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Singapore prime minister warns of turbulence ahead in 'post-American' order | FT Interview
Financial Times· 2025-10-23 05:00
Global Order Transition - The world is in a great transition to a multipolar world, a post-American order [1] - The transition will be messy and unpredictable as America steps back from its role as global insurer [2] - The old rules do not apply anymore, but the new ones have not been written, requiring actions to tackle global problems and build new trade connections [3][4] - Singapore is keen to work with like-minded countries to lay the foundations of the new multilateral architecture [4][6] - Multipolarity itself does not provide a stable framework, and the world should avoid ending up in exclusionary blocks and spheres of influence [11][12] ASEAN and Regional Dynamics - ASEAN has maintained relative peace and avoided major conflicts in Southeast Asia and is indispensable [14][15] - There are plans to accelerate ASEAN integration to become a more attractive and competitive single market [16] - The actions of tariffs have impacted America's standing in Southeast Asia, though America remains the largest investor in the region [17] - All Southeast Asian countries want to maintain good links with America [18] US-China Relations - The US and China relationship is the most consequential and dangerous fault line in international relations [30] - Both countries are looking at potential choke points to use as leverage, leading to a dynamic of mutually assured destruction [30][31] - The world must realize that China will not converge with Western norms and has become a risen power [38][39] - Singapore needs to work with like-minded countries to preserve and reinforce multilateral frameworks [42] Trade and Investment - Singapore is determined to maintain the integrity of its business environment and will not tolerate businesses violating its laws [23][24] - Trade flows are being reconfigured into new patterns, and Singapore is determined to remain at the center of these global patterns [22] - Singapore remains invested in American companies due to leading-edge technologies and dynamism, but continues to look for opportunities around the world [49] - Singapore sees strategic opportunities with Europe and is keen to forge closer links [50][53]
European markets head for higher open as traders assess U.S.-China dispute
CNBC· 2025-10-15 05:40
Market Overview - European stocks are expected to open higher, rebounding after touching a two-week low in the previous trading session, with the U.K.'s FTSE index projected to rise by 0.37%, Germany's DAX by 0.4%, France's CAC 40 by 1.72%, and Italy's FTSE MIB by 0.6% [1] Trade Relations - Positive sentiment in the market follows a period of decline due to concerns over a potential new trade dispute between the U.S. and China, with President Trump threatening new tariff increases in response to China's export controls on rare earth minerals [2] - Trump also criticized China for not purchasing soybeans, labeling it an "economically hostile act," and hinted at possible retaliatory measures, including a cooking oil embargo [3] Political Developments - France's political landscape is under scrutiny as Prime Minister Sebastien Lecornu announced the suspension of a controversial pension reform until after the 2027 election, a significant move that has garnered support from the Socialist party [4] Global Economic Discussions - Investors are keenly observing the IMF and World Bank annual meetings in Washington, which will address critical global issues such as the economy, poverty eradication, and economic development [5]
Amrita Sen: China’s stockpiling has kept the physical oil market very tight
CNBC Television· 2025-10-13 12:02
All right. So, how should we interpret this big rebound. Not huge rebound.We didn't recover all the losses, but a a a percent and a half move to the upside on oil just off a social media post and some comments is pretty significant. Does that mean that investors now don't believe that tensions are going to ramp up and they just simply don't believe we're going to see that 100% increase to tariffs. >> I do think both sides tried to deescalate the situation over the weekend.So I do think there'll be some um c ...
Analysis: Global economy takes Trump shocks in stride, for now
Yahoo Finance· 2025-09-19 05:05
Economic Resilience - The global economy has shown considerable resilience despite heightened policy and political uncertainty, attributed to supportive financial conditions, robust household and corporate balance sheets, and lower energy prices [3][4] - Early fears of a trade war with rising tariffs and a halt to global shipping have not materialized, contributing to ongoing economic growth [3][4] Market Reactions - Global equity and bond markets have reacted positively, with stock prices surging and inflation fears remaining muted, contrasting with early predictions of recession and market plummeting [2][3] - The yield on the U.S. 10-year Treasury note has decreased from approximately 4.6% to around 4.1%, indicating that financial markets are currently overlooking potential risks associated with U.S. monetary policy [5][6] Federal Reserve Dynamics - Attempts by President Trump to influence the Federal Reserve, including efforts to oust the Fed chair and fire a governor, have so far been unsuccessful, allowing the Fed to maintain its independence [5][6] - The Federal Reserve has cut its benchmark rate by 25 basis points, reflecting confidence in meeting its inflation target despite political pressures [6]
AEI's Pethokoukis: Ukraine war’s near-term impact will have long-term effects on global economy
CNBC Television· 2025-08-18 19:35
offensive. And Ukrainians have been suffering enormously under these attacks. >> Eamon stay with us, if you will.Let's bring in our panel for more. Monica Duffy Toft is professor of international politics at The Fletcher School at Tufts University, and James Pethokoukis, economic policy analyst at the American Enterprise Institute, a CNBC contributor. I also wanted to mention, Monica, that you were in the United States Army as a Russian linguist and you have some expertise in international security, ethnic ...
U.S. businesses feeling impact of Trump’s new tariffs
NBC News· 2025-08-07 23:30
This is 200 days already. Time flies. >> On his 200th day back in office, President Trump tonight celebrating his efforts to reshape the global economy.>> We have a country that's the hottest country right now anywhere in the world. >> The president's so-called reciprocal tariffs snapping into place on more than 90 nations overnight, setting taxes on some foreign imports as high as 50% with an average tariff rate of more than 17%, the highest since the 1930s during the Great Depression. The tariffs likely t ...
X @Ivan on Tech 🍳📈💰
Ivan on Tech 🍳📈💰· 2025-08-05 19:30
Bitcoin Adoption & Future Role - Bitcoin is projected to become base money for a significant portion of the global economy [1] - Sats (satoshis) are expected to become the primary pricing unit [1] - Mortgages, bonds, and corporate debt will be priced in BTC [2] Financial System Impact - All other money forms (stablecoins, fiat, credit) will settle into BTC [1] - Central banks are expected to survive but without monetary control [1] Bitcoin Price Prediction - The key number is Bitcoin reaching $10 million [1] Timeframe - The projected timeframe for these changes is by 2045 [1]
Countries need to get ready for a much higher tariff world, says CFR's Michael Froman
CNBC Television· 2025-08-01 11:29
President Trump signing a series of executive orders on tariffs hitting countries around the world with rates of up to 41%. They are set to kick in next week. Joining us right now is Michael Froman, former US Trade Representative, now Council on Foreign Relations President.Good morning to you. I think the question of the morning is effectively, is this real. Um, does it get pushed again.Is this a negotiating tactic. Of course, it's some kind of negotiating tactic, but uh does it have teeth. Well, Andrew, if ...
Bank of America CEO Brian Moynihan: Fed independence is critical for the economy
CNBC Television· 2025-07-17 14:01
Well, I think let's back up and talk about principles. As you think about across time, the the the Fed was set up to be independent and have a dual mandate, unemployment, price stability, i.e. inflation. And their job is to manage you add their management economy through short-term interest rate adjustments to accomplish that outcome.And I think a stable central bank is a is really very important and very important in the United States because of this size economy with 30 trillion dollars plus of debt out t ...