Saturday, 26 September 2009

Lawyer in trouble over fake court judgments

He was helping former business partner placate wife over $150,000 loss

Kids from HDB and private housing fare differently at school

Former teacher says HDB-dwelling students seem to have a lower threshold for stress

Hong Kong shares fall, Lilang stumbles on debut

Hong Kong share prices were 0.96 per cent lower barely an hour into the trading on Friday, with the benchmark Hang Seng Index down at 20,847.86. The China Enterprises Index of top locally listed mainland stocks lost 0.94 per cent to 11,933.84.

Growing Pains for a National Grain Reserve

China’s state-run grain storage firm Sinograin is rapidly expanding into logistics, processing and sales. Will private rivals survive?

Fall and rise of the renminbi: ‘people’s currency’ rides out downturn to become a global powerhouse

Thanks to rapid economic growth in recent decades and the fact China has emerged relatively unscathed from the economic downturn, the renminbi’s purchasing power has strengthened, as has its ability to resist sudden fluctuations.

Diversify or die-versify?

There are limited and specific conditions under which diversification enhances performance

Deng’s cats fuel boom

Sixty years after the founding of the People’s Republic, China is finally on the brink of realising the dream of prosperity for its people and dignity on the world stage.

China Cosco warns of industry losses, cancels orders

China Cosco Holdings, which is in talks with shipyards to recall orders for ships after cancelling eight bulk vessels in July, said the container shipping industry would continue to lose money next year.

Australia caps Chinese investments in miners

China’s investment in Australian mining companies will be capped by Australian regulators as part of efforts to rein in the mainland’s growing economic influence in the resources-rich nation.

2m Confucius descendants


About two million people are now recognised as descendants of Confucius, more than tripling the size of the celebrated Chinese philosopher’s family tree, state media reported on Friday.

This Crisis Just Appetizer for Total Breakdown: Marc Faber

The crisis the world went through is just an appetizer for a future one because the weaknesses that created it have not been addressed, Marc Faber, author and publisher of the Gloom, Doom and Boom Report, told CNBC Friday.

Thursday, 24 September 2009

Inflation to Cause Stocks to Outperform Cash, Bonds, Faber Says

Inflation caused by the Federal Reserve’s efforts to prop up the U.S. economy will cause stocks to outperform cash and bond investments, Marc Faber said.

Faber recommends purchasing stocks in drug companies such as Johnson & Johnson, saying it will gain from an aging population, and in oil companies, which he called inexpensive. An index of oil and gas stocks on the S&P 500 has fallen 12 percent this year.

GuocoLeisure - 2nd attempt at privatization?

Guoco-Leisure (GLL) has surged by more than 50% in the past week. This company was formerly known as BIL International and majority-owned by the Hong-Kong based Guoco Group. Below are some salient points on the company.

Auditor accused of fakes settles

Accounting giant Ernst & Young has settled out of court a negligence case over the collapse of a former auditing client, electronics firm Akai Holdings, following allegations its staff tampered with or faked hundreds of documents.

China takes Rio lessons to heart

On Monday, commodity trader Noble Group said it is selling 15 per cent of its shares to China Investment Corp (CIC) for US$850 million, marking the sovereign wealth fund’s latest foray into the resources sector.

Zhou Enlai: gentle face of party who shaped the nation’s foreign policy


If Mao Zedong represented a face of young Communist China that was tough and unrelenting, Zhou Enlai was the one who softened the angles on that face and brought the country back onto the world stage.

‘Buy online’ craze grips affluent Chinese

China may overtake the US as biggest consumer market by 2020, say economists

Mainland’s start-up IPOs set high prices, stir worries

The first 10 firms due to list on China’s Nasdaq-style second board, ChiNext, plan to sell shares at prices 50 per cent above their mainboard peers, just as worries over speculation spurred officials to tighten trading rules.

How the Net changed the lives of millions

“If authorities fail to respond to netizens’ demands, the internet will definitely increase conflict between officials and the public rather than promote communication,” he said. “This is becoming a huge challenge for authorities and censors.”

Why SIC should break its silence on Chartered episode

Discretion is a good thing, but for the Securities Industry Council (SIC), silence does not always serve to further its cause.