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October 2010
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Archive for October, 2010

Two-day camp to help seniors get jobs

OLDER unemployed people will receive a boost in the form of a training programme to help them re-enter the job market. The fully sponsored two-day programme, called the Employability Camp for Back-to-Work Seniors, will teach them soft skills, such as how to land the jobs they want and how to communicate with colleagues of different ages. About 186,000 people - unemployed and aged 50 to 64 - will p... more

Stocks traders sell into strength

SELLING into strength appears to be the preferred option these days, judging by movements so far this week. In yesterday's session, the Straits Times Index (STI) rebounded from Wednesday's 38-point loss with a 15-point gain (no doubt aided by generous doses of short-covering), but saw this lead whittled away to just 5.12 points at 3,129.50 at the close. The broad market followed suit, with losers ... more

2-month regional rally loses steam

AS THE saying goes, all good things must come to an end. Perhaps this may not be quite the end, but the two-month rally which lifted regional markets to their highest levels in almost two years appears to be fizzling out - at least for now. The Straits Times Index gave up 38.13 points to end the session at 3,124.38 yesterday amid pullbacks in Hong Kong and China, where markets were spooked by shar... more

Putting retirement on hold

YOU may think that retirement is a relatively easy goal among the wealthy but even so, a survey of wealthy individuals has found most rejecting traditional retirement, in favour of working as long as they are able. A survey of more than 2,000 individuals globally, with at least £1 million (S$2.03 million) in investible assets, has found that 60 per cent see themselves involved in commercial ... more

USD Under Pressure, Volatile

U.S. Dollar Trading (USD) the market sold the USD aggressively in the Asian and European sessions but traders took profit in the US session as stock markets fell back from opening levels. Existing Home Sales surprised at +10% in September. In US stocks, DJIA +31 points closing at 11164, S&P

G20 Calms Currency War Fears

U.S. Dollar Trading (USD) with the G20 meeting already underway into the weekend, Friday’s trading session was subdued with slight rallies in equities keeping the USD under pressure. The G20 meeting resulted in a statement supporting a commitment to ‘refrain from competitive devaluation of currencies’. The comments should support the
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