The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Singapore home prices dipped for a third straight quarter in the April-to-June period, official data showed on Tuesday, as property cooling measures continued to bite.
Prices of private residential property dipped 1.1 percent on quarter, according to figures from the Urban Redevelopment Authority. That follows a 1.3 percent drop in the first quarter of the year.
In the core central region, prices fell 1.5 percent after falling 1.1 percent in the previous quarter, marking the fifth consecutive quarter-on-quarter decline.
Singapore property prices have surged over 60 percent since 2009, propelled by rock-bottom global interest rates and quantitative easing in developed economies, even as Singapore's government has enacted a series of cooling measures to prevent a bubble from forming.
Property prices and sales in the city-state have been closely watched for cues on whether the government can safely guide the market to a soft landing amid tightening global liquidity.
There are concerns Singapore's borrowers may become stretched if interest rates rise and there are concerns they could dump their properties into an already slowing market if their payments rise.
But by most counts, analysts do not expect a crash for the market but prices could fall as much as 20 percent in the short term.
"The market is up for a correction to adjust for lower demand and higher supply and the level of correction can be as high as 20 percent," according to a note from property consultant Voyage Research.
"Property prices can move as much as 25 percent south without causing a vicious cycle towards a crash.The trigger to any crash is a black swan event which means you will only know when it comes," the note added.