Need more money?

Do you need more cash for your personal or business?

stop stressing

If your loan in singapore has been rejected by the bank or the loan amount approve is not enough, Contact us and we will analyze your financial position and help you get the loan amount desired re-consider by the bank and approve.. Proven success records!!

Email me your contact details and we will call you back within 1 working day.

 

 

U.S. Stocks Advance After Data Reports – Bloomberg

U.S. stocks pared gains as financial shares led losses, with Citigroup Inc. (C) plunging as much as 8 percent after reporting an unexpected drop in earnings.

Goldman Sachs Group Inc., which is scheduled to release results tomorrow, fell 1.5 percent.

The Standard & Poor’s 500 Index rose 0.2 percent to 1,291.99 at 3:14 a.m. in New York after earlier climbing as much as 1.1 percent

via U.S. Stocks Advance After Data Reports – Bloomberg.

Keep Productivity Levels with Feng Shui: How To Achieve More with Less Effort

Stress that we are not aware of damages us the most, says Gabor Mate in his excellent book “When the Body says No”. Can feng shui help you identify the stress points in your environment, and, more importantly, can feng shui help neutralize or eliminate them? Yes, of course it can. You have to start by paying attention to factors that drain your energy throughout the day. When do you feel your energy levels drop? Can you make a connection between lower energy levels and spending time in a specific home or office environment or with specific people? Once you become more aware of the factors that lower your energy, focus on finding ways to change the situations that cause that invisible or way too visible! stress. In over 90% of highly stressful and busy schedules, by changing the energy flow in your space home and business, you will get back higher levels of personal energy. This will allow you to sustain the desired quality of life in a more effortless, more gracious way. Being active and being productive are definitely not the same thing and hard work does not always equal great work. Lets focus on smart, intelligent, genuinely productive and really nourishing ways to keep your energy levels high while aiming to achieve your desired goals. There are many environmental stress factors that can considerably lower your energy. From the high EMF devices we commonly use, such as cell phones, computers, many home and office appliances to the long list of toxic pollutants common in our indoor and outdoor air. Know how to protect your health and your energy levels on a basic level, and then be sure to apply basic feng shui to considerably enhance the energy. It is important to understand that feng shui alone will not help you deal with a toxic home, or a toxic office. In many cases you have to take practical steps to deal with any given situation, and then enhance the energy with feng shui. As with everything else in life, it all depends on your attitude, as well as on what you focus your energy upon. The focus on health, well-being, high energy levels, genuine productivity will bring much better and quicker results than the focus on fighting against negative energy or factors that lower your energy levels. Often what you fight against becomes stronger as you give it more energy by focusing on it. Be smart and stay connected to higher energy while dealing with its lower expressions. Speaking of energy, below are some quick feng shui suggestions to get you from the “AA” Zone: Always Active zone to the “EE” zone: Efficient and Energizing one. Energy being all around us, lets first focus on the most basic, fundamental expressions of energy, and see how you can use them to sustain higher personal energy levels. Lets focus on Sound and Light.SOUND: Find an alarm clock with an option of soothing, gently energizing sounds and program it for different occasions. You want to wake up to gentle soothing sounds of a blessing for the newly born day, rather than an army horn that pushes you into overdrive while you still might be far away in your dreams. LIGHT: Avoid harshly waking up your system early in the morning with bright, intimidating bathroom or kitchen lights. Invest in several layers of lighting, or install a dimmer switch. This will allow your body to gently transition from one energy stage to another before being fully awakened. Can you imagine the sun in the sky suddenly rocketing into the 12 oclock position before the moon fades out? Dont do that to your system, watch the patterns in nature and learn to be gentle with yourself. Smooth transitions are important, as they allow you to save & store precious energy you need for achieving the many tasks in life. The ultimate wisdom is in achieving more with less effort and in finding pleasure from everything you do. Use feng shui cures to create a pleasant and energizing environment to nourish your energy and keep your productivity levels high. Play and experiment with different decor arrangements in your home or office and see what feels best to you. Go for the best, you know you fully deserve it.

via Keep Productivity Levels with Feng Shui: How To Achieve More with Less Effort.

