The Business Times, 4 July 2012

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Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, July 4, 2012
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  • 752 1  -  COMMENTARY By EMILYN YAP [SINGAPORE] Must something be broken before it is fixed? This is a question the Association of Banks in Singapore (ABS) will face, as evidence of Libor manipulation in the United Kingdom casts a shadow on the robustness of Sibor here.
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  • 987 1  -  Barclays CEO, hounded out over Libor rigging, may reveal embarrassing details about regulators By NEIL BEHRMANN in London THE man who admitted that his bank had collaborated in rigging interest rates was forced out yesterday kicking and screaming. Barclays chief executive Bob
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  • MARKETS DIGEST
    • 110 1 GST INDEX 2,945.33 (+34.74) GST INDEX FUTURES 2,944 (+35) GSIMSCI 339.46 (+4.07) GSIMSCI FUTURES 339.30 (+3.80) us$ s$ US$ (S$ per US$) 1.263 (US$/S$ per 1.569 1.982 EURO (US$/S$/E) 1.258 1.589 Foreign currency per US$ S$ YEN 79.80 63.20 RM 3.153 2.495 HK$ 7.754 6.137 BAHT 31.50 24.93 RUPIAH
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    • 19 1 SINGAPORE 5.38 MALAYSIA 6 55 HONG KONG 5.00 INDONESIA 14 386 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • Page 1 Advertisements
    • 56 1 EXEC MONEY Advantage of a multi-asset income strategy page 28 GET YOUR COPY! Unclear about the implications of the soon-to-be-implemented Lemon Law? Or worried about costs for industrial space and wondering if prices will continue to surge? Tap on the views of experts in The SME Magazine, free with your
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    • 12 1 COMMENTARY Raising the water mark for audit committees PAGE 19 *****1 *****4
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    • 87 1 LAND TRANSPORT New VW Beetle reflects spirit of original car PAGE 22 My name:Henry My business: Enterprise cloud solutions Performance-driven technologies My dream:A virtual cloud nine My private bank:Julius Baer, because they master the balance of performance and stability My passion: www.juliusbaer.asia Julius Baer, the leading Swiss private banking group,
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    • 8 1 STRAIT TALK Cruising: business as usual PAGE 20
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  • TOP STORIES
    • 421 2 Diamond steps down, but may tell all BARCLAYS chief executive Bob Diamond finally bowed to political and City pressure and resigned days after the bank was fined £290 million (S$576 million) for manipulating Libor. FRONT PAGE Sibor feels tremors from Libor quake MUST something be broken before it
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    • 471 2  -  Factory output in the next few months may come under pressure By TEH SHI NING [SINGAPORE] Singapore’s manufacturing sector may have bucked the global trend of receding purchasing managers’ indices (PMIs) for a second month in June, but economists say factory activity
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    • 660 2  -  By S JAYASANKARAN in Kuala Lumpur MALAYSIAN Prime Minister Najib Razak yesterday launched the prospectus of the RM23 billion (S$9.2 billion) initial public offering (IPO) of global healthcare provider IHH Healthcare at a glitzy event befitting the third-largest listing in the world this year.
      AFP  -  660 words
    • 335 2  -  By SAMUEL EE [SINGAPORE] The Committee of Inquiry (COI) appointed to look into the MRT service disruptions on Dec 15 and 17, 2011 has completed its report. It was submitted to the Ministry of Transport yesterday and will be made available to the public
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    • 874 2  -  Partners of Bali club wants registration of trademark here voided By GRACE LEONG [SINGAPORE] Allegations of greed, fraud and subterfuge emerged in the opening statements of several parties locked in a high-stakes battle that began on Monday for trademark rights to the
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    • 465 3  -  It emerges first in ‘input’ sub-index, but ranks 11th on ‘innovation output’ By ANNA TEO [SINGAPORE] Singapore has retained its third spot on the latest Global Innovation Index (GII) though apparently its strength lies mostly in its capabilities than in “creative outcomes”. The
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    • 452 3  -  Asian utilities should cut leakage and theft to 20% from current 60% By LYNN KAN [SINGAPORE] If Asian water utilities halve the 29 billion cubic metres of water a year they lose through leakages, 150 million people about half the population of
      452 words
    • 596 3  -  By VICTORIA HO [SINGAPORE] The government has upped the pressure on OpenNet, making it raise its installations from 2,050 a week to 3,100, and requiring it to cover a number of service offering “gaps”. The wireline infrastructure provider for the nationwide broadband network
      FILE PHOTO  -  596 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 568 4  -  Move comes after SembMarine lost case; the latter has since filed appeal By JOYCE HOOI BAKER Technology will go ahead and recognise the gain from the sale of PPL Holdings (PPLH) to the consortium led by Middle Eastern firm QD Asia
