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
    1.4184-0.0001-0.01%
    USDSGD=X
    1.5292+0.0179+1.18%
    EURSGD=X
    1.8060+0.0038+0.21%
    GBPSGD=X
    80.0810+0.349+0.44%
    SGDJPY=X
    5.4655+0.0043+0.08%
    SGDHKD=X
    3.1300+0.0041+0.13%
    SGDMYR=X
    9,483.8525-43.8984-0.46%
    SGDIDR=X
    4.8385-0.0101-0.21%
    SGDCNY=X
    1.0618+0.0046+0.44%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,175.00-0.10-0.01%
    GCZ16.CMX
    16.81+0.05+0.31%
    SIZ16.CMX
    82.97+0.67+0.81%
    ^XAU
    2.69+0.07+2.75%
    HGZ16.CMX
    51.92+0.24+0.46%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.82-0.01
    ^FVX
    2.37-0.02
    ^TNX
    3.04-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.167+0.006+3.73%
    N21.SI
    2.28+0.12+5.56%
    MC0.SI
    0.101-0.005-4.72%
    5I0.SI
    0.38+0.01+4.11%
    5ME.SI
    0.195+0.012+6.56%
    SK3.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.23+0.02+9.52%
    BTF.SI
    0.485+0.040+8.99%
    43F.SI
    0.122+0.010+8.93%
    C9Q.SI
    0.46+0.03+8.24%
    P19.SI
    0.195+0.012+6.56%
    SK3.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.155-0.050-24.39%
    K22.SI
    0.215-0.020-8.51%
    RE4.SI
    1.12-0.09-7.44%
    5SR.SI
    0.68-0.04-5.56%
    564.SI
    1.04-0.06-5.02%
    AYN.SI