Category Archives: Money

Slightly old news (it’s from January) but this is, to put it politely, quite astonishing: when the SGX ordered listed company China Sky Chemical Fibre to appoint a special auditor to investigate its (probably fraudulent) accounts and (probably dodgy) related-party real … Continue reading →

Another one bites the dust. This is a couple of months old, but still newsworthy:  Just a year-and-a-half after the Commercial Affairs Department (CAD) started probing Profitable Plots for allegedly not paying investors, BT understands that it is on the … Continue reading →

Since it was published on Tuesday, Vincent Cignarella’s article for WSJ MarketBeat – The Foreign Exchange Traders’ Lament, and kudos to the WSJ’s subs for the correctly placed apostrophe – has done the rounds of every spot FX desk on … Continue reading →

Paying taxes makes you feel good, says SCIENCE!, which I guess explains why everyone living in Singapore is so miserable? I always thought it was the one-dimensional weather. And the smog. And the Toyota Camrys that cost as much as a … Continue reading →

PBOC gov Zhou Xiaochuan doesn’t quite understand that the Fed sets policy for the American economy, and the PBOC sets policy for the Chinese economy. Have a taste of this fine whine from his speech at the Boao Forum yesterday, … Continue reading →

DBS Bank has just launched the largest ever banking M&A deal in south-east Asia, offering more than SGD 7 bio to buy Indonesia’s Bank Danamon (which is 67% owned by Temasek, the SWF that also owns a one-third stake in … Continue reading →

One of my favourite passages in Josh Brown‘s new book Backstage Wall Street talks about the “embarrassing” and “egregious” TV spots that online brokerages ran back in the bubblicious days of the late ’90s: Of all the shockingly irresponsible commercials, … Continue reading →

“60% of […] Chinese people with assets over 10 million yuan ($1.6 million) were either thinking about emigrating or taking steps to do so.”

This leaked out onto the Ruetres wire yesterday afternoon: 15:37 08Feb12 RTRS-HOLD-UPDATE 1-Lenovo Q3 net profit // slows for 3rd straight quarter (Adds quotes, details) * Q3 results up XX pct to hit record * Weak Europe demand, Thai floods … Continue reading →

The country that gave us bubbles in equities, jade, paintings, shares in paintings, table salt, fermented tea, fake French wine, 19th-century stamps and silver is now inflating a bubble in – hold your nose - dead-caterpillar fungus. The price of a pound of the fungus (which grows in the brain … Continue reading →