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    • 597 4  -  By WANG XIN MIN RETAIL investors in Singapore have turned a bit optimistic in their investment outlook for the next halfyear compared with six months ago, but remain cautious, according to a survey by JP Morgan Asset Management. The survey showed
      STOCK.XCHNG  -  597 words
    • 352 4  -  It eyes more deals as provinces upgrade power grid By LYNETTE KHOO HU An Cable has clinched a 101.3 million yuan (S$20.1 million) contract to supply low-voltage aerial bundled cables to Hubei Province Electric Power Company. The contract is its
      352 words
    • 408 4 Bloomberg [SINGAPORE] Ricardo Leiman, the former chief executive officer of Noble Group Ltd who has sued in Singapore claiming shares and a bonus were wrongfully withheld, accused the company of mischief for saying he was fired. Mr Leiman disputed that he was terminated
      Bloomberg  -  408 words
    • 278 4 Pictet-Absl Rtn Glo Cons-P EUR 29.06.2012 EUR 103,80 Pictet-Absl Rtn Glo Div-P EUR 29.06.2012 EUR 116,90 Pictet-Asian Equities Ex Japan-P USD 29.06.2012 USD 156,14 Pictet-Asian Local Currency Debt-P USD 29.06.2012 USD 146,92 Pictet-Biotech-P USD 29.06.2012 USD 344,86 Pictet-Clean Energy-P USD 29.06.2012 USD 57,89 Pictet-Digital Communication-P USD 29.06.2012 USD 136,93
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    • 401 5  -  It has clinched three projects worth more than $70 million By LYNN KAN UNITED Engineers Limited (UEL) may have made more waves as a developer in past years, but it is setting its sights on growing its $80 million a year environment business. UEL
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    • 634 5 David Chan and Dymon founder were former colleagues at Goldman Bloomberg DYMON Asia Capital (Singapore) Pte, the best-performing large hedge fund in Asia last year, hired a former head of macro trading at Goldman Sachs Group Inc as chief executive officer, strengthening
      Bloomberg  -  634 words
    • 331 5  -  By GLENN CHOO MAINBOARD-LISTED integrated water solutions company Hyflux opened its new $60 million global headquarters yesterday. Called Hyflux Innovation Centre (HIC), the building on Bendemeer Road has a gross floor area of more than 400,000 square feet and will serve as the nerve centre
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    • 428 8  -  Credit card points redemption can be done instantly and without hassle By AUDREY TAN DBS Bank credit card holders can now redeem their credit card points instantly with a new mobile application called DBS Rewards. It is the third lifestyle mobile app
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    • COMPANY BRIEFS
      • 100 8 ST Engineering said Singapore Commuter Private Limited the wholly owned subsidiary of its land systems arms ST Kinetics has injected US$6.66 million into its joint venture, Jiangsu Huatong Kinetics Co Ltd. The capital injection is the first progressive proportionate capital contribution of an
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      • 67 8 JADE Blossom Limited, a subsidiary of Goldtron Limited, has agreed to sell its own subsidiary PE HK to Red Mars Investment Limited for HK$2,000 (S$325). The consideration took into account PE HK’s net negative asset value as at Dec 31, 2011, of HK$1.4 million. PE HK had
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      • 72 8 C&G Environmental Protection Holdings has been selected as the preferred bidder for the Guiyan waste-to-energy (WTE) project in China’s Guizhou province. C&G will start negotiations with the Guiyang authorities to finalise the terms and conditions of the project agreements, the firm said yesterday. Total investment
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      • 72 8 YEO Hiap Seng (Malaysia) Berhad announced yesterday that an appeal against a Jakarta High Court decision that was found in its favour in 2010 has been rejected. The Jakarta Supreme Court rejected the appeal by the plaintiff, PT Kharisma Inti Persada, which was
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      • 75 8 AIMS AMP Capital Industrial Reit has extended 55 per cent of 27 Penjuru Lane’s underlying leases out to FY2016 and FY2018. The extended lease will take into effect once the asset’s master lease expires in FY2013. “Management is currently in negotiations to renew the underlying
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  • Page 4 Advertisements
    • 152 4 SID Singapore Institute of Directors Professional Training for Company Directors The Singapore Institute of Directors (SID) is the national association of company directors. SID promotes the professional development of directors and corporate leaders. It works closely with private sector professional firms, academia and regulators, its network of members and professionals,
      152 words
    • 199 4 SID Singapore Institute of Directors SID Directors Conference 2012 Corporate Governance In The New Normal The annual conference organised by the Singapore Institute of Directors (SID) 9.00 am to 5.30 pm, Wednesday, 12 September 2012 Marina Bay Sands Singapore Guest-of-Honour Mrs Josephine Teo Minister of State, Ministry of Finance and
