Singapore Property and Real Estate News Portal

Price rises hit German investor confidence in April Posted: 15 April 2008 2047 hrs BERLIN : “Extraordinary” price rises badly dented German investor confidence in April, the ZEW institute said Tuesday as it reported a surprise drop in its closely watched monthly sentiment indicator. The institute’s indicator fell 8.7 points and now stands at minus [...]

Oil, gold rise as bank results loom over dollar HONG KONG – OIL and gold prices gained on Tuesday as the dollar struggled to attract buyers due to signs of a weak earnings season for US banks, which could expose yet more subprime losses and punish stocks worldwide.Some Asian stocks edged higher, trimming losses from [...]

World faces first financial crisis of globalisation era: Brown LONDON – BRITISH leader Gordon Brown wants quick action to tackle higher food prices, saying the world faces the first financial crisis of the new era of globalisation, according to an advance copy of a speech.Mr Brown said the international community should urgently examine the impact [...]

IMF warns rising food prices raising risk of war Posted: 13 April 2008 0906 hrs WASHINGTON – Rising food prices could have terrible consequences for the world, including the risk of war, the IMF said Saturday, calling for action to keep inflation in check. “Food prices, if they go on like they are doing today [...]

Euro moving too much against dollar, says EU Commissioner Posted: 12 April 2008 0638 hrs BRUSSELS : The euro has risen too high against the dollar, EU’s Monetary Policy Commissioner Joaquin Almunia said Friday, voicing fears that it could keep climbing. “The euro has already contributed significantly more than its fair share to the ongoing [...]

Squeezed by crisis, Americans spending less Posted: 11 April 2008 0543 hrs     Photos 1 of 1 Consumers walk around the Manhattan Mall in New York City.         WASHINGTON : The housing downturn, a lack of once easy credit and rocketing gasoline prices sapped Americans’ wallets and purses last month as retailers [...]

Oil prices soar after hitting US$112 Posted: 10 April 2008 1939 hrs LONDON : World oil prices rallied on Thursday, after striking an all-time record above 112 dollars per barrel when the market was lifted by tumbling US energy reserves and weakness of the dollar, traders said. New York’s main oil contract, light sweet crude [...]

Oil hits new record on sliding US inventories Posted: 10 April 2008 0418 hrs NEW YORK : Oil prices soared to fresh record highs on Wednesday lifted by an unexpectedly sharp drop in US energy inventories and a further decline in the value of the dollar. New York’s main oil contract, light sweet crude for [...]