Resale prices of completed condominiums and apartments in Singapore declined 0.6 per cent in August from a month earlier, according to Singapore Residential Price Index (SRPI) estimates released on Monday (Sept 28).
Demand for strata office and retail units fell sharply in the first half of 2015 with weak demand likely to persist for the second half-year, according to a report released on Monday (Sept 28) by property consultants Knight Frank.
It's too soon to bet on a rebound for Singapore stocks, according to Samsung Asset Management, which sees little value in the shares even at the widest discount to global equities in more than a decade.
Sembcorp Industries will invest US$68 million (S$97 million) to build a 426-megawatt power plant in the northwestern district of Sirajganj in Bangladesh. This build-own-operate project is Sembcorp's first in the fast-growing emerging market, said the engineering conglomerate in a press statement on Monday.
A total of 19,505 individuals applied for the first issue of the Singapore Savings Bonds for a total amount of S$413.16 million, the Monetary Authority of Singapore (MAS) announced on Monday (Sept 28). As the total application amount did not exceed the first issue's S$1.2 billion total, all applicants will receive their application amount in full, subject to the limit of S$50,000 per individual.
Ultra Clean Asia Pacific (UCT) launched on Monday (Sept 28) the largest commercial 3D printing facility in South-east Asia. The Nasdaq-listed company will leverage its extensive manufacturing experience to offer 3D printing services that will be available commercially in the region from the UCT Additive Manufacturing Center Pte Ltd.
Swiss competition authorities said Monday (Sept 28) they were investigating UBS, HSBC, Deutsche Bank and four other banks on suspicion of price fixing in the precious metals market.
Audi said 2.1 million cars worldwide were fitted with the software that allowed parent Volkswagen to cheat U.S. emission tests. Some 1.42 million Audi vehicles with so-called EU5 engines are affected in Western Europe, with 577,000 in Germany and almost 13,000 in the United States, a spokesman for Ingolstadt-based Audi said on Monday.
In the span of just 10 days, four major US companies announced plans for a whopping 40,000 job cuts. And this quarter is the worst since the recession with 79,000 total. But read beyond the headline numbers because hiring remains strong, and the US government may report this week that unemployment remained at its lowest levels since 2008.