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Archive for July, 2010

The Dollar is on the Ropes, Again

The final week of July saw mixed price action among asset classes, as better than expected data from outside the US was mostly offset by weaker US data. US stocks finished slightly weaker while the MSCI world stock index gained some ground. The CRB commodity index continued to advance, but

Stocks end slightly down ahead of GDP report

Stocks ended an erratic day with a modest loss Thursday as investors tried to reconcile another batch of conflicting economic signals.


Business - Investing - Commodities and Futures - Futures - Advisory Services

I dont think there should be a retirement age: MM Lee

THERE should be no retirement age for workers, Minister Mentor Lee Kuan Yew said at a dialogue session yesterday. Singapore's ageing population means its employers have to help old workers stay productive and workers have to be willing to keep working, Mr Lee said. 'I don't think there should be a retirement age,' said Mr Lee, who is 86, drawing laughs from the more than 900 managers, government... more

GBP/USD Breaks Resistance

The dollar traded mostly higher on Tuesday. US May 20-city home prices posted the largest year-over-year gain since August 2006, but July consumer confidence fell to a 5-month low. The S&P 500 declined 1.17 to 1,113.84. The euro rose to a 2-month high versus the yen after data showed German

Slump hits pay of 44% of bosses

THE financial crisis put the squeeze on executive pay last year, with almost half of the top brass at Singapore's leading firms having their salaries frozen or even cut. A survey has found that 44 per cent of chief executives, chief financial officers and business unit heads saw their salaries staying flat or falling last year, compared with 23 per cent of executives in the 2008 financial year. ... more

Chinese developers eye Spore property

CHINESE developers eager for a slice of the red-hot housing pie are nudging their way into Singapore's property scene. Chinese developers bid for at least 10 out of the 15 residential land sites put up for tender in the Government Land Sales (GLS) programme for the first half of this year. They have landed three plots and narrowly missed out with second-place bids on at least two other sites. ... more
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