Singapore Finance News

GE reported worldwide profits of $14.2 bn in 2010, w $5.1 bn of total from US operations. US tax bill? ZERO. In fact, G.E. claimed a tax benefit of $3.2 bn Giant tax department often referred to as world’s best tax law firm Total taxpayer ripoff !

Professor Uwe Wystup, Managing Director, of MathFinance AG, will be in Singapore from 10 to 13 May 2011 to present a workshop on Comprehensive FX Options Asia 2011.

Maximizing productivity and profitability by integrating effective planning, budgeting and forecasting processes- now and in the future!

Chelsea Football Club owner and Russia's fifth richest man, Roman Abramovich, has recently had to make a declaration of just how rich he actually is. The Russian has announced he will run for re-election as an MP for Chukota, Russia.

Supposed guardians of financial world's integrity now making 3 currently hard situations worse: decades-long Japan stagnation; financially desperate US states; rampant socio-economic inequality fueling people power movement throughout Arab world

TBTF banks not only create & sell investment products, but also bet on - & often against - those products, putting banks’ interests at odds w their clients.

To help Singaporeans improve their insurance coverage to better protect their loved ones against unfortunate events, Manulife Singapore is enhancing the popular ManuTerm product and launching a new one called Ultimate Protector.

The latest Hong Kong rich list has been published by Forbes Asia. The top forty of Hong Kong's richest people are all US dollar billionaires too. In fact, the combined net worth of Hong Kong's super rich is a net worth of US$167 billion.

Consistently pro-corporate policies of both Obama admin & Congress meant unexpected 2010 growth in equity & other markets. Profits tho were pumped by job cuts & other restructuring BUT NOT revenue growth.

Developing a sustainable PPP model that enhances infrastructure projects financeability and improves bidding performance.

Discover an effective framework of internal control to mitigate risk and improve overall business performance.

Still Looking for that Special Gift this Holiday Season? Golden Networking’s DVD Video Packages, focused on China, High-Frequency Trading, Derivatives, and Much More, Make the Perfect Gift and are Available at GoldenNetworking.net and Amazon.com

The recent opening of the Bank of China in the heart of London demonstrates just how much of a stake China has in the U.K. and sends a clear signal to Chinese investors.

The latest figures released by the Spanish property registry have revealed that residential sales in Spain increased by thirteen percent in the third quarter of this year compared with the same period in 2009.

According to the Hurun Rich List 2010, China now has many more billionaires than the US. The Hurun Rich List ranks 1,363 individuals across the globe who have personal wealth of over one hundred and fifty million dollars.

The African Decade is upon us, with Ghana expected to grow at an amazing +20 per cent rate in 2011. Of the 12 fastest growing countries in 2011. they are all from Africa, Asia and the Middle East, and all but two are small.

Il sito per prenotazioni alberghiere online Agoda.it ha rilasciato il nuovissimo strumento BE3, come motore per le prenotazione per i piccoli hotel

Chinese investment in the US property market is likely to be far greater than figures suggest. This is because Chinese investors who are also US citizens are still not accounted for in official figures...

Buyers from mainland China and Hong Kong are ignoring the cooling of London’s property market as they continue to invest heavily in luxury real estate in Britain’s capital....

The Robert Walters Asia Job Index tracks advertisement volumes for professional positions across the leading job boards and national newspapers in Hong Kong, Singapore, China and Japan. This report shows the key job advertising trends for Q32010.

US Treasury hid $40 bn likely taxpayer loss on AIG bailout TARP Insp Genl says "US govt has obligation, when describing potential losses, to give complete information” Ideal chance 4 O 2 replace Geithner w income-equalizing Stiglitz/Roubini/Krugman

Shock of recent IMF meeting: extent to which Western leaders openly acknowledge Asian econ global dominance 4 present & future Analytically good but unclear how they will deal w new situation, both as "group" of some sort & individual countries

The Chinese government announced a new round of cooling measures which appeared to take effect as the overall value of transactions plunged 60% q-o-q to US$19.46bn, according to a recent research by DTZ.

