FINANCE

Singapore Stock Market May Extend Losing Streak

May 18, 2012 | FINANCE

The Singapore stock market has moved lower now in back-to-back sessions, retreating almost 55 points or 2 percent along the way. The Straits Times Index finished just above the 2,820-point plateau, and now traders are expecting additional damage when the market opens on Friday. ( read on here … ) – FINANCE Related items...

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Singapore Stock Market Expected To Open Lower

May 16, 2012 | FINANCE

The Singapore stock market has moved lower now in consecutive trading days, giving away almost 40 points or 1.3 percent in the process. The Straits Times Index wound up just shy of the 2,865-point plateau, and now traders are bracing for more carnage when the market opens on Tuesday. ( read on here …...

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STOCKS NEWS SINGAPORE-Shares fall to 4-month low by midday

May 16, 2012 | FINANCE

Singapore shares slid to a near four-month low by midday,dragged by losses on Olam International's stock afterit reported worse-than-expected quarterly earnings. The failure of Greece to form a government … ( read on here … ) – FINANCE Related items STOCKS NEWS SINGAPORE-Down by midday; NOL outperforms STOCKS NEWS SINGAPORE-Shares down at midday; Wilmar...

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Gold falls to 4-1/2 month low on Greece risks

May 16, 2012 | FINANCE

SINGAPORE (Reuters) – Gold dropped to its lowest since late December as the euro sank against the U.S. dollar on worries that a worsening debt crisis in Greece could spill over into its neighbours and threaten the existence of the single currency. But lower bullion prices triggered a flurry of activity in the physical...

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Finance Ministry to review salary cap for workers whose companies turn insolvent

May 16, 2012 | FINANCE

SINGAPORE: The Ministry of Finance will review the salary cap for workers in the event their company turns insolvent. ( read on here … ) – FINANCE Related items Government securities issuance limit raised Firms to get help to upgrade MOF responds to Public Accounts Committee's recommendations Govt to ensure fair procurement system Singapore...

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Facebook co-founder Saverin to stay in Singapore

May 16, 2012 | FINANCE

SINGAPORE: Facebook co-founder Eduardo Saverin intends to stay in Singapore but has no plans to take up citizenship after giving up his US passport, a move that could save him millions in taxes, his spokesman said. ( read on here … ) – FINANCE Related items Bits Blog: A Facebook Founder Renounces His U.S....

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Brent falls towards $111 on Greece jitters

May 16, 2012 | FINANCE

SINGAPORE (Reuters) – Brent crude futures fell towards $111 a barrel on Tuesday as Greece's political and economic turmoil deepened and worries that the debt-laden country could leave the euro zone sparked a sell-off in dollar-denominated commodities. Brent prices slid for a fourth consecutive day, hammered also by fears of a slowdown in the...

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Singapore becomes tax-relief home for Facebook man

May 13, 2012 | FINANCE

One of the co-founders of the newly listed Facebook, Eduardo Saverin, has decided to step away from the United States in order to preserve his wealth. ( read on here … ) – FINANCE Related items 14. S'pore developers bids for sites signal likely dip in home prices Time to Buy the Singapore ETFs...

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Singapore Market May Give Up Support At 2,900 Points

May 10, 2012 | FINANCE

The Singapore stock market headed lower again on Wednesday, one session after it had concluded the three-day losing streak in which it had given away more than 80 points or 2.8 percent. The Straits Times Index finished just above the 2,900-point plateau, and now analysts are predicting continued weakness at the opening of trade...

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Singapore relaxes rules on selling investment products

May 10, 2012 | FINANCE

SINGAPORE, May 9 (Reuters) – Singapore's central bank saidon Wednesday that it will reduce the number of investmentproducts subject to its new investor protection rules, followingconsultation with the … ( read on here … ) – FINANCE Related items Gold falls to 4-1/2 month low on Greece risks GIC-backed fund Nuvest aims to raise...

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