Singapore Airlines defers $4b in spending through revised aircraft delivery agreements

SINGAPORE – Shuttered borders and a sluggish travel market have forced Singapore Airlines (SIA) to delay its aircraft delivery schedule and tweak its orders. The airline said on Tuesday (Feb 9) that it had reached agreements with plane-makers Boeing and Airbus to defer aircraft deliveries amounting to more than $4 billion of capital expenditure between the 2020/21 and 2022/23 financial […]

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S&P 500, Dow ease from record highs; stimulus in focus

(Reuters) – The Dow and the S&P 500 eased from record highs on Tuesday as investors digested recent gains while awaiting progress in passing a proposed $1.9 trillion stimulus plan.FILE PHOTO: Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, NY, U.S., April 30, 2018. REUTERS/Brendan Mcdermid/File PhotoThe tech-heavy Nasdaq, on the other hand, […]

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Editorial: Treading a fine line with the housing market

Deflating a housing bubble is a delicate task. Let too much air out and you risk crashing the market, something no government wants to do considering the size of the bubble that’s evident in New Zealand at the moment. Use the wrong instrument and you risk making it even harder for first-home buyers to purchase their own property. Some experts […]

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Condo resale prices rise for 6th straight month in January on strong sales

SINGAPORE – The market for resale condominiums and private apartments continued to strengthen in January, with sales volume rising and prices climbing for the sixth straight month. Observers said home buyers were attracted to these properties as they found them more affordable than new launches. Sentiments were also buoyed by prospects of economic recovery. Resale prices rose 1.2 per cent […]

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