Saturday, 13 March 2010

Charismatic Bo shakes the leadership stakes


Chongqing Communist Party chief Bo Xilai has appeared triumphant in Beijing this past week, easily stealing the limelight at the otherwise dull and ritualistic annual parliamentary session.

Beijing tightens rules on foreign funding of NGOs

The central government has tightened restrictions on overseas donations to independent domestic non-governmental organisations in a move that experts and NGO workers fear will threaten the survival of the mainland’s fledgling civil society.

Pacific Century barred from land deals in Beijing

Beijing municipal authorities on Friday suspended permission for Pacific Century Regional Developments Ltd, chaired by Hong Kong tycoon Richard Li Tzar-kai, to buy and sell land in China’s capital.

NGOs in China say threatened by new donor rules

Aid groups working in China said Friday they feel threatened by new requirements that make it harder to accept overseas donations, and said the central government appeared wary of their work and motivation.

Shanghai police arrest 47 child trafficking suspects

Railway police in Shanghai say they have detained 47 suspects and rescued 21 babies in a month-long crackdown on child trafficking.

Verdict soon on Wen Qiang but penalty unlikely to be maximum

The fate of Wen Qiang, the biggest catch in Chongqing’s crackdown on organised crime, may be known as soon as the end of this month, and if convicted, he is unlikely to get the maximum penalty, the city’s justice chief said.

Watchdog plans register to curb insider trading

Beijing plans to set up a registration system to help monitor people with knowledge of merger and acquisition transactions in listed companies, an effort to curb insider trading.

Xi stresses Japan ties amid protocol flap


Vice President Xi Jinping in Japan on Tuesday stressed the importance of good ties between the Asian giants as his hastily arranged royal audience sparked a political row in the host nation.

Astonishing growth in Chinese oil demand: IEA

China is experiencing “astonishing” growth in oil demand this year to match its economic rise while consumption in developed economies is falling, the International Energy Agency said on Friday.

Friday, 12 March 2010

Yen slips amid monetary easing expectations

The yen slipped yesterday, giving back recent gains, amid increasing expectations that the Bank of Japan will adopt further easing measures, while the pound sterling fell on persistent credit and economic concerns.

Thursday, 11 March 2010

Governance lapses, missing millions in E3

Auditors could not trace at least half of $26m investments

Lowdown on China stock markets

China’s stock market is now bigger than the bourses in London and Tokyo and has become the second largest in the world after the United States. Some of the largest firms in the world are also now listed in China. Yet, not enough is known about the behaviour and reasons for the rapidly rising stock markets in Shanghai and Shenzhen.

Chinese search for love online

Jiang Hui hasn’t dated a girl since graduating from college four years ago, but the 26-year-old Beijing office worker hopes the Internet will make this Valentine’s Day different.

Court rejects appeal of 10 insider traders

Ten people involved in one of the city’s biggest insider dealing cases yesterday lost an appeal against their conviction but will escape an HK$8.78 million fine because the now defunct tribunal set up to punish offenders had no power to levy the penalty.

How China may deal with inflation

Looking back at a bit of history can shed some light on how the Chinese may proceed in cooling a heating economy

Insider trade watchdog a toothless old hound

Insider trading may now be a serious criminal offence, but up until recently, many seemed to have regarded it as being no more serious than a parking ticket or littering fine.

Medisave use in hospitals abroad allowed

From March 1, Singaporeans and permanent residents will be able to use their Medisave to pay for hospitalisation overseas, starting with two providers - Health Management International (HMI) and Parkway Holdings.

Rio ‘very concerned’ as executives face trial

Mining giant Rio Tinto voiced concern Thursday after China said it would try four employees on industrial espionage and bribery charges, reviving jitters over doing business with Beijing.

Singapore office rents down 46.2% in Q4 ‘09

It’s biggest fall in Asia-Pac, widening Singapore’s rental gap with Hong Kong, Tokyo

Wall Street Helped to Mask Debt Fuelling Europe’s Crisis

Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts.