Wall Street is back on alert due to the rising interest rates as the 10-year Treasury note yield broke the level of 2.9 percent on Thursday. United Capital CEO Joe Duran anticipates another market correction for the S&P 500 before end-year, considering the rise of interest rates and weakening of dollar. Despite ongoing concerns, Dow Jones Industrial Average (DJIA) rose by 2.9 percent to 24,664.89 over the fortnight, while S&P 500 also jumped 3.1 percent to close at 2,693.13.
In our daily lives, food plays an important role in providing the necessary nutrients for our body to function throughout the day. Arguably, breakfast has been considered the most important meal of the day by many since it kickstarts our metabolism and provides us with sustenance.
Stepping into the next stage of advancement towards renewable energy, one essential commodity that is heavily sought after is Lithium, also known as Li in the periodic table. The usage for Lithium Carbonate (LCE) can be mainly found in batteries of daily electronic products such as mobile phones, laptops, personal mobility devices and electric vehicles.
Trump’s administration intends to impose tariffs amounting to at least US$50 billion on imports from China, mainly products coming from sectors such as aerospace, information and communication technology and machinery in order to further address the US$375 billion trade deficit with China. The ongoing trade war dragged Dow Jones Industrial Average (DJIA) down by 723.42 points in a single trading day, closing at 23,957.89 on 22 March 2018, marking the second biggest single-day point drop in this year.
Supermarkets play a crucial role in our daily lives as the ease of accessibility, fresh and low-cost food offerings are the key factors that appeal to consumers. In the latest 2017 December report by Singapore’s Department Of Statistics, retail sales of supermarkets grew by 8.2 percent year-on-year.
In recent years, Korean Wave has become an influential global phenomenon that has captured the hearts of all generations, raising the entire South Korean entertainment industry to a whole new level. Right within the entertainment industry is Spackman Entertainment Group, a Korean theatrical film production group with over 85.7 percent of business revenue coming from the film industry.
Investors onboard Sembcorp Marine (SMM) has found themselves in murky water after the disappointing results for 4Q17. The net loss of $33.8 million recorded for the period must have surprised many of the market participants that were expecting slightly better results.
Fears of inflation and rising bond yields drove investors into a panic sell-off and set Wall Street on one of its wildest ride ever since the market turmoil in 2015.
2017 was indeed a fruitful year for Singapore Exchange, raising approximately $4.7 billion from the 21 successful IPO listings, as Clearbridge Health (Clearbridge) was the last company to debut on 18 December 2017 on Catalist of the Singapore Exchange.
For the fortnight, oil prices continued its rally backed by the unexpected decline in US oil stockpiles which saw US production drop 290,000 barrels per day to 9.5 million. This drove crude oil brent prices to exceed US$70 per barrel for the first time in three years, touching an intraday high of US$70.34 on Tuesday.