By Leika Kihara TOKYO (Reuters) – Planned new U.S. tariffs could have a huge impact on world trade, Bank of Japan Governor Kazuo Ueda said on Wednesday, warning of a possible hit to global growth hours before President Donald Trump is set to unveil reciprocal tariffs. The expected move will come on top of U.S....
If the stock market is a country’s report card, Singapore is currently outperforming of the US today. Last Friday, the NASDAQ Composite (^IXIC) closed 14.3% below its peak, putting the index in correction territory. At the same time, Singapore’s Straits Times Index (SGX: ^STI) or STI broke past the 4,000 mark for the first time...
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks stuttered on Wednesday, while the safe-haven gold was stuck near record highs as a nervous world awaited details of U.S. President Donald Trump’s tariff plans, with investors fretting about the risks of an intensifying global trade war. Investor focus in recent weeks has been firmly on the...
By Rae Wee SINGAPORE (Reuters) -The dollar firmed a touch and other currencies held tight ranges on Wednesday as traders anxiously awaited details of U.S. President Donald Trump’s tariff plans later in the day that could set the tone for markets in the near term. The euro last bought $1.0792 while sterling steadied at $1.2924,...
TOKYO (Reuters) – Japan Finance Minister Katsunobu Kato said on Monday that he would communicate closely with U.S. Treasury Secretary Scott Bessent on foreign exchange, pointing out that close dialogue is important for market stability. Kato made the comment to parliament when asked how he would communicate with Bessent, as President Donald Trump’s aggressive tariff...
By Ashitha Shivaprasad (Reuters) – Gold prices on Monday soared above $3,100 per ounce for the first time as concerns around U.S. President Donald Trump’s tariffs and the potential economic fallout, combined with geopolitical worries, drove a fresh wave of investments into the safe-haven asset. Spot gold prices hit a record high of $3,106.50 per...
HONG KONG (Reuters) -Shares of CK Hutchison <0001.HK> fell as much as 4.7% on Monday after China state media criticised the Hong Kong conglomerate’s Panama port deal and sources said the deal, which was expected to be signed on April 2, would be delayed. Chinese state media attacked CK Hutchison’s plan to sell its ports...
By Kevin Buckland TOKYO (Reuters) – The safe-haven Japanese yen rose on Monday while gold pushed to a fresh all-time peak as traders worried that U.S. President Donald Trump’s tariffs will ignite inflation and crimp economic growth. Markets are nervous ahead of a new round of reciprocal levies that the White House is due to...
WASHINGTON (Reuters) – U.S. President Donald Trump said on Saturday he did not warn car industry executives against raising prices as tariffs on foreign-made autos come into force, telling NBC News he “couldn’t care less” if they do. The White House has been preparing to impose new tariffs on a range of consumer goods on...
This week we took a look at Frasers Centrepoint Trust’s (SGX: J69U) latest acquisition of Northpoint City’s South Wing and the selling off of DFI Retail Group’s (SGX: D01) Singapore Food Division to see what the implications are for investors and highlight key things investors should know. Reliable Singapore stocks were also in the spotlight...
