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HSBC clients face probe over Singapore, India accounts: Bloomberg

July 6th, 2010 | No Comments

The US Justice Department is investigating HSBC Holdings PLC (HBC) clients who might have failed to inform the Internal Revenue Service about accounts in India or Singapore, Bloomberg News reported on Monday, citing three unnamed people familiar with the matter.

One client got a Justice Department letter in late June saying prosecutors had “reason to believe that you had an interest in a financial account in India that was not reported to the IRS on either a tax return” or a Treasury Department report disclosing foreign accounts, the report said. It cited a copy read by a lawyer for one of the clients.

How Can I Get My Small Business On CNN?

April 22nd, 2010 | No Comments

Have you ever watched a CNN or Fox News Channel report on a small business or entrepreneur talking about his or her company? Readers ask all the time how can I get my small business on CNN? If youâ€™re a regular reader of this blog you know there are all kinds of ways to get this kind of publicity.

PM Lee sees â€˜goodâ€™ growth after record first quarter: Bloomberg

April 15th, 2010 | No Comments

Singapore is looking forward to “good” growth this year after the island-state’s economy expanded in the first quarter at the fastest pace since at least 1975, Prime Minister Lee Hsien Loong said.

“I am happy with the very strong first-quarter growth. It reflects a rebound from the downturn last year, which is broad- based and robust,” Lee said in an e-mailed response to questions from Bloomberg News late yesterday. “Singapore is looking forward to good growth in 2010.”

Singapore will favour stronger currency by October, Bloomberg survey shows

April 7th, 2010 | No Comments

Singapore’s central bank will favor a stronger currency by October to curb inflation and catch up with regional peers in withdrawing economic stimulus, a survey of economists showed.

The Monetary Authority of Singapore will seek a strengthening as early as its twice-yearly review this month, according to six of 13 economists in a Bloomberg News survey. Twelve expect an appreciation by October with one undecided. The central bank uses the exchange rate, rather than interest rates, to conduct monetary policy. It guides the Singapore dollar against a basket of currencies within an undisclosed band.

Bank of China, Temasek said to plan $4b rural bank: Bloomberg

March 15th, 2010 | No Comments

Bank of China and Temasek Holdings may invest as much as 20 billion yuan ($4.04 billion) to build a rural-banking business in China, two people with knowledge of the matter told Bloomberg News.

The companies are in talks about setting up as many as 400 rural banks, the people said, declining to be identified. Bank of China would own a controlling stake in the joint venture, they said.

Globalfoundries Singaporeâ€™s dollar bonds jump on buyback offer

February 23rd, 2010 | No Comments

Globalfoundries Singapore’s US$375 million ($528.6 million) in 5.75% bonds due in August jumped after the company, formerly known as Chartered Semiconductor Manufacturing, announced a buyback offer for the notes, reported Bloomberg.

The notes rose to 101.253 cents on the dollar from 100.5 cents yesterday, according to an average of prices from Asian banks compiled by Bloomberg. The yield plunged to 2.831% from 4.572%, the data show.

Exports increase for third month on electronics sales

February 17th, 2010 | No Comments

Singapore’s exports increased for a third straight month in January as electronics manufacturers shipped more goods overseas, countering a decline in pharmaceutical sales, reported Bloomberg.

Non-oil domestic exports rose 20.8% from a year earlier, after a 26.1% gain in December, the trade promotion agency said in a statement today. The median forecast of 11 economists surveyed by Bloomberg was for an increase of 35%.

Raffles Education surges; Khazanah to buy stake in China unit

February 10th, 2010 | No Comments

Bloomberg says shares of Raffles Education Corp. climbed by most in almost one year after Malaysian state-linked investment company Khazanah Nasional Bhd agreed to buy a 10% of its wholly-owned unit Oriental University City.

STI gains 0.4% to close at 2,693.62

February 8th, 2010 | No Comments

The Straits Times Index added 0.4% 2,693.62 at the close. Four stocks fell for every three that rose, Bloomberg says.

Stocks on the measure trade at 14.3 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg.

The following shares were among the most active in the market.

Temasek to offer $1b of guaranteed notes due 2020

February 8th, 2010 | No Comments

Bloomberg says Temasek Holdings Pte plans to sell $1 billion of bonds maturing in 2020, it said in an e-mailed statement.

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NOL, Ezra, Raffles, SIA, Straits Asia Resources, Yangzijiang gain at the break

February 3rd, 2010 | No Comments

Singapore’s Straits Times Index climbed 1% to 2,747.42 as of the 12:30 p.m. trading break, snapping losses of 1.3% in the past three days, reported Bloomberg. Eight stocks advanced for each that fell on the 30-member gauge.

Stocks on the measure trade at 14.7 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg.

The gainers as of 9:50 a.m., according to Bloomberg

February 3rd, 2010 | No Comments

Ezra Holdings (EZRA SP), a provider of logistics services to the oil and gas industry, gained 2.4% to S$2.12. OCBC Investment Research upgraded the stock to “buy” from “hold”.

