Archive for December, 2009
Stocks slip on last trading day of 2009
The stock market zigzagged in a tight range on the last day of the year as weekly unemployment claims fell to the lowest level since July 2008.
Trading day – Business – Investing – Stocks and Bonds – Equities
Jobless claims fall to lowest level since ’08
The number of newly laid-off workers filing claims for unemployment benefits dropped unexpectedly last week, a sign the job market is healing as the economy slowly recovers.
Jobless claims – Unemployment benefits – Labour economics – Layoff – Insurance
A mixed session despite STI’s rise
THERE was very little to distinguish yesterday’s session from Tuesday’s – the Straits Times Index (STI) rose, the broad market was mixed, volume was low and dealers who decided not to go on vacation spent the whole day wondering if perhaps they had made the wrong decision.
Other features reminiscent not just of Tuesday but also of previous days included a relatively heavier concentration of effort… more
Singapore food prices on the rise
(SINGAPORE) Food prices have risen consistently over the past few months. And given erratic climatic conditions, they could become even more of a concern going forward.
The Consumer Price Index (CPI) rose 0.4 per cent in November from October. The increase was attributed mainly to the higher cost of housing, recreation and other items, and food.
As a result of dearer vegetables, fruits and ric… more
MAS seeks power to seize troubled insurers
(SINGAPORE) The Monetary Authority of Singapore (MAS) is seeking sweeping new powers to seize insurers in distress and to supervise their liquidation to protect policyholders.
It also wants to raise the limits on the compensation offered by the policy owners’ protection fund (PPF) schemes for both life and general insurers, to better protect policy owners.
The PPF schemes were introduced in the In… more
Take more care with big orders, traders urged
TRADERS should pay more attention when handling large orders to prevent market manipulation, according to the Singapore Exchange (SGX) yesterday.
The bourse operator said trading members and representatives should query clients on orders that may ‘adversely impact the market’.
‘Trading members and trading representatives are free to employ different trading strategies,’ said the SGX in a note post… more



