Philip Chua Business Blog

Posts Tagged ‘press’

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

The Federal Reserve’s open market committee (FOMC) is expected to follow the recent decisions by the ECB, BoJ and BoE and keep interest rates pegged at a record low of 0-0.25% on Wednesday. However, in the accompanying press statement, financial markets will also be looking for confirmation that the FOMC…

That new HSBC loan: too clever by half?
Why not give customers the money outright?

By SIOW LI SEN

LAST Friday, when given the HSBC press release on its new Sibor plus equity-linked mortgage, I spent at least 15 minutes trying to figure out how it worked. The result was that I was so consumed with the promise of thousands of dollars that I paid no attention to the home loan itself.

Eventuall… more

The ECB Council is holding its regular monthly meeting on Thursday. The interest rate decision will be announced at 13:45hrs, the press conference is scheduled for 14:30hrs. Over the last few weeks, policymakers have repeatedly stated that it is too early to withdraw stimulus and declare the crisis over. Against…

THE 30 constituent stocks of the widely watched Straits Times Index (STI) will remain unchanged after a half-yearly review.
The STI is one of the indexes in the FTSE ST Index series owned by Singapore Press Holdings, the Singapore Exchange and Britain’s FTSE Group. The regular reviews aim to ensure the STI and the other indexes accurately reflect the market.
In the previous review, in March, prope… more

The ECB Council is holding its regular monthly meeting on Thursday. The interest rate decision will be announced at 13:45hrs, the press conference is scheduled for 14:30hrs. Over the last few weeks, several ECB representatives have warned against excessive optimism. In addition, the ECB report on EU Banking Sector Stability…

SINGAPORE’S consumer price index (CPI) rose 1.1 per cent in July from June but fell 0.5 per cent year on year, the Department of Statistics (DOS) said yesterday.

Related link:

S’pore H1 CPI :

Click here for DOS’s press release

… more

PROPERTY tycoon Kwek Leng Beng believes the Government may try to cool the property market – if it gets too frothy – by resuming its regular land sales programme as a way to boost supply.
However, the City Developments (CDL) chairman also said yesterday that the current buying momentum can be sustained and should not be seen as over-exuberant.
He was speaking at a press conference during which CDL… more

AP – In the first paragraph of an Aug. 10 story about a mortgage fraud trial, The Associated Press reported that real estate agent Joseph Babajian was acquitted in the scheme, while two others were found guilty. The paragraph should have noted that Babajian was acquitted only of several charges.

AP – Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through ? and enriching ? companies accused of preying on the people they’re supposed to help, an Associated Press investigation has found.