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September, 27, 2016

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Business
Mortgage executive reflects on market challenges
From the outside, the housing market looks solid: Sales are climbing. So are prices. Mortgage rates are near historic lows.
 
Singapore palm oil scion buys 49% stake in Rolling Stone
A Singapore firm headed by a scion of one of Asia's richest families has bought a 49-percent stake in Rolling Stone, with plans to diversify the iconic magazine into new business including live events and merchandising.
 
A survey of company CEOs in Britain suggests that a majority is considering moving some business away from the UK amid concerns about the country's future outside the European Union.
 
A new survey shows that optimism in the financial services sector has fallen for a third consecutive quarter -- the longest drop since the global financial crisis in 2009.
 
Heading for 'a golden autumn'
An aircraft flies over Frankfurt, leaving contrails above the cloud early Monday, Sept. 26.
 
Tens of thousands of unionised workers at South Korea's Hyundai Motor staged their first full strike on Monday for more than a decade after negotiations over a wage increase stalled.
 > Korea
 
Stock markets slumped Monday, extending a pre-weekend drop that followed a Fed-inspired rally, while a crash in the share price of Deutsche Bank offset a surge in German business confidence.
 
The U.S. dollar slipped Monday as traders shift focus from central bank policy to the U.S. presidential election, while the Philippine peso tumbled to a seven-year low on worries over President Rodrigo Duterte's policies.
 
Oil prices rose modestly in Asia on Monday ahead of a producers' meeting this week that might agree to cap supplies.
 
German specialty chemicals maker Lanxess has said Monday it plans to buy U.S. rival Chemtura for 2.4 billion euros (US$2.7 billion) in its push to become a global leader in the growing additives business.
 
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