Philip Chua Business Blog

Posts Tagged ‘Monday’

European companies are happy with a weaker euro as it will help them boost exports this year, Europe’s business federation said Monday.







European Union – Export – Business – Government – Multilateral

An unexpectedly strong report on manufacturing activity Monday bolstered confidence that America’s factories will help sustain an economic recovery.







Trade association – Business – Manufacturing – Business Services – Associations

Consumers and businesses filed for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted, an Associated Press tally showed Monday.









Bankruptcy – Associated Press – Law – United States – Services

(SINGAPORE) Economists expect stronger year-on- year (yoy) growth for the final quarter of 2009, although a slump in biomedical output could trigger a quarterly contraction.

The government will announce the Q4 GDP advance estimate next Monday. But Prime Minister Lee Hsien Loong is expected to give an indication of Singapore’s 2009 economic performance and the outlook for 2010 in his annual New Y… more

A KIDNAP scam was thwarted by alert staff from a bank and a remittance company who promptly called the police on Monday afternoon.

Police said that the victim, a 55-year-old housewife, received a call at about 2.30pm while she was at home, from a male caller who spoke to her in Mandarin.

In the background, the victim said she heard what sounded like her 27-year-old son screaming for help befor… more

THE war of the Reits between MacarthurCook Industrial (MI-Reit) in one corner and Cambridge Industrial Trust (CIT) in the other hit a new level yesterday when both firms called trading halts to make announcements.
Their simmering row has mostly been confined to full-page newspaper advertisements but it has intensified in the run-up to Monday’s key meeting to vote on MI-Reit’s financing plans.
CIT … more

Investors kept the stock market’s upward momentum going Monday, sending shares sharply higher as the dollar extended its slide and after retail sales rebounded more than expected.

Federal Reserve Chairman Ben Bernanke on Monday said the central bank will keep a close eye on the sliding U.S. dollar even as he pledged anew to keep interest rates at record lows.

Ben Bernanke – Federal Reserve System – Central bank – Chairman of the Federal Reserve – Government

After hitting their lowest level in a month, oil prices bounced back and settled near $79 Monday on the back of a weaker dollar and rising global stock markets.

A PUSH on the banks helped the Straits Times Index yesterday rise 14.22 points to 2,707.6 in a tepid session that saw the broad market record 163 rises against 218 falls excluding derivatives.
The softness was not overly surprising given that the index had already risen sharply on Monday ahead of the US rally which meant that it made sense for investors to sell into strength yesterday. Providing a… more