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    • 95 4 Legend of the Seas tarty fifar SAVERS 2- WEEKEND MALACCA CRUISE Singapore Departure: Nov 3 Ports-of-call: Singapore, Malacca 3- BEST OF MALAYSIA CRUISE Singapore Departures: Oct 31, Nov 9,16,23,30, Dec 7,14,26 Ports-of-call: Singapore, Malacca, Penang 4- ISLES OF SOUTHEAST ASIA CRUISE Singapore Departures: Nov 05,19,26, Dec 3,10,17,21 29 Ports-of-call: Singapore,
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  • Page 5 Advertisements
    • 58 5 dnata welcomes a partnership that’s a cut above. 1 Today, dnata takes great pleasure in welcoming Yangtze River Express to Singapore. As its official cargo handler, dnata stands ready to forge a partnership that’s a cut above the rest with China's premier cargo airline. For details, visit dnata at www.dnata.sg
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    • 179 5 JERRY LUM m Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K Wh«n You Buy. Sell, or Rent Lancaster University Management School m ■*rrn n W k y r 4th Intake commences in September 2012 Application Deadline
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  • SINGAPORE MARKETS
    • 621 6  -  But trading volumes show signs of tapering off; market hopes for stimulus from European Central Bank STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday continued to ride on the momentum generated by last week’s end-of-quar-ter window-dressing, news of yet another bailout deal for
      Source: Bloomberg  -  621 words
    • 66 6 Jul 3 VALUE CLOSE BT OB/OS 484.00 +3.0 BT CADI -*****.00 +103.0 BT 10-day MA -*****.00 +48.00 FTSE ST Mid Cap 686.48 +6.29 FTSE ST Small Cap 454.06 +2.27 FTSE ST All Share 713.77 +7.86 FTSE ST China Top 203.04 +3.77 FTSE ST China 227.30 +3.76 FTSE
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 3 3 0 0 0 10 3 3 Manufacturing 61 36 45 9 6 7 70 42 52 Commerce 22 21 14 1 4 2 23 25 16 Tpt/Stor/Comms 20 12 7
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    • 914 6  -  Compiled by JOYCE HOOI CapitaMalls Asia Limited July 3 close: $1.605 MAYBANK KIM ENG RESEARCH, July 3 ESTABLISHMENT of US$1 billion China fund. CMA announced that it has set up CapitaMalls China Development Fund III (CMCDF III), in which it will have a 50 per cent stake. The
      Source: Bloomberg  -  914 words
    • 121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,259 27,259 102,973 102,973 Manufacturing 347,016 151,033 498,049 226,409 4,791 231,201 Commerce 281,371 4,182 285,553 175,268 492 175,760 Tpt/Stor/Comms 104,764 9,471 114,235 149,639 2,479 152,118 Finance 19,765 10,720 30,485 174,088 5,108 179,196 Construction 53,584 2,397
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    • 113 6 Stock name Close Change CapMallsAsia 1.605 +0.025 CapitaLand 2.810 +0.090 CapitaMall 1.920 +0.015 CityDev 11.300 +0.070 ComfortDelGro 1.560 +0.010 DBS Grp 14.150 +0.160 F&N 7.090 +0.060 GLP 2.150 +0.030 Genting SP 1.390 -0.020 Golden Agri 0.720 +0.035 HK Land 5.850 +0.110 JMH 50.750 +0.400 JSH 31.200
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    • 573 6 CURRENCIES Reuters [LONDON] The euro was steady against the US dollar yesterday as prospects of weakness in the US economy leading to further monetary easing offset poor eurozone data and doubts about a European plan to support indebted countries. Analysts and traders
      Reuters; PHOTO: REUTERS  -  573 words
    • 57 6 VOLUME Noble Grp 85,765,000 GSH Corp 84,514,000 Golden Agri 80,498,000 ChinaTaisan 66,890,000 Goldtron 57,877,000 Midas 53,922,000 TT Intl 52,220,000 Genting SP 51,670,000 ChinaFashion 40,237,000 M Devt 30,830,000 VALUE($) Noble Grp 98,460,427 Genting SP 72,325,715 UOB 69,752,269 Keppel Corp 66,864,455 CapitaLand 66,740,450 Golden Agri 56,843,360 DBS Grp 56,340,150
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    • 107 6 BY CENTS CLOSE UP GLD 10US$ ***** 157.9 0.8 DBXT MSEurope 10US$ 4168 116.2 2.3 Lyxor MS India 10US$ 1234 92.2 6.3 JSH 3120 88.4 2.3 DBXT MSKorea 10US$ 5375 77.1 1.1 UOB 5.05%NCPS 100 ***** 59.0 0.6 JMH 5075 50.5 0.8 UOB 1916 37.0 2.0 DBXT MSTaiwan 10US$
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    • 117 6 BY CENTS CLOSE DOWN SPDRS S&P500 10US$ *****-***** -45.4 DBXT FTVietnam 10US$ 2283 -53.1 -1.8 CombWill 100 69 -10.0 -12.7 IS MS India 100US$ 563 -8.8 -1.2 CityDev.ES.1207 1121 -7.0 -0.6 Elec Eltek 265 -6.3 -1.9 DairyFarm 1060 -5.1 -0.4 Spore Land 567 -3.0 -0.5 TCT 159.5 -3.0 -1.8
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    • 5 6 DAILY
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 1470 8 ESAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices BIOSENSORS INTERNATIONAL GROUP, LTD. (Incorporated in Bermuda as an exempted company limited by shares) (Company Registration No. EC *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2012 Annual General Meeting (“AGM”) of Biosensors International Group, Ltd. (the “Company”)
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    • 1673 8 BIOSENSORS INTERNATIONAL GROUP, LTD. (Incorporated in Bermuda as an exempted company limited by shares) (Company Registration No. EC *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING (“SGM”) of Biosensors International Group, Ltd. (the “Company”) will be held at Regent Singapore, Level III, Boardroom
      1,673 words

