Tuesday, October 13, 2015
Dell Buys EMC
US stocks opened little-changed Monday as computer giant Dell announced it was buying data-storage giant EMC Corporation for US$67 billion.
Monday, October 12, 2015
Costs of Haze
Early estimates by the Joko Widodo administration indicate that the haze crisis could set Indonesia back by up to 475 trillion rupiah (S$47 billion) - no chump change to a government already grappling with a sliding rupiah and sluggish growth.
Petrobras
Damage from the gargantuan corruption scandal centred on Brazilian state oil company Petrobras could amount to as much as 20 billion reais (S$7.4 billion), a lead prosecutor said on Friday.
Sunday, October 11, 2015
Ferrari
Fiat Chrysler Automobiles is planning a US stock debut for Ferrari that values the luxury Italian sports carmaker at nearly US$10 billion, according to a filing with US regulators Friday.
Sharp Corp
A Japanese government-backed fund is considering investing in embattled Sharp Corp to take the initiative in reorganising the electronics maker's operations, Nikkei business daily reported, without citing sources.
Climate Funds
Development banks including the World Bank have pledged an additional US$15 billion a year by 2020 to fight climate change, taking the world closer to the clutch target of US$100 billion, officials said on Friday.
Saturday, October 10, 2015
G20 Ministers
Finance ministers from the world's leading economies gave the green light Friday to a new plan to crack down on tax evasion by multi-national corporations, which costs countries at least US$100 billion a year.
Spending Power in UK
As household-spending power surges toward a 13-year high, economists predict the boom for consumers may be short lived in UK.
Wholesale Inventories in USA
US wholesale inventories rose in August, boosted by larger stocks of computers and professional equipment used by businesses.
Friday, October 9, 2015
StanChart
Standard Chartered's new Chief Executive Bill Winters plans to cut up to a quarter of the bank's most senior staff to reduce costs, according to a memo sent to staff, which is likely to see about 1,000 top jobs go.
Winters said he planned to reduce the number of staff who are graded in bands 1-4 by a quarter, according to an internal memo seen by Reuters. Those bands cover bankers at director level and higher, and include about 4,000 staff.
Facebook's New Feature
Facebook will begin testing a new feature allowing users in Ireland and Spain to express a range of emotions on posts starting Friday - but there will be no "dislike" button, the social network said.
Sugar Cartel
Colombia fined sugar producers a total of US$112 million for anti-competitive practices following a complaint lodged in 2010 by Coca-Cola Femsa SAB, Nestle de Colombia SA and other buyers.
Consumer Confidence in USA
Consumer confidence climbed for a third week to reach its highest level since mid-April as Americans held more favorable views of the economy, buying climate and personal finances.
Bill Gross
Famed bond investor Bill Gross has sued his former employer Pacific Investment Management Co and its parent Allianz SE for US$200 million, claiming he was wrongfully ousted by a "cabal" of executives who wanted his share of the bonus pool.
Thursday, October 8, 2015
Soup Restaurant Buffet
A buffet at popular chain, Soup Restaurant is something we would least expect, but it is happening now!
From Monday to Friday (11.30am to 5pm), enjoy free-flow of Soup Restaurant’s signature dishes for an affordable price of just S$18.90++ per pax at both their Hougang Mall and VivoCity outlets.
Soup Restaurant at Hougang Mall:
90 Hougang Ave 10 #02-21
Hougang Mall
Singapore 538766
Tel: +65 6386 6188
Mon to Fri: 11.30am – 2.30pm
90 Hougang Ave 10 #02-21
Hougang Mall
Singapore 538766
Tel: +65 6386 6188
Mon to Fri: 11.30am – 2.30pm
Soup Restaurant at VivoCity
1 HarbourFront Walk #02-141
VivoCity
Singapore 098585
Tel: +65 6376 9969
Mon to Fri: 11.30am – 5pm
1 HarbourFront Walk #02-141
VivoCity
Singapore 098585
Tel: +65 6376 9969
Mon to Fri: 11.30am – 5pm
Emerging Market
Emerging market companies have an estimated US$3 trillion in overextended loans that threaten to trigger a sharp credit crunch and capital outflows in economies that have already been hit hard by low commodity prices, the International Monetary Fund said on Wednesday.
Haze
Singapore's Minister for Foreign Affairs Vivian Balakrishnan has revealed for the first time that Indonesia has accepted Singapore's offer to help with the haze.
Wednesday, October 7, 2015
COE 07 October 2015
Cat A COE prices for cars up to 1,600cc rose slightly from $55,399 to $56,001, while Cat B COE prices for cars above 1,600cc fell from $60,001 to $58,190.
