Daily Dispatches: Singapore stays as Citi hub, despite global cuts

Singapore will retain its status as a regional hub for Citigroup even as the banking giant’s new chief executive introduces radical new measures globally, including 11,000 job cuts and a pull-back from some markets. (Today)

J.P. Morgan will relocate its Latin America CEO Nicolas Aguzin to Hong Kong to head the bank’s Asia-Pacific operations as part of a global management reshuffle. (Finance Asia)

An earnings growth of 5.5 per cent awaits DBS and UOB in 2013. (Asian Banking & Finance)

The insurance business on China’s mainland may grow slowly as life insurers face investment risk and keen competition while seeing lower operating margin in the non-life sector, Fitch Ratings said yesterday. (Shanghai Daily)

Starbucks expects China to become its largest market outside the US in 2014. (Wall Street Journal)


 
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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3614+0.0033+0.24%
    USDSGD=X
    1.5287+0.0051+0.33%
    EURSGD=X
    1.7666+0.0094+0.53%
    GBPSGD=X
    74.1240+0.0020.00%
    SGDJPY=X
    5.6950-0.0105-0.18%
    SGDHKD=X
    3.0389+0.0121+0.40%
    SGDMYR=X
    9,609.8623-45.6709-0.47%
    SGDIDR=X
    4.8980-0.0086-0.18%
    SGDCNY=X
    1.0372+0.0022+0.21%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,337.10-4.60-0.34%
    GCZ16.CMX
    19.61-0.20-1.01%
    SIZ16.CMX
    95.76-3.02-3.05%
    ^XAU
    2.20-0.01-0.25%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.15-0.02
    ^FVX
    1.62-0.02
    ^TNX
    2.34-0.01
    ^TYX

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  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.138+0.002+1.47%
    N21.SI
    0.144+0.001+0.70%
    5DM.SI
    0.74+0.02+2.78%
    BS6.SI
    0.44+0.02+4.76%
    5SO.SI
    0.265-0.005-1.85%
    5EC.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.20+0.02+9.89%
    43B.SI
    0.60+0.04+7.14%
    BDR.SI
    0.555+0.030+5.71%
    BJE.SI
    0.44+0.02+4.76%
    5SO.SI
    0.119+0.005+4.39%
    B9S.SI
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    % Losers
    NamePriceChange% Chg
    0.31-0.06-17.33%
    AZT.SI
    0.15-0.02-10.71%
    A04.SI
    0.123-0.013-9.56%
    5NF.SI
    0.171-0.018-9.52%
    AXH.SI
    1.525-0.090-5.57%
    BAI.SI