Philip Chua Business Blog

Posts Tagged ‘month’

The stock market eked out a gain as investors took glum economic news in stride. The small gains still left stocks with a loss for the week but the Dow and S&P 500 logged their best month since November.









Gross domestic product – Business – Economy – Government – Investing

Greece remained on the radar screen as massive private sector strikes on Wednesday and negative statements from rating agencies emphasised the uncertain outlook. Standard & Poor’s said late on Wednesday that it might cut Greece’s BBB+ rating by one or two notches within a month. This drove EUR/USD down further…

THE Housing Board has released 1,534 flats at two new projects, in the latest move to allay widespread fear of a public housing shortage.
Yesterday, it launched 750 build-to-order (BTO) units in Punggol and 784 in Woodlands. A further 1,000 BTO flats in Sengkang and Sembawang are slated for launch next month.
The launches are in line with the HDB’s plan to offer an islandwide spread of 7,000 BTO f… more

POLICYHOLDERS of NTUC Income can expect a surprise bonus this year to commemorate its 40th anniversary. Yesterday, its chief executive Tan Suee Chieh told The Straits Times that it is likely to do ’something special’ for its customers to mark the anniversary.
Details will be announced when the insurance cooperative posts its investment performance next month or in April.
Besides the good news for … more

Week after week, we continue to see evidence that the recovery in the U.S. economy is underway. Indeed, this morning’s advanced retail sales report showed that consumer appetite for spending is on the mend, rising 0.5% in January. Compared to year-ago levels, sales were up 4.7% on the month. Although…

The dollar has surged to an 8-month high against the euro, and is also rising against other currencies. Its strength could start damaging the fragile U.S. recovery.

United States – European Union – Gross domestic product – Greece – Government

MANUFACTURING output increased by 14.4 per cent last month on a year-on-year (y-o-y) basis.

And excluding the volatile biomedical manufacturing cluster, output increased by 23.9 per cent.

The electronics cluster saw the biggest jump with a 57.3 per cent increase in output last month (y-o-y).
The Singapore Economic Development Board (EDB) attributed this to higher demand, coupled with the low b… more

Sterling ended among the best performers of G10 currencies this week, logging gains of 1.6% vs the Swiss franc, the Norwegian Krone and the euro. €/£ tumbled to a 4-month low of 0.8810 (£/€ 1.1350) after concerns flared up over the deterioration of public finances in Greece, and BoE MPC…

Industrial production rose in line with expectations in December as electric and gas utilities stepped up output in an unusually cold month, a Federal Reserve report showed on Friday.







Federal Reserve System – Industrial production – Business – Economic – Social Sciences

Americans borrowed less for a 10th consecutive month in November with total credit and borrowing on credit cards falling by the largest amounts on records going back nearly seven decades.









Credit card – Business – Financial services – Personal Finance – Banking Services