Japan alarmed over recent FX moves, its finance minister says
Authorities have been alarmed over recent foreign exchange moves, after the yen fell to four-month lows against the US dollar.
More than $1.7 million lost in scams using fraudulent mobile apps
Victims were told to download and set up accounts on fraudulent mobile apps such as Dyreka, M Tree PE, Saftools and Tik StoreB2B.
Most Singaporeans are unprepared and underinsured for long-term care: Singlife
While long-term care costs close to S$3,000 a month on average, the insurance provider finds that more than half of those surveyed underestimate the amount
Economists split on Singapore monetary policy after surprise growth
It adjusts policy via three levers: the slope, mid-point and width of the policy band. Maybank economists expect MAS to maintain policy given the improved economic outlook.
HDB resale price growth moderates in Q2, more flats sold
This marked the third consecutive quarter of a moderation in price growth, and is the lowest quarter-on-quarter growth since the second quarter of 2020,
GIC posts 3.8% annualised real return over 20 years despite economic uncertainties
Without adjusting for inflation, GIC’s annualised return came in at 5.7 per cent over the same 20-year period. This is expressed in US dollars.
BOJ sees trade deal as raising chance of meeting inflation goal
"Given the receding uncertainty, by definition it can be said that the likelihood of Japan durably achieving 2 per cent inflation has heightened," Uchida told a news conference.
New tie-up offers insurance savings for SMEs committed to workers’ health and well-being
An SME with 50 employees would typically spend around $650 per person annually for basic coverage. The 10 per cent discount would translate to $3,250 in savings in the first year.
US companies, consumers are paying for Trump’s tariffs, not foreign firms
Import prices excluding fuel were up notably in June, suggesting foreign companies are not shouldering the burden by offering US firms lower prices – challenging the President’s claims that other countries pay the rate.
Australia central bank wary of cutting rates too quickly, prudent to await more data
The RBA surprised markets by holding interest rates steady at the meeting in a rare split of six to three, saying the majority of the board wanted to wait for more information
Trump says Fed’s Powell will be out in 8 months, calls him a ‘numbskull’
Mr Powell’s term as Fed chair runs through May 15, 2026, and he has repeatedly said he will not leave the post early. Eight months would mean Mr Powell would remain in place until mid-March;
New Silk Road, one of Singapore’s longest-running hedge funds, shuts after US investor pullback
The firm, started by two finance veterans about 16 years ago, saw assets under management plummet to US$615 million (S$787 million) as at December 2024, from almost US$2 billion as recently as 2021.