Saturday, 4 October 2008

They Bought in Anticipation and Sold on News

Investors offloaded after learning US Senate had passed bailout bill
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High Loan Exposure Becomes Dampener

Analysts say Singapore banks may have over-lent to property sector.
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Asian Money Rates Surge on Credit Concerns

Hong Kong and Tokyo three-month interbank rates rise to the highest levels in over nine months
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Suddenly, Dubai Catches a Cold

Are the wheels coming off Dubai? Momentum in the spendthrift emirate certainly looks to be grinding to a halt. Last week, Dubai received a US$15 billion bailout from Abu Dhabi, its cash-rich big sister. At least that’s how the lending facility set up by the UAE central bank is being privately interpreted. It’s just one of a number of warning signs.
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Will China’s Economy Sink with the US Crisis?

Anyone who believes China is set for smooth-sailing as the US sinks is likely to be as wrong as those arguing a year ago that the sub-prime-loan crisis was containable.

Many Chinese are recession virgins - they are far more used to booming than slowing growth. Equity investors are far more accustomed to double-digit gains than big drops in shares. It’s an open question how this year’s 58 per cent plunge in Chinese shares affects sentiment.
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Americans Grapple with Libor


Libor, set every morning in London, is what banks pay to borrow money from each other. That in turn determines prices for financial contracts valued at US$393 trillion as of Dec 31, 2007, or US$60,000 for every person in the world, and helps set consumer interest rates on everything from home loans to credit cards.
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China Lung Disease ‘to Kill 83m’

A US study has suggested that more than 80 million people in China will die in the next 25 years as a result of lung disease.
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New York Had Milk Scandal Too

China today, beset with food and safety scandals, bears an uncanny resemblance to New York 150 years ago, says this author.
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Will DJIA rebound from 10156?

Wall Street Gets Rescue, But What About Stocks?

Stocks may get a short-term boost from today’s approval of a $700 billion financial rescue package, but the longer-term outlook is far less certain.
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US Official Announcement

Friday, 3 October 2008

Greenspan Says Markets to Recover as Investors Return

Former Federal Reserve Chairman Alan Greenspan said financial markets and the economy will recover “sooner rather than later” from the worst turmoil in seven decades.

China’s Bronze Medal

The Shenzhou 7 space vehicle has just successfully completed its earth orbiting mission while one of its three-taikonaut-crew has taken China’s first walk in the space.
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Married? Stay ‘Sexually Confident’

Shannon Ethridge on the importance of physical connection in marriage
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Singapore Recession Will Last Several Quarters: Citi Economists

Worst will likely be in H1 2009, they predict in new report
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Five Issuers to Quit Competitive Warrant Market

At least five derivative issuers will withdraw from the Hong Kong warrant market amid the global financial crisis, according to an executive of Societe Generale, one of most active participants in the market.
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Chill Pill for Developers

Interest costs are rising and they may be stuck with project backlogs
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1.1m Americans have HIV

A NEW estimate of how many Americans have the Aids virus puts the number at about 1.1 million, the U.S. Centres for Disease Control and Prevention (CDC) said on Thursday.
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Witch Hunt is Unfounded, Says Short Seller

Wall Street chiefs blame short sellers - those who sell borrowed stock and profit when prices decline - for driving shares down as the credit crunch unfolded
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Watch Out For The Next Risk: A Hedge Fund Death Spiral

By banning short selling of financial stocks, securities regulators in Australia, Britain and the United States may have inadvertently added to the risk that the next down-leg of the financial crisis could involve a death spiral among hedge funds.
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