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
    1.4032-0.003-0.22%
    USDSGD=X
    1.5688-0.0058-0.37%
    EURSGD=X
    2.0227-0.006-0.29%
    GBPSGD=X
    82.1433-0.0576-0.07%
    SGDJPY=X
    5.5535+0.0127+0.23%
    SGDHKD=X
    2.9850+0.0065+0.22%
    SGDMYR=X
    9,734.8926-14.4473-0.15%
    SGDIDR=X
    4.6855+0.0105+0.22%
    SGDCNY=X
    0.9904-0.0054-0.55%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,190.00-7.90-0.66%
    GCJ16.CMX
    15.36-0.06-0.40%
    SIH16.CMX
    56.78+1.47+2.66%
    ^XAU
    2.090.00+0.05%
    HGH16.CMX
    29.96+0.27+0.91%
    CLH16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.15-0.10
    ^FVX
    1.74-0.11
    ^TNX
    2.56-0.12
    ^TYX

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    Most Actives
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    0.33+0.02+4.76%
    N21.SI
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    Z74.SI
    1.68+0.05+3.07%
    MC0.SI
    0.385+0.010+2.67%
    E5H.SI
    0.705+0.025+3.68%
    G13.SI
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    % Gainers
    NamePriceChange% Chg
    0.405+0.065+19.12%
    T4B.SI
    0.475+0.075+18.75%
    Y06.SI
    0.23+0.03+15.00%
    S9B.SI
    0.40+0.05+14.29%
    BJE.SI
    0.144+0.014+10.77%
    AWS.SI
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    MN5.SI
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    AWO.SI
    0.205-0.020-8.89%
    AYL.SI
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    A05.SI
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