Finance

Iran seeks more aircraft as sanctions are lifted
By Martha Soezean Published on by Martha Soezean 0

Iran is looking to order dozens more jets worth around US$50 billion with Airbus and Boeing, said Iranian officials and Western industry sources. This announcement follows the end of international sanctions against Iran in January after it reached a nuclear deal with US and other Western powers. Read More

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China GDP beats expectations, showing signs of stabilization
By The Online Citizen Published on by The Online Citizen 0

By Margaret Yang, CMC Markets  China announced its 2Q GDP data on Friday. Its economy grew at an annualized pace of 6.7%, unchanged from the previous quarter, and higher than the market’s expectation of 6.6%. Although this is still the slowest pace of Read More

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Google faces charges from EU antitrust regulators for abusing of its market position, the third time
By Neyla Zannia Published on by Neyla Zannia 0

Google is facing a charge from the European Commission saying that the search giant is abusing monopoly power. This is the third charge that has been placed in just a little more than a year. EU Antitrust Commissioner Margrethe Vestager addressed the media Read More

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Problem is not with SMRT but the privatisation of the public transportation sytem
By The Online Citizen Published on by The Online Citizen 0

By Chris Kuan I am sure that Desmond Quek, SMRT CEO will get a round of condemnation from social media by saying this “Despite the steady increase in non-fare earnings, this trend of declining profitability is expected to persist under the current financing Read More

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BOE keeps rates unchanged, Chinese GDP data in focus
By The Online Citizen Published on by The Online Citizen 0

By Margaret Yang, CMC Markets Last night, the Bank of England decided to hold the base rate unchanged at 0.5%, in contrast to the market’s expectation of the first rate cut in over seven years. As a result, sterling rebounded sharply right after Read More

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Singapore Airline clinched the third best airline at Skytrax World Airline Awards
By Neyla Zannia Published on by Neyla Zannia 0

Often referred to as the “Oscars of the aviation industry”, the Skytrax World Airline Awards was held at the Farnborough International Airshow in Hampshire, England, on July 12. This prestigious award enthroned Singapore Airline (SIA) as the third best airline in the world and Read More

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Dismal China trade balance shadows Asia markets
By The Online Citizen Published on by The Online Citizen 0

By Margaret Yang, CMC Markets China’s June export and imports both fell more than expected, putting pressure on commodities and equity markets after a four-day rally. Exports in June dropped 4.8% whereas imports shrank by 8.4%, showing that global demand is still soft Read More

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Reduced political uncertainty lifts equities, gold retraces
By The Online Citizen Published on by The Online Citizen 0

By Margaret Yang, CMC Markets The market embraced a risk-on rally for a third day, as US equities hit fresh record highs and European and Asian markets extended gains. Demand for safety has reduced significantly and thus gold, silver and treasuries have fallen Read More

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Moody: Brexit impact on Asia Pacific is limited, full extent remains to be seen
By Martha Soezean Published on by Martha Soezean 0

Moody’s Investors Service said The UK departure from the European Union will not have a “significant credit impact” on Singapore and other countries in the Asia Pacific region. However international financial centers in the region like Singapore and Hongkong could take a hit if Read More

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US labour market surprise sends stocks higher
By The Online Citizen Published on by The Online Citizen 0

By Margaret Yang, CMC Markets US equity markets have broken out a record high last night, thanks to the favorable non-farm payroll data. 287k new jobs were created in the US job market last month, higher than any survey expectations.  However, if we Read More

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