Philip Chua Business Blog

Posts Tagged ‘note’

The dollar fell versus its counterparts except the Canadian dollar on Friday after a Labor Department report showed July US nonfarm payrolls dropped more than expected. US interest rates declined and the S&P 500 slipped 4.17 to 1,121.64. The yen advanced as US 2-year note yields fell below 0.50% for

AS THE curtain fell on the first quarter, investors on the local bourse scrambled yesterday to lock in profits from a generally slow and steady March rally.
This sent the Straits Times Index (STI) tumbling 45.9 points, or 1.57 per cent, to 2,887.46, its biggest one-day fall since Feb 5.
This put paid to expectations in some quarters that the benchmark would end the quarter on a positive note.
Even… more

The week in currency trading began on a subdued note as European leaders continued to send out conflicting signals over aid to Greece ahead of Thursday’s EU Summit. Tensions within the EMU were highlighted by comments from the Greek Deputy PM, who accused Germany of letting its banks to speculate…

DRIVERS who make false statements on a vehicle accident to insurance companies, take note.

The Motor Insurance Taskforce, set up last September to address the issue of rising motor-insurance premiums, said yesterday that it is proposing to criminalise false accident reporting to insurers.

This proposal is one of nine recommendations that the taskforce hopes will help lower the increasing premi… more

AMID the general optimism over equities in Asia and the emerging markets, strategists at Barclays Wealth have sounded a note of caution over valuations in Asia. This runs counter to the consensus view that Asian growth is set to outstrip that of developed economies – a point that isn’t in dispute – and that market weakness is a buying opportunity.

Says Aaron Gurwitz, Barclays Wealth managing di… more

Currency dealers watched US yields this week for clues on the direction FX trading would take in the first months of the new year. The dollar price action mirrored yields in the US two-year note all week: yields in the note climbed to test 1.18% early on, aiding the dollar,…