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2010-03-12 04:10
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Posts Tagged ‘month’

Stocks edge higher after mixed economic data

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 productBusinessEconomyGovernmentInvesting

Weekly Focus: Greece Blocks ECB Exit

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…

HDB launches 1,534 new BTO flats

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

Surprise bonus for Income customers

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

The Weekly Bottom Line

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…

Latest threat to recovery? Strong dollar

An Egyptian walks in front of a poster of the U.S dollar in Cairo, Egypt, Sunday. Gains in the currency will hurt exports, which are big contributors to the U.S. economy.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 StatesEuropean UnionGross domestic productGreeceGovernment

Dec output jumps 14.4%; points to economic recovery

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 Hits 4-Month High vs Euro

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 rises in December

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 SystemIndustrial productionBusinessEconomicSocial Sciences

Consumer borrowing falls sharply in November

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 cardBusinessFinancial servicesPersonal FinanceBanking Services

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