Philip Chua Business Blog

Posts Tagged ‘corner’

THE war of the Reits between MacarthurCook Industrial (MI-Reit) in one corner and Cambridge Industrial Trust (CIT) in the other hit a new level yesterday when both firms called trading halts to make announcements.
Their simmering row has mostly been confined to full-page newspaper advertisements but it has intensified in the run-up to Monday’s key meeting to vote on MI-Reit’s financing plans.
CIT … more

SINGAPORE’S stock market defied losses elsewhere in the region yesterday, rising for the fifth straight day on optimism the local economy will turn the corner sooner than expected.
The benchmark Straits Times Index (STI) gained 27.96 points – or 1.05 per cent – to 2,680.47, its highest close in more than two weeks.
The five straight days of gains also form the longest winning streak since the week… more

New unemployment data show why it will take years for the labor market to recover from one of its fastest and deepest declines since World War II, even if recovery is around the corner.

A closely watched index shows home prices posted their first quarterly increase in three years, signaling the housing market has turned a corner.

THE rush back to the markets by investors has allowed the Singapore Exchange (SGX) to finally turn the corner on its falling profitability.

Net profit for the fourth quarter ended June 30 inched up 0.9 per cent to $91.17 million from the same period last year.

Although only a tiny rise, it is still a stunning 64.8 per cent jump over the earnings of $55.3 million for the third quarter ended Mar… more

ASIAN economies appear to have turned the corner from the global recession and should be able to double next year the anaemic growth rates they are expected to post in 2009, the Asian Development Bank (ADB) said yesterday. But it warns in its latest Asia Economic Monitor that the road to full recovery is strewn with hazards.
The biggest single threat to continuing recovery identified by ADB report… more