As global economic tensions rise, Singapore is poised to adjust its currency settings in response to the escalating tariffs imposed by the Trump administration. These tariffs, which feature a universal 10% rate, threaten to disrupt trade dynamics and economic growth
The U.S. financial markets faced significant turbulence this week as stocks and the dollar experienced sharp declines following former President Donald Trump’s failure to alleviate growing economic anxieties. Investors, already on edge due to rising inflation and interest rate concerns,
The ongoing trade tensions between the United States and China have once again resurfaced, causing ripples in global markets and impacting economies worldwide, including Singapore. Recent reports indicate that the much-anticipated rally in the U.S. stock market is beginning to
Singapore’s stock market experienced a notable rebound on April 10, 2025, with the Straits Times Index (STI) rising by 5.4%, reflecting a broader recovery across regional indexes. This surge in share prices comes as investors respond positively to a combination
Singapore’s banking sector has recently witnessed a notable rebound in stock prices, recovering from a staggering S$49 billion selloff triggered by fears surrounding tariffs imposed by the Trump administration. This selloff, which significantly impacted the market value of Singapore’s three
Stocks across Asia surged on April 4, 2025, following a significant tariff reprieve announced by former President Donald Trump, which has brought a wave of optimism to investors. This development has been particularly beneficial for markets in Singapore, a key
Stocks surged following the announcement of a 90-day pause on tariffs by the Trump administration, a move that has sparked a wave of optimism in financial markets. Investors reacted positively as the prospect of escalating trade tensions appeared to diminish,
Singapore’s financial markets experienced a notable surge today, reflecting a broader positive sentiment across Asian stocks, which have followed Wall Street’s lead. This uptrend comes in the wake of President Donald Trump’s recent announcement to pause tariffs on Canada and
As Singapore navigates a complex global economic landscape, Prime Minister Wong has not ruled out the possibility of a recession, emphasizing the need for proactive measures to mitigate potential fallout from rising tariffs. In recent statements, PM Wong outlined the
The recent introduction of tariffs by President Donald Trump has ignited significant concern among economists regarding the potential ripple effects on the global economy, particularly in Australia. As the U.S. implements a 10% universal duty on all imports alongside additional
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