  • SINGAPORE NEWS
    • 531 9  -  S’pore’s deep tunnel sewerage system also cited in KPMG’s global infrastructure top 10 short-list By LYNN KAN SINGAPORE’S Tuas II Desalination plant and a 48-kilometre sewerage superhighway have helped the island republic become the only country with two projects among the world’s top
      Source: KPMG  -  531 words
    • 375 9  -  By MINDY TAN THE trend of capital values of industrial space rising even as rents soften, as seen in Q2, is likely to continue for the rest of the year, according to DTZ, part of UGL Services. In particular, rents of hi-tech industrial
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    • 381 9  -  Analysis of real-time data will let agency make quick findings By NISHA RAMCHANDANI THE National Environment Agency (NEA) and IBM are teaming up as part of a three-year research collaboration to develop advanced modelling and predictive capabilities that will tackle major environmental concerns in Singapore.
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    • 243 9 A PRIME 99-year leasehold residential site was launched for public tender yesterday. Landmark Tower, located on Chin Swee Road, has a site area of about 60,821 square feet and is zoned “residential” under the 2008 Master Plan. The development, comprising 38 floors and a
      243 words
    • 391 9  -  By MICHELLE TAN THE recovery of Singapore’s property market since 2009 has been a welcome fillip for the wallets of private home owners. Based on caveats lodged, private residential home owners pocketed at least $20.3 billion in gross profit since the sector recovered
      391 words
    • 335 9  -  By MINDY TAN THE Housing and Development Board (HDB) yesterday signed a memorandum of understanding (MOU) with two French companies Electricite de France and Veolia Environment Recherche et Innovation to work on a modelling tool that will help the board develop sustainable urban
      335 words
    • 391 9  -  By KELLY TAY in Lindau, Germany EVEN as countries in Asia and most formidably, China ramp up their investments in the biomedical sciences sector, Singapore is well-poised to take the heightened competition head-on. This is thanks to the Republic’s 12-year head-start in the
      391 words

