Saturday, 1 November 2008

A welcome diversity of opinion from analysts

It manifests itself prominently in the banking sector

After the deluge, hedge funds may soar

Competition for alpha returns will thin, opening up opportunities for managers

Half of Cambridge students steal work

Nearly 1 in 2 admits to plagiarism in survey; law is worst affected

Value Partners fund loses 37pc in assets

Value Partners Group, the Hong Kong-based asset manager in which Ping An Insurance (Group) holds a minority stake, said its oldest fund lost 37.33 per cent of its assets in five weeks.

Hedge fund managers working to limit redemptions as investors flee

Dozens of hedge funds have told investors they cannot get their money back right now as managers try to limit a wave of redemptions to safeguard all their clients’ investments - as well as their own futures.

South China Firms ‘in Dire Need of Help’

Manufacturers in southern China are in dire need of help, an economist and Hong Kong’s trade representative in Guangdong warned, days after another big factory closed, throwing more than 3,000 people of out work.

Experts Fear Increase in Suicides

Asia should brace for an increase in suicides with the global financial crisis, a conference was told yesterday.

Stockbrokers and estate agents join food queues

Former high-flyers such as brokers and estate agents are joining the growing ranks at Hong Kong’s food banks as the global financial crisis worsens.

Hongkongers Embrace Their National Identity

The city’s inhabitants are increasingly seeing themselves as “Hongkongers but also Chinese”, a study has found.

Citic Pacific Suspended After Shares Surge

Trading in shares of Citic Pacific has been suspended after they rose by more than a quarter amid speculation its parent company will inject additional capital to cover losses on currency contracts or take over the contracts itself.

Taiwan pastor gets 10 years in jail for multiple rapes

Crisis to hit China hard

A Global recession will have a huge impact on China’s economy while currency volatility is expected to add further pressure on the country’s banks, a top executive at Bank of China (BOC) said on Saturday.

Almost Half of Women Have Sexual Problems

In a double whammy for the female gender, new research shows that 40 percent of women report sexual problems, but only 12 percent are distressed about it.

Japan’s air force chief faces sack over Second World War comments

The chief of staff of Japan’s air force is to be sacked after he claimed the country had been drawn into the Second World War by the US and denied it had been an aggressor during its occupations of the Asian mainland.

Stock Manipulation Probe Launched After Prices Spike

U.S. regulators are investigating whether investors manipulated end-of-day stock prices to avoid being forced by their brokers to sell holdings.

Search for Lessons from Financial Crash

The mainland is rethinking its view of the American banking system

Rep. Frank: bailout funds must be used for lending

Companies receiving public money under a U.S. government financial rescue program must use it for lending or they will be violating the law, the powerful chairman of the U.S. House of Representatives Financial Services Committee said on Friday.

Student Loan Fugitives

When faced with unaffordable monthly payments and relentless creditors, some see leaving the country as their only way out.

Wall Street’s Red October

This month has been one of the worst-ever for stocks. Dow on a wild ride. S&P down 204 points - most ever.

A Painful Squeeze on Short Sellers

Volkswagen was briefly the most valuable company in the world this week because short sellers made the wrong bet. It’s another sign of a volatile market.

Greed is no longer good on Wall Street

Goldman Sachs and Morgan Stanley are unlikely to do away with the investment banking model. But they will probably become smaller, safer and less sexy.

Taiwan PC, Chip Firms Tool Up for Robotics

They target a 7% share of the global robotics market

Chinese Venture Capital Industry Gloomy

The global financial crisis is casting a pall over China’s venture capital (VC) industry, with surveys showing that funds are getting harder to raise and investments are becoming harder to exit.

E3 Holdings Fires Founder Over Poison Pen Letters

Catalist-listed E3 Holdings yesterday fired its founder Liau Beng Chye, saying there was evidence he was involved in poison pen letters sent to the company in September.

Bad Currency Bets Piling Up for Asian Firms

Derivative products leave them exposed to rapid surges in US$ and the yen

Rubber Cargoes Cancelled

Chinese buyers default on 80,000t Indonesian rubber

Hong Kong Watchdog May Sue

HONG Kong’s Consumer Council said on Friday it was considering suing banks which allegedly mis-sold mini-bonds backed by failed US investment bank Lehman Brothers as risk-free investments.

