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Showing posts from January, 2012

Asiasons hires auditor to study licence lapse

Asiasons WFG Financial has hired a Big Four independent auditor to investigate the lapse of its broking arm’s licence, and a report is expected around the end of January, chief executive Quah Su-Yin told BT.

S-chips not seen regaining favour in Dragon year

Governance issues and shaky Chinese economy put investors in cautious mood

China to skid, then rebound in Q3

Policy easing will take time to kick in, cushion weak global demand: economists

China Sky saga: Quo vadis, SGX?

Perhaps it's time to consider alternative adjudication mechanisms that serve to enhance confidence of all stakeholders

China eyes pension fund boost for bourse

China’s local governments could plough up to 360 billion yen (S$73 billion) into the domestic stock market under a proposal, which sources familiar with the matter say is with the Cabinet, to allow them to allocate some of their pension funds into shares.

Noble’s Elman prepares CEO succession

Billionaire Richard Elman said that he will soon install a new chief executive officer at Noble Group Ltd as the 71-year-old founder and chairman of Asia’s biggest commodity supplier prepares to ease his managerial control.

SGX silence over China Sky about-face too deafening

Worry is, move may send wrong signals; with implications for S-chip governance

Local yards may be STX OSV suitors

Sembcorp Marine and Keppel Corporation may be in the running to pick up a majority 50.75 per cent share of Norwegian shipbuilder STX OSV.

SGX backs down from court action against China Sky

Both sides’ lawyers have met but China Sky directors were absent at hearing

Tightening of rules seen testing directors

The worry now is that they may be asked to do too much

STX OSV’s rise spurs stake sale expectation

Complete transfer of 50.75% parents’ stake likely: analyst

Did China Sky, SGX meeting breach code?

Meeting notes show major shareholder’s representative there

China Sky-SGX saga a test case

Investors of China Sky Chemical Fibre are caught in the stand-off between the Singapore Exchange (SGX) and China Sky Chemical Fibre. And there appears to be no easy way out of the mess.

2011 is likely Wall Street’s worst year since 1938

For most Wall Street bankers, 2011 was a year they would rather forget. Investors will soon find out just how bad that year was for America’s biggest financial institutions.

Hang Seng Index creator, Stanley Kwan, dies at 86

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Stanley Kwan, the banker whose 1969 creation, the Hang Seng Index, became a widely used gauge for the Hong Kong Stock Exchange, has died. He was 86.

China Sky’s independent directors step down with immediate effect

The board split at China Sky Chemical Fibre came to a head yesterday after the group failed to appoint special auditors by the final deadline set by the Singapore Exchange.

SGX asks for court order in China Sky case

In what could be an unprecedented move, Singapore Exchange (SGX) has resorted to applying for a court order to enforce its directive on a defiant S-chip company.

CAD seeks KXD Digital documents in probe

China-based KXD Digital Entertainment has been ordered by the Commercial Affairs Department (CAD) to produce company documents in a probe by the white-collar crime buster under the Securities & Futures Act.

Hot investment trend of 2012 a good way to lose your shirt

Beware of jumping on the repatriation of US-listed Chinese companies - there may be diamonds among them but identifying them has defeated professionals

SGX seeks to remove ‘iceberg order’ function

The Singapore Exchange (SGX) is seeking to remove a trading-engine function provided to market participants in both the securities and derivatives markets to slice large orders into smaller ones.

SGX seeks to remove ‘iceberg order’ function

The Singapore Exchange (SGX) is seeking to remove a trading-engine function provided to market participants in both the securities and derivatives markets to slice large orders into smaller ones.