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
    1.3526+0.0038+0.28%
    USDSGD=X
    1.4923+0.0012+0.08%
    EURSGD=X
    2.1087+0.0041+0.19%
    GBPSGD=X
    90.6752-0.1941-0.21%
    SGDJPY=X
    5.7330-0.0152-0.27%
    SGDHKD=X
    2.8222-0.0139-0.49%
    SGDMYR=X
    9,823.8545-28.6074-0.29%
    SGDIDR=X
    4.5930-0.0103-0.22%
    SGDCNY=X
    1.0113-0.0003-0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,168.30-6.00-0.51%
    GCV15.CMX
    15.70-0.11-0.69%
    SIZ15.CMX
    63.50+0.86+1.36%
    ^XAU
    2.53-0.01-0.39%
    HGU15.CMX
    53.05+0.52+0.99%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.55-0.10
    ^FVX
    2.28-0.12
    ^TNX
    3.07-0.12
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.166-0.006-3.49%
    5GB.SI
    0.305+0.010+3.39%
    5WA.SI
    0.165-0.003-1.79%
    5DN.SI
    0.710.00-0.70%
    N21.SI
    2.50-0.02-0.79%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.18+0.03+16.13%
    P07.SI
    0.235+0.025+11.90%
    5OY.SI
    0.24+0.02+11.63%
    AZW.SI
    0.21+0.02+7.69%
    5G1.SI
    0.215+0.015+7.50%
    5CF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.785-0.245-23.79%
    AXL.SI
    0.182-0.028-13.33%
    AZR.SI
    0.11-0.01-9.09%
    510.SI
    1.145-0.095-7.66%
    S44.SI
    1.37-0.10-6.80%
    AYB.SI