Cat C COE prices for goods vehicles and buses ended at $44,890, down from $45,289. Meanwhile, Cat D COE for motorcycles rose from $6,158 to $6,201.
Cat E Open COE prices for any vehicle type also fell from $61,300 to $58,801.
Nobel Prize for Physics
Japan's Takaaki Kajita and Canada's Arthur B. McDonald won the 2015 Nobel Prize for Physics for their discovery that neutrinos have mass, the award-giving body said on Tuesday. "The discovery has changed our understanding of the innermost workings of matter and can prove crucial to our view of the universe," the Royal Swedish Academy of Sciences said in a statement awarding the 8 million Swedish crown (S$1.37 million) prize.
World Growth Forecast
The IMF on Tuesday cut its growth forecast for the world economy for 2015 and 2016, warning of growing risks from the slowdown in China and other emerging markets.
The global economy will expand just 3.1 per cent this year and 3.6 per cent next year, the IMF predicted, revising down its previous forecasts by 0.2 percentage points in both cases.
Tuesday, October 6, 2015
Coca-Cola Singapore
Coca-Cola Singapore Beverages (CCSB) will wind down its manufacturing operations at its bottling plant in Tuas over the coming months in response to Singapore's economic restructuring drive.
Pacific Trade
Pacific trade ministers have reached a deal on the most sweeping trade liberalization pact in a generation that will cut trade barriers and set common standards for 12 countries, an official familiar with the talks said on Monday.
Global Business Growth
Global business growth slowed to its weakest pace this year in September as demand faltered despite firms cutting prices for the first time since January, a survey showed on Monday.
IMF
China has the capacity to manage its economic slowdown but needs to communicate policy more effectively and guard against potential spillovers, the International Monetary Fund said on Monday.
Monday, October 5, 2015
Payrolls in September
Payrolls rose less than projected in September, wages stagnated and the jobless rate was unchanged as people left the workforce, signalling the global slowdown and financial-market turmoil are rippling through the world's largest economy.
Digital Economy
The gap is narrowing between the rent paid by technology-related companies and financial-services businesses in cities including San Francisco and Hong Kong as the digital economy expands.
Schools in Malaysia
Malaysian authorities on Sunday ordered most of the country's schools shut for two days because of possible health risks posed by the thick haze from Indonesian forest fires.
Sunday, October 4, 2015
Volkswagen
Volkswagen AG said on Saturday it was suspending sales of some diesel vehicles in Australia that may have been fitted with devices designed to mask the level of emissions.
Alphabet and Google
Google announced that its new corporate structure was to be effective Friday, with shares of "Alphabet" parent company hitting the stock market on Monday Alphabet - the new parent of the Google search unit and a variety of other separate technology divisions - will trade under the old GOOG and GOOGL symbols on the Nasdaq exchange, according to the California-based firm.
Gold
Gold jumped more than 2 per cent on Friday and silver surged over 5 per cent for its best day this year as weaker-than-expected US jobs data dented expectations the US Federal Reserve will raise interest rates this year, triggering short-covering.
Saturday, October 3, 2015
Global Oil Investments
Global oil investments this year are on track to drop by 20 per cent, marking their biggest decline in history, Fatih Birol, head of the International Energy Agency, said on Friday.
Deutsche Bank
Deutsche Bank plans to invest more in technology to prevent money laundering, according to the head of the division that processes its transactions
Jobs in USA
US employers slammed the brakes on hiring over the last two months and wages fell in September, raising new doubts the economy is strong enough for the Federal Reserve to raise interest rates by the end of this year.
Friday, October 2, 2015
USA Manufacturing Sector
The pace of growth in the US manufacturing sector slowed in September while remaining at its lowest level since May 2013, according to an industry report released on Thursday.
Uber
Ride-sharing giant Uber launched a petition that had more than 116,000 signatures by Thursday against proposed regulation in London that would force drivers to pass English language and map reading tests.
H&M Tampines
Tampines Mall
Facing MRT Station
#02-25/26 and #03-24/25
Tel: 64438823
10am to 10pm daily
Thursday, October 1, 2015
Reliance
Indian mobile telecoms operator Reliance Communications Ltd will partner conglomerate Reliance Industries Ltd's telecoms unit to trade and share mobile airwaves and offer high-speed 4G services.
Jobs in USA
US private employers added 200,000 jobs in September, beating economists' expectations and suggesting there might be enough jobs growth for the Federal Reserve to raise interest rates later this year, a report by a payrolls processor showed on Wednesday.
