The Business Times, 29 July 2009

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Total Pages: 28
1 28 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|sl A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Wednesday, July 29,2009
    20 words
  • 450 1  -  CHEW XIANG Findings have also been forwarded to regulatory authorities [SINGAPORE] Judicial managers of Jurong Technologies Industrial Corp have found "questionable" accounting and business practices at the company that would significantly impact its finances, the company said last night. The managers, Tarn Chee
    450 words
  • 562 1  -  TEH SHI NING Hard times are hastening the trend towards slimmer packages, but expatriates aren't fleeing [SINGAPORE] Expatriate perks are fast disappearing. "Localising" their packages is a trend that started several years ago and has picked up pace in these lean times, executive search
    562 words
  • MARKETS DIGEST
    • 47 1 uesi lay lange 1 COMP 1,172.38 +15.95 IIKKEI225 10,087.26 -1.40 1ANG SENG 20,624.54 +372.92 ;et index 621.96 +4.13 JAKARTA COMP 2,237.17 +28.00 1ANILA COMP 2,768.76 +36.14 ;eoulcomp 1,526.03 +1.98 ;henzhenb 555.21 +5.28 IUMBAI IND 15,331.94 -43.1 12 noon EDT Change )OW 9,031.57 -76.94 IASDAQ 1,953.10 -14.79
      47 words
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.962 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • 45 1 IS$ (S$ ier US$) 1.438 (us$/ss ier 1.654 2.378 :URO (US$/S$/E) 1.428 2.054 Foreign currency per US$ S$ 'EN 95.20 66.20 3.509 2.440 IK$ 7.750 5.390 !AHT 33.93 23.59 lUPIAH 9,935 6,909 lENMINBI 6.832 4.751 INDIAN RUPEE 48.16 33.49 1.201 0.835 IZ$ 1.509 1.050
      45 words
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  • Page 1 Miscellaneous
    • 67 1 KNOWLEDGE ECONOMY I JBj TRADING REFORMS INVESTMENT TRANSPORT HUB Research centre hub J»^ Tr US rules on natural gas Rolls-Royce to build Falling ship values a launched sA fcSjSB swaps tightened plant in Seletar nightmare for firms PAGE 2 KMBfl HtH PAGE 15 PAGE 8 PAGE 16 Don't hate Goldman
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    • 7 1 sgx w^ -.^^^v r^^. stocks X k^kJ
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  • TOP STORIES
    • 620 2  -  CHEN HUIFEN When completed in 2011, Create will be able to accommodate 1,000 researchers By [SINGAPORE] Two icons of Singapore's knowledge economy, Biopolis and Fusionopolis, are by now well known. Now, a third is poised to be on its way as the National Research
      BRYAN VAN DER BEEK/THE STRAITS TIMES  -  620 words
    • THREE-MINUTE DIGEST
      • 83 2 EXPATRIATE perks are fast disappearing. "Localising" their packages is a trend that started several years ago and has picked up pace in these lean times, executive search consultants say. But expats here are not about to flee, according to HSBC's Expat Economics survey,
        83 words
      • 48 2 JUDICIAL managers of Jurong Technologies Industrial Corp have found "questionable" accounting and business practices at the company that would significantly impact its finances, the company said last night. The managers "have forwarded their findings to the regulatory authorities for their consideration".
        48 words
      • 57 2 TWO icons of Singapore's knowledge economy, Biopolis and Fusionopolis, are by now well known. Now, a third is on its way as the National Research Foundation yesterday launched the start of construction of the $360 million Campus for Research Excellence and Technological Enterprise, also
        57 words
      • 31 2 STANDARD Chartered Bank plans to add 300 relationship managers in Singapore to better serve the growing number of affluent individuals in the region. TOP STORIES, PAGE 2
        31 words
      • 70 2 CHINA'S impressive economic growth amidst global recession is being bought at the cost of severe overheating in Chinese asset markets, experts warned at a Tokyo conference yesterday. They sounded the alert one day after regulators ordered banks to ensure that the huge
        70 words
      • 49 2 SINGAPORE stocks could be buoyed by "significant" upgrades to earnings forecasts in the weeks ahead as property prices and other asset values recover, prompting firms to take smaller write-downs on their assets than initially feared, JPMorgan analysts said yesterday. COMPANY NEWS, PAGE 4
        49 words
      • 49 2 FRASER and Neave said yesterday that it has sold a unit that is developing a hotel and residential villas in China. Subsidiary Frasers Centrepoint sold its full interest in Hong Kong-incorporated Metro Charm Holdings for about $201 million. COMPANY NEWS, PAGE 4
        49 words
      • 61 2 A COMPANY owned by Malaysian "sugar king" Robert Kuok has become a substantial shareholder of Singapore-listed Etika International Holdings. Masuma Trading Company, which is linked to Malaysia-based Kuok Brothers, raised its stake in Etika a maker of condensed milk to 5 per
        61 words
      • 61 2 AERO engine maker Rolls-Royce has announced plans to build a factory at Seletar Aerospace Park, taking its investment there to more than $700 million. The new plant, which will create 500 jobs, will be the first outside the UK to manufacture hollow titanium
        61 words
      • 35 2 INDONESIA'S Islamic market is set to overtake Malaysia's, thanks to the growth in syariah-compliant lending, one of Indonesia's top Muslim clerics said on Monday. MALAYSIA/INDONESIA, PAGE 11
        35 words
    • 469 2  -  JOANNE TANG It sees opportunity in serving the affluent segment By [SINGAPORE] Standard Chartered Bank plans to add 300 relationship managers (RMs) in Singapore to better serve the growing number of affluent individuals in the region. From fewer than 200 RMs now, the planned addition "is
      469 words
    • 351 2 Bloomberg LATEST US DATA [NEW YORK] Confidence among US consumers fell more than forecast in July, reflecting a surge in unemployment that threatens to undermine household spending. The Conference Board's confidence index dropped to 46.6, a second consecutive decline, following a reading of 49.3
      Bloomberg  -  351 words
