Philip Chua Business Blog

Posts Tagged ‘cash’

THE financial market rebound has put a spring in the step of Singaporeans. They are now showing a greater willingness to take risks with their money.
Investors who had sought refuge in cash and steady yield products like bonds are now looking for higher returns and ways to better grow their wealth, according to a new Citibank survey.
It found that 44 per cent of people who stopped investing in the… more

The government is providing a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as it struggles with hefty losses in its home mortgage unit.









Wall Street Journal – GMAC – Administration of federal assistance in the United States – GMAC Financial Services – Business

The deal would be the second-largest upfront cash recovery from a company accused of backdating stock options, a plaintiff’s lawyer said.

Maybe, or maybe not.
It’s what a lot of experts are saying, and it’s what some of us who work at FSM believed will happen. So we liquidated a part of our portfolios and kept some cash, some of us as early as June 2009, and we waited for the correction to come so that we would have some cash to buy in when share prices fell.
… more

A DECADE ago, investor Lui Chee Meng sank $30,000 into what he thought was a safe blue-chip company backed by Temasek Holdings.
Now, he has lost almost all the cash he put into Chartered Semiconductor Manufacturing, the world’s No. 3 chipmaker.
The loss made him so angry that he voted against the $5.6 billion acquisition of Chartered by a Middle Eastern fund.
But the sale went through anyway, as o… more

Consumer spending plunged in September by the largest amount in nine months, reflecting the end of the government’s Cash for Clunkers auto sales program.

The dollar extended its losses this week thanks to more reserve diversification and selected corporate earnings. Highlighting the reserve diversification issue, a Barclays analyst report said that nations which report currency breakdowns placed 63% of their new cash into euro and yen pairs this summer (the report also noted that…

Retail sales declined in September by the largest amount this year as car sales plummeted following the end of the government’s popular Cash for Clunkers program.

It would be nice and easy to believe that the road to economic recovery is now clear and straightforward after the financial market crash of 2007-2009. Equity markets have had one of the best quarters ever, corporate and government bond yields have fallen sharply and spreads, in cash and corporate…

Reuters – Australia’s central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.