Friday, August 21, 2015
Smartphone Sales
A cooling of smartphone sales in China suggests the world's biggest market for the devices has reached a saturation point, posing challenges for manufacturers, a research report said Thursday.
Kiyo JCube
2 Jurong East Central 1
#02-01 Singapore 609731
Tel: +65 6684 2005
#02-01 Singapore 609731
Tel: +65 6684 2005
Opening Hrs:
1030hr to 2200hr daily
1030hr to 2200hr daily
Thursday, August 20, 2015
COE 19 August 2015
Certificate of Entitlement (COE) premiums closed mixed in the latest bidding exercise on Wednesday (Aug 19).
For Category A cars, or those 1600cc and below with horsepower not exceeding 130bhp, premiums closed at S$57,498, up from S$56,209 two weeks ago. Premiums for larger and more powerful cars in Category B rose to S$62,140, from S$60,789.
Open category COEs, which can be used for any vehicle type, but end up being used mainly for large cars, rose to S$61,001 from S$57,885.
Motorcycle premiums closed at S$6,112, down slightly from S$6,201 in the last exercise.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$46,501 from S$49,302 in the previous bidding exercise.
USA Consumer Prices
US consumer prices rose slightly in July, extending a slow year-over-year rise since April as the Federal Reserve plans an interest rate increase this year, official data showed Wednesday.
The Labour Department said its consumer price index rose 0.1 per cent in July, slowing from a 0.3 per cent gain in June and the smallest monthly increase since April.
Facebook remains the dominant social network for US Internet users, while Twitter has failed to keep apace with rivals like Instagram and Pinterest, a study showed Wednesday.
The Pew Research Center report found 72 per cent of Americans who are online currently use Facebook, a modest uptick of one percentage point from a year ago and five points higher than in 2012.
Kiyo Hougang Mall
90 Hougang Avenue 10
#01-09 Singapore 538766
Tel: +65 6386 0804
#01-09 Singapore 538766
Tel: +65 6386 0804
Opening Hrs:
1030hr to 2200hr daily
1030hr to 2200hr daily
Wednesday, August 19, 2015
Emerging Market Economies
The significant slowdown in many emerging market economies is a medium-term trend that could persist for years, a senior Moody's analyst said on Tuesday.
Melbourne
Melbourne is the world's most liveable city but conflict and terrorism have led to a fall in global urban living conditions more generally, according to a respected British study published Tuesday.
For the fifth year running, the Australian city came out on top of the annual Liveability Ranking study of 140 cities, conducted by the Economist Intelligence Unit, ahead of Austrian capital Vienna and Vancouver which came out top in 2011.
The survey scores cities on five broad categories: stability; healthcare; culture and environment; education and infrastructure.
Kiyo Bukit Panjang Plaza
1 Jelebu Road
#02-29/30/31 Singapore 677743
Tel: +65 6760 2863
#02-29/30/31 Singapore 677743
Tel: +65 6760 2863
Opening Hrs:
1030hr to 2200hr daily
1030hr to 2200hr daily
Tuesday, August 18, 2015
Factory Activity in New York
Manufacturing activity in New York state plunged to its weakest level in August since 2009 due to steep drops in new orders and shipments, although optimism on future business improved, a New York Federal Reserve survey showed on Monday.
OPEC
OPEC could potentially boost crude oil production to 33 million barrels a day, the most ever, after international sanctions are removed against Iran amid a global supply glut, according to the country's OPEC representative.
Kiyo Bedok Mall
313 New Upper Changi Road
#B1-68 Singapore 467360
Tel: +65 6386 0804
#B1-68 Singapore 467360
Tel: +65 6386 0804
Opening Hrs:
1030hr to 2200hr daily
1030hr to 2200hr daily
Monday, August 17, 2015
Deutsche Lufthansa
Deutsche Lufthansa AG has secured its status as one of a handful of airlines worldwide with an investment grade credit rating following a 500 million-euro (S$783 million) hybrid-bond issue, Standard & Poor's said.
Siemens AG
Germany's exporter-heavy auto industry, home of carmakers such as Volkswagen AG and Daimler AG, could be poised for a slowdown next year as demand in foreign markets slows, Siemens AG chief executive officer Joe Kaeser said in a newspaper interview.