    • 625 2 Bloomberg Growth attributed to public confidence and market rebound [HONG KONG] Sales of structured notes in Hong Kong dollars are the highest in a decade as investors, still stinging from losses triggered by the failure of Lehman Brothers Holdings Inc, jump
      ■ Bloomberg  -  625 words
    • 557 3  -  ANTHONY ROWLEY Banks asked to ensure that loans are not used to finance speculation By in Tokyo CHINA'S impressive economic growth amidst global recession is being bought at the cost of severe overheating in Chinese asset markets, experts warned at a Tokyo
      REUTERS  -  557 words
    • 775 3 Reuters Move likely to be particularly hostile to new players [MUMBAI] India's fiercely competitive fund industry is set to become even tougher for fund managers as a ban on entry fees slows growth, adds to distribution costs, cuts profitability and delays
      – Reuters  -  775 words
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  • COMPANY NEWS
    • 542 4  -  CONRAD TAN Smaller writedowns expected as property prices and other asset values recover By SINGAPORE stocks could be buoyed by "significant" upgrades to earnings forecasts in the weeks ahead as property prices and other asset values recover, prompting firms to take smaller write-downs on
      542 words
    • 223 4  -  RACHEL SIM By SINGAPORE Technologies Engineering's subsidiary ST Electronics has won another mass rapid transit project in Guangzhou, China, taking the tally to six. It will supply platform screen doors for the Guangzhou-Foshan Line (GFL) that will run 32.3 km from
      223 words
    • 248 4  -  JAMIE LEE It says sale in line with its focus on selected key cities in China By FRASER and Neave (F&N) said yesterday that it has sold a unit that is developing a hotel and residential villas in China. Subsidiary Frasers Centrepoint sold
      248 words
    • 598 4 -AFP Some say talks may be extended due to complexity of issues [NEW DELHI] The countdown is on in merger talks between India's top mobile firm Bharti Airtel and South Africa's flagship MTN cellular company to create an emerging market powerhouse. The Indian
      -AFP; REUTERS  -  598 words
    • 736 4  -  R SIVANITHY WHEN a US federal prosecutor was framing charges against an ex-Goldman Sachs employee for stealing some of the broker's secret computer codes earlier this month, the prosecutor said that in the wrong hands these codes could "manipulate markets in unfair ways". Coming from
      736 words
    • 334 5  -  JAMIE LEE Increase by Masuma Trading comes after it exercises warrants for 850,000 shares A COMPANY owned by Malaysian "sugar king" Robert Kuok has become a substantial shareholder of Singapore-listed Etika International Holdings. Masuma Trading Company, which is linked to Malaysia-based Kuok
      334 words
    • 228 5  -  NISHA RAMCHANDANI SINGAPORE AirUnes has introduced a new contact service for its Solitaire Priority Passenger Service (PPS) Club members. They will be able to contact a customer service representative by sending a text message from anywhere in the world. Through PPS Connect, passengers can
      228 words
    • 675 5 Reuters Diversifying from home turf exposes it to stiff competition [KUALA LUMPUR] Malaysian conglomerate Genting Bhd could be placing a risky bet as it aims to take on US casino giants Las Vegas Sands and Wynn Resorts to diversify from its monopoly home turf.
      – Reuters; REUTERS  -  675 words
    • 447 7  -  VINCENT WEE Plan is to use additional funds for possible acquisitions PACIFIC Shipping Trust (PST) became the latest to jump on the bandwagon as it warned last week in its second-quarter results release that it may cut distributions for the third quarter. However, its
      447 words
    • COMPANY BRIEFS
      • 45 7 TAT Hong Holdings said it has disposed of its 45 per cent interest in KTH Mining Engineering to Kok Tong Construction for about $1,099 million. The disposal is part of its move to divest its non-core businesses.
        45 words
      • 66 7 JEL Corporation (Holdings), a distributor of photographic, IT, consumer goods and timepieces, has been awarded exclusive distribution rights for the entire range of photographic products from Tamrac Inc. With the appointment, JEL Corp said it will now distribute Tamrac's diverse line of camera
        66 words
      • 86 7 GP Industries has obtained a one-month extension to Aug 31 from the Singapore Exchange to hold its 2009 annual general meeting (AGM). The annual report of GP Industries will be lodged on SGX-Net in mid-August, and its AGM will be held before the end
        86 words
    • 396 7  -  EMILYN YAP FORTUNE Real Estate Investment Trust (Reit) yesterday posted a net property income of HK5115.3 million (5521.4 million) for the second quarter ended June 30. This is 0.3 per cent more than a year ago. However, income available for distribution dipped 0.7 per
      FILE PHOTO  -  396 words
    • 134 7 Six months ended June 2009 Three months ended June 2009 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS %CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS (Sim) (Sim) (Sim) (Sim) CHNG 1 Fortune Reit 30.24 28.22 7.1 62.52 57.77 8.2 14.75 14.85 -0.7 31.05 29.28
      134 words
    • 377 7  -  CHEN HUIFEN BELEAGUERED Asia Water Technology (AWT) has dismissed plans by substantial shareholder EGN Nominees to strengthen the group's financial position and revive its businesses as "vague and devoid of details". The board of AWT said in a statement last night that the "strategic
      377 words
    • 346 7  -  WINSTON CHAI STATS ChipPAC yesterday reported a near 90 per cent year-on-year drop in sec-ond-quarter net profit to US$2.2 million. But business conditions are now on the mend, it says. For the corresponding second quarter last year, the group which is majority owned by
      346 words
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  • SINGAPORE MARKETS
    • 870 6  -  OH BOON PING CURRENCIES Australian dollar was the highlight, soaring against the greenback THE chase for yields drove Asian stocks to a 10-month high for a seventh day yesterday as investors were lifted by improving corporate earnings. But the non-stop pace of the rally
