As US Recession Looms, Banks Brace for Worse

Published on April 22, 2025

If the US slides into recession, banks will be ready – at least according to commentary on their earnings calls last week.

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Singapore Property May Be a Good Place to Hide

April 22, 2025
A global trade war can’t possibly be good news for a city-state whose exports and imports add up to more than 300% of its gross domestic product. Yet there are good reasons to believe that real estate in Singapore may offer a sanctuary to investors fleeing extreme anxiety.

Richmond Fed Manufacturing Activity Slowed Further in April

April 22, 2025
Fifth district manufacturing activity slowed further in April, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index fell nine points this month to -13 after falling ten points in March, marking the largest two-month decline since early 2022. This month's reading was worse than the forecast of -6.