Kiyo AMK Hub
53 Ang Mo Kio Ave 3
#01-22 Singapore 569933
Tel: +65 6483 9289
#01-22 Singapore 569933
Tel: +65 6483 9289
Opening Hrs:
1030hr to 2200hr daily
1030hr to 2200hr daily
Sunday, August 16, 2015
AY 2015/2016
Is it much easier to gain admission as a first-year undergraduate in all the local universities as compared to the previous decades?
Disorderly Correction
The IMF warned on Friday that China, the world's second-largest economy, could face a "disorderly correction" followed by slower growth if its reform programme slows.
Alibaba
American billionaire George Soros's fund has sold most of its stake in the Chinese e-commerce giant Alibaba, according to regulatory filings Friday.
Saturday, August 15, 2015
USA Industrial Output
US industrial output advanced at its strongest pace in eight months in July as auto production surged in a bullish signal for third-quarter economic growth.
Crude Futures
If crude's slump back to a six-year low looks bad, it's even worse when you reflect that summer is supposed to be peak season for oil. US crude futures have lost 30 per cent since the start of June, set for the biggest drop since the West Texas Intermediate crude contract started trading in 1983.
Friday, August 14, 2015
USA Retail Sales
U.S. retail sales rebounded in July as households boosted purchases of automobiles and a range of other goods, suggesting solid momentum in the economy early in the third quarter.
Ringgit
Malaysia sees no need to re-peg the ringgit to any other currency or impose capital controls in spite of its fall to 17-year lows, central bank governor Zeti Akhtar Aziz said on Thursday.Malaysia sees no need to re-peg the ringgit to any other currency or impose capital controls in spite of its fall to 17-year lows, central bank governor Zeti Akhtar Aziz said on Thursday.
Thursday, August 13, 2015
Yuan
China cut the reference rate for its currency for the third straight day on Thursday, authorities said, after their surprise devaluation of the yuan this week unsettled global financial markets.
The central bank put the yuan's central parity rate at 6.4010 yuan for US$1.0, the China Foreign Exchange Trade System said, a drop of 1.11 percent from the previous day's 6.3306.
Job Openings in US
Job openings in the US decreased in June from the highest level on record as hiring picked up. The number of positions waiting to be filled declined by 108,000 to 5.25 million from a revised 5.36 million in May.
Europe Stock Market
Hopes for a quick recovery from the Greek trauma are being dashed in Europe's stock market. Dragged down by concern China's currency devaluation will hurt exporters, the region's shares suffered their worst single- day decline since October on Wednesday.
Wednesday, August 12, 2015
COE August 2015 Round 1
COE RESULTS
Aug 2015 Round 01
| CAT A | $56,209 |  |
 | ||
| CAT B | $60,789 | |
| ||
| CAT C | $49,302 |  |
| ||
| CAT E | $57,885 | |
| ||
Currency War
China's shock decision to devalue the yuan for the second consecutive day has sparked off turmoil in the currency market, led to fears of a currency war developing and sent stocks reeling.
Singapore Dollar
The Singapore dollar weakened to a five-year low against the US dollar on Tuesday (Aug 11), as investors reacted to the surprise change in China's foreign exchange (forex) policy.
Yuan Devaluation
China cut the value of the yuan against the dollar for a second consecutive day Wednesday, trimming the reference rate by 1.62 per cent and sending a new shockwave through financial markets.
Swiss Re
Natural and manmade disasters caused US$37.4 billion in economic losses during the first half of 2015, proving far less costly than in recent years, reinsurance group Swiss Re said Tuesday.
Stocks in Europe
European stocks ended lower Tuesday after a surprise devaluation of the yuan battered key exporters to China such as auto and luxury goods groups, offsetting news of a technical agreement in Greece's bailout deal.
Tuesday, August 11, 2015
JPMorgan
JPMorgan Chase & Co is cutting its forecasts for yields on longer-maturity Treasuries even as it stands by its call for the Federal Reserve to begin raising interest rates in September. The reason: Oil.
Oil
Oil rose from the lowest level in almost five months in New York as Chinese crude imports climbed to a record in July.
Monday, August 10, 2015
PepsiCo Inc
Diet Pepsi made without aspartame is scheduled to hit shelves across the US on Monday, marking the biggest change to the beverage in three decades.
Richebourg Grand Cru
France's famous Burgundy region has a double reason to celebrate, with a rare vintage from the area emerging as the world's most expensive wine just after the region was named a UN world heritage site.
