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Archive for June, 2011

Banks, Jardine group lead gains

THE Straits Times Index (STI) rose 28.95 points to 3,079.74 yesterday in response to a firm opening in Europe and hopes that Wall Street would be able to extend its recent rebound. Turnover, however, was low at 1.2 billion units worth $1.1 billion, excluding foreign currency issues, and dealers continued to report poor interest from most clients. Also, the bulk of the index's gains was thanks to t... more

Tax standoff blocks progress in debt talks

U.S. Democrats and Republicans on Tuesday showed no sign of resolving an impasse over taxes that has stalled budget negotiations and could threaten the country's top-notch credit rating.

Bt Timah, East Coast sites up for en bloc sale

TWO en bloc sites - one each in District 10 and the East Coast area - have been put up for sale by tender. Royalville, a large prime freehold site located along Bukit Timah Road, is being marketed by collective sale specialist, Credo Real Estate, while the East Coast site - St Patrick's Garden - is being put up for sale by Colliers International. The indicative asking price for the sprawling 174,1... more

Battling the pricey caffeine buzz

STATISTICS from the International Coffee Organisation (ICO) show that coffee consumption has increased steadily year on year, and the ICO Composite coffee price has risen more than 128 per cent between 2000 and 2010. As international retailers such as Starbucks and local coffee chains have raised prices in the past year, coffee drinkers may possibly find their daily caffeine buzz a tad too bitter ... more

Fresh Sgns of Global Slowing Keep Risk Down

Markets received fresh signals this past week that global growth is moderating further, suggesting potential for further declines in risk assets (stocks and commodities) in the weeks ahead. Stocks in the US did not lose much ground, but attempts to rebound were rejected, highlighting our view that sellers remain dominant.

Fresh Sgns of Global Slowing Keep Risk Down

Markets received fresh signals this past week that global growth is moderating further, suggesting potential for further declines in risk assets (stocks and commodities) in the weeks ahead. Stocks in the US did not lose much ground, but attempts to rebound were rejected, highlighting our view that sellers remain dominant.
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