Philip Chua Business Blog

Posts Tagged ‘role’

HONG Kong’s weakness probably played a pivotal role in yesterday’s 5.36-point loss in the Straits Times Index to 2,913.94, although just as important was the fact that the index had already shot up by 130 points since closing at 2,790 on March 5. A third factor was Europe’s soft opening across all markets, suggesting that expectations were for a weak Thursday on Wall Street.
Genting Singapore was … more

Gary Gensler, head of the Commodity Futures Trading Commission, is the leading contender to oversee the instruments that played a key role in the financial crisis.

IT HAS been reassuring to learn how the Singapore Exchange’s (SGX) Regulatory Conflicts Committee (RCC) reviews perceived and actual conflicts that could arise from the exchange’s status as a self-regulated organisation and its dual role as a listed company and a market regulator.
Among various things, the committee looked into how SGX handled the recent lapses at S-chips here and scrutinised deal… more

COMMODITY markets have had a pretty good run so far – gold hit a record US$1,070.40 per ounce over a week ago, while oil crossed US$80 a barrel last Wednesday.
Similar rallies were also seen in silver and the industrial metal copper.
Clearly, the US dollar weakness has a role to play in this as investors rebalance their portfolios to hedge against the American currency.
But beyond that, the good n… more

AP – A House panel is investigating the role of mortgage lenders in the financial crisis and is seeking information from some of the biggest U.S. companies to determine if they used deceptive practices to lure borrowers into the housing boom.

A government watchdog said the $700 billion bailout played a major role in rescuing the economy but also engenderedd distrust because of secrecy and confusion surrounding the program.