      870 words
    • 89 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 12 1 5 0 0 0 12 1 5 lanufacturing 100 39 60 14 108 46 74 Commerce 37 15 26 10 40 18 36 'pt/Stor/Comms 17 15 10 18 15 12 ■inance 17 17 Construction
      89 words
    • 115 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 33,084 33,084 107,515 107,515 lanufacturing 883,102 31,194 914,296 384,751 1,633 386,383 Commerce 369,353 7,428 376,781 222,254 2,782 225,035 ■pt/Stor/Comms 235,494 5,311 240,805 366,520 1,267 367,787 :inance 55,813 20 55,833 458,539 458,540 Construction 292,600 8,079 300,679 52,276 152 52,428 'roperties
      115 words
    • 35 6 la pita Land 4.060 +0.120 .apr Jev" lornl For! iro .osco .orp mp ien' Ung len Ism line )p~el .orp Noble Grp 2.060 +0.130 TafiT :ngg :ngg >eml .orp >eml >ing
      35 words
    • 199 6  -  JOYCE HOOI Cambridge Industrial Trust (CREIT) July 28 close: $0.42 DBS GROUP RESEARCH, July 28 CAMBRIDGE Industrial Trust Q2 2009 results were in line with expectations. Distributable income came in 14 per cent lower at $10.7 million, largely as a result of management fees paid in cash and
      199 words
    • 568 6  -  R SIVANITHY STOCKS BOOSTED by ever-increasing volume and a volatile but ultimately firm Hong Kong, the Straits Times Index yesterday shot up 47.38 points to 2,624.04, bringing its gain for the past 12 trading sessions to 317 points, or 14 per cent, and
      568 words
    • 87 6 Where S$ stands Jul 28 CHNG CLOSE FR Jul 27 YR2009 S$ LOW S$ HIGH USS 1.4392 0.13 1.5579 1.4308 Euro 2.0547 -0.13 2.0732 1.9150 Pounds 2.3777 -0.12 2.4051 2.0356 AS 1.1985 -1.43 1.1985* 0.9453 Yen* 1.5197 -0.03 1.7278 1.4831 Rill liah* 0.***** -0.41 0.***** 0.***** Baht* 4.2410 -0.02
      87 words
    • 59 6 Jul 28 CLOSE VALUE BT OB/OS 1684.00 -18.0 BT CADI -*****.00+177.0 BT 10-day MA -*****.00+168.0 FTSE ST Mid Cap 581.18 +3.08 FTSE ST Small Cap 507.10+17.43 FTSE ST All Share 639.73+10.81 FTSE ST China Top 280.51 +11.30 FTSE ST China 275.56+11.56 FTSE ST Catalist 1216.84 +3.49 SIMSCI
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    • 60 6 VOLUME Golden Agri 246,542,000 UniFiber 155,803,000 Gentinq SP 129,851,000 BanJoo 99,886,000 Pac Andes 75,089,000 China Honqxinq 73,251,000 CapitaComm 70,657,000 JiutianC 58,853,000 China Sports 56,602,000 Cosco Corp 56,513,000 VALUE(S) DBS Grp 221,292,952 Capita Land 127,683,088 Gentinq SP 110,953,680 Sing Tel 99,083,533 Golden Agri 98,306,845 NOL 84,485,930 UOB 82,608,240
      60 words
    • 114 6 CLOSE UP 3072 126.5 2.9 DBXT FTChina25 10US! MS India 10US! 1329 90.5 5.0 JMH 2810 77.6 2.0 DBS Gr| 1372 72.0 5. Great Eastern 1390 62.0 4.7 UOB 1738 54.0 3.2 DBXT MSTaiwan 10US! 1419 44.6 2.2 China H 10US 1600 40.2 1.: UOB.ES.0907 1690 38.0 2.3 STI
      114 words
    • 114 6 CLOSE DOWN DBXT Ni 10US$ 9517-242.9 -1.7 DBXT FTVietnam 10US$ 4707-171.0 -2.5 STXPO 100 1320 -44.0 -3.2 DBXT S&P Short 10US$ 6339 -21.6 -0.2 Sim iTel 10 336 -12.0 -3.. SIA 200 1356 -10.0 -0.7 STI 2300BNPePW*****8 8.5 -9.5 -52.8 GLD 10US$ 9372 -8.6 -0.1 SIA 1354 -8.0 -0.6
      114 words
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  • Rolls-Royce plans plant at Seletar
    • 269 8  -  NISHA RAMCHANDANI Total investment in its Aerospace Park campus surpasses $700 m By AERO engine maker Rolls-Royce has announced plans to build a factory at Seletar Aerospace Park, taking its investment there to more than $700 million. The new plant, which will create 500 jobs,
      FILE PHOTO  -  269 words
    • 394 8  -  LI DAN WEI By DBS Bank yesterday launched a new AXS Direct Debit Authorisation (xDDA) service to simplify and speed up the Giro application process. DBS/POSB customers will be able to complete a Giro application in minutes, with a
      394 words
    • 376 8  -  BRANDON CHEW By COMPANIES from a range of industries were lauded for innovative, sustainable and green initiatives at the third annual Singapore Green Summit (SGS) yesterday. Leading the pack in terms of awards won was energy group PowerSeraya. Organised by the Association of Chartered Certified
      376 words
    • 251 9  -  JUSTIN CHAN Initiative is joint effort by Citibank, Credit Counselling Services CITIBANK has launched a programme to educate Singaporeans on how to manage credit in these troubled economic times. Credit card debt here has been rising steadily since 2007, with rollovers increasing from about $3 billion
      251 words
    • 286 9  -  JUSTIN CHAN By THE World Intellectual Property Organization (WIPO) will set up an arbitration centre here in January 2010, cementing Singapore's role as an arbitration centre. Law Minister X Shanmugam signed an agreement with WIPO director-general Francis Gurry yesterday to establish
      286 words
    • 578 9 -AP Addition of hundreds of new shops will further squeeze retailers' profits CAN the three huge new malls on Singapore's main retail strip thrive despite a limp global economy? The revamp of Orchard Road, along with two resorts featuring the country's first
      -AP; AP  -  578 words
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  • ECONOMY WATCH
    • 489 10 Reuters, Bloomberg He also says it will boost economic growth to more than 5% in 2010 [SINGAPORE] Recent capital inflows into Indonesia should help lending rates fall and boost economic growth to more than 5 per cent in 2010, Indonesia's vice-president-designate, Boediono, said
      Reuters, Bloomberg  -  489 words
    • 271 10 -AFP [WASHINGTON] The Obama administration, looking to many small cost-cutting tactics, has reduced US$265 million from the federal budget. That is more than twice the amount President Barack Obama urged his cabinet to cut over the past 90 days. The White House's
      -AFP  -  271 words
    • 595 10 Reuters Aim is to stimulate growth, says Democratic Party [TOKYO] Japan's main opposition party, which is on track to win an Aug 30 election, wants to spur domestic demand to stimulate growth in the world's sec-ond-largest economy, the party's No 2 executive said yesterday.
