Philip Chua Business Blog

Posts Tagged ‘afternoon’

Risk appetite fell on Friday, US data trumping continued decent company earnings. US equities began the decline during the European afternoon, and accelerated to -2.9% after a steep plunge in the US consumer sentiment survey to the lowest level in a year. Following the previous day's disappointments in the NY

THE Straits Times Index (STI) gained 45.41 points to 2,696.02 yesterday, thanks largely to Wall Street's avoidance of a total blowout on Tuesday and hopes that Western markets might stabilise during their Wednesday sessions - hopes that were lifted when Europe opened in the black late in the afternoon here. Brokers, however, were unsure of how lasting the local bounce will prove, given the market'... more

A 2.1 per cent loss for Hong Kong's Hang Seng Index and a sea of red across Europe when markets there opened in the afternoon meant the local market had to withstand another day of selling. The Straits Times Index, which in the middle of the session enjoyed a bit of support from short-covering, fell for the third consecutive session, this time by 40.87 points to 2,860.31, bringing its three-day lo... more

A KIDNAP scam was thwarted by alert staff from a bank and a remittance company who promptly called the police on Monday afternoon.

Police said that the victim, a 55-year-old housewife, received a call at about 2.30pm while she was at home, from a male caller who spoke to her in Mandarin.

In the background, the victim said she heard what sounded like her 27-year-old son screaming for help befor… more

A PUSH on the three banks in relatively thin volume initially helped send the Straits Times Index up 40 points to 2,785 yesterday but afternoon concerns triggered by a firming US dollar and the associated worry over how Wall Street might react brought the index down to 2,758.79 for a closing gain of just 13.75 points.
Excluding the STI components and derivatives, there were 215 falls versus 144 ri… more

(SINGAPORE) Gold surged to a new record yesterday, crossing the US$1,090 level for the first time, a day after the International Monetary Fund announced a massive sale of the metal to India.
The precious metal touched US$1091.1 an ounce by late afternoon – up 2.8 per cent from US$1061.50 a day ago.
Analysts said a weaker dollar could push prices to US$1,100 an ounce.
Indeed, traders say gold is… more