Fed Bolsters Tools to Avert Collapse of Big Firms – Bloomberg

The Federal Reserve sought to curb the risk of financial turmoil by strengthening the central bank’s tools for preventing the collapse of large firms and demanding stricter oversight by companies’ boards of directors.“The proposal would create an integrated set of requirements that seeks to meaningfully reduce the probability of failure of systemically important companies and minimize damage to the financial system and the broader economy in the event such a company fails,” the Fed said in the draft rules today.The central bank’s proposed standards, aimed at averting a recurrence of instability following the collapse of U.S. mortgage finance, target banks with assets totaling $50 billion or more and financial firms deemed “systemically important.” The Fed delayed releasing rules for supervision of foreign firms and for risk-based capital and leverage requirements.The proposed Fed rules require boards of directors to oversee and approve plans for limiting liquidity risk, while imposing enforcement triggers for firms deemed to have weaknesses in capital and risk management. The standards are mandated under the Dodd-Frank regulatory overhaul law passed in July 2010.Comments on the proposal are due by March 31, the Fed said today.Shares of U.S. lenders have trailed the broader market this year, with the 24-company KBW Bank Index BKX dropping 30 percent in 2011 through yesterday, compared with a 4.2 percent decline for the Standard & Poor’s 500 Index. The KBW Bank Index rose 4.2 percent at 2:40 p.m. in New York.

via Fed Bolsters Tools to Avert Collapse of Big Firms – Bloomberg.

New property curbs seen to cool prices – Channel NewsAsia

The Singapore property market is bracing for a slowdown, with experts predicting a steep drop in transaction volume and prices over the next few months.

This comes after tougher residential property measures kicked in on Thursday, hours after they were announced on Wednesday night.

Under the new measures, foreigners and companies must pay an additional stamp duty of 10 percent of the value of residential property purchases in Singapore.

Permanent residents who buy a second property and citizens who buy three or more properties will pay an extra 3 percent.

The new stamp duty is on top of the prevailing fees of between one and three per cent.

Property buyers hit hardest by the new measure would be foreigners like Norman Lu.

The 34-year-old healthcare consultant arrived in Singapore a year ago to work in a multinational company.

Mr Lu is renting a place, but in the last three months he has been looking to buy a condominium in Paya Lebar or Braddell. However the new rules have put a stop to such plans.

He said: “We are very disappointed. Even though we are foreigners, we have been working in Singapore for a year, we also contribute to this country. So as a foreigner, we feel that the government does not welcome us.”

Mr Lu said he was on the verge of closing a deal, but will need to evaluate his options now.

He said: “(There is) 80 per cent (chance that) I will not buy now. I will wait for one year, then I can get PR (permanent resident status) then I will buy a private condo or buy an HDB flat.”

His other options include leaving Singapore, “because I can easily find another job opportunity in another country” and “if property owners drop the price by 10 to 15 per cent, then I will buy a condo immediately because I want to stay in my own property.”

Market watchers expect transaction volumes in the core region like Orchard Road and Bukit Timah to slump by 40 per cent, because of the significant number of foreign buyers for such properties.

Prices will also be hit, with a possible correction of up to 20 per cent.

Mohamed Ismail, CEO of PropNex, said: “It takes a very bullish decision from a foreigner to come and invest in Singapore in today’s market, having to pay a 13 per cent stamp duty upfront, and (being) subjected to the Seller’s Stamp Duty in the next four years, of 16 per cent, 12 per cent, 8 per cent, and 4 per cent.

“And even if he sells after four years, if he buys a property today, he must expect at least a 25 to 30 per cent increase in the property price to break even, taking into consideration other costs and interests and all other elements.”

Mr Mohamed said there were a few foreigners who had already expressed interest in buying properties and were planning to sign the option papers on Wednesday, but pulled out after the announcement of the new rules.

He added that even though these buyers will not be affected by the higher stamp duty, they felt their returns will be severely impacted.

The mass market segment – which has seen more foreign buyers moving in – is also expected to dip, which may be a boon for Singaporeans.

Mr Mohamed said: “When more foreigners enter the mass market, they are competing with Singaporeans and Singaporeans’ aspirations are challenged mainly because the prices keep increasing. Overall, the buyers are now going to wait and see….with such a policy, where is the correction before entering the market.”

