Singapore Property and Real Estate News Portal

Asian stocks slide on renewed credit crisis, inflation worries Posted: 03 June 2008 1901 hrs HONG KONG : Asian stocks slid Tuesday due to fears that high inflation threatened economic growth and following a Wall Street tumble triggered by renewed concerns about the global financial crisis. Japanese shares ended 1.6 percent lower as concerns about [...]

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) [...]

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 [...]

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 [...]

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 [...]

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 [...]

US economic growth revised higher to 0.9% pace Posted: 29 May 2008 2258 hrs WASHINGTON: US economic momentum posted a 0.9 percent annual growth pace in the first quarter of the year, the government said on Thursday in a report which calmed the nerves of some economists. In its initial revision of first quarter gross [...]

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.” [...]