Posts Tagged ‘note’
Dollar Falls on Employment Data
STI drops as rally comes to sudden halt
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
Market Weekly Wrap
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…
Car-insurance cheats, watch out
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
Caution over equity valuations in Asia
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
Weekly Market Wrap
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,…



