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China prepares blacklist of dangerous food additives - International Herald Tribune

HONG KONG : As China continues to try to repair the reputation of its damaged food and dairy industries, the Ministry of Health is preparing a blacklist of dangerous food additives, "especially toxic or harmful substances, which are likely to be used ...
Clifford Chance, White & Case Win Singapore Licenses (Update2) - Bloomberg

Dec. 5 (Bloomberg) -- Clifford Chance , White & Case and Latham & Watkins won licenses to practice law in Singapore in areas including corporate finance and intellectual property as part of reforms intended to strengthen the city's finance sector ...
Singapore Hot Stocks-Jurong Tech rises on planned asset sale - Reuters

SINGAPORE, Dec 1 (Reuters) - Shares of Jurong Technologies (JTIL.SI: Quote , Profile , Research , Stock Buzz ) jumped as much as 11.1 percent after it said a non-binding proposal by Global Emerging Markets Group (GEM) was converted into a legally ...
Foreign law firms get licences - Straits Times

CLIFFORD Chance, White & Case and Latham & Watkins won licences to practise law in Singapore in areas including corporate finance and intellectual property, said Law Minister K. Shanmugam on Friday. Allen & Overy, Norton Rose and Herbert Smith were ...
China Merchants Property sells assets for $236 mln - Forbes

SHANGHAI, Dec 3 (Reuters) - China Merchants Property Development Co said on Wednesday that it had sold all the assets in a subsidiary to a Singapore fund management firm for 1.63 billion yuan ($236 million). The mid-sized property developer said one ...

Mortgage plan shows increased gov't role (AP)

AP - If you're looking for a mortgage, Uncle Sam may be the only game in town.
Bernanke: more action needed to cut foreclosures (AP)

AP - Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles.
Kashkari: Treasury considering mortgage rate plan (AP)

AP - The head of the government's financial system rescue effort said Thursday the Treasury Department is considering a program to encourage banks to make mortgage loans at low rates to help revive the battered housing market.
Bernanke wants more action to curb foreclosures (AP)

AP - Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession.
Falling mortgage rates can't thaw other credit (AP)

AP - Rates may be falling for residential mortgages and the securities backed by them, but there hasn't been a similar loosening in other strained areas of the credit markets.
Mortgage rates drop to lowest level since January (AP)

AP - Rates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market.
Mortgage rates post largest drop in 27 years (Reuters)

Reuters - Interest rates on U.S. 30-year fixed-rate mortgages plummeted by the largest amount in 27 years this week after an unprecedented intervention by the Federal Reserve, data from home funding company Freddie Mac showed on Thursday.
Bernanke urges action to halt foreclosures (Reuters)

Reuters - Federal Reserve Chairman Ben Bernanke on Thursday urged more aggressive steps to halt home foreclosures and said government-funded programs could help strapped homeowners.
FDIC's Bair warns investors fighting loan changes (AP)

AP - Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday.
Seabreeze's Kass favors U.S. stocks over Treasuries (Reuters)

Reuters - Hedge-fund manager Doug Kass, who successfully shorted U.S. equities this year including shares of Fannie Mae and Freddie Mac , is now buying U.S. stocks on the belief that they have hit bottom.
Toll loss narrows, shares rise sharply (Reuters)

Reuters - Toll Brothers Inc , the largest U.S. luxury home builder, said its quarterly loss narrowed slightly as it wrote down less inventory, and its shares rose sharply as homebuilders extended a rally spurred by improved mortgage rates.
Treasury weighs plan to rescue housing sector: report (AFP)

AFP - The US Treasury Department is considering a plan designed to push down interest rates for home loans in a bid to revive the country's troubled housing sector, newspapers reported Thursday.
Home Foreclosures Continue, Despite Bank's 'Freeze' (BusinessWeek Online)

BusinessWeek Online - Some homeowners say they are still receiving foreclosure notices, even from banks that have said they would halt the process until the New Year.
Toll Brothers trims 4Q loss, next year looks worse (AP)

AP - Luxury homebuilder Toll Brothers Inc. warned Thursday that revenue in fiscal 2009 will be significantly lower than in 2008, despite ending the year with a slightly narrower quarterly loss.
UK house prices fall at fastest rate in 16 years (AP)