      – Reuters; REUTERS  -  595 words
    • 278 10 Bloomberg [MOSCOW] Russia wiU seU 613.6 billion rubles (5528.77 billion) of Eurobonds next year in the government's first international sale since 1998, as it seeks to cover an expected 7.5 per cent budget deficit, the Finance Ministry said. "The decision has
      Bloomberg  -  278 words
    • 534 10 Reuters But their austerity has hit investment in green technology [NEW YORK] The environment won a temporary reprieve in the recession as Americans slammed the brakes on one of their favourite pastimes: Consuming stuff. But while the austerity brought by a battered economy
      – Reuters; 111 AFP  -  534 words
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  • MALAYSIA/INDONESIA
    • 418 11 Reuters Top cleric says with political will from govt, potential is much bigger [JAKARTA] Indonesia's Islamic market is set to overtake Malaysia's, thanks to the growth in syariah-com-pliant lending, one of Indonesia's top Muslim clerics said on Monday. Indonesia, the world's most-populous
      – Reuters  -  418 words
    • 155 11 Reuters [KUALA LUMPUR] The Employees Provident Fund (EPF), Malaysia's largest pension fund, yesterday dismissed a media report it was in talks to provide a RMS billion (552.05 biUion) loan facility to a government agency. The Malaysian Reserve newspaper, citing an unidentified source yesterday,
      – Reuters  -  155 words
    • 419 11 Reuters [JAKARTA] Indonesia may cut subsidies for fossil fuels and introduce policies requiring state electricity firm PLN to use renewable energy sources for part of its supply within a year, a senior environment official said on Monday. Ranked the world's third-biggest emitter of greenhouse
      – Reuters; REUTERS  -  419 words
    • 417 11 Bloomberg [KUALA LUMPUR] Malaysia will introduce a trading platform that will enable banks and companies to buy and sell commodities used to back Islamic loans, seeking to widen the country's appeal to investors seeking S?/arfa/z-compliant assets. The so-called Commodity Murabahah House, to be managed by
      – Bloomberg; REUTERS  -  417 words
    • 260 11 [KUALA LUMPUR] Merapoh Resources Corp Sdn Bhd, which will develop a US$lO billion refinery in Kedah, expects to break even in as early as eight years after production starts, helped by demand and a 10-year tax holiday, according to a report
      260 words
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      57 words

  • GREATER CHINA
    • 655 12 Bloomberg China raises concern over US-dollar value, few signs of tension over yuan's value [WASHINGTON] US Treasury Secretary Timothy Geithner pledged to rein in the US deficit as China underscored concern about preserving the value of its US$BOl.5 billion of Treasury holdings. The
      – Bloomberg; AP  -  655 words
    • 541 12 Reuters [BEIJING] Consumer prices in China are stabilising after months of declines and could bottom out at the end of the third quarter before rebounding, the statistics department of the central bank said in a report yesterday. It was the
      – Reuters  -  541 words
    • 225 12 Reuters [BEIJING] China should devise an exit plan for its loose monetary policy as soon as possible and lean more on fiscal measures to drive growth, a senior government researcher said yesterday. He Fan, an economist at the Chinese Academy of Social Sciences,
      – Reuters  -  225 words
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  • INDIA
    • 200 13 Bloomberg [NEW DELHI] Indian billionaire Gautam Adani's power company said institutions including T Rowe Price International have demanded twice as many shares as offered in the so-called anchor investor portion of its initial sale. Bids totalled 94 million shares compared with the
      – Bloomberg  -  200 words
    • 847 13 Reuters Draft plan pledges to boost ouptut from near zero to 20 gigawatts by 2020 [NEW DELHI] India will unveil its first solar power target as soon as September, pledging to boost ouptut from near zero to 20 gigawatts (GW) by 2020 as
      – Reuters  -  847 words
    • 282 13 Bloomberg [NEW DELHI] The Indian government plans to sell small stakes in state-run companies while retaining majority control, Finance Minister Pranab Mukherjee said. "The government would offer small portions of its shareholding to the general public in the domestic market through initial
      – Bloomberg  -  282 words
    • 590 13 Reuters, Bloomberg The central bank says its priority is to nurture growth [MUMBAI] India's central bank left its short-term rates and banks' cash reserve requirement unchanged as expected yesterday and stressed that its priority is to nurture growth, which has been hurt by
      – Reuters, Bloomberg; REUTERS  -  590 words
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    • 109 13 I WINE DINE AND HOSPITALITY I P^^^bbE!sP!3HMl^bbM I fjjnf* i LaSShII bb^^^^B^b^Bbßb^^Bß^^Z bbV^^^Bßß^^bsl pfl pytF' on bf/bi m ni pi wi I P*> '*$P t^fl IPPIPV dP(BI^WBPHH I rmLmßKt^ m wik I ft. I bbbl bm RBlflHiiilßliliißSHMiiiiHH I I X^Jtk 'Bm>T Vtf B^bl HjiMlinpßMH^^ S2EE I I bbbbb I* J
      109 words

  • ASIA-PACIFIC/WORLD
    • 643 14 Bloomberg Net income jumps 68%, led by higher revenue from stocks and trading bonds [FRANKFURT] Deutsche Bank set aside one billion euros (Ss2 billion) for risky loans in the second quarter, more than analysts had estimated. The increase in provisions for
      – Bloomberg; BLOOMBERG  -  643 words
