NEW YORK - A measure of future US economic growth declined modestly in the latest week, though the annualised growth rate improved, a research group said on Friday.
(SINGAPORE) Risk was back in favour yesterday after the US Federal Reserve said it might keep interest rates near zero until late-2014 - more than a year longer than it previously anticipated.
CONTRARY to all expert predictions at the start of the year, equity markets are performing well. Western markets like Wall Street and most of Europe have gained about 5 per cent in three weeks while Asian markets like Hong Kong are up 11 per cent. Meanwhile, the Straits Times Index's (STI) return has been 9 per cent, which means the index in under a month has recouped more than half of last year's 17 per cent loss.
IF ARTS enclaves could be equated with Singapore's shopping malls, Gillman Barracks might well be a Paragon. Planned by the Economic Development Board (EDB), Jurong Town Corporation (JTC) and the National Arts Council (NAC), this project is a high-value arts enclave in the making.
