Singapore Property and Real Estate News Portal

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 [...]

Posted on May 30th, 2008 under World Business News, World News | . Tags: world economy, world news. Comments: None

Industry watchers say tech sector to face grim third quarter
By Rachel Kelly, Channel NewsAsia | Posted: 30 May 2008 2247 hrs

SINGAPORE: Exports to the US have taken a hit amid the ongoing sub-prime mortgage crisis in the US. And the tech sector, in particular, has been seeing sluggish sales.
But analysts said that the good [...]

Posted on May 30th, 2008 under World Business News, World News | . Tags: world economy, world news. Comments: None

Oil eases below US$124 a barrel
Posted: 13 May 2008 1125 hrs
SINGAPORE : World oil prices eased further on Tuesday, trading below 124 dollars a barrel as a firmer dollar encouraged profit-taking in a market that remains well-supported, analysts said.
New York’s main oil futures contract, light sweet crude for June delivery, was 37 cents lower [...]

Posted on May 12th, 2008 under World Business News, World News | . Tags: oil crisis, world economy, world news. Comments: None

Concern mounts as oil price nears US$120
Posted: 23 April 2008 1051 hrs

SINGAPORE - International concern mounted as world oil prices edged closer to US$120 a barrel Wednesday and the world’s top producer called for calm.
Analysts said a weakening US dollar, supply worries in Nigeria and the OPEC cartel’s reluctance to increase output have all [...]

Posted on April 23rd, 2008 under World Business News, World News | . Tags: oil crisis, world economy, world news. Comments: None

UBS still faces risk from sub-prime crisis, says CEO
Posted: 23 April 2008 1943 hrs

BASEL, Switzerland : UBS, the biggest Swiss bank, warned on Wednesday that it still faced some risk from the US sub-rime crisis after wracking up losses exceeding 37 billion dollars (23.4 billion euros).
Shareholders are gathered here for the annual general meeting [...]

Posted on April 23rd, 2008 under World Business News, World News | . Tags: financial crisis, world economy, world news. Comments: None

US dollar weakens on renewed credit fears
Posted: 22 April 2008 0519 hrs
NEW YORK: The US dollar traded mainly lower on Monday as worse-than-expected earnings from Bank of America renewed concerns about the strength of US financial markets, traders said.
Market participants focused more heavily on financial market news amid a lack of US economic news.
The [...]

Posted on April 22nd, 2008 under World Business News, World News | . Tags: world economy, world news. Comments: None

ECB board members warn on inflation and interest rates
Posted: 22 April 2008 1825 hrs
BERLIN : European Central Bank governing council member Yves Mersch is surprised that analysts still expect a cut in eurozone interest rates, according to a newspaper interview released on Tuesday.
Meanwhile the head of the French central bank warned that eurozone interest [...]

Posted on April 22nd, 2008 under World Business News, World News | . Tags: inflation, world economy, world news. Comments: None

UBS explains huge sub-prime losses in 50-page report
Posted: 21 April 2008 1848 hrs
ZURICH: Switzerland’s biggest bank UBS said on Monday that weak risk control and a pay structure that invited risky deals were among key factors leading to its massive sub-prime-related losses.
A 50-page report to shareholders, a summary of a document the bank submitted [...]

Posted on April 21st, 2008 under World Business News, World News | . Tags: financial crisis, world economy, world news. Comments: None

GIC says world could be facing worst recession in 30 years
By Ng Baoying, Channel NewsAsia | Posted: 21 April 2008 1311 hrs

SINGAPORE: The world could be facing its worst recession in 30 years, said Deputy Chairman and Executive Director of the Government of Singapore Investment Corp (GIC) Dr Tony Tan.
He shared this view with [...]

Posted on April 21st, 2008 under Singapore Business News, Singapore News, World Business News | . Tags: singapore business, singapore economy, singapore news, world economy. Comments: None