Snow has fallen in London for the first time in October since 1934

Commodity Carriers Will Collapse in 6 Months

They cannot pay for vessels on order due to record decline in hiring costs

Friday, 31 October 2008

Wind Power Battling Economic Headwinds

After finally hitting its stride, industry gets slammed by credit crunch

China-Russia to Scrap USD for Bilateral Trade?

Russian Prime Minister Vladimir Putin has urged that China and Russia use RMB and rubbles in their bilateral trade. But China is understandably hesitant, with worries about the rubble’s volatility and that the US might well think China is ganging up with Russia in an attack on the US dollar.

China’s Consumers on a Shopping Spree

Thailand: Media is Key Battleground in Conflict

The daily Kom Chad Luk, which is controlled by the Matichon group, was the only local newspaper - apart from the little-read pro-government Prachatouch - to report Crown Princess Sirindhorn’s remark in the United States three weeks ago to the effect that the PAD was fighting not to protect the monarchy as claimed, but for ‘themselves’.

Malaysian Princes Come to Blows

An alleged thrashing of a member of Malaysia’s royal household and his friends by the grandson of the Sultan of Johor and his bodyguards last week looks set to renew debate over the indiscretions of the royalty and whether they are immune from prosecution.

7.5 million Homeowners ‘Underwater’

Nearly a fifth of U.S. borrowers owe more on their mortgages than their homes are currently worth - and that number is growing.

RAND Lobbies Pentagon: Start War To Save U.S. Economy

According to reports out of top Chinese mainstream news outlets, the RAND Corporation recently presented a shocking proposal to the Pentagon in which it lobbied for a war to be started with a major foreign power in an attempt to stimulate the American economy and prevent a recession.

World's First Blue Roses After 20 Years of Research

The world’s first blue roses have been unveiled to the public for the first time at an international flower fair in Japan, following nearly two decades of scientific research.

Banks to Continue Paying Dividends

Bailout Money Is for Lending, Critics Say

Taiwanese Tycoons Show Support for Chen Visit

Leaders of 7 business organizations say SEF-ARATS agreements will be positive for nation

Top Cross-Strait Negotiator Shrugs Off Threats Over Visit

Chen Yunlin says Taiwan trip is necessary for better ties

Venezuela blasts into space age as Chinese rocket carries satellite

China launched a communications satellite for Venezuela on Wednesday, strengthening political ties with its oil-rich, socialist, Latin American ally.

Billions in Bank Rescue Funds are Fuelling Buyout Deals, and not the Increase in Loans That Would Help Ease the Financial Crisis

Americans slim down food spending as lean times force belt-tightening

Belt-tightening has become a harsh reality for America’s hard-up consumers in more ways than one. In a stark sign of the toll on US households from recessionary times, big-eating Americans’ notorious appetites are feeling the squeeze, with their spending on food falling at the fastest pace in 50 years.

China Shows Us How It’s Done

With central banks scrambling around the world to cut interest rates and kick-start their economies, China is starting to look like the poster child of how to get things done.

Las Vegas Sands shares soar 80% after Singapore talks

Las Vegas Sands Corp shares soared a record 80 per cent in New York trading on Wednesday after the Singapore Government said it was in talks with the casino company to help complete a US$4 billion (S$5.9 billion) casino project in the city state.

UOB Off 1%, May Extend Fall; 3Q Below Expectations

The Shipping News Suggests World Economy Is Toast: Mark Gilbert

Volvo’s order book got destroyed to the tune of 99.63 percent

Red Wine May Ward Off Lung Cancer

Drinking red wine, but not white wine, may reduce lung cancer risk, especially among current and ex-smokers, new research indicates.

High Court wants STB to hear Regent Court sale appeal

The Regent Court collective sale may yet happen: the High Court has thrown the case back to the Strata Titles Board (STB) to continue its hearing for the sale application.

Chinese Media Say Tainted Animal Feed Widespread

The industrial chemical melamine is commonly added to animal feed in China to fake higher protein levels, state media reported Thursday, offering what appeared to be a tacit admission by the government that the food supply could be rife with contamination.

Singapore on track to complete Changi race circuit

VIX Options Index Drops to Lowest in a Week After GDP Report

“Fifty-nine is a really low number given the depth of the market’s decline,” Price said. “It tells you we haven’t seen the final bottom or capitulation. When there’s a lack of fear, as there is now, that’s when you should worry.”

