US

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 ...
US-China trade spat to have limited impact on Mapletree Logistics Trust's earnings, says OCBC
SINGAPORE (June 21): OCBC Investment Research is maintaining its “buy” call on Mapletree Logistics Trust (MLT) with a lower fair value estimate of $1.34 compared to $1.44 previously, after raising its discount rate assumption to 8.2% from 7.8%. This stems from OCBC adopting a more conservative stance on the REIT, in view of uncertainties and negative sentiment surrounding ongoing ...
Global economic growth is expected to rise, but it might not bode well for investors
SINGAPORE (Apr 4): Schroders is raising its global growth forecasts for the next two years on the back of buoyant economic activity, but warns of uncertainty for investors amid a corresponding rise in interest rates. “Donald Trump’s plan to boost the US government’s spending by $300 billion has added fuel to a US and global economy already firing on all cylinders,” says Keith Wade, ...
Market volatility expected to rise as trade wars loom
SINGAPORE (Mar 29): Concerns about trade tensions seemed to ease early this week on news that China and US officials are negotiating ways to reduce trade imbalances. But investors should not break out the champagne just yet. It is not so much the threat of a trade war that has put the market in risk-off mode. What has been more worrying is the difficulty of predicting what happens ...
Singapore sees Asia as a growth favourite despite trade war fears
SINGAPORE (Mar 28): Asia remains a growth favorite for businesses and investors even if tensions between the US and China escalate into a full-blown trade war, according to Singapore’s Economic Development Board. “Singapore is very fortunate, Asian countries in general are very fortunate because we are in the middle of a growth engine,” Beh Swan Gin, chairman of the EDB, said in an ...
China asks US to offset trade loss due to metal tariffs
GENEVA (Mar 27): China asked the US to provide compensation for lost trade due to President Donald Trump’s proposed tariffs on steel and aluminum, in a preliminary step that could lead to a dispute between the two nations at the World Trade Organization. In two filings with the WTO on Monday, China dismissed the US assertion that the metal tariffs were instituted on national security ...
US & South Korea reach agreement on trade, steel tariffs
SEOUL/WASHINGTON (Mar 26): The US and South Korea reached an agreement on revising the allies’s six-year-old bilateral trade deal and President Donald Trump’s plan to impose tariffs on imported steel, Treasury Secretary Steven Mnuchin said. Mnuchin said US Trade Representative Robert Lighthizer reached “a very productive understanding” with South Korea on the tariffs to reduce imports ...
White House eyes tariff exemptions on national security grounds
WASHINGTON (Mar 8): The US may exempt countries based on national security considerations from steep tariffs on steel and aluminum imports that President Donald Trump plans to impose, White House Press Secretary Sarah Sanders said Wednesday. “There are potential carve outs for Canada and Mexico based on national security and possibly other countries as well. That would be a case-by-case and ...