OPINION: Will Fed tapering erode Singapore’s appeal? - Leslie Shaffer

CNBC.com, 22 Aug 2013
Singapore's long-held status as a financial market safe haven could come under pressure from potential risk of higher rates amid the imminent tapering of U.S. monetary stimulus.
"The world is tumbling headlong into a rising interest rate environment, and dividend yields that are artificially leveled up will not hold up when financing costs rise," Kenneth Ng, an analyst at CIMB, said in a report. "Losers from a potential spike in interest rates do not make for safe hiding holes." Full story
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