AP - House prices in Britain fell at their fastest rate in 16 years during November, the country's biggest mortgage lender said Thursday, reinforcing market expectations that the Bank of England will later cut interest rates by at least another percentage point.
Paulson Considers New Plan to Resuscitate U.S. Housing Market (Bloomberg)

Bloomberg - Dec. 4 (Bloomberg) -- Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S. housing market, a government official said.
U.S. working on affordable mortgage plan: sources (Reuters)

Reuters - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday.
Financial industry pushes for lower mortgage rates (AP)

AP - Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market.
SEC adopts new rules for credit-rating agencies (AP)

AP - Federal regulators on Wednesday adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis.
Woman's skeleton found in foreclosed L.A. home (Reuters)

Reuters - Police investigating a foreclosed Los Angeles house found the skeleton of an elderly woman, apparently dead for two years, who had lived there with her 48-year-old son.

Singapore may face years of slow growth after recession - Forbes

SINGAPORE, Dec 5 (Reuters) - Singapore's economy, already in recession, may shrink in 2009 and face slow growth for years to come, the country's prime minister said, as the export-dependent city-state is hit by the fallout from the world economic ...
UPDATE 1-Singapore may face years of slow growth after recession - FXStreet.com

SINGAPORE, Dec 5 (Reuters) - Singapore's economy, already in recession, may shrink in 2009 and face slow growth for years to come, the country's prime minister said, as the export-dependent city-state is hit by the fallout from the world economic ...
Singapore may face years of slow growth after recession - Forbes

SINGAPORE, Dec 5 (Reuters) - Singapore's economy, already in recession, may shrink in 2009 and face slow growth for years to come, the country's prime minister said, as the export-dependent city-state is hit by the fallout from the world economic ...
Clifford Chance, White & Case Win Singapore Licenses (Update2) - Bloomberg

Dec. 5 (Bloomberg) -- Clifford Chance , White & Case and Latham & Watkins won licenses to practice law in Singapore in areas including corporate finance and intellectual property as part of reforms intended to strengthen the city's finance sector ...
No global depression: PM - Straits Times

'Singapore must be prepared for several years of slow growth,' said Prime Minister Lee Hsien Loong. -- PHOTO: ZAOBAO A GLOBAL depression is unlikely to happen because governments have learned lessons from the world economic meltdown in the 1930s ...
Foreign law firms get licences - Straits Times

CLIFFORD Chance, White & Case and Latham & Watkins won licences to practise law in Singapore in areas including corporate finance and intellectual property, said Law Minister K. Shanmugam on Friday. Allen & Overy, Norton Rose and Herbert Smith were ...
Tranquil Singapore shaken by Mumbai killing - Daily Telegraph Blogs

The tranquil city-state of Singapore has been badly shaken by the death of 28-year-old lawyer Lo Hwei Yen , who was killed after being taken hostage by terrorists at the Oberoi hotel in Mumbai. A Singaporean woman was killed in the Mumbai attacks ...
Singapore economy may shrink next year - PM - Hindustan Times

Singapore's economy may shrink next year, the country's prime minister said on Friday, as the trade-dependent island is hit by a sharp drop in demand for its products and services on the back of the world economic crisis. Lee Hsien Loong, speaking to ...
Singapore central bank warns of worsening economy - WTOP Radio

SINGAPORE (AP) - Singapore 's central bank warned the city-state's economy, which slid into recession in the third quarter, will continue to weaken, hurting corporate profits and sparking job cuts. "The economy has slowed down sharply and is expected ...
Top miners could cut diamond output by 40 pct-trade - Forbes

SINGAPORE, Dec 1 (Reuters) - Ructions in financial markets and a slowdown in economies threaten to cut output of rough diamonds by up to 40 percent by top miners, as banks slow lending and demand weakens, an industry official said on Monday. Freddy ...

