Gold gains on Trump tariff worries; US inflation data in focus
GOLD prices edged higher on Thursday (Feb 27) as concerns persisted over US President tariff plans, while investors awaited a key inflation report to assess the Federal Reserve’s policy path.
More HDB flat upgraders made the leap to private housing in 2024
A total of 5,420 new and resale non-landed private homes were bought by those with HDB addresses in 2024, up 7.1 per cent from 5,060 in 2023, according to PropNex.
Bitcoin tumbles under $90K amid ETF sell-off, mounting liquidations
Bitcoin’s price has fallen by over 6.2% in the six days since the ETFs began their six-day selling spree on Feb. 18.
US consumer confidence posts biggest drop in over 3 years
Tariffs on imports, which Trump has already imposed or is planning to, have been singled out as the major issue in almost every survey of households and businesses.
Scam victims in Singapore lose record $1.1 billion in 2024; highest number of cases ever reported
Overall, the amount lost to scams in 2024 is around 70 per cent higher than the $651.8 million that scammers took in 2023, said police in releasing the annual scam figures on Feb 25.
S’pore core inflation falls sharply in January to 0.8% as price rises ease, CPI is rebased
The sharp drop in core inflation beat economists’ expectations, with some saying prices will continue to be contained in the months ahead, although they warn about the effects of US tariffs.
Australia’s central bank cuts rates for the first time in four years, flags economic uncertainties
The RBA cut rates by 25 basis points to 4.10% on Tuesday, marking its first easing since November 2020,
How Gen Zs and millennials can build their retirement nest eggs
Ms Lorna Tan, head of financial planning literacy at DBS, says: “Financial planning does not have to be daunting. It is about taking small, achievable steps to build a more secure future.”
Cryptocurrency theft of £1.1bn could be biggest ever
The scale of the theft would exceed a previous record, which was a $620m (£490m) heist of Ethereum and USD Coin from the Ronin Network in 2022.
Budget 2025 seen benefiting banks, retail, new energy, AI, underpinning SGX
Tax incentives will also be introduced to encourage Singapore-based companies and fund managers to list here and strengthen the appeal of Singapore Exchange.
Ethereum transaction fees plummet 70%, hitting lowest levels since 2020
While falling fees typically encourage user activity, the extent of this drop, represented by a prolonged decline, suggests a broader lack of demand
Fed rate cuts on hold until US inflation improves, minutes show
The minutes from the central bank’s Jan 28-29 meeting suggest the hiatus is likely to be a long one.