Singapore’s Developers Move From Best to Worst (Dec 2013)

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Source: Bloomberg – Singapore’s Developers Move From Best to Worst

Notable excerpts:

Singapore’s developers posted the worst performance on the benchmark Straits Times Index (FSSTI) this year after recording the biggest gains in 2012 as property curbs drove home sales lower and slowed price gains.

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Dubai to Add Spot Gold Contract (Oct 2013)

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Source: WSJ – Dubai to Add Spot Gold Contract

Notable excerpts:

Dubai has been a gold-trading center in the Middle East for decades, but the market’s size has increased exponentially in recent years as the trade has expanded from traditional “souks” to the Dubai Gold & Commodities Exchange.

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Singapore Inks Direct Currency Trade, RQFII Quota With China (Oct 2013)

singapore

Source: Bloomberg – Singapore Inks Direct Currency Trade, RQFII Quota With China

Notable excerpts:

Singapore and China will introduce direct trading between their currencies, helping the city-state compete with Hong Kong and London as an offshore yuan hub.

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S’pore Ranked Third-Largest Foreign Exchange Centre In The World (Sep 2013)

singapore

Source: CNA – S’pore ranked third-largest foreign exchange centre in the world

Notable excerpts:

Singapore has been ranked the third-largest foreign exchange (FX) centre in the world in 2013, after London and New York.

This is a notch higher from its fourth place in the previous ranking in 2010.

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S’pore, Hong Kong To Be Hardest Hit If Credit Tightening Occurs (Sep 2013)

singapore

Source: CNA – S’pore, Hong Kong to be hardest hit if credit tightening occurs: DBS

Notable excerpts:

Banks with large property loan portfolios will face higher risks when interest rates start to rise — this as highly-leveraged households begin to have difficulty paying their mortgages.

Economists said this could lead to credit tightening by banks, and a hard landing for the property sector.

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