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French economic reforms may spark new dynamism in Europe: S’pore
Story Print Friendly Page Republic’s interested in these reforms, says Lim Hng Kiang IN PARIS WITH global markets in a tailspin over fears of a US recession, the world clearly needs more growth...
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Investors withdraw £1.7b from UK funds
(LONDON) Almost £1.7 billion (S$4.74 billion) was withdrawn from UK property funds in the last three months of 2007, data from the Association of Real Estate Funds (AREF) showed yesterday. According...
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Write-downs from sub-prime problems could touch $568b
German minister sounds warning as officials await audits from banks THE bloodbath is not over yet. Sub-prime-related write- offs may hit US$400 billion (S$567.8 billion) – more than treble the US$130...
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British home repossessions at 8-year high
(LONDON) British home repossessions last year hit their highest level since 1999 and are likely to increase, the Council of Mortgage Lenders (CML) said last Friday. The trade group said that more than...
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IMPROVING OUTLOOK: UBS expects this year to be a better one
ZURICH – UBS does not expect this year to be like the last, when the Swiss bank wrote down US$18 billion (S$25.5 billion) in bad credits and posted the first loss since its creation, its chief...
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2008 not necessarily like 2007: UBS
(ZURICH) UBS AG does not expect 2008 to be a year like 2007, when the Swiss bank wrote down US $18 billion in bad credits and posted the first loss since its creation, its chief executive was quoted...
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MAS fears Asia will hurt if US engine seizes
A negative spiral can take hold, affecting even the real economy (SINGAPORE) A sharp and deep recession in the United States will hit Asian economies, warned Heng Swee Kiat, managing director,...
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ECB expected to lower growth forecasts, not rates
It faces dilemma as a rate cut could aggravate euro zone’s high inflation FRANKFURT – THE European Central Bank (ECB) will make a cut of sorts this week – but with euro zone inflation stubbornly high,...
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Home Sales Unlikely to beat last year’s high – The Straits Times, 1 Nov 11
Summary Strong economy first 9 months but global economic uncertainty to take toll Sales of new private homes may come close to last year’s record high, but they are unlikely to surpass the figure with...
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