Posts by Stephanie Irvin
Fed’s Waller still open to cutting interest rates later this year
[NEW YORK] US Federal Reserve governor Christopher Waller said on Monday (Jun 2) that interest rate cuts remain possible later this year even with the Trump administration’s tariffs likely to push up price pressures temporarily. Given that a rise in inflation pressures tied to US President Donald Trump’s import tax increases is unlikely to be…
Read MoreGold prices climb on softer US dollar, Trump’s fresh tariff threat
Investors now see a 50-basis-point rate cut by the US Federal Reserve this year, starting in October Published Mon, Jun 2, 2025 · 10:01 AM [BENGALURU] Gold prices climbed on Monday (Jun 2)as US President Donald Trump threatened to double tariffs on imported steel and aluminium, while a weaker US dollar also supported greenback-priced bullion.…
Read MoreMorgan Stanley sees dollar falling 9% on slowing US growth bets
[SINGAPORE] The US dollar will tumble to levels last seen during the Covid-19 pandemic by the middle of next year, hit by interest rate cuts and slowing growth, according to predictions by Morgan Stanley. A popular gauge of the US dollar will fall around 9 per cent from current levels by around this time next…
Read MoreBig Tech is back in S&P 500 driver’s seat as profit engines hum
[SAN FRANCISCO] The same technology giants that helped drag the S&P 500 to the brink of a bear market in April are giving the recovery in US equities some legs. Nvidia put a bow on a better-than-expected earnings season for Big Tech last week by delivering a strong outlook for revenue, despite US restrictions on…
Read MoreOil advances as Opec+ supply boost vies with geopolitical risk
Published Mon, Jun 2, 2025 · 08:02 AM [SINGAPORE] Oil gained as a third straight production increase by the Organization of the Petroleum Exporting Countries and its allies (Opec+) vied with heightened geopolitical risk in Ukraine and Iran. Brent crude for August rose as much as 2.1 per cent to US$64.09 a barrel, after losing…
Read MoreAsia’s coal-reliant steel giants stall green transition: panellists
[SINGAPORE] Asia’s steel giants are slowing the global green transition, as top producers China and India drag their feet on decarbonisation amid high costs and weak market demand – stalling progress in one of the world’s top-emitting industries. During a panel discussion at Singapore International Ferrous Week last week, Claire Chong, senior analyst at shipbroker…
Read MoreTrump’s tariffs, ‘big beautiful Bill’ may do more for the Singapore market than the MAS review group
[SINGAPORE] When news broke early last Thursday (May 29) morning that a US federal court had struck down most of President Donald Trump’s sweeping tariffs, I was almost done selling a portfolio of US stocks that I had held since the global financial crisis. With a tinge of seller’s remorse, I watched markets in Asia…
Read MoreChinese economy stays challenged but some consumer stocks offer potential: BOA
[SINGAPORE] While headwinds persist for the Chinese economy and consumer confidence stays low, a select range of stocks could defy broader market trends and outperform their peers, said the Bank of America (BOA). Despite improved market sentiment, the Chinese economy remains saddled by challenged consumption growth and elevated youth unemployment alongside deflationary pressures, BOA analysts…
Read MoreEmirates will keep A380 jumbo flying until end of next Decade
Emirates is already pouring billions into a refresh of its fleet of A380s as it seeks to extend the jumbo jets’ lifespan Published Sun, Jun 1, 2025 · 05:56 PM [DUBAI] Emirates plans to keep its giant fleet of Airbus SE A380 double-deckers in operation until the end of next decade, as the world’s largest…
Read MoreS-Reits with Singapore office assets post resilient Q1 2025 amid positive rent reversions and high occupancy
[SINGAPORE] Singapore-listed office real estate investment trusts (S-Reits) reported a broadly resilient performance in the first quarter of 2025, underpinned by positive rental reversions, stable occupancy, and continued demand for prime office space despite macroeconomic uncertainties. The six S-Reits with Singapore office exposure – CapitaLand Integrated Commercial Trust (CICT), Mapletree Pan Asia Commercial Trust (Mpact),…
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