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Thursday, 27 August 2009
Apple in hot water in France
Half a dozen new cases of ‘exploding iPhones’ emerged in France on Wednesday, asApple faced an official inquiry and calls to come clean over possible risks linked to its wildly popular smartphone.
Monday, 24 August 2009
The Sky Has Fallen, So What Comes Next?
It was silly months ago to compare the global downturn to the 1930s depression. The recession has already turned the corner.
Boom and burst - Andy Xie
Don’t be fooled by false signs of economic recovery. It’s just the lull before the storm
A stock market bubble is a negative-sum game. It leads to distortion in resource allocation and, hence, net losses. The redistribution of the remainder, moreover, isn’t entirely random. The government, of course, always wins. It pockets stamp duty revenue and the proceeds of initial public offerings of state-owned enterprises in cash. And, the listed companies seldom pay dividends.
A stock market bubble is a negative-sum game. It leads to distortion in resource allocation and, hence, net losses. The redistribution of the remainder, moreover, isn’t entirely random. The government, of course, always wins. It pockets stamp duty revenue and the proceeds of initial public offerings of state-owned enterprises in cash. And, the listed companies seldom pay dividends.
Gome boss names names and stays in the game
Wong Kwong-yu, the billionaire businessman whose detention nine months ago triggered Guangdong’s biggest corruption scandal in years, may be languishing in police custody but his nine-month detention has not curbed his wheeling and dealing.
Free to make a killing
Camps to treat mainland Web addicts have sprung up, unregulated, with deadly results
Is the market always right?
Put differently, it’s best not to place too much faith in the dictum that the market is always right because sometimes, it isn’t.
China lists penalties for ‘small coffers’ offences
Officials guilty of having illegal special personal funds may be warned or sacked from party
Foreign audits may need local sign-off
Governance advisers post-IPO also part of SGX’s proposed regulatory changes
Hole in wall of Swiss banking secrecy
Treaty with US blurs distinction between tax fraud and tax evasion
Super-rich hit a sobering wall
A 30-year period in which affluent Americans became both wealthier and more numerous may be ending, analysts say
SGX may force lifting of veil on pledged shares
Requirement is among several new rules under consideration in light of recent experience
Why is the African continent poor?
“Africa is not poor,” President Johnson-Sirleaf added, “it is poorly managed.”
Cosco
Sunday, 23 August 2009
Time to overhaul ratings firms that helped create this mess
It boggles the mind that the ratings companies are getting off so easy as the world tries to fix a broken financial system. This is one of the places where big changes could matter most, so we will regret it later if we waste this opportunity.
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