World News

Over the next eight months the Federal Reserve will conduct QE2 – quantitative easing, the sequel. It will buy $600 billion worth of US long-term bonds in the open market, close to 7% of all Treasuries in public hands. $600 billion is also roughly equivalent to the total amount of net debt the federal government [...]

YOKOHAMA, JAPAN: Singapore’s Prime Minister Lee Hsien Loong has said that the US—China currency issue will not amount to a war but frictions can be expected.
He was addressing business executives on the sidelines of the Asia—Pacific Economic Cooperation (APEC) summit in Yokohama where leaders from 21 APEC economies meet to free up trade among members.
Speaking [...]

 
us stock market ,us stock market news,china stock market news,chins stock market,singapore stock market ,australia stock market
Germany and China have expressed concerns over US plans to pump $600bn (£373bn) into the US economy.
German Finance Minister Wolfgang Schaeuble said the US would not solve its problems, but create “extra problems for the world” instead.
Some countries fear [...]

Mining magnate Andrew Forrest says the Australian dollar is likely to hit parity with the US dollar ‘‘shortly,’’ as benefits of the resources boom spill into the wider economy.
After the currency overnight struck a two-year high of 94.94 US cents, the Fortescue Metals chief said he thought it had further to rise thanks to the [...]

Explosive documents and phone tapes reveal an investor’s worst nightmare about stockbrokers. Stuart Washington reports.
PETER McGUIRE is, by all appearances, the super-successful stockbroker fronting CWA Global Markets, with a fondness for $200,000-plus Mercedes cars.
At the height of the boom his business was selling risky financial products like hot cakes, allowing its top broker to [...]

How Low Can You Go? have been watching with some indifference TLS over the last few years, having once been a not insignificant shareholder; taking decent size parcels in all three tranches, but cutting loose not long after. Despite all the upbeat chat at the time of privatising I have always believed they not only [...]

NEW YORK (CNNMoney.com) — If you are a responsible saver, the Federal Reserve isn’t doing you any favors.
The Fed unsurprisingly left a key short-term rate near 0% Tuesday, meaning that rates on money-market accounts, CDs and other savings products are likely to remain as anemic as they’ve been for the past two years.
But the Fed [...]

GIC hires country head for India
The real estate arm of the Government of Singapore Investment Corporation (GIC) has confirmed the appointment of Kishore Gotety as its country head for India.
Mr. Gotety’s appointment, which took effect on August 23, suggests that GIC believes there are good investment opportunities in the Indian real estate market.
GIC, which currently [...]

Visitors at Shanghai World Expo get a taste of Singapore cuisine
Visitors at Shanghai World Expo get a taste of Singapore cuisine
 
SHANGHAI : Visitors at the World Expo in Shanghai got a taste of Singapore cuisine at the Singapore Pavilion on Friday.
Curry chicken, mee sua, carrot cake, fried prawn rolls, yam paste, egg tarts and fried [...]

Earnings to drive U.S. stocks after ugly data
NEW YORK (Reuters) – After ugly economic data and an unexpected downturn in sentiment on quarterly earnings, Wall Street will face a tough time battling back from the latest sell-off.
Technology and banking results will once again shape investor mindset in the week ahead. But it’ll be a tough [...]