Archive | October 29, 2007

Exit of deferred payments not a fatal blow: Goldman

Mid to mass market may be hardest hit as some projects see 50% opt for scheme (SINGAPORE) The withdrawal of the deferred payment scheme (DPS) for property purchases may quell demand in the short term, but will not deal a fatal blow to Singapore’s residential market, says Goldman Sachs. The investment bank also expects negative […]

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Inflation fears mar Vietnam’s economic boom

(HANOI) Vietnam’s blistering economic growth is attracting foreign investors, but the boom is proving costly for households, which face big rises in the price of basic products such as rice. Consumer prices rose 9.34 per cent year-on-year in October, after an 8.8 per cent increase in September, according to the General Statistics Office. Inflation is […]

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HK monetary chief warns of bubble

He urges investors to act with caution as Hang Seng surges over 40% in 2 mths IN HONG KONG HONG Kong’s monetary chief Joseph Yam has added a cautionary voice to a growing chorus of warnings in the city by observers who fear a bubble market has formed as stocks remain at giddy highs. The […]

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Central bank unlikely to change interest rates

But RBI may raise lenders’ reserve requirement again (MUMBAI) India’s central bank is expected to maintain steady interest rates in a quarterly review this week, but may ask lenders to set aside more cash as reserve to cut a surge in money supply, economists say. They said the Reserve Bank of India (RBI), slated to […]

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Australia faces turbulence from US meltdown: PM

(SYDNEY) Australia, one of the best-performing advanced economies, faces looming economic turbulence from the sub-prime lending meltdown in the United States, Prime Minister John Howard warned yesterday. Last Friday, Australian Treasurer Peter Costello had warned of an approaching international financial ‘tsunami’, with China at its epicentre. ‘We are entering a more difficult time of economic […]

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US retail stocks hit by housing, credit crisis

(NEW YORK) When home builders’ stocks plunged in 2006, Wall Street was confident that the problems would not spill over into the larger economy. Exhibit A – department store stocks rose steadily despite the housing woes. Not this time around. Housing stocks have fallen again and this time, the department store stocks have marched down […]

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