Market Pundit Fined for Price Manipulation

The mainland’s securities watchdog has imposed a penalty of 250 million yuan (HK$283.65 million) on renowned stock commentator Wang Jiangzhong for price manipulation, the biggest punishment it has handed down in an individual case.

Beijing to Keep Reins on Refined Fuel Prices

Refiners will get less benefit from reform

Recession-Proof Campbell Soup Has the Right Recipe for Hard Times

Looking for a tasty recession-proof stock? Campbell Soup has a proven track record of outperforming at times when investors are running for the exits.

Boom times just a mirage as fast-paced Dubai grinds to halt

The seaside emirate of Dubai shifted into crisis mode this week as its break-neck building boom stalled, its lending bonanza evaporated and the government pondered wider steps to rescue banks.

Deadly Harvest

Guangdong’s burial ban has fuelled demand for human bodies, and criminal gangs are resorting to murder to meet it

Shenzhen Top Policeman Held Over Nightclub Fire

More than 100 million yuan in cash - the stacked bills were the size of a king-sized bed - was found in his apartment, the paper said.

Few Jobs for China Graduatesc

Holding fresh CVs but lowered hopes, hundreds of thousands of Chinese students flocked to recruitment fairs across the country this week as the government warned them not to be fussy amid the global financial crisis.

Singapore’s Temasek cuts pay to combat slowdown

Singapore’s state investor Temasek Holdings said on Friday it would cut pay across the board in a bid to slash costs as the firm projects tough economic conditions in 2009 and beyond.

Please break this fucker Cristiano Ronaldo's legs

DBS May Need to Raise New Capital: Morgan Stanley

39 Asia-Pac banks tipped to issue new shares, sell assets or cut dividends

DBS May Need to Raise New Capital: Morgan Stanley

39 Asia-Pac banks tipped to issue new shares, sell assets or cut dividends

Career Tip - You Need to Have a Plan B

Many people are great with plans for their companies, yet neglect to make one for themselves

Citigroup to Close 7 SIVs After Losses of US$2.2b

(NEW YORK) Citigroup will wind down seven failed off-the-books investment funds, ending chief executive Vikram Pandit’s attempts to salvage them after at least US$2.2 billion of writedowns this year.

Vicious Circle in the Markets

Markets are spooked by three Ds: deleveraging, deflation and depression, feeding into one another in a potentially vicious manner. With banks facing strain again, governments must rapidly complete existing recapitalization plans and probably take further steps to prevent excessive belt-tightening.

HK Investors Wary of Province’s Slow Approach to Reform

Hong Kong investors on the mainland say they may not survive to benefit from a restructured Guangdong government if reform in Shenzhen alone takes five years.

US Global Dominance ‘Set to Wane’

US economic, military and political dominance is likely to decline over the next two decades, according to American intelligence agencies.

Citigroup’s stock plunged below $5 – a 13-year low – and the banking giant’s troubles may be just beginning

Most institutional investors and pension funds are barred from owning stocks below $5. So if Citigroup’s stock remains below that level, it could trigger a wave of selling that would send the share price even lower.

“That’s the danger of crossing that $5 threshold,” says Owen Malcolm, senior vice president of Sanders Financial Management in Atlanta.

“They’re (Citigroup) already in trouble. It could get worse.”

Money managers don’t necessarily have to sell Citi immediately. But they would have to get out before the end of the quarter if the stock doesn’t recover and may opt to do so now to mitigate potential losses.

Citigroup Explores Options, Including Sale Of Company

Executives at Citigroup Inc. (C), faced with a plunging stock price, began weighing the possibility of auctioning off pieces of the financial giant or even selling the company outright, according to people familiar with the matter.

Singapore Shares End Higher On Rebound, But Rally Likely Brief

Singapore’s stock market followed its Asian peers in recovering from early falls Friday, but analysts dismissed the gain as a technical rebound that isn’t likely to last.

DJIA Monthly - Which Direction Now?