Richebourg Grand Cru sells at a whopping US$15,195 (S$21,038) a bottle, according to the Wine-Searcher website list of the 50 dearest vintages.
Sunday, August 9, 2015
Typhoon Soudelor
A powerful typhoon battered Taiwan on Saturday with strong wind and torrential rain, cutting power to nearly three million households and killing four people.
By mid-day, as the eye of Typhoon Soudelor passed Taiwan, four people were missing and 64 injured and hundreds of flights delayed or cancelled, authorities said. More than 7,500 people have been evacuated.
Home Purchases in Australia
Australia is cracking down on foreigners who unlawfully own residential properties, investigating hundreds of cases ahead of the introduction of tougher penalties, Treasurer Joe Hockey said on Saturday.
Saturday, August 8, 2015
Janus Capital Group Inc
Bill Gross, money manager at Janus Capital Group Inc., said the global economy is "dangerously close to deflationary growth."
Goldman Sachs
Malaysian anti-corruption officials investigating state investor 1MDB for alleged graft visited the local office of Goldman Sachs last month seeking documents relating to the state firm, two people familiar with the visit said.
Friday, August 7, 2015
NECDC
NECDC had been sending unwanted sms to my mobile number.
How did it obtain my number?
Who gave it the permission to text me?
Brent Oil Prices
The price of a North Sea crude which underpins the Brent oil benchmark has fallen after a supertanker heading to South Korea unexpectedly turned back, leaving supply more ample, traders and analysts said.
Gold
Gold steadied on Thursday as investors awaited US employment data that could bolster prospects of the Federal Reserve raising interest rates as early as next month.
Thursday, August 6, 2015
Morgan Stanley
Morgan Stanley said on Wednesday it has raised US$1.7 billion for its eighth direct investment real estate fund.
The fund, called North Haven Real Estate Fund VIII Global, has already made investments in the United States, UK, Austria, Japan and Australia.
Messenger by Facebook
Facebook Inc rolled out features Wednesday that enable businesses to privately communicate with customers through messages as part of the social networking company's push to make its Messenger app a stand-alone platform.
Wednesday, August 5, 2015
Jobs in USA
US private employers hired 185,000 workers in July, which was the smallest increase since April and reduced expectations of a strong jobs reading in the government's payrolls report due Friday, according to a payrolls processor on Wednesday.
Apple
Apple, the world's most profitable mobile phone maker, has denied a media report that it is working on a plan to market communications services directly to consumers and bypass telecom operators.
Currency Effect
The list of the world's largest banks by assets is dominated by China due to currency effect. And US banks have been booted out of the top five due to different accounting standards.
Tuesday, August 4, 2015
Stocking Up on US and Singapore Dollars
Speculation that the strength of the ringgit will continue to weaken has led to many stocking up on US and Singapore dollars in the hopes of a profitable cash-out in the near future.
Gold
Gold held an advance as money managers stayed net-short on bullion for a second week, spurring speculation that some investors will close out bets on lower prices.
Fuel Storage
Oversupply in oil products, in tandem with a crude glut, has brought back memories of the 2008-2009 crisis, but traders say the climate is not right now for a repeat of large scale fuel storage at sea.
Monday, August 3, 2015
Fiat Chrysler
The cybersecurity issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles last month could pose a problem for cars and trucks from other automakers, the top US auto safety regulator said.
IAAF
Athletics looks set to be plunged into a new doping crisis after IAAF test data leaked to two news organisations showed hundreds of suspect samples from athletes, including Olympic and world championship medallists, the BBC reported.
Sunday, August 2, 2015
South Korea Export
South Korean exports fell for a seventh straight month in July over a year earlier, further clouding the outlook for the struggling economy as demand from China, Europe and other major markets remains weak.
VEP Fee to Malaysia from Singapore
Foreign private vehicles entering Malaysia from Singapore will be required to pay an RM20 (S$7.18) fee from October 1.
Saturday, August 1, 2015
FedEx and TNT Express
Logistics companies FedEx and TNT Express said they were still on track to complete their proposed combination in the first half of 2016, despite the European Commission's announcement of an in-depth competition review of the deal earlier on Friday.
Windows 10
Some 14 million people installed the Windows 10 operating system in the first 24 hours following its release, Microsoft said, calling the response "overwhelmingly positive." The company said its new operating system aimed at computers, mobile devices and other gadgets got off to a strong start toward its goal of reaching one billion devices.
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