  • ECONOMY WATCH
    • 648 10 Brazil, Russia, India, China comprise 20% of world economy this year Bloomberg [LONDON] The biggest emerging markets are contributing more than ever to the global economy as their proportion of the world stock market shrinks, leaving investors with the widest valuation gap in seven years.
      Bloomberg  -  648 words
    • 578 10 AP [SAN DIEGO] Negotiators from the United States and eight other Pacific Rim countries opened a round of talks here on Monday aimed at producing one of the most ambitious trade deals in decades amid criticism that the deliberations are shrouded in secrecy.
      AP  -  578 words
    • 465 10 Reuters [SYDNEY] Australia’s central bank yesterday held its main cash rate at 3.5 per cent as it gauges whether back-to-back cuts already delivered will be enough to insulate the resource-rich economy from global gloom. The Australian dollar edged higher as the
      Reuters  -  465 words
  • Page 10 Advertisements
    • 849 10 THE POWER OF EFFECTIVE BRANDING THINKING STRATEGIES Who should attend: Senior Management and Professionals in Brand Management, Public Relations Advertising, Sales Marketing, Business Development, Entrepreneurs and individuals looking to market and brand their identity FULL-DAY WORKSHOPS Critical Thinking Sun Tzu’s Art of War Style FULL-DAY SEMINAR Building Your Brand Identity
      849 words

  • MALAYSIA/INDONESIA
    • 533 11 Govt divestitures, steady economic growth drive deal-making spurt Reuters [SINGAPORE] In an otherwise dismal year for Asia’s investment banking industry, a ray of hope has appeared from the most unlikely of places: Malaysia. State oil company Petronas announced the country’s largest-ever outbound takeover
      Reuters  -  533 words
    • 203 11 Bloomberg [SINGAPORE] Credit Suisse Group AG, Goldman Sachs Group Inc and JPMorgan Chase Co were among banks picked to arrange the US$1.5 billion initial public offering (IPO) of Malaysia’s Astro All Asia Networks plc, said two people with knowledge of the matter. Billionaire
      Bloomberg  -  203 words
    • 413 11 [TANJUNG PELEPAS, Johor] The Port of Tanjung Pelepas (PTP) will invest RM1.4 billion (S$560 million) over the next three years to buy new cranes, electrify existing rubbertyred gantries (RTGs) and build new berths. “The industry is continuously evolving and shipping lines continue to
      413 words
    • 597 11 Reuters [JAKARTA] Tebet is a modest suburb of the Indonesian capital Jakarta, a district where houses cost around US$100,000. On tiny lanes outside many of the red-tiled bungalows sit Mercedes-Benzes, BMWs and Jeeps imported cars worth as much as the houses themselves.
      Reuters; REUTERS  -  597 words
  • Page 11 Advertisements
    • 222 11 Wine, Dine on -V V ‘4 V' A vE ■J& i.-*wT .rsnt@ a »?>;* v. ts f THE BEST OF ROASTS IN THE CBD Enjoy Prime Roasts in the historical and cultural gem, the Ascott located in the heart of Singapore's Central Business District. The Royal Mail Restaurant <D Bar
      222 words

  • GREATER CHINA
    • 588 12 Govt urged to cut reserve ratios again to boost liquidity and stabilise growth Reuters [BEIJING] China’s services sector expanded at its fastest pace in three months in June, an official survey showed yesterday, but left intact market expectations that Beijing will deliver more
      Reuters  -  588 words
    • 506 12  -  Central bank may resort to another rate cut soon By FREDERICK YEUNG EJ Insight [HONG KONG] China is expected to record slow-er-than-expected loan growth in June despite an interest-rate cut during the month. The weak lending growth, coupled with the recent data pointing
      EJ Insight; REUTERS  -  506 words
    • 400 12  -  By FREDERICK YEUNG EJ Insight [HONG KONG] The Guangzhou government’s move to cut the quota for new car sales could encourage more mainland cities and provinces to take similar steps to curb traffic congestion and reduce air pollution. That will dent the prospects
      EJ Insight  -  400 words
    • 306 12  -  By LEE U-WEN [SINGAPORE] Deputy Prime Minister Teo Chee Hean arrives in China today to begin a three-day official visit at the invitation of his Chinese counterpart, Vice-Premier Wang Qishan. Mr Teo, who is also Home Affairs Minister and Coordinating Minister for National
      306 words
    • 237 12 Temple seeks listing despite official disapproval Bloomberg [BEIJING] The managers of Putuo Mountain, a Buddhist shrine where worshippers go to pray for healthy children, want to raise 750 million yuan (S$150 million) in an initial public offering (IPO). The China Daily reported this
      Bloomberg  -  237 words
    • 775 12 [HONG KONG] Even death does not provide relief from soaring property prices in Hong Kong, where those seeking a final resting place for a loved one face high costs and a shortage of space. The squeeze has become so acute that
      AFP  -  775 words

