SGX CEO Magnus Bocker: I will not resign
Magnus Bocker At a press conference yesterday (3 Dec), SGX clarified that a trading disruption was the result of "unforeseen circumstances" stemming from a software update done over the weekend. It added that the incident is not related to an earlier one in November when a power supply fluctuation caused trading in stocks and...
Pump rates not going down fast due to high HDB rent
The price of oil has been falling since the middle of this year because of an increase in global supply. This is partly due to a shale oil boom in America as well as lower demand in the European Union and Asia. Brent crude has, in fact, fallen by more than a third, hitting a 4-year low of US$76.76 a barrel on 14 November 2014. Shale...
SGX hit with disruption again – MAS ‘disappointed’
The Singapore Exchange (SGX) has delayed the start of stock market trading today (3 Dec) until 12.30pm. This is due to a software glitch which SGX said has since been rectified. SGX said that the trading delay today is to "enable member firms to complete client position reconciliations, and rectify any errors in the end-of-day...
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