Saturday, 7 February 2009
Economic Shift Rouses Defunct Steel City
To cool the economy four years ago, the government closed private Tieben Steel and detained its founder. Times have changed.
Nenner Cycle Signals Entry Point
A few entry points as the market might rally for a limited time, with Charles Nenner, Charles Nenner Research Center president
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Ackerman's Attack
Rep. Gary Ackerman (D-NY) lets SEC officials know what he thinks about their lack of oversight in the alleged Madoff Ponzi scheme.
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Video
Is Lexicon’s RTO with Zenna really a good deal?
On Wednesday, Singapore- based publisher Lexicon Group said it would pay $160 million for Zenna Overseas Ltd, which is engaged in commercial property development in China.
Will investor confidence in hedge funds return?
Value Partners’ founder says most small funds won’t survive the crisis
Smart of US to avoid showdown with China
Washington has backed away from a confrontation with China after Treasury Secretary Tim Geithner said during confirmation hearings that ‘President Obama - backed by the conclusions of a broad range of economists - believes that China is manipulating its currency’.
MM Lee explains Singapore’s long-term investment horizon
Singapore’s Minister Mentor Lee Kuan Yew has said the country has over S$100 billion in reserves today, unlike the 1960s when the country first gained independence.
China’s official figures obscure sharp decline
Plunging exports. Factory closures. More than 20 million people thrown out of work. Official data showing that China’s economy is cooling but still growing strongly obscure what economists say is a sharp recent decline that has inflicted obvious pain.
Remaking ‘Made in China’
The key to success, he says, is creativity. “Cheap price is no longer a weapon.”
China’s Unemployment Swells as Exports Falter
Hundreds of thousands of migrant workers are returning here earlier than usual from their home villages after the Chinese New Year holiday. Lugging their belongings in plastic sacks and cardboard boxes, they are hoping to find increasingly scarce jobs. Many will fail.
Businesspeople named as defendants in Chen case
Prosecutors yesterday named four businesspeople as defendants in the money-laundering case involving detained former president Chen Shui-bian (陳水扁) and his family.
Perak tussle sparks riot
Malaysian police fired tear gas on Friday at supporters of an opposition leader who was forcibly removed from his office when he refused to cede his post as chief minister in a political tussle over which party controls the state’s legislature.
Friday, 6 February 2009
Man accused of Japan’s biggest scam arrested
His firm allegedly operated scheme that conned people of $2b
ERA told to return $257,000 to couple
ERA Senior agent Mike Parikh got his wife Madam Sadiq (above) to buy a flat sold by his subordinate Mr Ang (below). The flat was resold for a hefty profit within weeks.
WHAT THE JUDGE SAID: Justice Choo Han Teck said that Mr Parikh and Mr Ang were ethically wrong and in breach of contract by creating a conflict of interest between their client and themselves.
Police will not become tool for petty politics, says Shanmugam
He said the high level of trust between the police and the people is an asset that should not be taken lightly.
Novel idea to tackle vice
The British are considering a novel law to curb prostitution by making it a crime for a man to pay for sex with a prostitute who is working under a pimp.
‘Rarely seen’ drought ravages China
A farmer with a rape plant that has withered due to frost and the lack of water in Henan province. China's state relief agency has declared a 'Level 2' emergency and ordered urgent channelling of water from well-supplied regions to the arid provinces.
Dilemma over law and tradition
The stand-off between Perak Menteri Besar Mohd Nizar Jamaluddin and the Sultan Azlan Shah boils down to a squabble over a strict interpretation of the state Constitution and tradition, experts say.
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