With Ankara locked in a complex rift with Washington, he also played down a decision by President Donald Trump to double tariffs on imports of Turkish metals.
The financial services market is expected to invest close to €1.2 billion (roughly $1.4 billion) by 2021 to implement blockchain technology for cross-sector remittance and payments.
The price index for personal consumption expenditure, a preferred inflation gauge by the Fed, increased 1.8 percent in February, higher than the 1.7 percent growth in January.
The proposed tariff list is based on a so-called Section 301 investigation into alleged Chinese intellectual property and technology transfer practices, launched by the Trump administration in August 2017.
Besides these tariffs, the US also plans to impose new investment restrictions, take action against China at the World Trade Organization and the Treasury Department also will propose additional measures.
BMI Research believes that Singapore household spending will rise in the next few years on the back of the increasing proportion of non-essential expenses such as leisure and recreation costs.
Analysts at UOB KayHian projects Singapore Airlines to report a strong net profit growth in the recently concluded quarter, thanks to the parent airline and SIA Cargo.