recession

Trump should not spend like economy in crisis: Fed officials

St. Louis Fed President James Bullard

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 government.

Fed officials worry there is risk that overly aggressive fiscal, tax and other changes could become inflationary given the economy's current strength.

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. This is because while the research house thinks overall earnings growth is likely to be in the single-digit range in 2017, it will still fare better than the estimate flat growth for 2016.

US and global economy in late business cycle but no recession for next six months

SINGAPORE (Oct 6): The US or global economy appears unlikely to be heading to a recession, despite indicators pointing to a late phase in the business cycle and with the threat of monetary policy tightening looming in the horizon.

This is what David Lafferty, chief market strategist, Natixis Global Asset Management, expects because he says the traditional business cycle framework may no longer be the best way to analyse trends for signs of recession.

You may be sitting on a goldmine if you own this stock

SINGAPORE (Sept 15): Phillip Securities is initiating coverage on CNMC Goldmine Holdings, the first goldminer to be listed on SGX’s Catalist board in 2011, with a “buy” rating and a target price of $1.03.

CNMC Goldmine is engaged in gold production and related businesses such as exploration, mining, and the processing of ore into gold ores.

India remains BlackRock’s largest ‘overweight’

SINGAPORE (Sept 7): Blackrock says India remains its largest “overweight” in terms of credit while it continues to be “overweight” and “neutral” in Indonesia and China respectively.

In a Wednesday report, BlackRock says it continues to be constructive in taking risk and is “overweight” both in credit and in duration in select local bond markets, with expectations that supply in the primary market will pick up. As such, the fund manager has begun accumulating cash in anticipation of such an event.

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