Singapore Property and Real Estate News Portal

Oil prices tumble from record heights Posted: 28 May 2008 0425 hrs NEW YORK: Oil prices tumbled further from recent record peaks on Tuesday as traders sold off positions amid growing fears about energy US energy demand, analysts said. They said a report showing a slump in US consumer confidence, marking the largest such fall [...]

US dollar gains despite falls in US confidence, home prices Posted: 28 May 2008 0622 hrs NEW YORK: The US dollar gained against the euro and other major currencies on Tuesday, lifted by lower oil prices as the market shrugged off a weak reading on US consumer confidence and falling home prices. The single European [...]

Greenspan says US recession still probable Posted: 27 May 2008 1054 hrs LONDON: A recession in the United States remains a probability, former Federal Reserve chairman Alan Greenspan said in an interview published Tuesday. Speaking to the Financial Times from Washington, Greenspan said he believed “there is a greater than 50 percent probability of recession.” [...]

US new home sales rise 3.3% in April Posted: 27 May 2008 2328 hrs WASHINGTON: Sales of new homes across the United States rose an unexpected 3.3 percent in April from the prior month, to a seasonally-adjusted annual pace of 526,000 homes, a government report showed on Tuesday. The spike in sales confounded most economists [...]

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 [...]

Oil prices extend record run, break US$126 Posted: 10 May 2008 0506 hrs NEW YORK : Oil prices briefly surged to a record high above 126 dollars on Friday, driven into uncharted territory by speculators trying to take advantage of global supply concerns, analysts said. Oil prices have rocketed to fresh record highs every day [...]

Oil hits record highs above US$126 Posted: 09 May 2008 2251 hrs LONDON : Oil prices hit a record high above 126 dollars on Friday, driven into uncharted territory by speculative interest amid concerns about tight global energy supplies, analysts said. New York’s main oil futures contract, light sweet crude for June delivery, spiked as [...]

Spike in prices hits Hong Kong shoppers, food industry Posted: 08 May 2008 0132 hrs HONG KONG : Shoppers and food suppliers in Hong Kong have have been feeling the pinch in recent months as food prices have skyrocketed, showing the port city’s vulnerability to global shifts in commodities markets. Hong Kong’s staple foods of [...]

Oil prices hit record peaks above US$123 Posted: 08 May 2008 0407 hrs NEW YORK: World oil prices surged to fresh record highs above 123 dollars per barrel on Wednesday amid concerns about tight supplies and lingering unrest in oil-rich Nigeria, traders said. Oil prices have rocketed in recent months spurring concern that sharp price [...]

World oil price at new record high of nearly US$121 Posted: 06 May 2008 1758 hrs SINGAPORE : World oil reached a new record price of nearly US$121 a barrel as concerns over the United States economy eased, analysts said Tuesday. New York’s main oil futures contract, light sweet crude for June delivery, reached an [...]