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Singapore dollar enjoys safe-haven features. But it’s no greenback or yen

Sagar5 months ago05 mins

A staff member counts Singapore dollar currency notes at Raffles Place financial business district in Singapore on October 6, 2022. Roslan Rahman | Afp | Getty Images In times of uncertainty, investors turn to safe-haven assets — gold, Treasuries as well as currencies such as the Japanese yen, U.S. dollar and the Swiss franc. These…

Yen weakness subdues luxury splurge at Cartier-owner Richemont

Sagar5 months ago02 mins

Shoppers walking past a Cartier store at the high-end shopping district of Ginza in Tokyo, Japan. Anadolu | Getty Images A currency-fueled spending splurge in the key Japanese luxury market has finally abated, weighing on sales at Cartier-owner Richemont. The Swiss luxury group’s Japan sales declined 15% year-on-year at constant exchange rates in the fiscal…

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Singapore dollar enjoys safe-haven features. But it’s no greenback or yen

Yen weakness subdues luxury splurge at Cartier-owner Richemont