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Stock Market / Finance in Singapore

  • Asian Shares Fall Amid Lack Of Triggers

    CHINA, 2016/03/16 Asian shares slid from a 10-week high on Tuesday as oil prices fell again on oversupply concerns and the Bank of Japan preferred to stand pat on rates next its amaze January decision to adopt negative interest rates. Lackluster cues from Wall Street, a weaker yuan and profit taking next recent sharp gains as well kept investors on edge ahead of a two-day Federal Reserve monetary policy conference that gets underway tonight. Chinese shares recouped early losses to end modestly higher next sharp gains the previous day. The benchmark Shanghai Composite closed 4.87 points or 0.17 % higher at 2,864.37 next falling around 1 % before in the session. Hong Kong's Hang Seng index dropped 146.57 points or 0.72 % to 20,288.77.

  • Decrease in annual consumer prices moderates in December

    SINGAPORE, 2016/01/28 In December, consumer prices recorded zero increase over the previous month, which follows the 0.2% increase tallied in November. According to Statistics Singapore, December’s reading mainly reflected a rise in prices of recreation and culture, which offset a fall in prices of clothing and footwear. Consumer prices fell 0.6% annually in December, which was above November’s 0.8% drop. The reading slightly overshot market expectations of a 0.7% decrease. Annual average variation in consumer prices remained stable at November’s minus 0.5% in December.

  • Singapore stocks end down 0.14 pct

    SINGAPORE, 2015/09/29 Singapore shares closed 0.14 % lower on Tuesday, as investors dumped shares following plunging commodity prices. Commodity and energy stocks led declines on continued concerns about a world slowdown. World commodity stocks fell sharply overnight next the Swiss mining-and-trading company Glencore PCL' s share price slumped in London on concerns about its deficit load as commodity prices tumbled. Meanwhile, a spokesman for China's National Bureau of Statistics last week expanded the definition of the "around 7 %" 2015 gross domestic product (GDP) increase target to include a range of 6.5 % to 7.5 %, triggering investors who interpreted the new definition as "China's GDP may fall to 6.5 % in the worst case" to dump shares in Hong Kong, further dampening the market sentiment across the region.

  • Singapore Budget Deficit In FY 2014

    SINGAPORE, 2014/02/23 Singapore budget is set to log a deficit in the financial year 2014-15 next making notable allocations for healthcare and welfare programmes for the elderly. The in general budget deficit will be S$1.2 billion, or about 0.3 % of GDP, Finance Minister Tharman Shanmugaratnam said in the parliament on Friday, delivering the annual 2014 budget. It will be the initial deficit since 2010. The minister said it is close to a balanced budget, and will not result in a draw on completed reserves as there is sufficient surplus from the last few years.

  • Singapore inflation hits 8-month high largely on COE price spike

    SINGAPORE, 2013/04/29 Inflation in Singapore jumped to an eight-month high last month, caused mainly by a spike in certificate of entitlement (COE) prices. Inflation rose by 4.9 % last month from a year formerly, a sharp jump from January's 3.6 %, the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) said yesterday.
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