Singapore Gross Domestic Product (YoY) fell from previous 5.1% to 4.9% in 1Q

Following the news that ratings agency Standard & Poor’s warned Australia over the tougher conditions the country faces to keep its triple A credit rating status, new headlines on the subject are now crossing the wires, indicating that "there iss no immediate risk to Australia's AAA rating", adding that "stable aust. rating means less than 1-in-3 odds of change."