He added: “I do expect, in the next six months, the mass market properties are likely to see a correction of 10 to 15 per cent.”

New developments are springing up all over Singapore, but may soon have difficulties finding buyers. Property watchers expect the market to be fairly quiet over the next one to two months.

December and January normally see fewer transactions due to the school holidays and New Year celebrations. And with the latest round of cooling measures, buyers are expected to adopt a wait-and-see approach, hoping that prices will drop, before dipping their toes into the market again.

– CNA/ck/ms

via New property curbs seen to cool prices – Channel NewsAsia.

New property curbs seen to cool prices – Channel NewsAsia

At least one real estate agency thinks the immediate reaction to the latest cooling measures will be a slowdown in the private property market.

CEO of PropNex Realty Mr Mohamed Ismail said he expects a price correction of approximately 15 to 20 per cent in the central core region and a correction of 10 to 15 per cent in the mass market segment in the next six months.

PropNex also expects transaction volume to dive by as much as 40 per cent in the core central region and by as much as 20 per cent in the mass market segment.

Under the latest changes, foreign buyers of private properties in Singapore will now have to fork out 10 per cent more in stamp duty while permanent residents and Singaporeans are also affected with an increased stamp duty on their second and third properties respectively.

PropNex said the new measures could have been targeted to preserve affordable pricing in the mass market segment – homes costing less than S$2 million where prices have surpassed S$1,000 psf.

It argues that having a blanket policy will impact the high-end market which has been the investment interest of the foreign buyers.

via New property curbs seen to cool prices – Channel NewsAsia.

European Stocks Climb Amid ECB Support Hope – Bloomberg

European stocks rose amid speculation the European Central Bank will announce measures to boost the economy as the region’s leaders meet to lay the foundations for a fiscal union. U.S. futures fluctuated and Asian shares fell.The benchmark Stoxx Europe 600 Index advanced 0.5 percent to 242.52 at 8:10 a.m. in London, halting a two-day decline. The gauge posted its biggest rally since November 2008 last week as central banks lowered the interest rate on dollar funding and China reduced its reserve ratio for banks.“A rate cut of at least 25 basis points is expected from the ECB, but what may be more important is what will be said at the press conference,” said Robert Talbut, who helps oversee about $70 billion as chief investment officer at Royal London Asset Management Ltd. “We’re looking for words that the summit will bring forward early and significant additional policy from the ECB on bond buying. People will be hanging onto the words of any policy makers in the next 48 hours.”The Stoxx 600 slipped 0.2 percent yesterday after Germany rejected combining the current and permanent euro-area rescue funds and expressed pessimism over the outcome of a two-day European Union summit that starts today in Brussels. The gauge posted its biggest rally since November 2008 last week as central banks lowered the interest rate on dollar funding and China reduced its reserve ratio for banks.U.S., Asian SharesFutures on the Standard & Poor’s 500 Index fell 0.1 percent today, while the MSCI Asia Pacific Index dropped 0.6 percent after economic data from Japan and Australia signaled the global economy is slowing.Japan’s Nikkei 225 Stock Average NKY retreated 0.7 percent after machinery orders fell 6.9 percent in October from September, missing the median forecast of a 0.5 percent gain by 27 economists surveyed by Bloomberg News.Australia’s S&P/ASX 200 index fell 0.3 percent as the nation’s employers cut 6,300 workers in November from the previous month, trailing the 10,000 extra jobs forecast in a Bloomberg survey of 22 economists.ECB policy makers meeting in Frankfurt will cut the benchmark interest rate by a quarter percentage point to 1 percent, according to 53 of 58 economists in a Bloomberg News survey. They may also loosen collateral criteria to give banks greater access to cheap cash and offer longer-term loans, said three euro-area officials with knowledge of the deliberations.ECB RatesThe ECB announces its rate decision at 1:45 p.m. in Frankfurt and President Mario Draghi holds a press conference 45 minutes later. European Union leaders will meet for dinner at 7.30 p.m. in Brussels for talks on a “comprehensive” solution to the region’s debt crisis that will continue tomorrow.BNP Paribas BNP SA, the biggest French bank, advanced 1.6 percent to 33.51 euros. Results of tests from the European banking regulator released today will show French lenders’ capital shortfall shrank from the October estimate of 8.8 billion euros $11.8 billion, a person with direct knowledge of the matter said.Tesco Plc TSCO slipped 1.4 percent to 391.4 pence. The U.K.’s largest supermarket chain said a sales decline continued in the third quarter as cost-conscious Britons were weighed down by unemployment fears and rising fuel and food bills. Revenue at U.K. stores open at least a year fell 0.9 percent, excluding fuel and value-added tax, in the three months ended Nov. 26.To contact the reporter on this story: Peter Levring in Copenhagen at plevring1@bloomberg.netTo contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.netWant to save this for later? Add it to your Queue!