    • 217 14 -AP [LOS ANGELES] Apple Inc and the four major recording labels are working on launching in the last quarter a music offering code-named "Cocktail" that aims to add value to digital albums sold on the online iTunes Store, according to two people
      -AP  -  217 words
    • 319 14 Bloomberg NEW YORK] AOL, the Internet unit being spun off from Time Warner Inc, may be worth less than U555.66 billion, based on the price Google Inc received for its 5 per cent stake in the company. Time Warner, based in
      Bloomberg  -  319 words
    • 433 14 Bloomberg Chief of UK Financial Investments to join private sector [LONDON] John Kingman, chief executive of the body charged with overseeing the UK government's stakes in nationalised banks, will step down from his post to pursue a career in the private
      – Bloomberg; BLOOMBERG  -  433 words
    • 551 14 Reuters [TOKYO] Hitachi will launch a US$2.9 billion bid for five of its listed units to help the company return to growth, as its tumble to a quarterly net loss eats into its capital and puts more pressure on it to raise
      – Reuters  -  551 words
    • 338 14 -AP [NEW YORK] Insurer American International Group (AIG) Inc took another step on Monday towards spinning off its property casualty and general insurance business and renamed the operation Chartis. AIG placed Chartis, formerly known as AIU Holdings, into a separate unit known
      -AP  -  338 words

  • TRADING REFORMS
    • 668 15 Bloomberg ICE expects to create similar limits on its swap as those positions on Nymex [NEW YORK] The Commodity Futures Trading Commission (CFTC) imposed rules on natural-gas swaps on the Intercontinental Exchange Inc (ICE), tightening the so-called "Enron loophole" that exempted the contracts from
      – Bloomberg  -  668 words
    • 481 15 Reuters [WASHINGTON] The shape of the US government's proposed crackdown on the US$45O-trillion over the counter derivatives market became clearer on Monday, with Congress poised to move forward this week on other aspects of a sweeping overhaul of US financial regulation. In a draft
      – Reuters  -  481 words
    • 205 15 -AP [WASHINGTON] The senior House Democrat in charge of overhauling US banking regulations warned on Monday that foreign banks would be denied access to the US system if they become an "escape hatch" for risky investments. Opponents of President Barack
      -AP  -  205 words
    • 433 15 -AP It is also considering new ways to rein in regular short-selling [WASHINGTON] Federal regulators on Monday made permanent an emergency rule put in at the height of market turmoil in the last quarter of last year that aims to reduce abusive short-selling. The
      -AP  -  433 words
    • 358 15 Bloomberg [LONDON] About 2,000 proprietary traders will come under more intense scrutiny from Britain's financial regulator and will be personally liable for fines under rules that come into force next week. The Financial Services Authority said on Monday that it will enact a
      – Bloomberg; BLOOMBERG  -  358 words
    • 865 15 -NYT [NEW YORK] Accounting rules did not cause the financial crisis, and they still allow banks to overstate the value of their assets, an international group composed of current and former regulators and corporate officials said in a report on Monday. The report,
      -NYT  -  865 words

  • TransportHUB
    • 976 16  -  DAVID HUGHES STRAIT TALK Falling ship values are becoming a nightmare for listed companies ONE obvious consequence of a recession is that ships drop in value. Equally obvious is the pain this means for shipowners who would like to sell their vessels. But the wider problems
      976 words
    • 768 16  -  HARUN AR RASHID If machinery on board is kept in operation, ships can be promptly re-commissioned, possibly within 24 hours IN the current economic conditions, many ship owners are laying up their vessels to avoid unprofitable sailing and to reduce running costs. Some market estimates
      AFP  -  768 words
    • 430 16 Reuters [SINGAPORE] Hong Kong bunker rates have slipped below Singapore levels at least once earlier this month, due to lower shipping traffic in the territory and as shrinking supply in the city-state pushed up prices, traders said. Hong Kong bunker prices have since
      – Reuters  -  430 words
    • 340 16 Reuters [MOGADISHU] The imminent release of 24 hostages on board a German ship hijacked off Somalia in April has been delayed after pirates demanded a higher ransom, a gang member said yesterday. The German-flagged container vessel Hansa Stavanger with five Germans, three
      – Reuters  -  340 words
    • TRANSPORT STOCKS
      • 102 16 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks lava Hold Ltd KTVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.53 0.28 1.34 0.58 1.37 0.64 0.06 ....unch
        102 words
      • 36 16 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 1.00 8.70 8.75 3.22 2.82 0.02 0.09 0.02 -0.05 unch 0.02 unch -0.01 unch 93 143 685 641 13 3 1630
        36 words
      • 12 16 '00 'recious Ship Regional Cont 16.40 9.85 0.10 unch 276! 45'
        12 words
      • 11 16 '000 Doil iingamas Cont 42.25 1.21 2.40 288' 0.06 *****
        11 words
      • 23 16 '000 >eso Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.00 17.50 unch 1.00 0.10 -0.25 unch unch 1017 1233 0 80
        23 words
      • 22 16 Evergreen Marine ....20.00 :irst Steamship 48.15 /Van Hai Lines 17.15 t'ang Ming Marine...13.05 0.15 1.30 0.15 0.15 9 6 4 22
        22 words
      • 41 16 '000 fen Cawasaki Hvy Ind ..243.00 (awasaki Kisen 362.00 Mitsubishi Hvy 375.00 Mitsui Eng&Sbldg...231.00 Mitsui Osk Lines 594.00 Mippon Express 413.00 MipponYusen 402.00 iource: Thomson Reuters -1.00 9795 unch ***** -3.00 ***** -3.00 4016 -5.00 ***** 2.00 3151 3.00 9766
