So far there is no Raya and NDP rally. There are several dark clouds looming in the horizon. Breakouts in US and Hang Seng, including Straits Times has failed or in the verge of failing. A lot of warning signals are being seen throughout the chart potentially telling the investors to be extremely cautious. And this is where a lot of traders will be salivating. Just like a lioness waiting by the bush looking for its prey (lion don’t hunt). How will that affect banks such as DBS, OCBC and UOB which has been pulling Straits Times higher?
Find out what it is in this week video edition.
BBC News – Business- 'Welcome to my plastic bottle castle'Meet "Plastic King" Robert Bezeau and his four-storey castle made out of recycled bottles in Panama.
- Makeup makeoverAustralian entrepreneurship Jo Horgan turned a love of makeup into 87-strong chain of cosmetics stores.
- Interest rates to rise twice this year, says EY Item ClubThe EY Item Club predicts two rises this year and two next year, despite sluggish economic growth.
- TSB customers report online problemsOne man was credited with £13,000 he didn't have, and could see details of someone else's account.
- Social media facing new UK lawsThe health secretary wants action from the sites on underage use, bullying and screen-time limits.
- Korean Air 'nut rage' sisters step downThe airline boss's daughters have lost their tempers in separate incidents that hit the headlines.
- No-deal Brexit 'disastrous' for food firmsFree trade with the EU post-Brexit is "crucial" for UK food and drink firms, says a committee of MPs.
- Brazilian sagaBrazil's Odebrecht scandal is one of the biggest corporate corruption cases in history.
- The master blender who is Scotch whisky's First LadyRachel Barrie is a rarity in the world of Scotch whisky - a female master blender.
- How whisky tasting 'plays a tune'A whisky master blender explains how she detects an orchestra of flavours and aromas in Scotland's national drink.
- 'Welcome to my plastic bottle castle'
- Reuters: Business News
- Michael Bloomberg to write $4.5 million check for Paris climate pactWASHINGTON (Reuters) - Former New York mayor and billionaire Michael Bloomberg said on Sunday he will write a $4.5 million check for this year's U.S. financial commitment to the Paris Climate Agreement.
- China's ZTE seeks resolution of U.S. export banBEIJING (Reuters) - China's ZTE is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens its survival.
- Treasury chief may visit China as trade tensions simmerWASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world's two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices.
- Japan may soften trade stance as U.S. keeps up pressureWASHINGTON (Reuters) - Despite calls to resist protectionism and for the United States to rejoin a multilateral trans-Pacific trade pact, Japan is gradually shifting gear to adjust to a trade environment shaken up by U.S. President Donald Trump.
- U.S. regulator permits China's ZTE to submit more evidenceNEW YORK (Reuters) - The U.S. Commerce Department has granted ZTE Corp's request to submit more evidence after the agency banned American companies from selling to the Chinese technology firm, a senior Commerce official said on Saturday.
- Telecom standards group puts new technology on hold in wake of U.S. probeWASHINGTON (Reuters) - A telecommunications standards organization - GSMA - said on Saturday it is delaying implementation of a new cellphone technology due to a U.S. government probe of alleged coordination between the group, AT&T Inc and Verizon Communications Inc to hinder consumers from easily switching wireless carriers.
- U.S. sanctions on Vekselberg have $1.5-$2 billion assets frozen: sourcesZURICH/MOSCOW - Assets totaling between $1.5 billion and $2 billion have been frozen as a result of sanctions imposed on Russian oligarch Viktor Vekselberg and his Renova Group conglomerate, two sources close to the matter told Reuters on Saturday.
- Trump's next $100 billion tariff dilemma: hit Wal-Mart or Apple Store?WASHINGTON (Reuters) - U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days.
- Apple offers battery replacement for some MacBooks after flaws reported(Reuters) - Apple Inc on Friday said component failure in a limited number of MacBook Pros has caused built-in battery to expand, adding, it will offer worldwide free replacement for such batteries.
- Trade tensions set for brighter U.S. corporate spotlightNEW YORK (Reuters) - The potential for an intensifying trade dispute to undercut the U.S. stock market could become clearer next week when a host of multinational companies reports quarterly results that may provide a glimpse into the impact of those global tensions.
- Michael Bloomberg to write $4.5 million check for Paris climate pact