  • INDIA
    • 793 13 Indian banks face greater exposure with cash shortages, rising bad loans Bloomberg [MUMBAI] Credit risk for India’s financial institutions is climbing towards a three-year high after the central bank warned that cash shortages and rising bad loans threaten lenders in Asia’s third-largest economy. The
      Bloomberg; BLOOMBERG FILE PHOTO  -  793 words
    • 553 13 Reuters [MUMBAI] The State Bank of India (SBI) aims to raise at least US$500 million through a five-year overseas bond sale as soon as this month, two sources with direct knowledge of the matter said on Monday, potentially reopening the dollar bond
      Reuters  -  553 words
    • 411 13 Reuters [AMMAN] Reliance Globalcom, the underseas cable unit of Indian mobile operator Reliance Communications, said on Monday it had launched a joint venture with Iraq that substantially expands the country’s broadband and telecommunications links to the outside world. The activation of Al-Faw Cable
      Reuters  -  411 words
    • 419 13 One judge voted for the govt, the other favoured telcos Reuters [NEW DELHI] An Indian telecoms tribunal yesterday gave a split verdict on a challenge by mobile phone operators seeking to overturn a government order requiring them to stop offering 3G services
      Reuters  -  419 words
  • Page 13 Advertisements
    • 699 13 IN THE HIGH COURT OFTHE REPUBLIC OF SINGAPORE Originating Summons Number 581 of 2012/F In the matter of MEIBAN GROUP LTD (Company Registration Number *****2811M) And In the matter of Section 210 of the Companies Act, Chapter 50 of Singapore SCHEME OF ARRANGEMENT under Section 210 of the Companies Act,
      699 words

  • WORLD
    • 552 14 Durable goods’ bookings also up for first time in 3 mths LATEST US DATA Bloomberg [WASHINGTON] Orders placed with US factories rose in May for the first time in three months, easing concern that manufacturing is faltering. The 0.7 per cent increase
      Bloomberg  -  552 words
    • 745 14  -  Economy vulnerable to contagion from eurozone and US dollar is modestly overvalued, it says By ANTHONY ROWLEY in Tokyo ECONOMIC recovery in the United States remains “tepid” as households continue to deleverage and growth in the world’s largest economy is
      BLOOMBERG  -  745 words
    • 693 14 This reinforces case for ECB rate cut as early as this week Reuters [BRUSSELS] Eurozone factory prices fell more than expected in May as the cost of energy dropped sharply, reinforcing the case for an ECB interest rate cut as early
      Reuters  -  693 words
    • 494 15 It inks deal to build RM2b KL hotel, also plans properties in London, Sardinia Bloomberg [KUALA LUMPUR] Qatar Holding LLC, the investment arm of the country’s sovereign-wealth fund, plans to open Harrods hotels in cities including London, New York and Paris to
      Bloomberg  -  494 words
    • 593 15 Reuters [SAN JOSE, California] A US judge here rejected on Monday a request by Samsung Electronics Co to lift a ban on US sales of its Galaxy Tab 10.1, dealing a third legal setback to the South Korean firm in just
      Reuters; REUTERS  -  593 words
    • 187 15 Reuters [BRASILIA] Brazil posted its weakest trade surplus for June in 10 years, the trade ministry said on Monday, underscoring the severity of a global slowdown that has curbed demand for exports and is also starting to hit imports in the commodity powerhouse.
      Reuters  -  187 words
    • 668 15 Reuters [YANGON] A year and a half after it opened to scepticism from the West, Myanmar’s fledgling Parliament reconvenes this week for its biggest task yet: debating an ambitious set of laws to reshape an economy that wilted during half a century of
      Reuters  -  668 words
    • 1356 16 It now faces delays as protesters use Facebook, Twitter to rally opposition to Pahang rare earths plant Bloomberg [KUALA LUMPUR] Lynas Corp chief executive officer Nicholas Curtis said that he underestimated the power of Facebook and Twitter when his mining company decided to build the
      Bloomberg; AFP; BLOOMBERG  -  1,356 words
    • 763 17 Digital advertising foray after buying aQuantive fails to meet expectations NYT [NEW YORK] Microsoft owned up on Monday to the collapse of its biggest push into digital advertising, announcing that it would take a US$6.2 billion accounting charge in its online services division
      NYT  -  763 words
    • 774 17 Jobs and economy will be deciding factors, say analysts AP [WASHINGTON] Polls suggest President Barack Obama holds only a small, perhaps meaningless lead over Republican Mitt Romney in the race for the White House as he awaits a new jobs report on
      AP; PHOTOS: AFP  -  774 words
    • 506 17  -  By LEE U-WEN [SINGAPORE] There is much scope for Singapore and New Zealand to work together more closely, particularly in areas such as food science, food security and infocomm technology. This was the view of New Zealand’s Economic Development and Tertiary
      506 words
    • 661 17 US firm will be in a better position to challenge Samsung Bloomberg [TOKYO] Micron Technology Inc’s 200 billion yen (S$3.2 billion) purchase of bankrupt Japanese chipmaker Elpida Memory will give the US company a stronger foundation to challenge Samsung Electronics in
      Bloomberg  -  661 words
  • Page 14 Advertisements
    • 263 14 Li AN ASME-LIANHE ZAOBAO AWARD jff HP Singapore Prestige Brand Award 12 The Best Branding Strategy A Seminar That Changes Your Branding Game Featuring prominent brand practitioners, this important event will unveil the success game plan for achievement-oriented brand owners and managers. Monday, 16 July 2012, 9.30am to 4.30pm Ministry
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  • Page 15 Advertisements
    • 26 15 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices MATS NOTICES
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    • 485 15 AC Quant societe d'investissement a capital variable Registered office: L-2550 Luxembourg, 36, avenue du X Septembre R.C.S. Luxembourg B *****3 The shareholders of AC Quant (the "Company") are hereby informed that for the Extraordinary General Meeting of Shareholders of 13 June 2012 the quorum required to adopt a resolution on
      485 words
    • 325 15 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF GOODWIN CONSULTANTS PTE. LTD. MEMBERS’ VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Company duly convened and held at 111 North Bridge Road, #18-03 Peninsula Plaza, Singapore *****8 on 26 June 2012 at 11.00 a.m.,
      325 words
    • 451 15 GRANDNESS SINO GRANDNESS FOOD INDUSTRY GROUP LIMITED (Company Registration Number *****6801H) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the Circular dated 4 July 2012 issued by Sino Grandness Food Industry Group
      451 words
    • 308 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YUEN KING DIGITAL EQUIPMENT PTE LTD. (Co Registration No. *****0964N) (Incorporated in Singapore) (In Members’ Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50 that the FINAL
      308 words

