Markets on roller coaster amid fear, hope, greed
SINGAPORE – The markets were on a roller coaster last week as the forces of fear, hope and greed collided. Fear of inflationary forces put downward pressure on stocks, while […]
US inflation data for May set to take centre stage this week
SINGAPORE – Equity markets continued to grind northwards despite concerns about inflation and potential tightening of monetary policies by central banks. Indeed amid signs of supply side constraints which could […]
HDB resale prices rise for 11th straight month as volume dips on tighter Covid-19 rules
SINGAPORE – Tightened Covid-19 measures had some cooling effect on the Housing Board resale market last month as fewer property viewings were conducted in person, resulting in fewer flats changing […]
Applications for temporary Covid-19 recovery grant to begin on June 3
SINGAPORE – Applications for the Covid-19 Recovery Grant (Temporary) (CRG-T) will begin on Thursday (June 3) and end a month later on July 2. The grant, announced last Friday, is […]
Tussle between growth optimism, inflation fears
The market is currently caught between fear over inflation and optimism about the upcoming economic recovery. After see-sawing for much of the week, Wall Street indexes ended last Friday’s session […]
Man who was part of unlawful gathering at actor Terence Cao’s home fined $3,000
SINGAPORE – Veteran actor Terence Cao Guohui, who had initially organised a gathering at his home for himself and five others last October, later found more guests at his doorstep […]
Strong earnings poised to lift shares higher
SINGAPORE – As if low interest rates and massive liquidity injections were not enough, equity markets look set to be further fuelled by blowout corporate first-quarter results. On Wall Street, […]
MOM to carry out 300 more checks in high-risk workplaces after 7 deaths from accidents in Feb
SINGAPORE – Following a spate of workplace accidents this month which saw seven people killed, the Ministry of Manpower (MOM) is adding 300 inspections in high-risk industries. In a Facebook post […]
China exports beat forecasts with 18.1% growth in December
BEIJING • Chinese exports grew by more than expected last month, Customs data showed yesterday, as coronavirus disruptions around the world fuelled demand for Chinese goods even as a stronger […]
Opec+ warns of risk to oil recovery from resurgent Covid-19 pandemic
LONDON (BLOOMBERG) – Opec warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider another increase in production. […]
Opec+ meeting to decide output level, maintain market influence
LONDON • Members of the Organisation of the Petroleum Exporting Countries (Opec) and their partners will hold a video conference tomorrow to decide on production levels for next month, hoping […]
Jobless claims dip in US, but recovery yet to take hold
WASHINGTON • Fewer Americans sought unemployment benefits last week, but the modest drop did little to dispel concerns that the US job market and wider economy face an arduous recovery […]
Sale of new, resale private homes on the rise
The private home market resumed its upward march in November, with sales up nearly 19 per cent compared with the previous month following a surge in the number of new […]
Dow wraps best month since 1987 on Covid-19 vaccine hopes
NEW YORK (AFP) – The Dow concluded its best month in more than three decades on Monday (Nov 30), with gains propelled by expectations for a 2021 recovery based on […]
Singapore non-oil exports post surprise 3.1% drop in October
SINGAPORE – Singapore’s non-oil domestic exports (Nodx) shrank unexpectedly in October, snapping four straight months of growth, due to fewer shipments of non-monetary gold and electronics such as integrated circuits. Nodx fell 3.1 […]