Philip Chua Business Blog

Posts Tagged ‘bottom’

THE bottom fell out of the local stock market yesterday as a combination of fears took grip – worries over China’s bank lending restrictions which apparently could choke off a recovery, and an unstable Wall Street which has been rocked by fears of radical banking reforms.

Besides the twin fears, there was added pressure from a slight firming of the US dollar, raising ‘carry trade’ concerns where… more

(SINGAPORE) THE median resale prices of executive condominiums (ECs) have increased 63 per cent in the past two years, riding on the bull run in the private residential market, a report says.

Caveats lodged for ECs in the resale market in October 2009 showed prices at $519 per sq ft (psf), says CB Richard Ellis (CBRE). This is 63 per cent higher than at the bottom of the market in Q3 2006, when … more

Warren Buffett says the economy appears to have leveled off at the bottom of the recession over the summer, but Berkshire Hathaway’s CEO still isn’t seeing much improvement.

The sizzling stock market rally that seems to have come out of nowhere has left many investors breathless and bewildered, given the speed of the rebound from March lows.
But investors should not get carried away by the heady rises, say experts, some of whom think the market will reverse course and sink to another bottom, while others are more upbeat.
However, they all agree on one thing: volatilit… more

Reuters – The U.S. economy has hit bottom and the current quarter will see positive growth due to the government’s stimulus spending, billionaire financier George Soros said on Tuesday.

Cisco Systems said earnings fell 46 percent in its latest quarter, but the profit beat expectations, and the company said the quarter may have been the bottom of the recession-related downturn.

Cisco Systems said earnings fell 46 percent in its latest quarter, but the profit beat expectations, and the company said the quarter may have been the bottom of the recession-related downturn.

ON the back of better-than-expected earnings from some US financial institutions and expectations of good corporate earnings in Asia, buying activities returned to the equities market.

The strong buying in the last few sessions lifted many regional bourses to their highest levels since late September last year – just before the bottom was yanked out of the world’s stock markets following the col… more

Owners of shopping malls, hotels and offices are defaulting on loans at an alarming rate, and the commercial real estate market is not expected to hit bottom for three more years.