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S’pore world’s fastest growing IPO market

B>SINGAPORE:/BWhile the initial public offering (IPO) markets in the United States and Europe struggle to lift themselves out of the wreckage of the technology crash, Singapore is the fastest growing market for new offerings in the world this year.

Business

Global music sales still tumbling

The battle-weary global music industry surveyed the wreckage of another dismal six months yesterday as global data showed music sales tumbled almost 11%, piling more pressure on music companies to do deals to survive.

Business

Goldman in talks to buy subprime servicing company

Goldman Sachs Group, which recently said it saw opportunities in the beaten-down mortgage industry, is in talks to buy the subprime servicing business of Credit-Based Asset Servicing and Securitization LLC, sources said.

Business

White House, Congress push for bailout deal

WASHINGTON (AP) - Nervously eyeing the markets' next trading session, congressional Democrats and Republican senators pushed for an agreement on a multibillion-dollar bailout for the financial sector.

Business

Bailout bill defeat could cause painful recession

WASHINGTON (AP) - The fallout from the vote against a bailout package for the U.S. financial system may well be lasting pain for the economy.

Business

Stocks hope Santa can brighten dark year

Investors could do their holiday shopping on Wall Street next week as bargain-basement prices for stocks and optimism over efforts to fight the year-long recession may prompt a year-end rally.

Business

Wisdom from a commodity guru

Amidst the critical stages of commodities, Leeb guides us to benefiting from it.

Business

Indonesian plane crashes, at least 68 dead

JAKARTA, Indonesia (AP) - At least 68 people are dead following the crash of a military plane on the Indonesian island of Java.

Business

Airbus sees bottom of industry slump

LE BOURGET, France: Airbus CEO Tom Enders was in high spirits on Friday, saying the unexpected crop of orders won at the Paris Air Show shows the heart of the aviation industry is still beating despite the recession.

Business

Obama rejects 2nd stimulus: Give recovery time

WASHINGTON (AP): President Barack Obama on Saturday dismissed the idea that the United States might need a second stimulus to jolt the economy out of recession and urged Americans to be patient with his economic recovery plan.