recession

Winter is coming, but spring will follow
SINGAPORE (May 13): In Westeros, the setting for HBO’s smash fantasy TV show Game of Thrones, seasons can last for years, even generations. The series begins at the end of a nine-year-long summer, with Westeros’ residents having grown fat off the bounty of the land. But winter is coming, as it always does. An age-old threat rises again from the icy lands of the North, and those who are ...
Are we headed for another recession?
SINGAPORE (Sept 7): The outcome of the Global Financial Crisis (GFC) has altered the business and economic landscape — for better or worse. First, tighter regulations in the financial services industry were introduced in the US, including the Dodd-Frank Wall Street Reform and Consumer Protection Act enacted in 2010. Globally, including in Singapore, Basel III required banks to have higher ...
Rapidly flattening yield curve a recession danger sign, says NY Times
(June 27): The so-called yield curve is perilously close to predicting a recession -- something it has done before with surprising accuracy -- and it’s become a big topic on Wall Street, says The New York Times. The yield curve is basically the difference between interest rates on short-term US government bonds, say, two-year Treasury notes, and long-term government bonds, such as 10-year ...
UBS positive on equities as global growth momentum continues
SINGAPORE (Dec 5): UBS is forecasting global economic growth to continue its positive momentum over the past year through to 2018, with little evidence of an impending slowdown. In UBS House View Year Ahead 2018, UBS' Global Chief Investment Office Wealth Management unit looks back on “particularly impressive” expansion in 2017 as demonstrated in the US, Eurozone, China, Japan, Russia and ...
ValueMax started at ‘buy’ on future earnings growth, higher interest rate environment
SINGAPORE (Sept 7): KGI Securities has initiated coverage on ValueMax at “buy” with a target price of 39 cents, based on a price-to-book (P/B) ratio of 1.15 times FY17F estimates and in view of robust future earnings growth as well as a lower-for-longer interest rate environment. The group operates pawnbroking and moneylending services, as well as deals in the retail and trading of ...
Danger Down Under: Yields drop with iron to fuel recession talk
SYDNEY/TOKYO (June 2): Whether or not the land Down Under snaps its two-decade-long streak without a recession, a glance at the charts shows this past week has been a "septima horribilis" (to purloin and tweak from Queen Elizabeth II) for the world's 13th-largest economy. Iron ore is declining again amid worrying signs that China is wobbling, businesses are reluctant to borrow ...
Australia's AAA rating is back under the microscope
SYDNEY (May 9): Australia’s AAA rating is again under the microscope as the government prepares to deliver a budget Tuesday that appears long on spending pledges and short on savings. Of the 10 holders of the top score from the three main rating companies, Australia is the only one that’s increased its debt pile in the past three years. S&P Global Ratings put Australia on negative ...
'Recession-proof' student housing attracts Singapore investors
SINGAPORE (April 20): GIC and Mapletree Investments are going back to school. Singapore’s sovereign wealth fund and the city-state-based real estate investor helped fuel a record US$16.2 billion of student-housing acquisitions last year, and a further US$3.3 billion of deals were struck in the first quarter of 2017, according to Real Capital Analytics Inc. Student accommodation offers ...
Trump should not spend like economy in crisis: Fed officials
PHOENIX (Dec 6): Federal Reserve officials cautioned on Monday that the incoming Trump administration's economic plans should not be cast as if the economy is in crisis, but instead be designed to help the economy's long-run prospects. The comments reflected a developing debate within the Fed over the impact of president-elect Donald Trump's leadership of a Republican-controlled ...
10 stock picks to guide you through a lacklustre 1H17
SINGAPORE (Nov 28): With the Singapore market being dragged down this year by events such as Brexit and the US presidential elections, OCBC Investment Research expects the lacklustre sentiment to continue at least into 1H17 as corporate earnings and economic outlook remain subdued. A full-blown recession is unlikely for Singapore’s economy, says OCBC analyst Carmen Lee in a Monday report. ...