global economy

Global Economy

OECD reports record fall of 3.4% in G20 GDP for 1Q20

SINGAPORE (June 11): The Organization for Economic Cooperation and Development (OECD) announced that the real gross domestic product (GDP) across the G20 countries fell by 3.4% in 1Q20 due to the c

Broker's Calls

CGS-CIMB initiates coverage on Innotek with 'buy' on strong balance sheet, attractive yields

SINGAPORE (June 11): CGS-CIMB Research analyst William Tng has initiated coverage on mainboard-listed precision metal part maker Innotek with an “add” call and target price of 57.9 cents, represent

Global Economy

World economy will shrink by 6% in 2020, according to OECD forecast

(June 10): The OECD sees a 6% global economic slump this year and warned that the impact of the coronavirus pandemic on businesses and the most vulnerable will require extraordinary government acti

Global Economy

S&P 500 erases 2020 losses with historic rally on easing lockdowns

(June 9): The torrid rally in U.S. stocks pushed the S&P 500 into the green for the year as easing lockdowns bolstered economic optimism. The dollar fell.

Global Economy

The new economic order

Fidelity International believes the Covid-19 crisis will trigger a step-change in policy, accelerate existing trends and transform investment frameworks.

Tong's Portfolio

From a sharing to a no-sharing economy?

(June 5): The short answer is, no, it will not happen. The secular change to the sharing economy, with its benefits to costs and convenience, will return.

Special Event

Generous government rescue packages but no stopping global recession, says CIMB's Song Seng Wun

SINGAPORE (June 5): The International Monetary Fund (IMF) is calling the “Great Lockdown Recession”, which was triggered by the Covid-19 pandemic, “the worst downturn in nearly a century”.

Special Event

Bear market rally on thin ice as geopolitics will hurt more than Covid-19, says Azure Capital’s Terence Wong

SINGAPORE (June 5): During the first month of lockdowns around the world back in January, Azure Capital’s CEO Terence Wong noted that global stock markets tumbled by over 30%.

Global Economy

BNP Paribas downbeat on 2H outlook as policy measures to spur economy may backfire

SINGAPORE (June 3): Policy measures undertaken by governments and central banks may not have their desired effect to mitigate the economic impact of the novel coronavirus (Covid-19) pandemic, warns

Global Economy

Falling regional trade to continue as global recession looms: Oxford Economics

(May 29): Signs of weakness in global economies and trading patterns have become more pronounced in April, with real merchandise exports in the Asian region dipping 5.5% in USD terms. 

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