        41 words
    • SHIPPING
      • 613 17 Reuters Long-term contracts prevent shippers from gaining more out of recent spike in rates [BANGALORE] Most drybulk shippers are expected to report second-quar-ter earnings in line with Wall Street expectations, as a high degree of locked-in long-term contracts prevent them from taking advantage
        – Reuters  -  613 words
      • 341 17 Bloomberg [BERLIN] Hapag-Lloyd AG, Germany's largest container-ship-ping line, will get an emergency credit of 300 million euros (Ss6l2 million) if all its shareholders agree, a lawmaker said. The cash injection will be part of a 1.75 billion-euro rescue package by lenders and shareholders including
        – Bloomberg; BLOOMBERG  -  341 words
      • 182 17 Reuters [PERTH] Ship queues at Australia's Newcastle port, the world's largest coal export terminal, eased from a near 18-month high to 40 in the latest week, while total coal exports were little changed, port data showed yesterday. Exports from the eastern coast port,
        – Reuters  -  182 words
      • 477 17 Bloomberg [LONDON] The supply of supertankers competing to collect two million barrel cargoes of Middle East oil shrank for the first week in four as rising fuel costs prompt Frontline Ltd, the world's largest operator of the ships, to tell captains
        – Bloomberg; BLOOMBERG  -  477 words
      • 381 17 Bloomberg It is due to higher borrowing costs, cost of steel [HONG KONG] Samsung Heavy Industries Co, the world's third-largest shipbuilder by sales, and Hyundai Mipo Dockyard Co posted lower second-quar-ter profits as costs rose. Net income fell 10 per cent to 150.8
        – Bloomberg  -  381 words
      • 132 17 Reuters [SINGAPORE] BW Offshore may take part in an engineering study for a floating LNG project in offshore Malaysia later this year, a company official said yesterday. Malaysia's state oil company Petronas, its shipping arm MISC and Hou-ston-based Mustang Engineering plan to develop
        – Reuters  -  132 words
    • AVIATION
      • 437 18  -  S JAYASANKARAN Budget carrier's CEO meets PM Najib, is urged to settle issue of unpaid dues A THREE-YEAR dispute between budget carrier AirAsia and Malaysian Airport Holdings Bhd (MAHB) over unpaid dues could be settled soon, after the airline's chief executive Tony
        BLOOMBERG  -  437 words
      • 435 18 -Reuters [DUBAI] Aabar Investments plans to take a 32 per cent stake worth US$2BO million in Virgin Group's space travel unit Virgin Galactic, in Abu Dhabi's latest effort to lure tourists and diversify away from oil. In a joint statement with Virgin posted on
        -Reuters  -  435 words
      • 137 18 Xinhua [NEW DELHI] The Indian Finance Ministry would give a final shape to a bailout package for Air India, the country's national carrier, over the next fortnight and present it on Aug 29, official sources said on Monday. At the first
        Xinhua  -  137 words
      • 367 18 AFP But operating profit for H1 falls 23% due to hefty charge [PARIS] European aerospace giant EADS yesterday reported a 76 per cent jump in net profit for the second quarter to 208 million euros (***** million) despite costs linked to delays
        AFP  -  367 words
      • 209 18 -AFP [MANILA] A Singapore-bound Silk Air flight was held and the aircraft towed to an isolated area at Cebu airport in the Philippines yesterday after a bomb threat, the authorities and the carrier said. "The Airbus 320 was taken to an isolated area for
        -AFP  -  209 words
      • 2568 18 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
        2,568 words
    • LAND
      • 464 19 Bloomberg Govt's US$l b plan to subsidise new car purchases expected to accelerate sales [WASHINGTON] Almost 16,000 US car dealers have applied to participate in the "cash-for-clunkers" vehicle trade-in programme, or about 80 per cent of the nation's new-vehicle retailers, Transportation Secretary Ray
        – Bloomberg  -  464 words
      • 307 19 Bloomberg [TOKYO] Nissan Motor Co, Japan's third-largest carmaker, said the financial support it has received from governments worldwide will ensure the profitability of its electric vehicle program. "The speed of which you get returns depends upon mass production. The second thing that
        Bloomberg  -  307 words
      • 252 19 Bloomberg [WASHINGTON] Union Pacific Corp, the second-largest US railroad by sales, must give reparations and rate cuts valued at US$lOO million the next decade to Oklahoma Gas Electric Co for overcharging on coal rates, a regulator said. The decision came after the
        – Bloomberg  -  252 words
      • 552 19 NYT [NEW YORK] Of all the tattered swaths of pavement that pock the New York area's road system, home to some of the country's most bone-rattling stretches of asphalt, few can match the combination of structural disrepair and functional obsolescence of the Pulaski
        NYT; BLOOMBERG  -  552 words
      • 883 19 AFP [LONDON] For decades, London's black cabs have been as much an emblem of the city as Buckingham Palace or Big Ben but now their drivers fear the industry is under threat. The problem, they say, is minicabs or-dinary-looking cars licensed to take advance bookings
        AFP  -  883 words
      • 418 19 -NYT [WASHINGTON] The Virginia Tech Transportation Institute analysis about the dangers of distracted driving drew from two studies involving seven major trucking fleets, and 200 of their drivers who took turns driving 55 long-haul trucks. The companies and drivers were granted anonymity
