Philip Chua Business Blog

To investors Fed’s words, not actions matter

News Feed — Tue, 16 Mar 2010 12:40:04 +0000

The stock market doesn’t want any surprises from this week’s Federal Reserve’s meeting.

Federal Reserve System – Stock market – Business – Investing – Stocks and Bonds

For Psychic, Suit Came as Surprise

News Feed — Tue, 16 Mar 2010 12:38:05 +0000

The Securities and Exchange Commission accused Sean David Morton, who said he could foretell the stock market’s direction, of swindling $6 million.

The Weekly Bottom Line

News Feed — Tue, 16 Mar 2010 12:36:42 +0000

It looks good so far, but mostly just on paper. As of yet, the recovery from the Great Recession has largely been a balance sheet affair. This week marked the one year anniversary (March 9th) of the stock market lows. Equities have rebounded by a stunning 60% since then. As…

STI loses 13 points in quiet session

News Feed — Sun, 28 Feb 2010 11:00:01 +0000

A LIMP trading session yesterday finished with brokers heaving a sigh of relief that the boredom had ended and with the Straits Times Index standing 12.99 points weaker at 2,749.19.
Prices hardly budged throughout trading hours, forcing dealers and remisiers to try their luck at intraday punting, the alternatives being to watch TV or doze off at their terminals. As such, penny stocks were active, … more

Gold loses more lustre as US dollar shines

News Feed — Sun, 28 Feb 2010 11:00:00 +0000

(SINGAPORE) Gold prices continued to head south yesterday, with some analysts predicting more selling pressure in the coming weeks.
The yellow metal retreated after the US dollar rebounded against the euro, while firmer oil prices offered little help as investors turned cautious on bullion after it failed to sustain recent gains.
Gold dropped below a psychological level of US$1,100 an ounce as unc… more

Developers put home launches on fast track

News Feed — Sun, 28 Feb 2010 10:59:59 +0000

(SINGAPORE) DEVELOPERS will be bringing forward their property launches over the next few months to satisfy strong demand from homebuyers, said Real Estate Developers’ Association of Singapore (Redas) president Simon Cheong yesterday.
But Mr Cheong, who was speaking at Redas’ spring festival lunch, warned that many developers are now facing depleting land banks following brisk home sales in recent… more

Greek debt crisis pulls down markets

News Feed — Sun, 28 Feb 2010 10:59:58 +0000

GREECE’S debt crisis rattled investors again yesterday and sent markets south despite overnight gains on Wall Street.
Reassurance from Federal Reserve chairman Ben Bernanke that interest rates would stay low for some time pleased investors, who sent the Dow Jones up 91.75 points, or 0.89 per cent.
But concerns over the weak United States job market and poor housing sales data outweighed the promis… more

In firefighters we trust (but not property agents)

News Feed — Sun, 28 Feb 2010 10:59:57 +0000

WHO would you trust more? A fireman, or a real estate agent?
Thought so.
So did 760 Singapore residents who took part in an online poll conducted by Reader’s Digest magazine on the most trusted professionals in the country.
Conducted last October, the poll gave them two lists of 55 individuals and 40 professions and asked them to rate their trustworthiness on a scale of one to 10.
The results show… more

Wicked winter adds to economy’s woes

News Feed — Sun, 28 Feb 2010 10:59:49 +0000

The three major snowstorms that have slammed the Northeast this winter have been more than just huge hassles — they may be creating yet another headwind for a wobbly economy.

Winter storm – Weather – Arts – Movies – Sports

Stocks edge higher after mixed economic data

News Feed — Sun, 28 Feb 2010 10:59:47 +0000

The stock market eked out a gain as investors took glum economic news in stride. The small gains still left stocks with a loss for the week but the Dow and S&P 500 logged their best month since November.

Gross domestic product – Business – Economy – Government – Investing