Philip Chua Business Blog

Posts Tagged ‘International’

Treasury Secretary Timothy Geithner will face a congressional grilling later this month about the suppression of key details on deals that funneled billions to big investment banks.

New York Federal Reserve Bank – Timothy Geithner – United States Treasury Secretary – Government – American International Group

The currency markets have a newly enhanced obsession with statistics. Ten years ago economic statistics engaged the market two or three times a month. Major economic indicators like the United States International Trade Balance or the unemployment rate would command the speculative attention of the market and the occasional surprise…

The U.S. trade deficit unexpectedly narrowed in October as exports surged to the highest level in nearly a year.







Balance of trade – Balance of payments – Business – Economic – International Business and Trade

The currency markets have a newly enhanced obsession with statistics. Ten years ago economic statistics engaged the market two or three times a month. Major economic indicators like the United States International Trade Balance or the unemployment rate would command the speculative attention of the market and the occasional surprise…

S’pore workers can expect 3% pay rise next year: survey
By FELDA CHAY

SUFFERED a pay cut or freeze this year and wondering when your wages will increase? A survey by human resource firm ECA International shows that employees here can expect a 3 per cent salary increase as early as next year, and only 11 per cent of companies surveyed are proposing a pay freeze for 2010.

The ECA Salary Trends… more

(SINGAPORE) Gold surged to a new record yesterday, crossing the US$1,090 level for the first time, a day after the International Monetary Fund announced a massive sale of the metal to India.
The precious metal touched US$1091.1 an ounce by late afternoon – up 2.8 per cent from US$1061.50 a day ago.
Analysts said a weaker dollar could push prices to US$1,100 an ounce.
Indeed, traders say gold is… more

THE International Monetary Fund (IMF) has upgraded its growth outlook for Singapore for the second time this month while leaving forecasts for other Asian nations unchanged.
It now tips that Singapore’s gross domestic product (GDP) this year will be minus 1.7 per cent, up from an initial forecast of of minus 3.3 per cent.
Growth for next year was also raised – from 4.1 per cent to 4.3 per cent – w… more

(SINGAPORE) While the jury is still out on whether the recovery we are seeing today will be ‘V’ or a ‘W’ shaped, investors are becoming as euphoric as they were during the height of the stock market boom in the third quarter of 2007 – which is worrying some market observers.
Last week, International Netherlands Group (ING), a global financial institution based in Netherlands, released its ING Inve… more

Reuters – American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year.

Nothing charges the volatility of the currency markets like an unexpected result for a well watched economic statistic. A decade ago the United States International Trade Balance caused violent gyrations in the Forex market, so much so that traders referred to those Friday morning sessions as “New York Fridays” naming…