next prime minister sent the pound tumbling to a five-month low versus the euro today as investors worried about the risks of a hard exit from…


Fed likely to resist pressure to cut US rates this week

WASHINGTON, June 17 — The US Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a rate cut later…


US sanctions on Huawei send stocks reeling; yields fall

LONDON, May 16 — European stocks fell, government bond yields slipped and the Japanese yen firmed today after the US government hit Chinese telecoms giant Huawei with severe sanctions, further straining Sino-US trade ties. An index of European…


Asian shares win reprieve as Trump seen delaying auto tariffs

TOKYO, May 16 — Asian shares steadied today on news that US President Donald Trump is planning to delay tariffs on auto imports, providing much needed relief to markets hit by a flare-up in trade tensions and on weak US and and Chinese economic…


Sterling stuck at two-week low as investors await UK jobs data

LONDON, May 14 — Sterling hit a two-week low today ahead of UK employment data that investors will scrutinise for signs of how much British businesses are hurting from uncertainty over Brexit. While most economic data in Britain has been solid in…


Factories on the mend in April but still struggling

LONDON, May 2 — Global factory activity recovered a little last month but still appeared to be in the doldrums as demand remained weak and trade protectionism concerns prominent, while stimulus measures had yet to fully kick in. In the euro zone,…