U.S. Economy: GDP Shrinks at Fastest Pace Since 2001

The U.S. economy suffered its biggest decline since 2001 in the third quarter, ushering in what may be the worst recession in a quarter-century and boosting the chances of Barack Obama and fellow Democrats in next week’s elections.

Taiwan Former Vice-PM Detained

A former Taiwanese vice-premier and senior member of the opposition Democratic Progressive Party (DPP) has been arrested on graft charges, in the latest scandal to hit the party, officials said on Friday.

Japan Soy Sauce Contaminated

China, accused in Japan of producing tainted frozen beans and dodgy dumplings, now says it has found toxic chemicals used in paint in Japanese soy sauce.

Japan produced poisonous chemical weapons in Manchuria, they are most capable of producing poisonous food as well.

Abdul Razak Baginda Not Guilty?

A Malaysian court on Friday acquitted a prominent political analyst accused of abetting the gruesome killing of a Mongolian woman in a case that has drawn intense public speculation about alleged links to top government figures.

Graft Probe Targets Supreme Court Justice

In a probe that started with a Guangdong judge, party inspectors have detained the ex-vice president of China’s highest court.

Thursday, 30 October 2008

Shenzhen Bank Traces Losses to Gambler

A bank executive with cash access allegedly skimmed off 30 million yuan over four years to feed a gambling habit.

City Image Building Lines Official Pockets

By relocating Loudi’s city government offices to a grand, new building, local officials apparently won easy access to bribes.

Get Ready For ‘Stag-Deflation’

Back in January, I argued that four major forces would lead to a risk of deflation – or “stag-deflation,” where a recession would be associated with deflationary forces – rather than the inflation that mainstream analysts have worried about.

HSI: Major support at 10,253-10,449

S&P500: Set for new lows

Top Richest Chinese

My name is not there, yet.

Lenders limit use of credit cards

First came the mortgage crisis. Now comes the credit card crunch.

Wealthy Americans cheat most on taxes, study finds

A new study based on unpublished Internal Revenue Service data shows the rich are different when it comes to paying taxes: They hide more of their income.

Is it buying time for stocks?

Some of the most famous American investors, including Warren Buffett and John Bogle, have started to make the case that it’s time to dive back into the stock market.

Property Auctions See Few Takers

Buyers waiting for prices to fall further, despite recent drop, say auctioneers

Crash revives talk of a Taiwanese Bermuda Triangle

The October 20 crash revived decades-old speculation: Are Taiwan’s Penghu islands the Bermuda Triangle of Asia?

Daylight-Robbery Relic Auction

If someone took away what belonged to you, the last thing you would want to do is buy it back.

The bronzes of Rat (L) and Hare, shown in this combined photo, are planned for auction in Paris next February. Chinese officials reiterated her stance that it’s definitely unacceptable to put war-time plunder under the hammer. The two bronzes were stolen from China in the Late Qing Dynasty during the opium wars (1839-1842).

An undated photo shows Hong Kong entrepreneur He Hongshen standing by the Horse bronze, which he bought at a price of HK$69.1 million and donated to the motherland. The Horse bronze was stolen from China in the Late Qing Dynasty during the opium wars (1839-1842).

This undated photo of gold dagger handle, dated back to the Eastern Zhou period (771-221 BC), is among the 23,000 pieces of Chinese culture relics kept in the British Museum. In the Eastern Zhou period, gold began to be increasingly used on a larger scale, though gold working still relied to a great extent on well-established bronze technology, with ornaments and other items cast using moulds.

The Admonitions of the Instructress to the Court Ladies, a hand scroll painting, attributed to Gu Kaizhi and dated back to Tang dynasty, 6th-8th century AD, is among the 23,000 pieces of Chinese culture relics kept in the British Museum. It illustrates a political parody written by Zhang Hua (about AD 232-300). The parody takes a moralizing tone, attacking the excessive behaviour of an empress. The protagonist is the court instructress who guides the ladies of the imperial harem on correct behaviour.

Marina IR not likely to open fully in end 2009

The integrated resort (IR) at Marina Bay is unlikely to be fully open for business at the end of next year, sources have said.

Chinese authorities tried to cover up toxic eggs: state media

A government in northeast China kept quiet the discovery of melamine-tainted eggs for weeks and ordered a media ban before Hong Kong authorities finally revealed the problem, state press said Thursday.

