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More than a third of investors expect a recession in 12 months, Bank of America Merrill Lynch survey finds

Recessions fears have reached their highest levels in eight years as investors shift away from equities to bonds, according to the latest Bank of America Merrill Lynch survey of fund managers.More than a third of investors surveyed believe a global recession is likely in the next 12 months, the highest recession probability since October 2011, the August Fund Manager Survey found.“Investors are the most bullish on rates since 2008 as trade war concerns send recession risk to an eight-year high,… Source link

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Singapore 

Government survey shows families in Singapore are spending more on travel, Singapore, Lifestyle News

SINGAPORE – Families are spending more on travel compared to five years ago, according to a recent survey by the Department of Statistics. Conducted every five years, the latest Household Expenditure Survey is based on data collected in 2017 and 2018 for Singaporean and permanent resident households. Average monthly expenditure on overseas travel increased from $260 to $340 since the previous survey conducted between 2012 and 2013. One reason is that air travel has become more affordable as budget and full-service carriers compete for the pie, says Ms Alicia Seah,…

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China 

China’s manufacturing outlook still weak but showing ‘signs of recovery’, Caixin survey shows

China’s manufacturing sector continued to contract in July, although at a slower pace than in previous months due to “signs of recovery”, a private survey released on Thursday showed.The Caixin/Markit manufacturing purchasing managers’ Index (PMI), a gauge of sentiment among the country’s factory operators which tends to include smaller private sector firms, improved from 49.4 in June to 49.9 in July.It follows Wednesday’s release of the official purchasing managers’ index which also rose… Source link

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China 

China’s consumers unwilling to spend income despite need to offset trade war impact, survey shows

China will need to come up with more incentives to convince consumers to spend to support economic growth, the results of a survey by the central bank released on Wednesday suggested.Consumers surveyed by the People’s Bank of China (PBOC) reported that income constraints and a preference to save money amid economic uncertainties were limiting their spending.Chinese consumers generally prefer not to spend their income immediately, with a large proportion of those surveyed responding that they… Source link

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Singapore 

Singapore job-seekers expect 17% pay rise on average when they switch jobs: Survey, Singapore, Business News

SINGAPORE – Job-seekers in Singapore are looking to get a 17 per cent bump in pay when they switch jobs, after averaging across industries and levels, said a report by RGF International Recruitment. Its survey found financial compensation to be the driving factor for 61 per cent of job-seekers in Singapore, with 83 per cent of respondents saying they expect a salary increase. After compensation, the next factors which drive job-seeking are working with “top calibre colleagues” (13.6 per cent) and career advancement opportunities (10.8 per cent). The recruitment firm’s…

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Among the world’s biggest companies, CEOs are spending less time at the top, while instances of ethical failings are on the rise, survey finds

In the executive suite of the world’s largest listed companies, the length of time top corporate leaders can be expected to remain at the helm has fallen to a multi-year low, while the percentage being ousted for unethical conduct is at its highest since the turn of the millennium, according to a survey by PwC.Among the world’s 2,500 largest public companies, 17.5 per cent changed their chief executive last year, reflecting the highest turnover rate recorded since 2000, according to PwC’s 2018 … Source link

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Nearly 70pc of companies in Asia don’t trust blockchain technology, survey says

Most companies across the Asia-Pacific remain slow to adopt blockchain technology, according to a recent survey, because they are still grappling to understand how reliable it is.About 68 per cent of companies in the region cited the lack of understanding and education as the reason their senior management and executives have not adopted the technology, the poll by London-based consultancy Ernst & Young has found.Another 66 per cent of the survey’s respondents said they needed to know the risks… Source link

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Singapore 

1 in 2 Singapore residents feels stressed out by the thought of doing nothing: Survey, Singapore News

SINGAPORE – Taking a break does not seem to come easy for stressed-out Singapore residents. Of 600 Singaporeans and permanent residents polled in a recent survey, three in 10 said they did not know how to relax and half said they were stressed out by the thought of doing nothing. This is despite 52 per cent of those surveyed saying they felt stuck in a daily routine they were unable to get out of, and 74 per cent wishing they could spend more time with their families and loved ones.…

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American executives’ confidence about growth in next three years cuts a stark contrast with global outlook, KPMG survey shows

American executives are most optimistic about the prospects of economic growth over the next three years, drawing a stark contrast with corporate chieftains in 10 other countries, according to KPMG’s survey.A poll of 1,300 chief executives in 11 of the world’s largest economies showed that 87 per cent of US executives were either “confident” or “very confident” about the prospects of economic growth in the next three years, an improvement from 52 per cent last year.The rising confidence of… Source link

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China 

China’s manufacturers enjoy stable May after boost in export orders despite US trade war, survey shows

Manufacturers in China enjoyed a surprisingly strong performance in May, supported by a rebound in new export orders after the announcement by the United States that it would increase tariffs on Chinese imports, a survey showed on Monday.The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI), a gauge of sentiment among the country’s factory operators, came in at 50.2, unchanged from April’s level and above analyst’s expectation of a drop to 50.0, the watershed point between expansion… Source link

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