Since 2000 US in crises in 6 areas: financial/economic/ideological/political/intellectual/media Now ugly fight btwn two TBTF groups: banks & insurance companies, saying other shd pay 4 bad housing loans BOTH admit consciously did NO due diligence

Joint SEC/CFTC "investigation" of May 6 Flash Crash not reassuring at all Details bit of HOW but ignores WHY &, crucially, how to AVOID such events in future Culprits clearly high-speed traders & runaway computer algorithm Investors flee equity mrkts

In 1st 7 months of 2010, investors withdrew staggering $33.12 billion from equities “At this stage in economic cycle, $10 to $20 bn wd normally be flowing INTO domestic stocks, rather than bns flowing OUT This is very unusual” Big winner: bonds

Sovereign debt crisis global, far from over Black Sept 2008 permanent shock to tax revenues, transfer liabilities & risk from private to public sector w/out = transfer of resources Deepened conflict btwn bond & other stakeholders 4 finite resources

W Africa Benin rare success story in continent not full of them Long taken pride in stable political life: no military in streets, Parliament not in pocket of president, relatively free press Now tho shaken by massive Ponzi scheme thru whole society

De-linking yuan/$ wd barely dent US trade deficit US lacks domestic industry to make most things currently buys from China Take lesson from recent history w Japan Yen-revaluation did nothing Key: get China to INVEST in US to avoid tariff war etc

TPG, Blackstone & Carlyle succeed raising huge funds denominated in yuan Part of China plan to build financial services industry & turn Beijing, Shanghai, Chongqing into world financial cenetrs able 2 compete w New York London Tokyo HK etc

Academic economics culpable 4 today's US global mess w models assuring powerful markets self-regulated efficient self-correcting Efficient markets hypothesis, prices fully reveal all relevant information, ruled Econ broken as is paradigm – & shd be

Investors in the U.K. are being advised to consider investing more money in overseas real estate.

So-called quantitatives or quants seen as best & brightest, able 2 outwit Wall St w PhDs & superfast computers But after missing financial panic, losing big 2008, lagging badly 2009, quants, & academic economist peers, looking wrong & irrelevant

Faced w steepest & longest decline in tax collections ever, state, county, city govts have made life-changing cuts in core services like education, transportation & public safety that recently wd have been unthinkable Services likely worse b4 better

Ludovic Houri appointed as Chief Operating Officer to lead global sales, product marketing and development and delivery teams

Govt suspects banks evading rules to rein in rampant lending & excess credit driving rising property prices & inflation If banks & trusts secretly repackage old loans & moving them off balance sheets, regulators worried China could end up like West

Signs of life, but report shows that sustained recovery requires catalyst of key deals, led by institutional investors.

“Uncover the essentials of Fund Transfer Pricing, ICAAP, Capital Allocation, Risk Modelling and Stress Testing Scenarios to enhance your ALM framework in the ever changing financial climate. ”

Wall St planning 2 influence regulators & invent products that bend new regulations 2 their advantage: checking / derivatives / proprietary trading / whatever Banking chiefs concede they intend to pass most costs associated w bill to customers Enjoy

Tragic battle of right vs. right: public workers dependent on private corps as ONLY source of retirement $ vs. public fearing own econ present & future Both must pay 4 mistakes of rating agencies / TBTF derivative plays / pols aware of underfunding

Largest SE Asian economy grew @ 6.2% annual rate Q2. Stock market record highs, among best Asia performers up > 20 % since Jan 1. Rupiah appreciated 5% vs USD. Indo on track to draw more foreign investment than 2008, when lured in $14.87 billion

Western banks are increasingly focused on preserving and extending the wealth of their employees. Emerging market providers, on the other hand, are focused on unlocking access to new markets using the latest technology as enablers.

There’s room for growth in Korea’s hedge fund market. At the recent 4th annual Hedge Fund Japan congress, organized by IQPC, fund managers interviewed by Finance IQ were nothing but positive on Korea’s potential as a Hedge Fund market.

150 newly-registered lobbyists worked in exec branch financial agencies, SEC lawyers 2 Fed Reserve bankers. Dozens of former govt lawyers NOT registered as lobbyists scour newly passed financial regulations for corporate clients. Why do you think ?

Sukuk - Shari’ah compliant bonds are generally considerable interest. According to Moody’s, the global sukuk issuance market has grown from $336million in 2000 to $14.9billion in 2009 with the figure expecting to exceed $24billion in 2010.

We have consistently argued political leadership of US & EU have been following Japan down path of deflation & Lost Decade/S Now James Bullard, president of Fed Reserve Bank St. Louis: US risks becoming “enmeshed in a Japanese-style deflation" soon

With exception of Cheney / Bush regime, Obama has consistently been one of most pro-BIG business Presidents in modern US history. Yet all he seems to get for it is shocking lack of respect - a disturbing marker of deterioration of US public discourse

The scale of new markets in China & India unleashed by pace & scale of urbanization is staggering But businesses need to be able to serve these markets in practical terms. How cities are run—& productivity that results—is key factor for companies

Ex Fed Chair Paul Volcker: Perfect example of how keeping quiet when you know something's wrong leads to disaster for your country & deep well of inner regret But now he’s finally willing to admit publicly he consistently made huge policy mistakes

We gather CFOs across Asia at the 2nd Annual CFO Asia Summit to share how they have come out with solutions to overcome various challenges faced.