BEIJING: Historical cycles that took a century to unfold in the West can be compressed into less than a decade in today’s China. And that’s as true of Beijing’s preservation movement as it is of the nation’s ferocious building boom.
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Wednesday, 23 July 2008
Lost in the new Beijing: The old neighbourhood
BEIJING: Historical cycles that took a century to unfold in the West can be compressed into less than a decade in today’s China. And that’s as true of Beijing’s preservation movement as it is of the nation’s ferocious building boom.
More here
Why have oil prices been falling?
Oil prices have risen to record levels in recent weeks, with traders in London and New York paying more than $147 a barrel for crude oil at its peak on 11 July.
But since then, prices have fallen on both sides of the Atlantic, dipping almost 13% to a low of $128.23 for a barrel for US light sweet crude on 18 July, and down 10% to $129.66 for Brent crude.
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But since then, prices have fallen on both sides of the Atlantic, dipping almost 13% to a low of $128.23 for a barrel for US light sweet crude on 18 July, and down 10% to $129.66 for Brent crude.
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Monday, 21 July 2008
World’s Most Economically Powerful Cities
What’s the world’s most economically powerful city?
If you picked New York or Tokyo, you’d be wrong.
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If you picked New York or Tokyo, you’d be wrong.
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Sunday, 20 July 2008
How emotional pain can really hurt
Love really does hurt, just as poets and song lyric writers claim.
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Raising the bar
A rare slip-up in court by Singapore’s elder statesman, Lee Kuan Yew
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What happens if oil prices rebound sharply?
The direction of change of international oil prices during the remainder of the year will, in our view, heavily influence the near-term fate of the global economy and international financial markets. Falls in global oil prices, of the kind we have seen over the past few days, clearly brighten the prospects for the global economy. Conversely, a possible return to rapid increases in oil prices could have a disastrously negative influence on global growth.
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Saturday, 19 July 2008
House prices ‘will keep falling’
House prices in the UK and the US are likely to fall for another two years, the chairman of one of the world’s most powerful banks has warned.
Sir Win Bischoff of Citigroup told BBC Business Editor Robert Peston he expects it will take two years for the markets to “stabilise”.
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Sir Win Bischoff of Citigroup told BBC Business Editor Robert Peston he expects it will take two years for the markets to “stabilise”.
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Friday, 18 July 2008
Expect More Crisis
IndyMac has failed. Fannie Mae and Freddie Mac have been hobbled but kept alive by a government and Federal Reserve rescue.
All of this happened just weeks after President Bush and Treasury Secretary Hank Paulson claimed that the worst of the credit crisis had passed. Don't believe anyone who tells you that the worst is over until the banks, insurance companies, investment funds and mortgage companies that hold securitized debts fess up to what those securities are actually worth. The problem isn't that the securities are illiquid, it's that the prices should be lower than the financial institutions are willing to admit.
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All of this happened just weeks after President Bush and Treasury Secretary Hank Paulson claimed that the worst of the credit crisis had passed. Don't believe anyone who tells you that the worst is over until the banks, insurance companies, investment funds and mortgage companies that hold securitized debts fess up to what those securities are actually worth. The problem isn't that the securities are illiquid, it's that the prices should be lower than the financial institutions are willing to admit.
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Thursday, 17 July 2008
2 + 20, and Other Hedge Fund Math
MANY people would jump at the chance to invest in hedge funds, which have mainly been available to only the very wealthy. But a new study finds that the funds’ high fees make it unlikely that investors will improve their long-term performance by putting money into hedge funds.
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Wednesday, 16 July 2008
Singapore Property
A Hong Kong based Asia property analyst for a small successful private investment bank was asked if he should buy property in Singapore
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Tuesday, 15 July 2008
Qipao - a statement of Oriental beauty
SLINKY, elegant, chic (and often practical), the classic qipao was a symbol of trendy Shanghai. The old-fashioned formless dress was nipped, tucked and slit for liberated women, writes Fei Lai.
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Singapore's judiciary system is still third world standard
'If the prosecution allowed their own witnesses to see their statements, I can't see why they should deny it to the defendant.' - LAWYER EDMOND PEREIRA
Read "Judge slams CNB for complete neglect of duties" here.
Read "Judge slams CNB for complete neglect of duties" here.
Fannie, Freddie crisis not the last: Soros
Billionaire investor George Soros said that the crisis over Fannie Mae and Freddie Mac will not be the last, and noted that the broader credit meltdown will impact an already slowing United States economy.
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Monday, 14 July 2008
The mortgage lender illusion
It’s dispiriting indeed to watch the U.S. financial system, supposedly the envy of the world, being taken to its knees. But that’s the show we’re watching, brought to you by somnambulant regulators, greedy bank executives and incompetent corporate directors.
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Battle for China
British experts and scholars held a heated public debate in London Saturday on some key issues of China’s recent development and called for a balanced portrayal of China.
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