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
    1.3642+0.0008+0.06%
    USDSGD=X
    1.5086+0.0003+0.02%
    EURSGD=X
    2.1292+0.0003+0.01%
    GBPSGD=X
    90.5166-0.1395-0.15%
    SGDJPY=X
    5.6814-0.0036-0.06%
    SGDHKD=X
    2.7907-0.0003-0.01%
    SGDMYR=X
    9,868.2412+18.2236+0.19%
    SGDIDR=X
    4.5516-0.0026-0.06%
    SGDCNY=X
    0.9989-0.0024-0.24%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,095.80-0.40-0.04%
    GCQ15.CMX
    14.68+0.03+0.23%
    SIU15.CMX
    47.47+0.81+1.73%
    ^XAU
    2.42+0.01+0.60%
    HGU15.CMX
    47.88-0.10-0.21%
    CLU15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.59+0.01
    ^FVX
    2.25+0.02
    ^TNX
    2.96+0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.310.00-1.59%
    5WA.SI
    0.136-0.005-3.55%
    5DN.SI
    0.585-0.010-1.68%
    N21.SI
    0.340.000.00%
    E5H.SI
    0.845+0.015+1.81%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.134+0.018+15.52%
    40F.SI
    0.39+0.04+11.43%
    42E.SI
    1.10+0.10+10.00%
    AXL.SI
    0.18+0.02+9.09%
    AVX.SI
    0.55+0.05+8.91%
    P19.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.345-0.205-37.27%
    BBQ.SI
    0.34-0.06-16.05%
    AZU.SI
    0.24-0.04-14.29%
    AWS.SI
    0.092-0.013-12.38%
    O05.SI
    0.17-0.02-10.53%
    F9M.SI