Glencore Plc
Glencore Plc recouped most of its losses from Monday's 29 per cent plunge as the shares rallied for a second day, with investors spying a bargain and metals prices rising.
Wednesday, September 30, 2015
New SG50 Note Folders
Singaporeans who missed out on getting themselves the coveted SG50 note folders have reason to cheer as the Monetary Authority of Singapore (MAS) has announced on Wednesday, Sep 30, that more folders will be available from November.
The MAS said every Singaporean household is entitled to two SG50 note folders from Nov 11 to 30 and can be collected for free at any community centre or club (CC).
USA Home Prices
US home prices growth remained essentially unchanged in July as the strong housing market continued to give steady support to the US economy, according to private data released Tuesday.
Kermadec Ocean Sanctuary
New Zealand has unveiled plans to create a South Pacific marine sanctuary the size of France, saying it would protect one of the world's most pristine ocean environments.
Prime Minister John Key said the Kermadec Ocean Sanctuary would cover an area of 620,000 sq km about 1,000 km off New Zealand's northeast coast.
Bill Gates
Microsoft founder Bill Gates retained his title as wealthiest American, while three founders of online companies joined the top 10, according to the Forbes 400 list released on Tuesday.
Tuesday, September 29, 2015
Starbucks Corp
Starbucks Corp is trying out the buy-one, give-one model embraced by startups like Toms Shoes and Warby Parker.
Starting Tuesday, the chain will donate a coffee tree to farmers for every bag of coffee beans that customers buy from its 7,400 US company-owned locations. The yearlong program is part of an effort to raise awareness about the rust fungus that's damaging crops in Central America.
Alcoa Inc
Alcoa Inc said on Monday it will split into two companies to separate its struggling aluminum smelting operations from production of lightweight metals for its faster-growing aerospace and automotive business.
Apple Inc
Apple said on Monday it had sold more than 13 million iPhone 6s and 6s Pluses during their first weekend of availability in 12 markets, setting a record for its marquee product.
Monday, September 28, 2015
Ringgit
Malaysia's ringgit headed for its biggest weekly decline since a US dollar peg was imposed in 1998 as investigations into a state investment company spread to the US, exacerbating losses driven by a slowdown in China and tumbling commodity prices.
Rate Hike
When the US Federal Reserve last week opted against its first rate hike in nine years, governments around Asia breathed a sigh of relief. But that relief could be short lived. While the region's biggest economy, China, can likely withstand any negative flow through whenever the Fed does eventually move, others, like Malaysia are braced for a hit to growth.
Interest Rates
Kansas City Fed President Esther George on Friday said she believes the Fed should raise interest rates soon so that it will "have the luxury" of being able keep rate hikes gradual.
Sunday, September 27, 2015
Technical Recession
The factory output numbers for August are worse than expected - and the question on the lips of some economists now is not whether Singapore is already in a technical recession, but how serious it is.
Boeing Tanker Plane
Boeing Co's first fully equipped KC-46A refueling plane completed a four-hour inaugural flight on Friday, a milestone for the US$49 billion program that has run into cost and schedule issues in recent years.
Pound
The pound may arrest its slide against the euro because the Bank of England will increase interest rates much sooner than markets are predicting, according to BNP Paribas SA.
Saturday, September 26, 2015
USA Services Sector
Growth in America's services sector eased during September to its slowest rate at any time during the last three months as new business expansion weakened for a second month, an industry report showed on Friday.
iPhone 6s
The iPhone 6s and 6s Plus hit stores around the world on Friday, at the start of what is expected to be a record weekend for sales of Apple Inc's marquee product.
Priv
BlackBerry announced plans Friday to sell an Android-powered smartphone, in the latest reboot effort from the faded star of the sector.
The Canadian firm said its would begin selling "Priv," describe as "a flagship handheld device that will run on the Android operating system with BlackBerry security," expected to be available later this year.
Friday, September 25, 2015
Amazon Puzzle
Which company is a better investment, Google or Amazon.com? Conventional wisdom suggests Google, which turns huge profits, enjoys better gross margins, and has a far lower price-to-earnings ratio. Yet Amazon's stock has returned 62.6 per cent in the past year, compared with 9.6 per cent for Google.
El Nino
The haze, a result of forest fires in parts of Indonesia, is set to remain until November, due in part to the dry spell caused by the El Nino effect said to be among the strongest since records were kept in 1950.
360-Degree Viewing
Facebook on Wednesday began rolling out 360-degree viewing at the leading social network, letting people change their perspectives in specially created videos.
Caterpillar Inc
Caterpillar Inc said it could cut up to 10,000 jobs through 2018 as part of a restructuring plan to save up to US$1.5 billion annually.
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