By the break, the Straits Times Index (STI) <.FTSTI> was up 1.44 points at 3,187.20. The total value of shares traded in the morning session was $845.1 million, up from $562.1 million
Singapore shares may rise on Thursday, tracking gains in U.S. markets overnight as a successful bond auction by Portugal eased investors’ fears about the euro zone debt crisis.
Singapore’s benchmark Straits Times Index <.FTSTI> gained 0.11% on Wednesday to 3,244.94 points.
-At just four years old, Suri Cruise is well on her way to becoming a fashion maven – even putting together ensembles for her famous mom, actress Katie Holmes… -Is Casper: The Friendly Ghost spooking his way back to theaters? -T&A with Toni Braxton! -T.I.’s in trouble again. So what else is new? This time [...]
Clearwire Chair Craig McCaw has resigned from the cash-strapped WiMax maker, saying no disagreements prompted the move. A Clearwire co-chair has been named to replace him. – Clearwire Chairman Craig McCaw, offering two days notice, has resigned,
according to a Dec.
29 filing with the Securities and Exchange Commission. According to the
filing, McCaws decision to leave the company was “not due to any disagreements
with [Clearwire] or any matters relating to [Clearwir…
RIM has likely delayed the launch of its BlackBerry PlayBook tablet due to issues with the battery, says a new report, adding that the device may also have other problems. – Poor battery life is likely the reason that Research In Motion has
delayed the launch of its BlackBerry PlayBook tablet until the second
quarter of 2011, according to a new report from Kaufman Bros. analyst
Shaw Wu.
quot;We hear that the PlayBook needs to improve [its] relatively poor
battery …
Singapore shares fell 0.5% by midday on Tuesday, tracking lower indexes across Asia on concerns that Ireland’s debt problems may spread to other euro zone countries.
By the lunch break, the Straits Times Index (STI) <.FTSTI> was down 16.32 points at 3,141.89. Total market volume was 803 million shares, up from 628.5 million shares on Monday.
Friends of ‘Ugly Betty’ actor Michael Brea who allegedly killed his mother believe that financial stress and fears over his stalled showbiz career pushed him over the edge. “Michael had many money problems and couldn’t pay his bills,†the Daily Mail quoted his longtime friend and barber Sylvan Benoit as saying. “I think this happened [...]
By the break, the Straits Times Index (STI) <.FTSTI> was down 35.15 points at 3,155.77. Total market volume was 840 million shares.
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Will hiring the founder’s grandson save LG Electronics?
REVIVING LG Electronics is not nearly as daunting a task as reviving North Korea. The latter is a hideous dictatorship with no money. The former (whose name comes from the brands Lucky and Goldstar) is a South Korean electronics firm fallen on hard times. Yet both the company and the communist hell-hole face the tricky question of how to handle the succession at the top.
On September 17th LG announced that its chief executive, Nam Yong, will stand down next month. His sin was to have been caught napping by the smart-phone craze. LG entered the market late, with a so-so model called the Optimus. Its share of global mobile-phone sales has fallen from 10.7% last year to 9%, according to Gartner, a research firm. The average price of its handsets plunged by 27.8%, pushing its mobile division into losses of 120 billion won ($103m) in the second quarter. …
News Analysis: Apple’s iPhone 4 is experiencing some antenna problems that have caused the company to tell users to stop holding the smartphone in a particular way. But iPhone 4 buyers deserve a better solution, and Apple needs to get working on it. – Apple
has found itself in an unfamiliar position. A company that has built a
reputation for delivering outstanding hardware that it does right the first
time is being forced to answer questions about reception problems iPhone 4
customers are experiencing. So far, Apple has said little.
In
an…
Motorola, Verizon Wireless and Google are preparing to unveil the Motorola Droid X smartphone in New York City June 23. That’s one day before Apple was is making its iPhone 4 available to the public. Analysts discuss the rise of the large-screen and smartphones and the potential for the iPhone 4 delays have for sending consumers to the Droid X or some other Android device. – As Apple and AT amp;T
juggle system crashes, redundant charges and mixed-up shipments for the iPhone
4, rivals in the Android camp are girding for another widely-anticipated
launch.
Motorola, Verizon Wireless and Google are preparing to unveil the Motorola Droid X smartphone in New York City Ju…
Microsoft’s newly announced Windows XP vulnerability was first reported by a Google researcher, potentially raising more behind-the-scenes conflict between the two companies. Earlier in June, reports leaked that Google had begun transitioning its employees off Windows, apparently because of security concerns. Some analysts are questioning how these public security revelations will affect the two companies’ competitive stance, and whether Microsoft will be negatively affected in the longer term. – Microsoft and Googles recent interactions have analysts questioning whether
the two companies are engaged in indirect battle, using issues such as security
and operating systems to launch broadsides at each other.
On June 1, news leaked that Google was reportedly trying to transition its
employ…
Europe’s debt crisis unlikely to derail recovery in Singapore’s tourism industry as visitors from continent account for under 15% of total visitor-arrivals to country, says UBS according to Dow Jones.
Europe’s debt crisis suggests interest rates likely to remain low for longer than initially expected, which should help sustain demand for Singapore private homes, says OCBC Investment Research, according to Dow Jones.
Disappointment over US May jobs data, renewed jitters over risk of European sovereign debt default set to weigh on Singapore shares after bruising US stocks on Friday, according to Dow Jones.
20.4% spike in CBOE Volatility Index points to increased fear among investors. Support for STI tipped at last week’s low of 2,710; closed +0.5% at 2,806.51 Friday.
Wall Street’s heavy losses on lingering fears over Europe’s debt problems set to rub-off on Singapore shares, according to Dow Jones.
The STI may fall below 2,700 for first time in 3 months after closing down 0.8% at 2,753.51, with support tipped at year-to-date low of 2,665 set in February.
Celestial Nutrifoods, the Beijing-based soybean food and beverage maker, says it recorded a net loss of RMB 6.4 million ($1.3 million) for the 3 months ended 31 March 2010 (1Q2010) compared to a post-tax profit of RMB 141.1 million in 1Q2009.
Revenue of the group decreased 18.2% to RMB 384.2 million from RMB 469.6 despite additional revenue of RMB 64.3 million contributed by new products such as bio-fuels, high protein nutrient beverages and high protein nutrient powders.
Impact of European airspace closure on Singapore Airlines’ (C6L.SG) earnings this year not likely to be significant if closure not more than 2-3 months, says JPMorgan, which has Overweight call with $17 target, says Dow Jones.
Fallout from worldwide flight cancellations to, from Europe not all bad news for Singapore shares, says DMG research head Terence Wong, according to Dow Jones.
DMG notes while punters may be tempted to sell down hospitality, retail plays on risk of fewer tourists, hotels in Singapore fast filling up with visitors from Europe who can’t catch flights home.
