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Saturday, 04 July 2009
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Singapore Property & Finance News

  • BT offers holidays for pay cuts

    BT offers staff the chance of long holidays in return for a big pay cut in a bid to reduce costs during the economic downturn.

  • Rogue trades cost oil broker $10m

    A rogue trader at a London-based oil brokerage causes his employer to lose $10m (£6m) after making unauthorised trades.

  • BA to cut spending by one fifth

    British Airways says it is to reduce capital spending by 20% as it faces falling passenger numbers.

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  • Next foreclosure wave is in view - Los Angeles Times Blogs

    Amid rising unemployment and falling home prices, mortgage defaults have surged to record levels this year. Until recently, many banks have put off launching foreclosure action on the troubled properties, in part because they had signed up for the ...

  • Another wave of foreclosures is poised to strike - Newsday

    WASHINGTON - Just as the nation's housing market has begun showing signs of stabilizing, another wave of foreclosures is poised to strike, possibly as early as this summer, inflicting new punishment on families, communities and the still-troubled ...

  • Calif. bullet train hits criticism on SF Peninsula - WJLA

    Sign up for ABC 7 News e-mail alerts. MENLO PARK, Calif. - Last November, more than 60 percent of voters on the San Francisco Peninsula supported a $9.9 billion bond measure to help pay for a high-speed rail line between San Francisco and the Los ...

  • Trenton trims spending to make up for lost cash - Jackson Sun

    Wednesday marked the first day of the new budget fiscal year for Trenton, where residents will continue to pay the same property tax rate despite a shortfall in revenues. City officials in June approved a $3.5 million general fund budget after ...

  • Housing market spurs bidding wars - Bakersfield Californian

    It sure is. Home buyers seduced by low interest rates and state and federal tax incentives are storming the real estate market and finding inventory sharply reduced. But all this demand may be artificial. Some real estate professionals predict a ...



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  • Business Update: Rogue oil trader

    Jul 03 - A spike in world oil prices is being blamed on the actions of a rogue trader, Magna edges forward to Opel deal, Siemens gets World Bank bribery ban.


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