Philip Chua Business Blog

Posts Tagged ‘firm’

A firm 'risk on' day with even a larger-than-expected fall in US ISM nonmanufacturing unable to stem the equity rally. Good demand for Spain's fi rst syndicated government bond offering (€6bn of 10yr bonds) since February gave equities a boost leading to a 2.5%+ rally in Europe. Despite ISM nonmanufacturing

NOT surprisingly, after losing about 70 points in a two-day sell-off on Tuesday and Wednesday, the Straits Times Index yesterday managed a bounce of 26.97 points to 2,959.01, described as 'technical' in some circles, but more likely due to short-covering. The broad market, however, was marginally firm, recording 226 rises versus 139 falls, excluding derivatives. Turnover was a moderate 1.9 billion... more

John Malkovich, the actor, is seeking to recover $2.3 million from an account he had with the securities firm of Bernard L. Madoff.

The dollar has been firm this week. The upbeat equity market could have supported the greenback: the Dow is now heading towards the 11000 mark, and would thus return to pre-Lehman levels. But the main impetus came from Europe. The to-ing and fro-ing in the eurozone on the issue of…

The Securities and Exchange Commission filing was the final step in the company’s years of effort to become a publicly traded private equity firm.

Between Christmas and New Year, the US currency remained firm for the most part. The dollar was boosted primarily by hopes of the economic recovery continuing and the upbeat mood in equity markets. Although the Fed is trying hard not to alarm bond markets prematurely, market participants are bracing themselves…