Moody's: Singapore banks' asset quality and profitability under pressure amid oil and gas weakness

Feb 18, 2016 04:47 am UTC| Research & Analysis Economy

Moodys Investors Service says that the 2015 results of Singapore lenders Oversea-Chinese Banking Corp Ltd (OCBC; Aa1/Aa1 stable, aa3) and United Overseas Bank Limited (UOB; Aa1/Aa1 stable, aa3) point to rising pressure on...

Moody's: Increased risks to global growth cloud outlook in 2016-17

Feb 18, 2016 01:13 am UTC| Research & Analysis Economy

Global growth will fail to pick up steam over the next two years as the slowdown in China, lower commodity prices and tighter financing conditions in some countries weigh on the economy, Moodys Investors Service said in a...

Canada's manufacturing sector ends 2015 on a bright note

Feb 17, 2016 15:04 pm UTC| Commentary Economy

Canadian manufacturing sales rose for a second consecutive month in December to end the the year on a bright note. Nominal sales were by 1.2%, while volumes rose by 1.3%. The inventory to sales ratio fell to 1.40...

Germany ZEW economic sentiment indicator drops on looming global economic slowdown

Feb 17, 2016 08:26 am UTC| Commentary Economy

Expectations for the German economy for February have been considerably lowered by investors, although lower than expected by consensus forecasts. The latest ZEW sentiment indicator was 1, which is much lower than the...

South Korea’s service sector shows signs of easing

Feb 17, 2016 05:32 am UTC| Commentary Economy

South Korea registered seasonally adjusted jobless rate of 3.5% in January, on par with consensus expectation of 3.4% and Barclays forecast of 3.5%. The jobless rate for December has been revised up by 10bp to 3.5%. Job...

Singapore’s January non-oil domestic exports fall, external-oriented sectors likely to remain weak in 2016

Feb 17, 2016 05:09 am UTC| Commentary Economy

Singapores January non-oil domestic exports declined 9.9% y/y, as compared with a fall of 7.2% in December and lower than consensus expectations of a decline of 7.6% and Barclays forecast for a drop of 6.2%. On a monthly...

Latest market turbulences weigh on German investor sentiment

Feb 16, 2016 14:32 pm UTC| Commentary Economy

Data released earlier today Germany headline Economic Sentiment Indicator fell for the second month running, from +10.2 to +1.0, a slightly better than consensus for a +0.1 reading. Survey suggests that the recent turmoil...