Taiwan politician indicted for attacking Beijing envoy

A Taiwanese pro-independence politician was indicted on Thursday for attacking a Beijing envoy during his visit to the island, a prosecutor said.

169 suits against FerroChina

Analysts warn of fire sale as firm tries to restructure debts

Hong Kong Central office rents to fall by half, says Merrillc

Cost of grade-A space forecast to drop 50pc from peak by 2010

HK firms ‘Asia’s best’ in corporate communication

Hong Kong companies are ranked top in Asia in terms of corporate communication, according to a regional report.

A-share earnings growth forecast to average 25pc on economic advance

Earnings of A-share companies are expected to grow at a compound annual rate of about 25 per cent over the next 10 years, thanks to the mainland’s sustained economic growth and strong performance by individual companies, an economist with Citic Ka Wah Bank said.

Cash crunch may delay Sands projects in Macau

Las Vegas Sands Corp, the casino developer planning to spend US$12 billion on Macau resorts, may be forced to halt construction on a US$3.3 billion Cotai casino complex to fend off a cash crunch and avoid breaching terms of its US$8.92 billion in existing debt.

China gears up for potential net capital outflows

It will tighten checks on cross-border capital flows and cash transfers

What next for Creative?

Creative Technology has fought waning sales, slipping bottom lines and cut-throat competition for the past three years - but those could be mere skirmishes ahead of the real war. If recent developments are anything to go by, the company could be facing the toughest battle of its 27-year existence.

Shui On to delay plan to build resorts in China

The global credit squeeze has prompted Shui On Land to delay plans to build resorts in four cities in China’s Yunnan province.

Shareholder revolt looms for E3 Holdings

Moves by some to oust CEO, chairman at upcoming annual general meeting

Credit crunch takes toll on smaller firms

Credit woes and corporate governance issues appear to be on the rise among small and mid-cap companies, as the financial upheaval continues unabated.

How to avoid the perils of mis-selling

Over recent days, the media has been highlighting the tragic losses suffered by investors in buying structured notes, such as DBS High Notes, Lehman Mini Bonds and Pinacle Notes.

Short-sighted policymakers have failed Asia again

So much for the idea of ‘market-led’ economic integration that Asia, or some of its more short-sighted policymakers at least, have allowed themselves to believe is good for this region. The notion that markets could substitute for formal cooperation has always been suspect and now it has been revealed as a sham as the crisis claims new victims and as Asian currencies swing sharply against each other with no mechanisms in place for a joint policy response.

Hedge Funds to Shrink

The global financial crisis will reduce the hedge-fund industry to as little as a third of its current size, billionaire investor George Soros said on Tuesday.

Sony’s profit plunges 90%

Japan’s Sony said on Wednesday its operating profit plunged 90 per cent in the second quarter of the financial year, hit by a surging yen, a weak global economy and intense price competition.

China Cuts Interest Rates

China’s central bank on Wednesday cut key interest rates in a bid to spur economic growth, the third such move in six weeks.

Bankruptcies and Closures: “Toy Stories” in the Pearl River Delta

The world financial convulsion is seeping into the Pearl River Delta, base camp of MADE IN CHINA, via Hong Kong. Toy export processing businesses, many owned by HK businesspeople, are closing their doors or going bankrupt because of order reductions from the United States and Europe, or huge losses from inept speculation in financial derivatives.

PetroChina Lags Farther Behind ExxonMobil, For Now

PBoC Scrapping Central Bank Notes: Back to the Bond Market

Although the market expects China’s monetary authority to further cut interest rates, the People’s Bank of China(PBoC), China’s central bank, has other moves to make. When tightening monetary policy, it would usually issue central bank notes before any interest cuts. With the situation reversed and increasing liquidity now its primary task, PBoC is going to scrap central bank note issuance to promote interest cut.

Foreclosure Crisis Vexes US Government

Over 4m homeowners with a mortgage are at least one month behind on their payments as at end-June

The Packer Share Meltdown

If you are feeling buffeted by the global financial deep freeze, which is going to get worse before it thaws, consider the fortunes of once “Australia’s richest man”.

