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Archive for May, 2008

US stocks mark time amid easing oil, firming dollar

US stocks mark time amid easing oil, firming dollar
Posted: 31 May 2008 0544 hrs
NEW YORK - US stocks marked time Friday after three days of gains amid easing oil prices, a firming dollar and consumer spending and income figures in line with expectations.
The Dow Jones Industrial Average fell 7.90 points (0.06 percent) to close [...]

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Singapore more prepared for infectious disease outbreak

Singapore more prepared for infectious disease outbreak
By Hasnita A Majid, Channel NewsAsia | Posted: 31 May 2008 1906 hrs

SINGAPORE: Singapore was declared SARS-free five years ago. Learning from that episode, the country is now more prepared to face an infectious disease outbreak.
Dr Dessmon Tai was in charge of the Intensive Care Unit (ICU) in [...]

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Govt to roll out more initiatives to bring innovation to the marketplace

Govt to roll out more initiatives to bring innovation to the marketplace
By Imelda Saad, Channel NewsAsia | Posted: 31 May 2008 2117 hrs

SINGAPORE: Expect more initiatives to be rolled out this year to help researchers in Singapore transfer their ideas from paper to marketplace.
Finance Minister Tharman Shanmugaratnam hinted at this when he spoke at [...]

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Oil prices slide after US energy report

Oil prices slide after US energy report
Posted: 30 May 2008 0414 hrs
NEW YORK: Oil prices fell sharply in volatile trade on Thursday as traders reacted to a weekly US energy report that revealed a slump in crude oil inventories.
Prices had initially jumped higher in the wake of the report’s release, but values subsequently tumbled [...]

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US dollar gains on US growth data, easing oil prices

US dollar gains on US growth data, easing oil prices
Posted: 30 May 2008 0612 hrs

NEW YORK: The US dollar strengthened on Thursday after US growth figures were revised higher, suggesting underlying strength in the economy despite the ravages of the sub-prime mortgage crisis.
Dealers said the dollar got a boost after first-quarter US growth was [...]

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US consumer confidence falls to 28-year low in May

US consumer confidence falls to 28-year low in May
Posted: 30 May 2008 2237 hrs
NEW YORK : A survey on Friday showed that US consumer confidence fell for the fourth straight month to a 28-year low in May, amid expectations of surging inflation.
The Reuters/University of Michigan Surveys of Consumers said the index of confidence fell [...]

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US income, spending up 0.2% in April

US income, spending up 0.2% in April
Posted: 30 May 2008 2239 hrs
WASHINGTON : US consumer spending and incomes both rose 0.2 percent in April, data showed Friday, suggesting sluggish growth in the world’s biggest economy is continuing.
The report, in line with analyst forecasts, indicated a slowdown from March when spending rose 0.4 percent and [...]

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Indian economy surprises with 9.0% growth but slowdown looms

Indian economy surprises with 9.0% growth but slowdown looms
Posted: 30 May 2008 2252 hrs
NEW DELHI : India’s economy grew nine percent in the last fiscal year, second only to China among big economies, but the better than expected figure was overshadowed by a surge in inflation, data showed Friday.
Growth to March 2008 was down [...]

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Houses at Cornwall Gardens Road monitored for cracks

Houses at Cornwall Gardens Road monitored for cracks
By Lynda Hong, Channel NewsAsia | Posted: 30 May 2008 1733 hrs
SINGAPORE : Channel NewsAsia understands that the Land Transport Authority (LTA) is monitoring some cracks in the houses at Cornwall Gardens Road, where there was a big cave-in last week.
Contractors are doing minor works to ensure [...]

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Stretch of CTE between Ang Mo Kio Ave 1 and 3 to be widened

Stretch of CTE between Ang Mo Kio Ave 1 and 3 to be widened
Posted: 30 May 2008 1843 hrs
SINGAPORE : The Land Transport Authority (LTA) will be widening various stretches of the Central Expressway (CTE).
This was announced by LTA when it gave details of the first stretch to be widened - the section from [...]

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