Philip Chua Business Blog

Posts Tagged ‘March’

A broad-based flight from the riskier currencies coupled with Euro-zone sovereign debt fears have seen non-commercial investors add to their net long USD positions, which have now reached the highest levels since March last year.

Two of the most cited economic indicators over the past year have been first time jobless claims and continuing jobless claims. Both have declined by a third since their respective peaks in the spring and summer of last year. In one five day period in March 2009 674,000 newly unemployed…

The harmonized EMU unemployment rate has been rising since April 2008, by a total of 2.6 percentage points to 9.8% so far. The regional differences are striking: while the German rate was unchanged from March 2008, the Spanish rate jumped by almost 10 percentage points in the same period. We…

ONE big question that emerges from the whole sorry Sino-Environment saga is why trading of its shares continued for six months after it became likely that the company would be brought down by the problems that beset it.
Waste recycler Sino-Environment hit the headlines in March when its founder and chairman, Mr Sun Jiangrong, abruptly admitted he had put the company in jeopardy as a result of exce… more

Stock market volatility is back, a signal to some experts that the powerful rally that started in early March may be coming to an end.

In FX, the greenback tried its best to break key levels during the early part of the trading week and ditch the carry-trade funding reputation it has acquired since spring, but EUR/USD managed to hold the key 1.4630 March uptrend line. The dollar’s price action sustained its inverse relationship to…

MOST of our portfolios ended lower as investors were sitting on the fence waiting for companies to report their third quarter earnings.
The biggest decline was posted by the one-year top losers portfolio which shed a significant 4.1 per cent. Investors took profits off a few stocks which had run up quite a bit since March this year. Among them were Ausgroup, Bio-Treat, China Oilfield Technology, … more

Plenty of investors are walking around dwelling on that most painful of questions: What if?

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Diversified stock investment

What if they had jumped back into the stock market in late March or April, soon after the market bottomed out?
Since then, the white knuckle pa… more

(SINGAPORE) United Overseas Bank (UOB) is offering to redeem at full value some $150 million worth of structured investment products that it sold to retail investors in 2005.
The market value of the Prudential Yield 15 and Yield 20 funds, both of which mature in June next year, fell to less than half their starting price in March this year, but have since recovered most of the losses.
UOB said it … more

THE Singapore economy has staged a stunning recovery since the second quarter and economists are unanimous that it will continue into 2010. The STI has jumped 86 per cent from its low on March 9 and the property market has turned frothy.
Yet, Finance Minister Tharman Shanmugaratnam announced in Parliament on Monday that he will present another big-spending budget next year, on the heels of the ext… more