Fresh signs of the serious difficulties facing corporate America pushed Wall street stocks sharply lower for a second straight session. A host of big names such as General Motors and Ford neared or surpassed yearly lows
We expect the Singapore property market downturn to accelerate as a recession hits in 2009 but City Developments should be positioned to ride out the cycle.
OCBC Bank has voluntarily proposed to abstain from undertaking financial advisory work on take-overs for 6 months from 1 September 2008 and to donate up to $1m to sponsor education program in fraud awareness and detection.
The US currency advanced to its strongest level in more than two years versus the British pound as Hurricane Gustav weakened before making landfall in Louisiana.
For this issue, we have conducted an exclusive interview with Glenndle Sim, CEO of Mencast Holdings, a leading manufacturer of marine sterngear equipment that is poised to ride on the growth of the buoyant offshore oil and gas and marine industry.
Shares Investment feels that 2008 is going to be a bumpy year as the effects of the US sub-prime problems are unlikely to ease in 1H08. However, we expect the situation to be more stable by 2H08.
