US

The global economy is better than you think
SINGAPORE (Apr 15): Gloom pervades the reports we read on the global economy. Data showing a slowdown is described breathlessly as the worst in so many months or years, giving a sense that things are just getting from bad to worse. Now, the International Monetary Fund has joined in and downgraded forecasts for global growth. But are things really that bad? In fact, we find five strong reasons why ...
US-China trade dispute likely to re-escalate after Mar 1, says Fitch Solutions
SINGAPORE (Jan 11): Fitch Solutions Macro Research is suggesting a high likelihood that the US-China trade dispute will re-escalate after Mar 1, due to disagreements over a number of outstanding key concerns. One such concern is a persistent lack of detail surrounding the planned increase in Chinese purchases of American goods and services, which have only been characterised as ...
Defiant Xi Jinping says no one can dictate reforms to China
BEIJING (Dec 18): President Xi Jinping said China would stick to its policy agenda, despite pressure from the US and others to allow more competition in its economic system and reduce support for state industry. Xi told an audience of party officials, military leaders and entrepreneurs in a speech Tuesday that “no one is in the position to dictate to the Chinese people what should and should ...
ST Engineering partners City of Pensacola to build $290 mil MRO complex in the US
SINGAPORE (Oct 29): ST Engineering has agreed to jointly develop a 655,000 sf airframe maintenance, repair and overhaul (MRO) complex at the Pensacola International Airport as part of the group’s capacity expansion for its MRO business in the US. The development will be undertaken by ST Engineering and the City of Pensacola over the course of four years and is expected to cost about ...
US, China agree to Asia defence rules to avoid air crashes
(Oct 20): Defence chiefs from the US and China agreed in principle to guidelines on encounters between warplanes, in the latest bid by Pacific nations to keep increased military activity from escalating into conflict. US Secretary of Defense James Mattis and seven other regional military chiefs, including China’s General Wei Fenghe, gave broad endorsement to the rules in Singapore on ...
Analysts see myriad opportunities in CapitaLand's US portfolio acquisition
SINGAPORE (Sept 19): CGS-CIMB Securities and DBS Vickers Securities are maintaining their “add” and “buy” calls on CapitaLand with the respective target prices of $3.55 and $3.62. This follows news of the group’s foray into the US multifamily property segment with its recent billion-dollar acquisition, which both research houses are positive on. In a Wednesday report, CGS-CIMB ...
CapitaLand acquires US portfolio of multifamily properties for $1.14 bil
SINGAPORE (Sept 18): CapitaLand has acquired a portfolio of 16 freehold, Class B multifamily properties in the US for US$835 million ($1.14 billion). The portfolio comprises 3,787 apartment units in the suburban communities of Seattle, Portland, Greater Los Angeles and Denver, the sale and purchase agreement was signed through unit CapitaLand International. This translates to a price per unit ...
Singapore added to Credit Suisse's preferred markets as 'the place to be' for equity investors
SINGAPORE (July 10): Credit Suisse says the Singapore market is the “place to be” for investors given it is trading at favourable valuations, offers a blend of cyclical exposure and is a beneficiary of higher interest rates. At present, the Singapore market has a 12-month forward P/E ratio of 12.4 times which is below the 10-year average of 13.3 times, thanks to the recent ...
Trade war won't be full blown; stay overweight on US, says DBS
SINGAPORE (July 2): Worries over trade tensions between the US versus China and Europe may have rattled markets in recent months, but DBS believes that a protracted, full-blown war is not likely to happen. “End of the day, this will be resolved, it will not be full blown. Everyone recognises the costs,” says the bank’s chief investment officer Hou Wey Fook (photo). Drawing reference ...
US weighs fresh China talks amid split on Trump trade team
WASHINGTON (June 22): Some White House officials are trying to restart talks with China to avoid a trade war before US tariffs on Chinese products take effect July 6, three people familiar with the plans said, setting up a battle with others in the administration who favor a harder line. Staff of the National Economic Council have contacted former US government officials and China experts in ...