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Showing 181 - 190 of 2965 results for "Overnight"

Chief economist update: Crude oil slips

BENJAMIN ONG  |  TUESDAY, 17 JUL 2018
... and a strike by oil workers in Norway combined to keep the price of crude elevated. Crude oil prices dropped sharply overnight as some or all of these have been halted or resolved. Brent oil dropped by 4.5% to US$71.94/barrel and WTI oil slid 4% to US$68.19 ...

Chief economist update: Weak wages a puzzle, could become a problem

BENJAMIN ONG  |  FRIDAY, 13 JUL 2018
... breathing space as it proceeds with normalising interest rates. Then again, maybe not. The CPI inflation report released overnight showed that upward pressure on consumer prices is gaining momentum. Headline inflation accelerated to 2.9% in the year ...

Chief economist update: Shanghai's drop is China's problem, the yuan's slide is everyone's

BENJAMIN ONG  |  THURSDAY, 28 JUN 2018
... batted an eyelid at the Shanghai index's dive, most are now standing up and paying attention at the yuan's drop. Overnight, the yuan traded at 6.60 yuan against a US dollar, down from this year's high of 6.26 and the weakest it's been ...

Chief economist update: Erdogan's Turkey is cooked

BENJAMIN ONG  |  FRIDAY, 25 MAY 2018
... emergency meeting last night (before its scheduled June 7 meeting). While it left its key interest rates unchanged - overnight repo rate at 7.5%; one week repo rate at 8% - it lifted its liquidity window lending rate by 300 basis points to 16.5% that ...

Chief economist update: A US dollar story

BENJAMIN ONG  |  TUESDAY, 22 MAY 2018
... back into dollars. Not good. The slowing impact of the strong dollar on US trade and economic growth would not happen overnight, but it will happen. Trump could either go back on his words that he likes a strong dollar, or raise and expand tariffs on ...

New law tightens unpaid SG penalties

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
... unpaid super problem. Minister for Revenue and Financial Services Kelly O'Dwyer introduced legislation in Parliament overnight in a bid to stop "unscrupulous employers short changing superannuation contributions for employees." The Treasury Laws Amendment ...

FSC honours life insurance industry talent

KARREN VERGARA  |  WEDNESDAY, 21 MAR 2018
... Services Council awarded its highest accolades to the life insurance industry's brightest stars at a gala dinner in Sydney overnight. The annual FSC Life Insurance Awards, held at the Ivy Ballroom, recognised three talented individuals and named outstanding ...

Chief economist update: The uncertainty that is Trump

BENJAMIN ONG  |  WEDNESDAY, 14 MAR 2018
... the green so far this year and 10-year bond yields have fallen from the 2.94% high recorded in late February to 2.84% overnight. So too has the VIX index - down to a reading of 16.35 after surging to 37.32 last month. No other data underscore America's ...

Chief economist update: Trump spoils for war

BENJAMIN ONG  |  FRIDAY, 2 MAR 2018
... Street took Trump's latest promise fulfilment as an excuse to take profits. The Dow fell by 1.7% and S&P 500 by 1.3% overnight after Donald announced that "sometime next week, we'll be signing" the imposition of a 25% tariff on steel imports and 10% ...

ATO to advance early release of super: O'Dwyer

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
... to facilitate the early release of superannuation is open for consultation. Treasury has released the exposure draft overnight that aims to expedite the early release of super funds and "improve the integrity of the processes." Under the current legislation ...