Saturday, 27 February 2010

China to hold yuan stable to help exports

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Official says US must not blame Beijing’s currency policy for its economic ills
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China may be hiding US Treasury bond purchases

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China, a top owner of US government debt, appears to be secretly buying bonds via third locations to hide its importance as a major creditor...
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Thursday, 25 February 2010

Clarification to misleading remarks Pastor Rony Tan made on Buddhism

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I like to thank Rony Tan for his public apology to the Buddhist community for the insensitive things he said. However, as a Buddhist I am st...
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Thou shalt nots - for China’s public officials

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The Chinese Communist Party’s new anti-corruption code bans 52 practices, which include these five: # Throw a grand wedding, funeral or simi...
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No sympathy from Toyota’s Japanese suppliers

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As Toyota’s president Akio Toyoda faces American lawmakers, his company will be facing something else here in Japan’s auto manufacturing hea...
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Ex-cop sentenced to 9 months’ jail, S$3,000 fine

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David Lim Kay Heng, a 37-year-old former police staff sergeant, has been sentenced to nine months’ jail for accepting a bribe from a man bel...
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Horizon Towers lawsuits headed for trial

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The latest legal tussle involving Horizon Towers looks set to go into full swing, with the High Court having dismissed the action by the two...
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How China grows economically

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Its alternative financing and governance mechanisms overcome weak legal and financial systems
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China’s global profile increases with key IMF post

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China has won its highest-ever staff position in the IMF in a reflection of its growing economic might and the clamour by emerging nations f...
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China Says Stable Yuan Helps Struggling Exporters

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China reaffirmed its determination on Thursday to hold down the yuan’s exchange rate to help its beleaguered exporters.
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Beyond the red mist surrounding Thaksin

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While all eyes in Thailand are focused on what has been touted as a doomsday Constitution Court verdict on former Prime Minister Thaksin Shi...
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Banks Bet Greece Defaults on Debt They Helped Hide

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Bets by some of the same banks that helped Greece shroud its mounting debts may actually now be pushing the nation closer to the brink of fi...
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Harvard expert predicts collapse of China’s ‘debt-fuelled bubble’

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China’s economic growth will plunge to as low as 2 per cent following the collapse of a “debt-fuelled bubble” within 10 years, sparking a re...
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GM to end Hummer as deal with Chinese firm fails

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General Motors said Wednesday it would end its celebrated and scorned Hummer brand of sport utility vehicles after a deal to sell the namepl...
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Double Dip Recession Risk Is Near: CIO

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The global economy looks set to plunge back into recession as the sovereign debt pressure currently rocking Europe intensifies, Ashok Shah, ...
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Anta Sports enjoys 40pc leap in profits

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Anta Sports Products, whose goal is to become the mainland’s leading domestic sportswear retailer by 2013, said yesterday that net profit ro...
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G.M. to Close Hummer After Sale Fails

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General Motors said on Wednesday that it would shut down Hummer, the brand of big sport utility vehicles that became synonymous with the ter...
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Bullish a Year Ago, Robert Prechter Now Sees "the Biggest Bubble in History"

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Bear Market Armageddon: Why Prechter Might Be Right This Time

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In late February last year, Robert Prechter of Elliott Wave International said "cover your shorts" and predicted a sharp rally tha...

Keynesian economics: dying where it was born

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The UK has produced notable economists over the years, but John Maynard Keynes, the guru of government intervention, was one of truly global...
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