Singapore Rig Builders Yet To Bottom Despite Buy Calls

Singapore rig building giants Keppel Corp. and Sembcorp Marine Ltd. may have plummeted since the beginning of the year, with analysts now saying they look good value, but factors ranging from the falling oil price to tight credit mean shares may not have reached their floor yet.

Wall St rally won’t hold

Wall Street’s best day in two weeks - and one of its best ever - brought little real reason to celebrate.

VW and Hedge Funds

The damage from the head-on collision between many scores of hedge funds (and maybe some banks) is yet to become fully apparent. Some early estimates suggested that the losses from the “short squeeze” could be as much as €30 billion ($37.4 billion),

It’s the long funds who are selling the Singapore market....not the hedge funds!

White House to banks: Start lending now

An impatient White House prodded banks and other financial companies on Tuesday to quit hoarding billions of government dollars flowing into their vaults and start making more loans. Wall Street soared almost 900 points on bargain hunting and hopes of a hefty rate cut on Wednesday by the Federal Reserve.

Internet Sex Causes Depression

No longer affects eyesight

BMW Supercar Coming in 2012?

Japan can really make ugly car

The new Mitsuoka Galue S50 Limousine.

New Nissan 370Z

The name change hints at the reported 330-horsepower 3.7 liter V6 under the hood. The 370Z is also reportedly shorter, wider and lighter than the outgoing car, so the power increase will be put to good use thanks to the agile, all-new platform underneath.

The 2009 370Z is scheduled to meet the public at the Los Angeles Auto Show on November 19, with an on-sale date in early 2009.

Wednesday, 29 October 2008

Singapore Office Market May Face Foreign Funds Sell-out

Foreign funds have given a big boost to the office market in Singapore, snapping most of the properties on sale last year. Now they could be the ones pushing the sector down.

Hong Kong businessman kills himself after stock market losses

A Hong Kong restaurateur jumped to his death after telling his business partner that he had suffered huge losses on the city’s plummeting stock market, a report said Wednesday.

Welcome to Taiwan’s Party

Popular spoof serves up political satire in big doses

Faeces Found in Pub Ice-Cream

A bitter row has broken out between one of Sydney’s largest tourist pubs and a family of five who accused chefs of serving human excrement in their gelato after they complained about noise during a football match.

DBS High Notes 5 worthless

Investors in DBS High Notes 5 finally got the news they have been dreading for weeks: Their investments are officially worthless.

Fall in Online Shopping

An industry report released on Tuesday shows that US visits to online shops have been sinking along with consumer confidence as retailers brace for a stingy Christmas gift-giving season.

More Cuts if Oil Prices Fall

OPEC chief warns of new output cuts if prices keep tumbling.

Era of ‘New Seriousness’

Financial turmoil has prompted consumers to reject conspicuous consumption.

Taking Bribes to Take the Rap

Known to some as “tua pek kong”, he may not possess the powers of the namesake deity. Yet this person is sought after by some lawbreakers: He assumes criminal liability on another person’s behalf in return for a bribe.

FerroChina says creditors file 169 lawsuits, nearly 4.5 bln yuan claims

Malaysian accused of centipede threat to neighbour

A Malaysian man is accused of trying to hurt his neighbour with a dangerous weapon – centipedes.

Credit ‘Tsunami’ Swamps Global Trade as Banks Curtail Financing

Suppliers of oil, coal, grains and consumer products from Chicago to Mumbai are losing sales as the credit crisis spreads beyond financial institutions, and banks refuse financing or increase the fees for buyers. Coupled with declining demand, the credit squeeze is threatening international trade, one of the lone bright spots in the global economy.

The Irrational Exuberance of Analysts

There appears to be a lack of corporate governance awareness among many of them

Tuesday, 28 October 2008

Bull Trap Bear Trap Explained

Bull Trap:

A false signal indicating that a declining trend in a stock or index has reversed and is heading upwards when, in fact, the security will continue to decline.

A bull trap often causes some investors to buy the stock, but because the stock continues to decline after the initial signal, those who bought in are "trapped" in a bad investment.

Bear Trap:

A false signal that the rising trend of a stock or index has reversed when it has not.

This can occur during a bear market reversal when short sellers believe the markets will sink back to its declining ways. If the market continues to rise, the short sellers get trapped and are forced to cover their positions at higher prices.

