Brexit

As central banks cut rates, beware of liquidity traps, says OCBC's Lee

(Nov 18): A decade of playing vigorous sports, coupled with poor sleeping and working habits, slowly resulted in a slip-disc problem for Howie Lee that required surgery.

Similarly, events such as the US-China trade war, Brexit, the unrests in Hong Kong, tepid growth even amid a low interest rate environment in many economies did not occur overnight. Rather, their genesis can be traced to the global financial crisis, says Lee, an economist at Oversea-Chinese Banking Corp, speaking at a recent forum organised by The Edge Singapore.

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Johnson suffers surprise blow to campaign as Morgan quits ahead of UK election battle

(Oct 31): Boris Johnson suffered a surprise blow to his election campaign on day one of the contest when senior Cabinet minister Nicky Morgan announced she was quitting politics.

Morgan, the culture secretary, said members of Parliament had suffered “abuse” and that her family had faced pressure because of her role in public life. She said she would continue to support Johnson in the election taking place on Dec 12.

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Boris Johnson eyes election after Parliament forces Brexit delay

(Oct 23): Boris Johnson looked set to try for an election, after Parliament blocked his plan to rush the Brexit deal into law.

A day of threats and promises from Johnson ended with an official in his office warning that if the European Union agreed to a request from the British Parliament that Brexit be delayed until Jan 31, then the prime minister would call an election instead.

Briefs

SINGAPORE (Oct 21): “Where there is a will, there is a #deal — we have one!”Jean-Claude Juncker, president of the European Commission, following the European Union’s draft Brexit deal with the UK.

UK, EU agree on ‘great new’ Brexit deal

The British pound rallied and UK stocks turned higher as Britain and the European Union finally reached a historic Brexit deal on Oct 17.

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UK, EU agree on 'great new' Brexit deal

SINGAPORE (Oct 17): The British pound rallied and UK stocks turned higher as Britain and the European Union on Thursday finally reached a historic Brexit deal.

“Where there is a will, there is a deal – we have one!” says European Commission President Jean-Claude Juncker. “It’s a fair and balanced agreement for the EU and the UK and it is testament to our commitment to find solutions. I recommend that [the EU summit] endorses this deal.”

Investor confidence ticks up in September but still too early to get excited, says State Street

SINGAPORE (Sept 26): Investor confidence has edged up in September, according to the Investor Confidence Index (ICI) released Thursday by State Street Global Markets. But the financial services provider says it is not yet time to celebrate.

Globally, investor confidence rose 3.3 points to 80.1 in September, from August’s revised reading of 76.8.

The improvement of sentiment was driven by an 18.5 point rise in the European ICI to 107.6.

Meanwhile, the North American ICI further declined from 73.5 to 71.8, and the Asian ICI decreased from 89.3 to 87.4.

Briefs

SINGAPORE (Sept 9): “Take an interest in the world around you. Read the newspapers. You must have an interest in the world. And you must understand how we fit in.” — Prime Minister Lee Hsien Loong to students at the Singapore University of Social Sciences, on what it takes to be a leader

China and US to resume trade talks

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Wounded Johnson's Brexit plan in tatters as election fight looms

(Sept 4): UK Prime Minister Boris Johnson began moves to trigger a snap general election after suffering a humiliating defeat for his Brexit strategy that left his ruling party in tatters.

A fresh poll to choose a new government would mark the climax of the political chaos that has engulfed Britain for the past three years since the country voted narrowly to leave the European Union in a referendum in 2016.

Hong Kong turmoil, Brexit roil Temasek's US$3 bil Watson sale

(Sept 3): Temasek Holdings’ sale of a US$3 billion ($4.2 billion) stake in retailer AS Watson Group has been derailed under the twin pressures of Brexit and the anti-government protests rocking Hong Kong, people with knowledge of the matter said.

Briefs

SINGAPORE (Sept 2): “What Elon Musk wants to produce is a lifestyle. We are not interested in a lifestyle. We are interested in proper solutions that will address climate problems.” Masagos Zulkifli, Singapore’s minister for environment and water resources, rebutting Tesla boss’ criticisms that Singapore is slow to adopt electric vehicles.

Hyflux denies deal with Utico — in yet another clarification

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