        -NYT  -  418 words

  • Page 17 Advertisements
    • 118 17 Cyberfreight has a reputation of reliability and value. It is a robust package that is cost effective to run. It also integrates operations and accounts with smart documentation and Improve customer management tools. productivity and Cyberfreight has a user friendly interface that requires reduce your minimal training and is efficient
      118 words

  • Page 18 Miscellaneous
    • 260 18 CRYPTIC CROSSWORD i i i i 22 Charge home protection device (6) 4 Keeper with dog on a high 21 African money carried by 23 Lover, one betrayed at end spot on Dartmoor? (7) revolutionary Rastafarians of tale (6) 5 Plucky group rising up in (5) 24 Profane office worker
      260 words


  • EDITORIAL & OPINION
    • 512 20 JULY has been a month of unusually good news. It began with the astounding jump in GDP growth figures for the second quarter, which saw economists quickly revise full-year growth estimates upwards. Then, last week, property data confirmed that Q2 2009 was
      512 words
    • 1024 20  -  LEON HADAR US wants China to keep financing its massive debt; China wants to see its US holdings safe AS FOREIGN policy experts debate the nature of the evolving international system in the aftermath of the Cold War era's bipolar structure and
      AP  -  1,024 words
    • 756 20  -  FRANK CHING THE BOTTOM LINE DAYS before China and the United States were scheduled to hold their first Strategic and Economic Dialogue in Washington, US Secretary of State Hillary Clinton turned up in Phuket, Thailand for the annual ministerial meeting of Asean,
      756 words
    • 1102 21  -  MICHAEL LEWIS Bloomberg Hey, some people have it; some people don't. Is it Goldman Sachs' fault that the rest of America doesn't? FROM the moment I left Yale and started working for Goldman Sachs, I've felt uneasy interacting with those who don't. It's
      – Bloomberg; AFP  -  1,102 words
    • 865 21  -  ROBERT G WILMERS LATWP By OVER the past three decades, there has been a sea change in the way that credit is extended in America, creating the problems and the need for reforms that we face today. At the heart
      LATWP  -  865 words


  • SINGAPORE STOCKS
    • 8963 22 Transaction date: Jul 28 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E Smil 12 3 3148 8Telecom 8.5 2.5 5834 A-Sonic 23 12 5000 ABRHIdgs 13 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 67.5 26.5 5550 ARA 7
      8,963 words
    • 1683 23 High Low Code Company Sale COOO) High Low Buyer Seller C'vr P/E $mil 19 5 1181 s AAGrp 265 12 8538 t APStrategic 4 05 1501 s Advanced System 75 2 3480 t Adventus 245 85 3518 s Afor 125 2 1524 t Alantac 16 35 7814 t
      1,683 words
    • 416 23 52-Wk Tel h Low Code Last Sale s» Day Ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Hii Comi Hii 110 100 6389 ABF SG Bond ETF 877 427 CIMBAsean40 1OOUSS 265 149 DBS STI ETF 100 3841 3534 DBXT DJE50 10US$ DBXTDJE50Sh
      416 words
    • 249 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      249 words
    • 9241 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.932/ AIGIF S'pore Bond Fund/ A 1.298/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.02/ APS Alpha Fund (USD)!** 0.71/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5124/ APS Komaba
      9,241 words
  • Page 22 Advertisements


  • FINANCE & COMMODITIES
    • 367 24 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jul 27 World Index Preliminan 741.0 0.3 9.3 0.3 12.0 0.3 12.0 EAFE Preliminai 704.8 0.6 8.6 0.7 12.8 0.7 12.8 Euroi Preliminan 975.9 0.4
      367 words
    • 129 24 As at 9am Jul 28 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.1740 1.2100 .an dollar 1.3240 1.3410 luro 2.0400 2.0640 IZ dollar 0.9370 0.9570 iterlini 2.3600 2.3880 JS dollar 1.4330 1.4500 .ocal dollars to 100 units if foreign currency:
      129 words
    • 174 24 Jul 28 fer Overnight 1/4 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.20 US$ Offer 1/8 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.35 0.40 0.55 0.65 1.00 1.60 1.70 Offer 0.25 0.30 0.35 0.45
      174 words
    • 25 24 Jul 28 STI 2595 2642 2623 SIMSCI Jul 312 319.4 317.3 Taiwan Jul 255.8 261.4 260.1 Source: MF Global (S) He. Ltd
      25 words
    • 20 24 Jul2B Bid Offer 1-month 1.4373 1.4388 2-months 1.4374 1.4389 3-months 1.4374 1.4389 6-months 1.4374 1.4390 Source: OCBC
      20 words
    • 64 24 Jul 28 ICE PALM FUTURES (RM/MT) lelivery Opening Sett Av lonth Range Price Price Hi Vol Open Done Position Low \ugO9 2160 2188 2189 2160 125 1749 iep 09 2137 2155 2157 2115 3115 ***** 3d 09 2125 2140 2146 2106 ***** ***** tovO9 2119 2144 2144 2104
      64 words
    • 297 24 Jul 28 OPEN HIGH LOW SETT VOL OP/INT URODOLLAR FUTURES >epO9 DecO9 VlariO lun10 99.5000 99.2850 99.0250 98.6500 6393 3785 3399 3230 EUROYEN TIBOR FUTURES >epO9 99.485 99.485 DecO9 99.510 99.510 VlariO un10 99.490 99.490 >ep10 DedO Vlar11 un11 99.480 99.510 99.490 99.480 99.515 99.530 99.495 99.440
      297 words
    • 194 24 Jul 28 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) AugO9 188.0 Sep 09 190.0 Oct09 190.0 NOV09 190.0 Dec 09 190.0 Jan 10 188.0 190.0 187.0 187.0 187.0 190.0 191.5 190.0 190.0 190.0 190.5 40 34 72 72
      194 words
    • 463 24 Jul 28 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.896 5.690 0.583 6.455 40.111 82.754 0.793 10.285 2.922 1.257 69.218 39.973 1.198 6.431 0.889 27.266 28.258 0.504 0.833 Canada 1.116 6.350 0.651 7.204 44.762
      463 words