  • Page 16 Advertisements
    • 1889 16 LOTTVISION LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2012 Annual General Meeting of LOTTVISION LIMITED (the “Company”) will be held at Capital Tower, FTSE Room Level 9, 168 Robinson Road, Singapore *****2 on 27 July 2012 at 4.00 p.m. (Singapore time) and
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  • Page 17 Advertisements
    • 166 17 KATS NOTICES IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No 145 of 2011/N In the Matter of the Companies Act, Cap 50 and In the Matter of Borders Pte Ltd (In Compulsory Liquidation) (Co. Reg. No. *****5017Z) NOTICE OF MEETING OF CREDITORS Take notice that
      166 words
    • 321 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUN HUNG KAI PROPERTIES (SINGAPORE) PTE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****5302E Extract of the Minutes of an Extraordinary General Meeting of SUN HUNG KAI PROPERTIES (SINGAPORE) PTE LIMITED signed by the Representative
      321 words

  • EDITORIAL & OPINION
    • 513 18 EDITORIAL THE resignations of, first, the chairman of Barclays, Marcus Agius, and then the bank’s high-profile CEO Bob Diamond over the Libor scandal could be just the beginning of a series of top-level casualties at some of the world’s major banks. It could also be a
      513 words
    • 832 18  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT THIS is the time of year when weather experts scan the sky: a failure of the monsoon amounts to a drought in some parts of
      832 words
    • 989 18  -  Best solution for euro crisis will be to keep loss of sovereignty and debt-sharing to minimum REUTERS BREAKINGVIEWS By HUGO DIXON Cuando despertó, el dinosaurio todavía estaba allí. “Upon waking, the dinosaur was still there.” THIS extremely short story by Guatemalan writer
      AFP  -  989 words
    • 1059 19  -  Presence of a financial expert in audit committees as defined by SOA does help in financial governance of listed firms By HO YEW KEE The writer is an associate professor in the Department of Accounting, NUS Business School HEN I did my undergraduate accounting
      FILE PHOTO  -  1,059 words
    • 883 19  -  By NEETA LAL The writer is a New Delhi-based senior journalist AS socio-political and economic changes sweep Myanmar, and the country takes tentative steps towards establishing a market economy under a managed democracy, Indian Prime Minister Manmohan Singh’s visit to the country last
      883 words


  • Transport HUB
    • 939 20  -  Passengers continue to have complete confidence in the safety of large cruise ships STRAIT TALK By DAVID HUGHES IN THE present gloomy economic climate, there are two bright spots in the shipping industry: offshore and cruising. As I wrote this column from the luxury of P&O
      AFP  -  939 words
    • 424 20 10 mega-container ships to be operated by Evergreen Group Bloomberg [SINGAPORE] Hyundai Heavy Industries Co, the world’s biggest shipbuilder, won an order to build 10 mega-container vessels for US$1.2 billion, the biggest new contract for the type industrywide in a year. The vessels, each able
      Bloomberg  -  424 words
    • 617 20 Bloomberg [LONDON] The fleet of tankers waiting for European gasoline cargoes to ship to the United States expanded to the largest in at least a year after a surge in prices at the pump encouraged Americans to drive one billion fewer miles. There
      Bloomberg  -  617 words
    • 290 20 Reuters [SINGAPORE] Rates for dirty tankers on key Asian freight routes are expected to hover near this year’s low as an oversupply of vessels overshadows Chinese demand for Middle East crude, ship brokers said yesterday. Rates on the benchmark very large crude
      Reuters  -  290 words
    • 369 20  -  By WANG XIN MIN GLOBAL supply chain solutions provider Panalpina officially opened its regional headquarters for Asia Pacific here yesterday, poised to tap the growth potential of intra-Asian trade. Marco Gadola, Panalpina’s regional CEO for Asia Pacific, told BT the firm considers the region
      369 words
    • 253 20 SGX '000 Jul 3 S$ +/-Vol CH Offshore 0.43 0.01 668 Chuan Hup Hldg 0.23 unch 70 Cosco Corp 1.01 0.01 6146 s$ Ezra Hldgs 1.12 0.03 9717 First Ship Lea 0.17 unch 1609 Freight Links 0.07 unch 1678 Grand Banks unch unch 0 Jaya Hold Ltd 0.57
      253 words
    • TRANSPORT HUB: AVIATION
      • 561 21  -  More than one-third of it over the next two decades will be in Asia-Pacific By VEN SREENIVASAN AMERICAN planemaker Boeing projects a US$4.5 trillion market for 34,000 new aeroplanes over the next 20 years, with AsiaPacific accounting for over a third of the market.
        REUTERS FILE PHOTO  -  561 words
      • 459 21  -  The carriers are migrating to new reservation system By VEN SREENIVASAN SILKAIR and Singapore Airlines online/mobile bookings, reservations and ticketing services will be disrupted this weekend as the airlines migrate their reservation system to Amadeus’s Altea suite from the 30-year-old proprietary Kriscom
        459 words
      • 709 21 Reuters AFP [TOKYO] All Nippon Airways Co (ANA) is raising up to US$2.6 billion in a share sale to buy new planes and to bolster its finances as it faces a resurgent rival in Japan Airlines and increased competition from budget airlines. The sale
        Reuters; AFP; REUTERS  -  709 words
      • 399 21 Reuters [SEATTLE] US labour groups said they were disappointed with Airbus’ decision to build its first US plant in Alabama, where it is effectively impossible to form a powerful union, and warned non-union work could drive down wages across the board
        Reuters  -  399 words
    • TRANSPORT HUB: LAND
      • 560 22  -  But there’s hardly any change among buyers of mass-market cars By SAMUEL EE MORE and more premiumbrand customers are taking vehicle loans as car prices rise but there does not appear to be much change among buyers of mass-mar-ket makes, say some motor
        560 words
      • 447 22  -  It’ll debut here next week at about $140,000 with COE By SAMUEL EE THE 21st century Volkswagen Beetle is closer to the original people’s car of 1938 than its immediate predecessor was, says Volkswagen Group Singapore. “It is not a niche model, but a
        447 words
      • 447 22 Reuters [BRUSSELS] Proposals to toughen EU standards on car emissions have put the giants of the German auto industry on collision course with makers of lighter vehicles, including Italy’s Fiat. The plan from the European Commission, the EU’s executive arm, is to enforce
        Reuters  -  447 words
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  • Page 21 Advertisements
    • 57 21 I HAVE SOT A WHOLE STACK OF MATERIALS FOR MY STOCK ANALYSIS.. One Afternoon \V fit n CAUTION I r* r/ m ms sgs gsgr 1 You SHOULD SWITCH TO USING 1 ONLINE RESOURCES INSTEAD La Vj SHARElNVESTOR.com YOUR ONE-STOP FINANCIAL PORTAL FOR ALL YOUR INVESTMENT NEEDS. Visit ShareInvestor.com now
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  • Page 21 Miscellaneous
    • 344 21 CRYPTIC CROSSWORD Across 1 Beast with personality is going with the upwardly mobile classes (11) 7 Caretaker has rubbish taken back after start of year (7) 8 Fellow permitted to make flower arrangement (7) 10 Altering peculiar shape (8) 11 Son to take science (not Phys.!) and English that’s the
      344 words

