Philip Chua Business Blog

Posts Tagged ‘expansion’

FIRST, the good news. Singapore’s economy has moved beyond the initial post-crisis bounce of growth and will continue to expand as genuine demand begins to stabilise around the world.
But Singaporeans must prepare for a ’slower and steadier’ pace of expansion next year than they are used to, said the Monetary Authority of Singapore (MAS) yesterday.

Even though Asian economies have recovered stro… more

Sterling has had a poor trading week, resulting in it being the weakest G-10 currency this week. GBP/EUR has closed at €1.0793, a fall of 0.77%. UK economic data have been mixed – whilst the services PMI rose to 55.3, marking the 5th consecutive monthly expansion in the sector, the…

(SINGAPORE) Singapore’s purchasing managers’ index (PMI) reading for September, released yesterday, fell to 50.6 from August’s 54.4, a sharper slowdown in manufacturing expansion than had been expected.
After July and August’s strong industrial production, most economists have raised their growth forecasts for Q3 gross domestic product (GDP), for which the government will release advance estimates… more

AP – Wal-Mart Stores Inc.’s expansion in fast-growing emerging markets will fuel earnings and revenue growth, an analyst said on Monday, while giving shares of the world’s largest retailer an “Outperform” rating.

Sterling has been on a roller-coaster ride over the week, rallying strongly after a plethora of economic data provided a series of upward surprises. Purchasing managers’ index (PMI) data suggested that both the manufacturing and service sectors had moved into expansion. In that context, the Bank of England surprised many…

Reuters – A closely-watched gauge of U.S. factory activity likely rose in July but stayed below the level showing expansion, suggesting the economy might start to emerge from recession in the second half of the year.