Raffles Education Corp. (RLS SP), the operator of design schools, advanced 2.5% to 41 cents. The company said it has established four new colleges in India, bringing to 33 the colleges it operates across 11 countries in the Asia-Pacific region.

STI gains 1% to 2,749.10 as of 9:50 a.m.

February 3rd, 2010 | No Comments

The Straits Times Index climbed 1% to 2,749.10 as of 9:50 a.m., snapping losses of 1.3% in the past three days. Twenty-seven stocks on the 30-member gauge advanced, reported Bloomberg.

Stocks on the measure trade at 14.7 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg.

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STI drops 0.6% to 2,720.87 at closing

February 2nd, 2010 | No Comments

The Straits Times Index dropped 0.6% to 2,720.87 at the close, said Bloomberg. Almost two stocks declined for each that rose on the 30-member gauge.

Stocks on the measure trade at 14.6 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg. The following shares were among the most active in the market.

STI loses 0.1% to 2,732.89 at the break

February 2nd, 2010 | No Comments

The Straits Times Index lost 0.1% to 2,732.89 as of the 12:30 p.m. trading break. About as many stocks advanced as declined on the 30-member gauge, reported Bloomberg. Stocks on the measure trade at 14.6 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg.

Frasers Commercial Trust (FCOT SP) rose 3.3% to 15.5 cents. Hospital operator Parkway Holdings (PWAY SP) gained 1.9% to $2.69 after Macquarie Group Ltd. upgraded the stock to “outperform” from “neutral.” ST Engineering (STE SP) rose 1.3% to $3.21, adding to yesterday’s 2.6% gain. The company said it has won a $87 million contract from the Singapore Armed Forces to train drivers. Budget carrier Tiger Airways Holdings (TGR SP) climbed 1.4% to $1.47.

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STI slips 0.3% to 2,736.17 at the close

February 1st, 2010 | No Comments

Singapore’s Straits Times Index slipped 0.3% to 2,736.17 at the close, reported Bloomberg. Nine stocks dropped for every five shares that rose on the 30-member gauge.

STI falls 0.3% to 2,736.93 at the break, ST Engineering, Biosensors, TPV up

February 1st, 2010 | No Comments

The Straits Times Index slipped 0.3% to 2,736.93 as of the 12:30 p.m. About eight stocks dropped for every five shares that rose on the 30-member gauge, says Bloomberg newswires. Stocks on the measure trade at 14.6 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg.

Keppel Land raises $180m from three-, five-year bonds

January 15th, 2010 | No Comments

Keppel Land sold $180 million of three- and five-year bonds, according to data compiled by Bloomberg.

The Singapore-based property company sold $105 million in 3.51% notes due 2015 and $75 million in 2.77% notes due 2013, the data show.

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Singaporeâ€™s economy probably shrank in Oct-Dec, says Bloomberg survey

December 31st, 2009 | No Comments

Singapore’s economy probably shrank this quarter after six months of growth as weaker manufacturing output cooled the island’s recovery from the global recession.

Gross domestic product contracted an annualised 2.1% from the previous three months, after climbing 14.2% from July to September, according to the median estimate of eight economists surveyed by Bloomberg News. The trade ministry will release the data at 8 a.m. on Jan 4.

Temasek sells $1.5b of bonds in first issue in 4 years

October 20th, 2009 | No Comments

Temasek Holdings Pte, Singapore’s government-owned investment company, sold US$1.5 billion ($2.1 billion) of 10-year bonds in its first offering in four years, according to data compiled by Bloomberg.

The 4.3% debt priced at 99.775 cents on the dollar to yield 95 basis points more than similar-maturity Treasuries, Bloomberg data show. One basis point is 0.01 percentage point.

Posts Tagged ‘bloomberg’

HSBC clients face probe over Singapore, India accounts: Bloomberg

How Can I Get My Small Business On CNN?

PM Lee sees â€˜goodâ€™ growth after record first quarter: Bloomberg

Singapore will favour stronger currency by October, Bloomberg survey shows

Bank of China, Temasek said to plan $4b rural bank: Bloomberg

Globalfoundries Singaporeâ€™s dollar bonds jump on buyback offer

Exports increase for third month on electronics sales

Raffles Education surges; Khazanah to buy stake in China unit

STI gains 0.4% to close at 2,693.62

Temasek to offer $1b of guaranteed notes due 2020

NOL, Ezra, Raffles, SIA, Straits Asia Resources, Yangzijiang gain at the break

The gainers as of 9:50 a.m., according to Bloomberg

STI gains 1% to 2,749.10 as of 9:50 a.m.

STI drops 0.6% to 2,720.87 at closing

STI loses 0.1% to 2,732.89 at the break

STI slips 0.3% to 2,736.17 at the close

STI falls 0.3% to 2,736.93 at the break, ST Engineering, Biosensors, TPV up

Keppel Land raises $180m from three-, five-year bonds

Singaporeâ€™s economy probably shrank in Oct-Dec, says Bloomberg survey

Temasek sells $1.5b of bonds in first issue in 4 years

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