  • Page 22 Advertisements
    • 163 22 BIG COMPANIES are looking for employees at STJobs. You too should look no further to find a job. A*Star Breadtalk CAAS Capita Certis Changi Airport CIMB Bank CISCO Security Coffee Club Dairy Farm Singapore 0 Davy International DFS Venture Ducktours Singapore Esprit Retail Halliburton Construction Manufacturing Hyundai Engineering Construction Ikano
      163 words

  • SINGAPORE STOCKS
    • 2841 23 Transaction date: Jul 3 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 123 92.5 AIMSAMPIReit 122.5 +1 229 123 122 122.5 123 6.8 11.7
      2,841 words
    • 157 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 24
      157 words
    • 7910 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCI A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited American Opp Asian Local Ccy SD Bond 0.6475/ 0.9977/ China
      7,910 words
    • 187 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US32.5 unch 1782 33 32.5 32.5 33 2140 220 168 TanChongInt HK208 198 203 4.3 3.4 7 4188.9 STOCK PRICES LEGEND: Straits
      187 words
    • 927 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 122.4 122.2 CIMB APAC Div 100S$D 122.2 126.5 127.5 103 95.8 CIMB APAC Div 100US$ US96 100.4 101.2 10.1 1260 1246 CIMBASEAN40 100S$D 1260 1271 1279
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  • FINANCE & COMMODITIES
    • 641 25 Jul 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9013.65 9082.39 9012.86 Sep12 9010.00 9085.00 8985.00 9070.00 ***** *****8 Dec12 8980.00 9015.00 8980.00 9010.00 11 6612 MSCI TAIWAN INDEX FUTURES SPOT 262.33 265.51 262.33 Jul12 254.10 259.20 254.00 257.80 ***** *****7 Aug12 249.50 256.80
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    • 373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 2 Index Change Change Change Change Change Change World Preliminary 873.1 0.2 5.2 0.2 2.3 0.1 4.6 EAFE Preliminary 701.5 0.8 2.8 0.7 -0.9 0.6 1.4 Europe Preliminary 1045.6 1.1 1.9
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    • 127 25 As on 2 July 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 534.05 530.35 532.40 588 CURRENCY EUR-USD FUT SEP2012 1.2677 1.2580 1.2596 5032 BASE METAL COPPER FUT SEP2012 7665 7618 7649 4044 INDEX IRON ORE (MBIO) IDX
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    • 107 25 Jul 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1532.25 1512.75 1542.00 1522.50 Aug 12 1494.25 1481.75 1509.75 1485.00 Sep 12 1462.50 1450.25 1477.00 1454.00 Nov 12 1438.00 1427.75 1455.75 1430.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 52.18
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    • 70 25 CRUDE OIL PRODUCTS Jul 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 96.04 0.67 WTI (Near Mth) 83.50 -1.34 Dubai (1-Mth F) 93.72 2.53 Tapis blend 99.58 3.09 Minas 101.08 3.09 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.72 2.50 Jet Kerosene 112.14 3.25 US$/barrel OpecOil Basket
      70 words
    • 23 25 Jul 3 3 s$ Bid Offer 1-month 1.2632 1.2637 2-months 1.2631 1.2637 3-months 1.2629 1.2635 6-months 1.2618 1.2624 Source: OCBC
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    • 64 25 Jul 2 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1873.00 1875.75 3 months 1909.00 1911.00 Copper, Grade A(US$/tonne) Cash 7634.75 7691.75 3 months 7625.00 7685.00 Lead(US$/tonne) Cash 1866.25 1847.75 3 months 1879.00 1861.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.50 *****.00 3 months *****.00
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    • 80 25 Jul 2 COCOA (£/tonne) Close Prev High/Low Jul 12 1627 1614 1632/1608 Sep 12 1577 1574 1585/1563 Dec 12 1556 1553 1564/1540 Mar 13 1527 1526 1532/1510 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2095 2103 2119/2090 Sep 12 2135 2134 2144/2118 Nov 12 2135 2134 2141/2116 Jan 13 2110
      80 words
    • 1239 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 369 8.00 22 Conv Aztech Grp W*****3 0.3 0.1 400 1 20 109 32.33 4 Baker Technology Ltd W*****6 0.6 1 32 7 50.83 4
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    • 470 25 Jul 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.042 6.520 0.816 7.958 56.229 96.374 0.819 11.679 3.236 1.277 97.206 42.819 1.297 8.344 0.980 30.656 32.330 0.654 1.026 Canada 0.960 6.257
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    • 54 25 Jul 3 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 3 mths 0.***** 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****
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    • 137 25 Jul 3 GOLD(US$/oz) Jun 29 Jul 03 Hong Kong 1577.00 1614.00 Jul 03 Jun 29 Jul 02 London 1596.93 1597.59 1597.79 1598.81 Source: Thomson Reuters CAST BAR Jul 03 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 65 5gm 444 325 10gm
      137 words
    • 86 25 Jul 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 04-Oct-12 0.26 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.14 5-Year N*****0Z 2.375 01-Apr-17 109.3 109.42 109.40 10-Year NY*****X
      86 words
    • 53 25 Jul 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 12 3054.0 2431 Aug 12 3076.0 3070.0 3117.0 3075.0 1323 ***** Sep 12 3090.0 3088.0 3130.0 3084.0 ***** ***** Oct 12 3093.0 3094.0 3132.0 3093.0 5730 *****
      53 words
    • 155 25 Jul 3 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2962 1.2973 1.0261 1.0266 Canadian dollar 1.2439 1.2453 0.9854 0.9847 Euro 1.5890 1.5897 1.2579 1.2580 NZ dollar 1.0149 1.0156 0.8034 0.8037 Sterling pound 1.9816 1.9827 1.5687
      155 words
    • 121 25 As at 9am Jul 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.328 1.265 Can dollar 1.275 1.215 Euro 1.632 1.555 Sterling pound 2.025 1.948 NZ dollar 1.046 0.997 US dollar 1.286 1.237 Local dollars to 100 units of foreign
      121 words
    • 154 25 Jul 3 $S Offer Bid 0vernight 0.02 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.00 0.80 12
      154 words

  • 3444 26 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE U.S.A. SERVICE Destination STXPO TBN Camden/New
    3,444 words
  • Page 26 Advertisements
    • 37 26 Experienced sh,"p maintenance services wanted. i'nil Shipping Times? I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times
      37 words

  • Page 27 Advertisements
    • 130 27 TO ADVERTISE IN .The Business Times Shipping Times CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Can they find your services here in the Shipping Times? The Business Times Shipping Times SI Announce Your Corporate Development I y
      130 words

  • Page 28 Advertisements
    • 22 28 DOWNLOAD THE NEW 91.BFM ANDROID AFP NOW! 91.3FM TODAY'S BEST MUSIC 13 FACEBODK.COM/NINETYONETHREE FOLLOW US ON TWITTER BRADIO_913 LOG ON TO WWW.RADIOB13.COM
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    • 34 28 if www.omy.sg o m o Dir Tell us how social media iKQCk your world QX55QJD Ct^JQsD cameras! V u t A W Visit www.omy.sg for more details! An event of "o cial edia iesta
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  • executive Money
    • 1309 28  -  It provides sustainable income across a range of economies, asset classes and sectors MONEY MATTERS AL CLARK The writer is head of Multi-Asset, Asia Pacific Schroder Investment Management AS the dust begins to settle on the global financial crisis, it has become clear that
      REUTERS  -  1,309 words
    • 1229 28 With growing fraud, value of offshore directors questioned NYT [GEORGETOWN, Cayman Islands] Just off the tarmac at the Grand Cayman International Airport, visitors were recently greeted by colourful banners advertising the Caribbean island’s sunny offerings: waterfront seafood restaurants, taxfree shopping and hedge fund
      NYT  -  1,229 words
    • 1568 30  -  Volatility reaching twice the 50-year average in 2011 has pulled about US$300 billion from mutual funds, reportsWHITNEY WHITNEY KISLING Bloomberg VOLATILITY in the Standard Poor’s 500 Index is returning to levels that drove valuations and stock volume down to rates not seen since at
      Bloomberg; AFP  -  1,568 words
    • 918 30  -  By PAUL J LIM NYT INVESTORS who’ve been fleeing jittery stocks and hiding out in the fixed-income market face a new quandary: finding something to ballast their bonds, which have experienced their own spike in volatility of late. The Merrill
      NYT; REUTERS  -  918 words

  • Page 29 Advertisements
    • 553 29 IMS 4.^ f&fL, /-r' 9 i m H H txi'w i.zrj vd it i C*"r '*'-1. f vWffimM /VV WmFv:h''V WdwMkr* 1 raWW' ul&'i‘- w, j H 1 V 087 STOCK CODE Athletes don't spend years in training just to have any old metal placed around their neck. They want
      553 words