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
    1.4201-0.0045-0.32%
    USDSGD=X
    1.5253+0.0033+0.22%
    EURSGD=X
    1.7641+0.005+0.28%
    GBPSGD=X
    80.0080-0.159-0.20%
    SGDJPY=X
    5.4611+0.0221+0.41%
    SGDHKD=X
    3.1269+0.009+0.29%
    SGDMYR=X
    9,414.6475-22.0977-0.23%
    SGDIDR=X
    4.8211+0.00020.00%
    SGDCNY=X
    1.0748-0.0011-0.10%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,215.40+13.90+1.16%
    GCG17.CMX
    17.19+0.19+1.14%
    SIH17.CMX
    88.68+1.12+1.28%
    ^XAU
    2.65+0.04+1.70%
    HGH17.CMX
    52.33+0.96+1.87%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.94-0.01
    ^FVX
    2.47+0.01
    ^TNX
    3.05+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.173+0.001+0.58%
    N21.SI
    0.183+0.001+0.55%
    40E.SI
    0.420.00+1.20%
    5ME.SI
    0.173+0.003+1.76%
    5DM.SI
    2.64+0.01+0.38%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.28+0.04+16.67%
    BLZ.SI
    0.26+0.03+13.04%
    PH0.SI
    0.33+0.03+8.20%
    K29.SI
    0.240.000.00%
    BDU.SI
    0.88+0.04+4.76%
    E16.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.34-0.10-22.73%
    AWC.SI
    0.285-0.075-20.83%
    5DO.SI
    0.375-0.095-20.21%
    BLL.SI
    0.09-0.01-11.76%
    BRR.SI
    0.15-0.01-5.06%
    M11.SI