Global shares hit 2016 high, FX hit by Singapore sting

Singapore set the tone for the World Bank and International Monetary Fund spring meetings, to be held this week in Washington, as its normally conservative central bank unexpectedly eased policy. Oil prices initially fell as OPEC warned of slowing demand and Russia hinted that there might only be a loose agreement on output levels at an exporter meeting in Doha at the weekend. "The dollar has been doing well over recent days, particularly against Asian currencies today after the MAS (Singapore c