Philip Chua Business Blog

Posts Tagged ‘Global’

CONSUMER confidence has rallied here, as key Asian markets continue leading the world out of recession.
A new survey found confidence rose nine points from April to November, matching the global average, as better job prospects and healthier savings gave people heart. However, Singapore consumers, like those across the world, are still nervous about economic prospects, the Nielsen Global Consumer … more

GLOBAL economies may have taken a beating in the past 12 months, but the crisis could have the unintended outcome of prolonging the life of Mother Earth, a new survey shows.
According to a study commissioned by German technology conglomerate Siemens, investments in more environmentally friendly technologies are set to increase as green shoots of growth emerge after a year-long recession.

The stu… more

Global leading indicators continue to look strong. Global PMI climbed further to 55.7, the highest level since June 2007, indicating global growth above trend. OECD leading indicators are also rising sharply pointing to more strength in coming 3-6 months. However, some of the very early indicators such as the order-inventory…

THE independent directors of a Singapore-listed investment fund – Global Investments – are embroiled in a dispute with the company’s biggest shareholder over the appointment of a fund manager to run its business.
Its previous fund manager fell victim to the global financial crisis last year. Global Investments announced last month that it wanted to hand over the job to ST Asset Management – a fund… more

THE surge of foreign fund inflows into Asian equities is beginning to abate.
Data from EPFR Global shows that inflows into Asia excluding Japan peaked around US$14 billion at the beginning of September and has remained around that level since then.
The statistics are significant as EPFR tracks fund flows and asset allocation of traditional and hedge funds controlling some US$10 trillion in total … more

Singapore expected to benefit from its direct domestic plays, says AMPCI
GLOBAL equities are at the early stage of a three-to-five-year bull market, said Kerry Series, head of Asia Pacific Equities at AMP Capital Investors (AMPCI).
Mr Series, who spoke to BT in Singapore yesterday, noted that Asian stocks could outperform on the back of stronger earnings growth and investor demand.
Despite the m… more

Reuters – Global miner Rio Tinto further improved its cash position on Monday by agreeing to sell its Americas food packaging business for $1.2 billion, and analysts said they expected more asset sales to follow soon.

Reuters – Global miner Rio Tinto wrapped up one of the world’s biggest rights issues on Friday, saying its Australian shareholders had taken up 94.76 percent of their entitlements to the new shares.