Economy · World
Singapore Bank Selloff Challenges Safe Haven Status
A selloff in Singapore bank shares is testing the city-state's status as a safe haven and threatening one of Asia's best-performing stock benchmarks. Fears of earnings downgrades are driving the selloff. The CEO of Southeast Asia's largest bank, however, pitched Singapore as a haven amid global turmoil, stating that 'boring is not bad.'
How outlets across the spectrum covered it
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- Centre (2): CNBC, Mint