Thursday, 22 January 2009
Feng Shui Masters See Calmer Markets in Year of the Ox
Stock investors reeling from last year’s market mayhem may take some solace from practitioners of the ancient Chinese art of feng shui, who predict a calmer, if subdued, performance in the coming Chinese Year of the Ox.
CBRC: No ‘Great Leap’ for 2009 Lending
Bank regulators, seeking to balance development and risk control in tough times, have set new goals for commercial lenders.
Australian Winemakers Facing Export Slump
Global demand hurt by financial crisis; shipments down 18% by value in 2008
Guangzhao
(XFN-ASIA) - Singapore-listed Guangzhao Industrial Forest Biotechnology Group Ltd said it will report a loss for the fourth quarter and full-year 2008 because of a decline in timber prices as the result of the weak economy in China.
Teens Tell of Kidnap, Torture in Myanmar
Teenagers Zhang Bo and Li Bin have told of the horror of being kidnapped and taken to Myanmar, where they were tortured until, as one said, “I felt like dying”.
Chen’s Son Pleads Guilty
The son and daughter-in-law of ex-president Chen Shui-bian yesterday pleaded guilty to money-laundering in the latest twist in one of Taiwan’s biggest corruption scandals.
China Sells US Long Term T-bills in Fear of Capital Outflow and Deficits
China is increasing holding of short-term US treasury bills and reducing long-term bills out of the concern over capital outflow and more bond issuance brought by increasing deficit due to Obama’s economic rescue plan.
Can Guangdong Save Its Role Model Status?
Switching to a services economy from a labour-intensive industrial base won’t be easy, but Guangdong Province has little choice.
Architectural Scavenger Finds Treasures from Disappearing Old Beijing
Li Songtang at his museum in Beijing, where he displays relics saved from demolition sites in the rapidly modernizing city
Wednesday, 21 January 2009
Credit Suisse Predicts 300,000 Jobs on the Line Here
A new Credit Suisse report has predicted that an astonishing 300,000 jobs could be lost in Singapore this year and next.
Former CAO Head Released
My best wishes to Chen Jiulin. I know some things are not what it appears to be.
Chen Shui Bian's Kins Plead Guilty
Three relatives of Taiwan’s former president Chen Shui-bian on Wednesday pleaded guilty to charges of money laundering, as part of a massive corruption case in which the ex-leader has been implicated.
World Demand Collapse, Bonds Next!
The US Fed can buy US treasury bonds directly if it wants, but that is effectively monetizing the debt. Even so, the US dollar has held up better than many people thought. But that cannot last indefinitely.
The End of Banking as we Know it
The rip-roaring performance of financial sector firms isn’t likely to return anytime soon
The Very Expensive Cooking Course by Civil Servant
For a holiday with a difference, a civil servant learns to cook at the famous Le Cordon Bleu in Paris with his family
Sterling’s finished, says Soros partner as the pound plunges to new low
Jim Rogers, who made his fortune when he founded the Quantum Fund with billionaire George Soros, warned investors they should start dumping the pound.
He said: ‘I would urge you to sell any sterling you might have. It’s finished. I hate to say it, but I would not put any money in the UK.’
He said: ‘I would urge you to sell any sterling you might have. It’s finished. I hate to say it, but I would not put any money in the UK.’
Monday, 19 January 2009
Downturn Likely to Hit Chinese Workers Hardest
The economic crisis is set to hit workers harder in China than in any other big economy, with a leading scholar predicting 50 million Chinese people could be out of work this year.
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