Philip Chua Business Blog

Posts Tagged ‘last friday’

(SINGAPORE) After a sluggish start, listed companies in Singapore made up for lost time in the second quarter, with their bottom lines jumpstarted by the recovering economy. As of last Friday, the 105 companies that had released their financial results for Q2 ended June reported a 47.1 per cent year-on-year increase in combined net profit to $3.676 billion. And of the 105, an overwhelming majority... more

WITH Wall Street sliding last Friday amid the widening probe into Goldman Sachs and concerns about the sovereign debt crisis in Europe, it won't take a genius to figure out which way Asian markets will head for in today's opening. Given the volatility and constantly changing newsflows, market players have increasingly become momentum traders. And this is likely to continue until some of the grey c... more

THE Dow Jones Industrial index saw its bull run of eight straight days of gains interrupted last Friday, and investors should not be surprised if traders hit the pause button on the rally a few days longer.
The coming week may just contain enough unsettling developments from Washington, DC and Europe in a week otherwise devoid of market-moving numbers.
‘A pause this week won’t surprise or distress… more

That new HSBC loan: too clever by half?
Why not give customers the money outright?

By SIOW LI SEN

LAST Friday, when given the HSBC press release on its new Sibor plus equity-linked mortgage, I spent at least 15 minutes trying to figure out how it worked. The result was that I was so consumed with the promise of thousands of dollars that I paid no attention to the home loan itself.

Eventuall… more

Speculative investors re-entered the USD shorts that were unwound prior to the publication of US non-farm payrolls. This has been a profitable strategy, as the dollar came under renewed pressure in the week to 6 October. Coinciding with the correction higher in US yields last Friday, however, the dollar has…

WALL Street celebrated a sobering anniversary last week by building solidly on a strong rally as the third quarter earnings season got underway with a bang.
Last Friday marked the day two years ago that the stock market hit its all-time high, when the Dow Jones Industrials closed at a best ever 14,164.53 on Oct 9, 2007.
Despite a better than 50 per cent rally now in its seventh month since stocks … more