CapitaMall is coming close to a previous falling window now acting as resistance. with multiple indicators showing bearish divergence, caution on the long side is needed.
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BBC News – Business- HSBC machines hit by IT failureUK customers of HSBC report problems using cash machines, making card payments and online transactions, but the bank says the problem is fixed. […]
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- Euro banks 'in tatters' - ClarkeFormer chancellor Ken Clarke says Europe's banking system is "in tatters" and warns the UK is "heavily exposed" to potential problems. […]
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- HSBC machines hit by IT failure
- Reuters: Business News
- China's Wen urges more support for growthBEIJING (Reuters) - China's premier called for additional efforts to support growth on Sunday, signaling Beijing's willingness to take action after a recent series of economic indicators suggested that the world's second-biggest economy will slow further in the second quarter. […]
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- China state-run businesses to invest 350 billion yuan in ChongqingBEIJING (Reuters) - Thirty of China's biggest state-owned businesses have signed contracts worth about 350 billion yuan ($55.3 billion) with the southwestern municipality Chongqing, Chinese media reported on Sunday, in a sign of Beijing's determination to bolster confidence in the city formerly run by ousted leader Bo Xilai. […]
- Samsung's mobile chief says has options to settle war with AppleSEOUL (Reuters) - Samsung Electronics' mobile division chief JK Shin said on Sunday the South Korean technology giant was still seeking to resolve differences in its international patent war with Apple Inc.. […]
- Two smaller unions agree deals with Lockheed(Reuters) - Lockheed Martin Corp said on Saturday it had negotiated new contracts with two smaller unions at its Fort Worth, Texas plant, even as a strike by the larger machinists union stretched into a fifth week. […]
- Google says it has China's approval for Motorola deal(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. […]
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- Obama pledges tough enforcement of Wall Street reformsWASHINGTON (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. […]
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- Wall St Week Ahead: The market is oversold, but major signs say "sell"NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. […]
- China's Wen urges more support for growth