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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  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4044-0.0032-0.23%
    USDSGD=X
    1.4883-0.0006-0.04%
    EURSGD=X
    1.7626-0.0039-0.22%
    GBPSGD=X
    80.1920+0.13+0.16%
    SGDJPY=X
    5.5235+0.0127+0.23%
    SGDHKD=X
    3.1624-0.0002-0.01%
    SGDMYR=X
    9,486.4316-37.9033-0.40%
    SGDIDR=X
    4.8905+0.0127+0.26%
    SGDCNY=X
    1.0838-0.0017-0.16%
    AUDSGD=X
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    Commodities
    NamePriceChange% Chg
    1,255.20+3.80+0.30%
    GCJ17.CMX
    18.24+0.12+0.68%
    SIH17.CMX
    89.61-0.30-0.34%
    ^XAU
    2.66+0.02+0.78%
    HGH17.CMX
    54.16-0.29-0.53%
    CLJ17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.88-0.03
    ^FVX
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    ^TNX
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    ^TYX

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    N21.SI
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    41F.SI
    0.19-0.01-4.04%
    40F.SI
    0.1060.0000.00%
    5WA.SI
    0.181-0.004-2.16%
    40E.SI
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    % Gainers
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    0.535+0.215+67.19%
    AWC.SI
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    BQO.SI
    0.155+0.019+13.97%
    BKZ.SI
    0.36+0.04+12.50%
    P9J.SI
    0.505+0.055+12.22%
    T55.SI
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    0.23-0.04-14.81%
    N21.SI
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    1C0.SI
    0.11-0.01-9.84%
    BRR.SI
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    600.SI
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    BHO.SI