Worries of worsened inflation: economists

Worries of worsened inflation: economists
Two bourses suspend trading in 66 companies based in quake-hit region
 
BEIJING) As China reels from its worst earthquake in three decades, economists say the fallout could compound inflation in areas closest to the damage but price pressures are unlikely to be lasting or widespread.
 
In coming days, delays in getting agricultural produce [...]

CapitaLand, US fund jostle for The Atrium

CapitaLand, US fund jostle for The Atrium
 
Price will be over $800m; CMT eyeing synergies with Plaza Singapura: sources
 
By KALPANA RASHIWALA
 
(SINGAPORE) The race to snap up The Atrium @ Orchard is said to have narrowed to two parties: a US fund, and a unit of CapitaLand group, possibly CapitaMall Trust (CMT), which owns [...]

ISD’s former headquarters up for tender

ISD’s former headquarters up for tender
 
By ARTHUR SIM
 
(SINGAPORE) The Singapore Land Authority (SLA) has launched a public tender for the adaptive re-use of the former headquarters of the Internal Security Department (ISD) and Ministry of Home Affairs (MHA) at Phoenix Park, off Tanglin Road.
 
Designated for office use, the 641,851-sq-ft site houses 24 low-rise [...]

Fed warns market conditions are ‘far from normal’

Fed warns market conditions are ‘far from normal’
 
But liquidity moves have helped relieve strain: Bernanke
 
(SEA ISLAND, Georgia) US Federal Reserve chairman Ben Bernanke said yesterday that emergency Fed liquidity measures have helped relieve strain in financial markets, but the recovery process remains incomplete.
 
‘To date, our liquidity measures appear to have contributed to some [...]

Lehman’s Harris sees Fed cutting rates to zero

Lehman’s Harris sees Fed cutting rates to zero
 
Housing, spending unlikely to recover before end-2009
 
By ANTHONY ROWLEY
IN TOKYO
 
NEITHER the housing market nor consumer spending in the US are likely to recover before the end of next year, which means that the Federal Reserve will need to cut interest rates again, possibly to [...]

JPMorgan chief warns of long, deep US recession

JPMorgan chief warns of long, deep US recession
 
(NEW YORK) JPMorgan Chase & Co chairman and chief executive Jamie Dimon on Monday told bank investors that while the current credit market crunch may soon be over, the US economy could still face a deep and extended recession.
 
The slump in mortgage and corporate loan markets [...]

Fed to hold rates steady: economists

Fed to hold rates steady: economists
 
Some expect a recovery in the US economy next year
 
By LYNETTE KHOO
 
(SINGAPORE) Against the double whammy of mounting inflationary pressures and slower economic growth, the Federal Reserve is expected to hold its key rates steady for the rest of this year, according to panelists at yesterday’s Lunch [...]

Dispelling 10 money myths

Dispelling 10 money myths
 
Peoples’ wallets are lighter than they should be due to unsound beliefs about growing wealth
 
By PHILIP LOH
 
AMID the backdrop of a beleaguered stock market and challenging economic conditions, it is even more imperative that you manage your wealth well. More often than not, our wallets are lighter than they [...]

Turmoil in markets is easing, says Fed chief

Turmoil in markets is easing, says Fed chief 
But situation still far from normal as some markets remain moribund
 
SEA ISLAND (GEORGIA) - UNITED States Federal Reserve chairman Ben Bernanke said yesterday the central bank’s emergency liquidity measures have helped relieve strain in financial markets, but the recovery process remains incomplete.
‘To date, our liquidity [...]

Former MHA complex up for office lease

Former MHA complex up for office lease 
Tanglin site can be leased for an initial 3 years, with option for renewal till 2017
By Joyce Teo, Property Correspondent 
 
THE sprawling Phoenix Park site in Tanglin Road, which housed the Ministry of Home Affairs (MHA) for more than two decades, can now be leased for office [...]