via European Stocks Climb Amid ECB Support Hope – Bloomberg.

China Aviation Oil says oil prices to remain high in 2012 – Channel NewsAsia

SINGAPORE: China’s biggest jet fuel supplier said world oil prices will remain elevated throughout 2012.

China Aviation Oil Singapore (CAO) said the global economic slowdown that is widely forecast to deepen next year will not undermine crude prices, which the company forecasts will trade between US$90 and US$110 per barrel.

Oil futures trade in New York is currently at around US$101 a barrel. Volatile financial markets this year have pushed oil prices to as low as US$76 in October, down from the year’s high of US$114.60 in April.

In an interview with Channel NewsAsia, CAO chairman Sun Li said that his forecast was barring unforeseen circumstances such as a full-blown financial crisis.

Mr Sun is also the president of China National Aviation Fuel Group Corporation (CNAF), a state-owned air transportation logistics service provider, which is also the majority shareholder in CAO.

The jet fuel trading company said regional Asian demand for air travel and transport will counter global economic uncertainty to support prices in crude oil and steady growth in China’s aviation sector will be the bedrock of support for oil next year.

That in turn will help CAO escape “relatively unaffected” by the global slowdown.

Mr Sun said: “Compared to the other economic players, I feel that the impact of the financial crisis is lesser. Generally, China’s economic developments in these recent years are faster. The aviation industry for example, only moderated partially and has stayed resilient after the financial crisis occurred. In 2008, the demand for aviation dropped to 7.8 per cent. In 2009, it dropped to 9.8 per cent. This year, it dropped to around 10 per cent.”

Mr Sun said that China’s jet fuel consumption should remain resilient next year and grow at the same pace of 9.5 per cent.

Still, the company said it will be more cautious in its expansion plans.

It has set a target to raise the contribution of its non-China markets to 50 per cent by 2014.

Right now, it stands at around 30 per cent.

CAO currently trades around 7.17 million tonnes of jet fuel per year, a large part of which goes into the Chinese market. China makes up about 70 per cent of its business, with the rest coming mainly from the Asia Pacific, Europe and the US and the Middle East.

CAO said it has the right systems in place to achieve that. It has also been gradually restructuring itself over the past few years to diversify into other segments.

The company on Tuesday marked its 10th anniversary of its listing on the Singapore Exchange and it has since come a long way.

In 2004, CAO was involved a financial scandal where it manipulated its accounts to hide huge losses in derivatives trading of about US$550 million.

Mr Sun said the company has moved on and has put stricter measures such as a risk management committee in place to prevent such incidents.

This is on top of its audit committee, nomination committee and remuneration committee.

There is also a tighter workflow of what it calls a “three-tier control” system” which involves closer supervision on the board level, the management level and operational/execution level.

The system makes sure that the company does not over expose itself to trading risks and ensures protocols are followed.

A reflection of the higher corporate standing it now has is in how it has managed to more than tripled its credit facilities from before the scandal in 2004 to US$1.63 billion currently.

And CAO said these have helped the company to grow strongly over the past three years.

For each year since 2008, trade volume has grown at 15 per cent, gross profit rose 37 per cent, and net profit up 18 per cent.

Mr Sun said: “For a company to come out with such results is not easy. We have grown fast. It shows we have maximised our opportunities with the support of other companies.

CAO said it expects earnings this year to surpass 2010 after a 24 per cent hike in its third quarter profit.

But it warns that next year could be more complicated as it expects greater risks and tighter funding due to the economic uncertainties.

via China Aviation Oil says oil prices to remain high in 2012 – Channel NewsAsia.