Singapore keeping an eye on housing market amid ‘correction’
SINGAPORE, Aug 14 — Singapore is closely watching the domestic housing market that’s in a correction phase amid the longest decline in 13 years, according to Finance Minister Tharman Shanmugaratnam.
The government has sought to temper the market…
EU says ‘entirely feasible’ eurozone will endorse Greek bailout deal
BRUSSELS, Aug 14 — The EU said it is “entirely feasible” that eurozone finance ministers meeting in Brussels later today will endorse a multi-billion euro bailout deal approved by the Greek parliament.
“We are encouraged by the strong vote…
Petronas says to draw on reserves to meet dividend commitments
KUALA LUMPUR, Aug 14 — Malaysia‘s Petroliam Nasional Bhd (Petronas) today said cash from operations will cover neither capital expenses nor committed dividends for 2015, forcing the state-owned oil firm to draw on reserves and further cost…
Oil set for longest weekly slump since January
MELBOURNE, Aug 14 — Oil headed for the longest run of weekly declines since January amid signs the global glut that’s driven prices to the lowest in six years will be prolonged.
Futures dropped 0.6 per cent in New York today, bringing the…
Malaysian stock index hits near three-year low; oil shares fall
BANGKOK, Aug 14 — Most Southeast Asian stock markets fell today, with the Malaysian stock index hitting a near 3-year low as a weakening ringgit and tumbling global oil prices prompted investors to cut holdings in regional energy shares.
The…
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