STB in talks with Marina Bay Sands to facilitate success of IR project

Outplacement firms report rising number of retrenchments

Amid the current economic downturn, one service sector is reporting good business. Companies offering outplacement services said they are seeing a phenomenal growth in cases, as businesses begin downsizing.

Factory of the world hit by sharp fall in orders

China’s SMEs closing by the thousands; situation worse in recent weeks

Singaporeans Wanted by Interpol

6 locals on Interpol wanted list terror suspect Mas Selamat Kastari made it to Interpol’s wanted list after he escaped from detention here earlier this year.

Volkswagen shares jump and short-sellers pounce

Volkswagen became the world’s biggest company by market value after Porsche announced plans to raise its stake in the German carmaker to 75 percent, triggering demand from short-sellers.

Hong Kong stocks cheap but could get cheaper still

It seems like the distant past, but in reality it was only just over two weeks ago when the Group of Seven club of rich countries announced its five-point plan for ending the financial crisis.

Taobao, Baidu Intensify Online Retail Rivalry

The mainland’s online retail market is heating up with the two internet powerhouses bolstering their positions amid intensifying rivalry.

Shanghai to put prime waterfront commercial site up for auction

Bucking the trend towards holding back land auctions because of the financial turmoil, Shanghai would put a prime site up for sale in December and expects it to fetch the highest price in the city’s history, a municipal official said.

Sell, sell, sell as the pain increases

Hang Seng Index drops 12.7pc and regional rout continues amid a ‘dash for cash’

Food shortage may worsen as credit squeeze threatens to cut farm output

The credit crunch is compounding a profit squeeze for farmers that may curb global harvests and worsen a food crisis for developing countries.

Hong Kong: Short selling, investor panic blamed as the Hang Seng defies analysis

Brokers blamed yesterday’s stock bloodbath on rampant short selling and the collapse of investor confidence triggered by a wave of fund redemptions, a steep fall in currency markets and growing fears of a global recession.

Hong Kong Panic Sell-Off Hits Property Counters

Mainland sector outpaces drop in broader market

Hong Kong Tycoon Urges Calm Over Crisis

Billionaire property tycoon Cheng Yu-tung urged Hongkongers yesterday not to worry too much about the financial crisis, saying the tumbling stock market would eventually bottom out.

Gone Bananas in Japan

Diet fad sparks banana shortage

Japan Restricts Short-Selling

Japan will impose a ban on Tuesday on naked short selling of stocks to try to stabilise Asia’s largest bourse amid the worst financial crisis in decades, the finance minister said.

Asian Investors Capitulating After Fall

0503 GMT [Dow Jones] Asian investors capitulating - selling out of losing investments recently, says senior trader at major broker in Australia. “It’s not our typical client base that’s the main axe slicing the markets these days. All we can assume is that retail investors, pension funds, insurers, sovereigns and corporates are having more impact in this leg down than the hedge fund community. So this time it’s like a global margin call for non-leveraged investors, which are the retail/pension/insurers. They’ve just seen it capitulate so now they’re starting to sell out themselves. Anyone that’s been trying to “catch the falling knife” or hold on to see the bounce is finally capitulating.” Expects more such selling in all asset classes. (DWR)

Ferrari Threatens Pullout

Ferrari will review its participation in Formula One if plans to introduce a standard engine for all teams from 2010 goes ahead, its board said in a statement on Monday.

IT Mostly for Personal Tasks

It probably wouldn't shock most bosses, but three out of four of their employees are using their work computers for email, shopping, surfing and other personal business, according to a survey released on Monday.

Construction Sector Woes

Demand likely to drop from next year as more developers defer projects

Corporate America is Slashing Jobs

Finance sector may lose 300,000 jobs; steel mills to shut 17 of 29 blast furnaces

Dubai Property Market on Edge Amid Global Slowdown

Dubai’s long, lucrative property boom is hitting rough times, with property-flipping speculators and hopeful foreign buyers increasingly worried as easy oil money and quick profits dry up.

Governments May Have Caused Stocks Selloff: Dr. Doom

The wave of stock selloffs sweeping world markets may be partially caused by the fact that many governments increased guarantees for bank deposits, making them a much safer investment, Marc Faber, author of the “Gloom, Doom and Boom Report,” told CNBC Monday.

Luxury Hotels Grapple with Falling Demand

Times have changed.

