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Archive for July, 2011

Volatile, resilient session for STI

JUDGING by the relative strength displayed by equity markets in this part of the world, traders appear to be shrugging off worries that the US will fail to raise its debt ceiling before the deadline next Tuesday - at its low, the Straits Times Index (STI) fell only about 20 points and by 5pm, its loss stood at just 3.69 points at 3,189.85, possibly supported by a bounce in the US futures contracts... more

Investor confidence in S’pore dips

INVESTOR confidence in Singapore, although still in positive territory, has dipped compared to late last year, the latest poll done by JP Morgan Asset Management (JPMAM) showed. The firm's semi-annual Investor Confidence Index (ICI) now stands at 121, as opposed to 134 in December 2010. While investor confidence may be affected by recent global events and less-than-robust economic numbers,... more

Dunkin’ Donuts’ IPO priced at $19 a share

The parent company of Dunkin' Donuts and ice cream chain Baskin-Robbins is pricing its initial public offering at $19 a share, above the forecast price range.


Netflix braces for growth slowdown, stock plunges

US Debt Ceiling Crisis Spooking Stocks

U.S. Dollar Trading (US) the market is now turning its attention to the developing US debt ceiling crisis with time running out on a deal between the President and Republicans. The USD found some support on profit taking in the Euro with the market cautious that a new US debt

Skittish Wall Street waits for news of debt deal

New York City may be frying in near record temperatures but Wall Street has been feeling the heat for months.

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