SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.
1. Singapore home prices continue their slide in the third quarter. Private home prices fell 0.6 per cent in the July to September period, the fourth continuous quarter of price decrease and after a 1 per cent decline in the second quarter. The decline in HDB resale flat prices accelerated to 1.6 per cent in the third quarter, after falling 1.4 per cent in the previous three months.
2. US dollar breaks 110 yen for first time in six years. The US dollar broke the 110 yen barrier for the first time in more than six years, following a string of generally upbeat US data and expectations of more Bank of Japan monetary easing. The greenback soared as high as 110.09 yen in late morning Tokyo trade, its highest level since August 2008.
2. Japan's Manufacturer Sentiment Unexpectedly Gains
Confidence of Japanese manufacturers unexpectedly improved, showing resilience in the world's third-biggest economy that could lend support for Prime Minister Shinzo Abe to proceed with another sales-tax increase.