Philip Chua Business Blog

Posts Tagged ‘asset’

The key focus in the UK this week is likely to stem from the minutes of the MPC’s January meeting. It is expected that the headline votes for an unchanged Bank Rate of 0.5% and for an unchanged Asset Purchase Facility (of £200bn) were unanimous. However, the detail may shed…

The $700 billion Troubled Asset Relief Program was never used for the purpose for which it was originally intended. Yet it has been extended for another year.  Answer Desk.







Troubled Asset Relief Program – Emergency Economic Stabilization Act of 2008 – Federal Reserve System – Citigroup – Business

This week sees a particularly busy calendar in the UK, featuring the Chancellor’s Pre-Budget Report (PBR) and the latest Monetary Policy Committee (MPC) meeting. We look for Bank Rate to remain on hold at 0.5% while the MPC continues with its £200bn programme of asset purchases. The PBR, meanwhile, will…

WASHINGTON (Reuters) – The Treasury must seek Congressional approval if it wants to funnel some of its $700 billion bailout fund to jobs programs that do not involve financial services firms as intermediaries, a key overseer said on Wednesday.

Financial services – Troubled Asset Relief Program – Business – Investing – Funds

SINGAPORE) SINGAPORE’S rich are among the most optimistic of investors when it comes to property investments, and are planning to raise their exposure to the asset class in the next two years, a new study shows.

The study, by Barclays Wealth and the Economist Intelligence Unit, found that 53 per cent of high net worth inves… more

Instead they appointed Temasek unit ST Asset Management – a move backed by the independent directors – in a bid to revive the company’s flagging fortunes.

The move had been opposed by the previous manager, a unit of collapsed Australian investment bank Babcock & Brown, which fell victim to the financial crisis.

Babcock, the firm’s No. 1 shareholder with a 13.8 per cent stake, is in liquidat… more

A one-day preview at the upmarket Marina Bay Suites development saw invited buyers snap up most of the 90 units released for sale at average prices ranging from $2,200 to $2,500 per sq ft (psf).
At least 81 units were bought yesterday at the 99-year leasehold, 221-unit condominium in Marina Bay, whose launch had been delayed by almost two years, said a spokesman for Raffles Quay Asset Management, … more

THE independent directors of a Singapore-listed investment fund – Global Investments – are embroiled in a dispute with the company’s biggest shareholder over the appointment of a fund manager to run its business.
Its previous fund manager fell victim to the global financial crisis last year. Global Investments announced last month that it wanted to hand over the job to ST Asset Management – a fund… more

THE surge of foreign fund inflows into Asian equities is beginning to abate.
Data from EPFR Global shows that inflows into Asia excluding Japan peaked around US$14 billion at the beginning of September and has remained around that level since then.
The statistics are significant as EPFR tracks fund flows and asset allocation of traditional and hedge funds controlling some US$10 trillion in total … more

FINANCIAL securitisation needs to be rehabilitated if the global economy is to recover fully from the current recession, the International Monetary Fund says in a new report.
IMF acknowledges that its proposals could prove controversial, given that sectors of asset securitisation such as the US sub-prime mortgage market were at the heart of the crisis. But it argues that global demand and economic… more