Wall Street headed for mixed start (Reuters)

Reuters - * Stock futures pointed to a mixed start on Friday, as investors await key non-farm payrolls data. Futures for the S&P 500 and the Dow Jones industrial average were up 0.3 and 0.4 percent, respectively, and those for the Nasdaq were down 0.6 percent.
All eyes on job losses (Reuters)

Reuters - China and the United States sparred on Friday over how to handle an economic crisis that has forced central banks around the globe into a series of dramatic interest rate cuts.
Morgan Stanley widens Goldman Sachs loss view (Reuters)

Reuters - Morgan Stanley widened its fourth-quarter loss estimate on Goldman Sachs Group Inc , citing a fall in equity, credit and real-estate asset values in November, and rising negative marks on the firm's illiquid asset and principal investment portfolios.
Julius Baer CEO dies unexpectedly (Reuters)

Reuters - Alex Widmer, the chief executive of Bank Julius Baer and a well respected figure in Swiss private banking, has died unexpectedly at the age of 52, the bank said on Friday.
Understanding but no consensus on auto bailout (Reuters)

Reuters - There is broad understanding of distress but no consensus yet in Congress to rescue U.S. automakers as industry chiefs hope on Friday to advance their case in a second appearance before lawmakers in two days.
Global stocks fail to get lift from rate cuts (AFP)

AFP - Global stock markets failed to get a lift from dramatic interest rate cuts from central banks around the world, and Wall Street shares were hammered as rising job cuts and economic fears hit sentiment.
Mexican Senate passes stricter credit rules (AP)

AP - Mexico's Senate has approved stricter consumer credit rules, banning lending practices considered predatory.
Mortgage plan shows increased gov't role (AP)

AP - If you're looking for a mortgage, Uncle Sam may be the only game in town.
Dreary November sales results in focus (AP)

AP - People's shopping binges Â— fueled by deep discounts Â— on the day after Thanksgiving didn't prevent retailers from having a terrible November, which turned out to be the worst month since at least 1969. The biggest exception was Wal-Mart Stores Inc., which reported a solid sales gain.

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lauran

Financial News and Property Trends this week
Nov 03 2008 10:00:51

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In my opinion this is really very nice and informative post, which give good information about financial news and property trends this week.
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[ Back ]

China prepares blacklist of dangerous food additives - International Herald Tribune

Clifford Chance, White & Case Win Singapore Licenses (Update2) - Bloomberg

Singapore Hot Stocks-Jurong Tech rises on planned asset sale - Reuters

Foreign law firms get licences - Straits Times

China Merchants Property sells assets for $236 mln - Forbes

Mortgage plan shows increased gov't role (AP)

Bernanke: more action needed to cut foreclosures (AP)

Kashkari: Treasury considering mortgage rate plan (AP)

Bernanke wants more action to curb foreclosures (AP)

Falling mortgage rates can't thaw other credit (AP)

Mortgage rates drop to lowest level since January (AP)

Mortgage rates post largest drop in 27 years (Reuters)

Bernanke urges action to halt foreclosures (Reuters)

FDIC's Bair warns investors fighting loan changes (AP)

Seabreeze's Kass favors U.S. stocks over Treasuries (Reuters)

Toll loss narrows, shares rise sharply (Reuters)

Treasury weighs plan to rescue housing sector: report (AFP)

Home Foreclosures Continue, Despite Bank's 'Freeze' (BusinessWeek Online)

Toll Brothers trims 4Q loss, next year looks worse (AP)

UK house prices fall at fastest rate in 16 years (AP)

Paulson Considers New Plan to Resuscitate U.S. Housing Market (Bloomberg)

U.S. working on affordable mortgage plan: sources (Reuters)

Financial industry pushes for lower mortgage rates (AP)

SEC adopts new rules for credit-rating agencies (AP)

Woman's skeleton found in foreclosed L.A. home (Reuters)

Singapore may face years of slow growth after recession - Forbes

UPDATE 1-Singapore may face years of slow growth after recession - FXStreet.com

Singapore may face years of slow growth after recession - Forbes

Clifford Chance, White & Case Win Singapore Licenses (Update2) - Bloomberg

No global depression: PM - Straits Times

Foreign law firms get licences - Straits Times

Tranquil Singapore shaken by Mumbai killing - Daily Telegraph Blogs

Singapore economy may shrink next year - PM - Hindustan Times

Singapore central bank warns of worsening economy - WTOP Radio

Top miners could cut diamond output by 40 pct-trade - Forbes

Wall Street headed for mixed start (Reuters)

All eyes on job losses (Reuters)

Morgan Stanley widens Goldman Sachs loss view (Reuters)

Julius Baer CEO dies unexpectedly (Reuters)

Understanding but no consensus on auto bailout (Reuters)

Global stocks fail to get lift from rate cuts (AFP)

Mexican Senate passes stricter credit rules (AP)

Mortgage plan shows increased gov't role (AP)

Dreary November sales results in focus (AP)

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