More Cause to Review Policy for China Listings

When the storm comes, those without a firm foundation crumble. Perhaps that speaks of the plight of some Singapore-listed Chinese firms, or S-share companies, now.

Americans losing sleep

Financial turmoil is keeping them awake at night.

Greenspan's Fall: Mistakes Were Made, But Not Just by 'the Maestro'


Inflation vs. Deflation: Let's Call the Whole Thing Off


'We Need a Financial System Rethink': Global Finance Cop a Good Idea


Time to Abandon Buy and Hold? No -- Time To Buy


Flight from Risk: Policymakers Losing Power to Influence Markets

Why Gold Lost Its 'Safe Haven' Status and How It Can Get Its Mojo Back

Governments May Have Caused Stocks Selloff: Dr. Doom

The wave of stock selloffs sweeping world markets may be partially caused by the fact that many governments increased guarantees for bank deposits, making them a much safer investment, Marc Faber, author of the “Gloom, Doom and Boom Report,” told CNBC Monday.

WSJ to Warren Buffett: “Time to Get a New Crystal Ball”

Warren Buffett has gotten greedy too quickly while everyone else takes too long to become fearful, suggests the Wall Street Journal in today’s “Heard on the Street” column.

Asian airlines face more turbulence next year

Asia’s aviation sector was hurting from a sharp descent in passenger numbers but the full impact of a deepening global financial crisis was not likely to be felt until next year, analysts said.

CLSA asks staff to volunteer pay cuts

Brokerage CLSA asked one-third of its workforce to consider taking a voluntary pay cut of up to 25 per cent, spokeswoman Simone Wheeler said on Monday, in a move meant to avoid cutting jobs.

Hope for mainland economy amid crisis

As the global credit crisis lurches towards a global recession, employers and employees are asking what the impact will be for their companies and industries. With Asia facing its stiffest economic test since the financial crisis of the late 1990s, it is right to assume that all employers will be affected by this financial meltdown.

Exporters feel pinch of global slowdown

Yet, even viewed from the brightest of her spacecraft or kitten-shaped designs, her numbers make for grim reading with mainland exports facing a gloomy future.

HK shares in biggest drop since '97 as HSBC slides 14pc

Hong Kong shares recorded their biggest one-day fall in more than a decade on Monday with the Hang Seng index shedding 12.7 per cent of its value. The nosedive, led by blue-chip heavyweight HSBC, came as fears of a global recession hammered other Asian stock markets.

China Neither Knight Nor Ogre in This Crisis

As the financial crisis has deepened, the world's attention has increasingly focused on the mainland and its fast-growing US$1.9 trillion pot of foreign exchange reserves.

Opec unlikely to win Russia help in cutting output

The Organisation of Petroleum Exporting Countries was unlikely to receive help from Russia, the world’s biggest oil exporter, despite the cartel’s plea for non-Opec producers to share the burden of cutting output.

Iron Ore Game Changes as India Drops Spot, Goes Long-Term

At the moment, when the iron ore business is widely seen as a buyer’s market, Chinese steel companies are not directly contradicting the giant Brazilian and Australian suppliers in contract negotiations for long-term iron ore supply in 2009. Their strategy is to gain ground by disrupting the big three’s control over Indian spot iron ore prices and sea freight charges.

Strong Yen is Everybody’s Problem

The soaring Japanese currency is causing even more concerns about a severe global economic slowdown. Can anything be done to put a crimp in it?

What Makes Chinese Wine Red?

The following has been posted in online forums in China, and claims to expose the dirty secrets of the nascent Chinese wine industry, excerpts translated by CDT.

Monday, 27 October 2008

Don’t just work: Network

And where better to start than with the basics: building up a network of interesting acquaintances and useful contacts.

Sunday, 26 October 2008

One Reason Stocks Are Crashing

Crazy days we’re living in. As I write this, things are terrible. Not just terrible … so terrible that stock exchanges faced the possibility of calling in the financial riot police -- circuit-breaker rules -- to shut down markets if things get too rowdy.

Faltering Exports Expose B2B’s Soft Side

A warning about export weakness hurting B2B leader Alibaba was prescient. Now, can China’s e-commerce sector turn domestic?

Japanese sausage recall after cyanide scare

A major Japanese meat processor said Sunday it was recalling millions of packages of sausages and pizzas after finding cyanide in water at one of its plants.