    • 88 24 Jul 28 Period Issue code Maturity Yesterday's Bid Day's |h Low Hi, 3-Month BQ*****A 29.10.09 1-Year BY*****W 03.05.10 0.23 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year NX*****H 3.625 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year NY*****X
      88 words
    • 96 24 Jul 27 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low AugO9 1021.25 1021.00 1025.75 1011.25 SepO9 945.00 951.50 953.75 940.00 Nov09 906.50 915.00 916.25 901.50 Jan 10 913.75 922.25 921.75 909.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low AugO9 33.60 33.89 34.15 33.39 SepO9 33.77 34.06 34.27
      96 words
    • 77 24 CRUDE OIL PRODUCTS Jul 27 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 70.57 0.66 WTI (Near Mth) 68.32 0.35 Dubai (1-Mth F) 69.65 1.15 Tapis blend 75.75 1.40 Minas 72.20 1.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene S5.70 78.17 1.38 1.08 US$/barrel Opec Oil
      77 words
    • 76 24 Jul 28 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates 1 mth 2 mths 3 mths (S$) 0.***** 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid
      76 words
    • 153 24 Jul 28 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1969 1.1985 0.8328 0.8331 Canadian dollar 1.3356 1.3376 0.9293 0.9298 Euro 2.0525 2.0549 1.4281 1.4284 NZ dollar 0.9519 0.9535 0.6623 0.6628 Sterling 2.3764 2.3790 1.6535 1.6537 US dollar 1.4372 1.4386 S$IUS$
      153 words
    • 133 24 Jul 28 /oz) Hong Kong London 952.00 951.80 953.00 952.80 Jul 24 Jul 27 952.55 953.60 953.35 954.40 Source: Thomson Reuters CAST BAR (S$) Jul 28 Buying Sellini Kilobar "47,303.63" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz UBS
      133 words
    • 67 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1802.50 1634.00 3 months 1826.00 1660.00 Copper, Grade A (US$/tonne) Cash 3 months 5595.50 5600.00 5518.00 5522.00 Lead (US$/tonne) Cash 1776.25 3 months 1797.00 1724.00 1745.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
      67 words
    • 71 24 Jul27 (£/tonne) Close Prev Hii ih/Low SepO9 1808 1841 1859/1807 Dec 09 1826 1857 1873/1825 Mar 10 1825 1854 1868/1825 May 10 1817 1847 1858/1816 COFFEE (US$/tonne) Close Pev High/Low Jul 09 1451 1449 1458/1454 SepO9 1475 1474 1488/1470 Nov09 1501 1499 1512/1497 SUGAR (US tonne) White Close Prev
      71 words
    • 2253 24 BONDS,WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-PacificStrategicW*****6 3.5 >036AdvanceSCTLtdW*****9 0.5 Allgreen Prop.ES.0907 112 Ascendas Reit.ES.0907 167 xd 3092 Asia Environment W*****4 0.5 5816 #Asiasons Capital W*****7 6.5 0.5 40 !756# Asiatic Grp (H) W*****2 4.5 H05#AsiatravelW*****7
      2,253 words

  • Page 25 Advertisements
    • 2861 25 The Business Times Shipping Times m H^^npiH m^r^ il'lrlillillhi nfriT*? Hfljilfl! M WAN HAI international pte ltd uen *****4695 M I^h m\ m^^t i^^fl E^^M mßnKn&GFlfflWnM V*Trr\ |jji| ■■>■■« TEL *****588 (14 LINES) FAX:*****163 i^L^^" 1» 1^ II M IllHjll^B HffEjnHSllillWTJjTTllHrß \\^^tt I WAN HAI INt J FKL TEL: <03|
      2,861 words

  • Page 26 Advertisements
    • 3353 26 r^VHBHH9i^B9iHI In c eastern car liner, ltd inn itbtft^ i l|2|il If-~L_l I specialize in roro heavy lift upto 450 tons I WEEKLY EXPRESS SAILING SCHEDULE I BFiiTFwrmn^^M 1 1 1 i 1 1 1 1 1 AMX SERVICE Connecting ECL Svc via MALTA 7SSf^ VOY _M^l)_ Li tmfl(KT) _j^
      3,353 words

  • EXECUTIVE MONEY
    • 1404 27  -  CHRISTIAN NOLTING Strong political foundations and natural advantage from demography and commodity resources likely to unleash growth potential THE strengthened political mandate and the natural advantage from demography and commodity resources are clearly positive factors for Indonesia's future growth outlook. Although the mid-term
      World population prospects 2009, United Nations; Food and Agricultural Organisation of the United Nations (FAO), Internation Cocoa Organisation (ICCO). USDA, International Coffee Organisation (ICO), International Rubber Study Group (IRSG)  -  1,404 words
    • 999 28  -  Using a range of assets as underlyings, including unit trusts, stocks and ETFs, these portfolios are actively traded with an eye on absolute return, writes GENEVIEVE CUA IN THE wake of the savage bear market that ravaged most assets, financial advisers are making tactical shifts
      STOCK.XCHNG  -  999 words
    • 748 28  -  JEFF SOMMER -NYT DEAR Shareholder: While we are not satisfied with our performance in the last quarter, we are happy to report that we didn't lose as much money as the average stock mutual fund. That wouldn't be a very sexy sales pitch: Mutual
      -NYT  -  748 words
    • 1236 28  -  PAUL SULLIVAN -NYT THIS is the summer of reviling the rich. The financiers at Goldman Sachs got a populist drubbing after the bank reported record quarterly earnings and analysts began predicting average bonuses of US$7OO,OOO an employee at the firm this year.
      -NYT  -  1,236 words
  • Page 27 Advertisements
    • 144 27 XBRL Reporting from $180* www.xbrl-filing.com.sg Whether you are looking for real value or speed, you can now have your XBRL report for as low as $180* or obtain your report in as short as 2 hours*. Our enhanced tool has enabled us to pass on immense savings, so avail yourself
      144 words

  • Page 28 Advertisements
    • 94 28 I Free online seminars to develop I L your CFD trading skills. I 1 J View our free seminars online, on demand I _-_-__i _L-_-PII^-----. I '('ea' *or a" 'eve's experience; topics range from understanding forex I M^£ L'^-l to advanced charting strategies \A ADI/CTC ------I Wmmm *^J /Vl/\K_K_t 1
      94 words