Finance and Economy
Goldman Sachs Group Inc. is being investigated by U.S. investigators whether the American banking firm broke the law when it didn’t sound an alarm about a suspicious transaction in Malaysia. At issue is US$3 billion Goldman raised via a bond issue for Malaysian state investment fund 1Malaysia Development Bhd – 1MDB. The 147-year-old bank […]
... written on Jun 14 2016Since Disney World opened in Orlando city in 1971, follows by Sea World and Universal, kids from every corner of America and beyond have dreamed of a trip to the Magical Land. It would never be the same again after the Sunday terrorism that killed 49 and sent shockwaves through the tourism industry, with employees […]
... written on Jun 14 2016Prime Minister Najib Razak’s beautiful wife – Rosmah Mansor – has hit the headlines again, for the wrong reason. Naughty boy Rafizi Ramli, an opposition MP, exposed another lavish spending by Najib administration this week when he revealed Rosmah hired Emirate’s Executive Airbus A319 private jet so that she can fly into Turkey – with […]
... written on Jun 13 2016The news of a mass defection at RBS Coutts, which has the British royal family amongst its customers, came as a shock. In 2009, Hanspeter Brunner, former Asia head of RBS Coutts Bank Ltd., Singapore, had jumped ship with a staggering 70 colleagues. Their destination: BSI SA, a small Swiss bank catered primarily to Italian clients but […]
... written on Jun 11 2016Famed for making a cool billion US dollar by “breaking” the Bank of England in 1992, semi-retired George Soros had warned that we’re about to see something that hasn’t happened in “80 years”. He spoke about the financial apocalypse during the World Economic Forum in Davos, Switzerland in January this year. Soros made the […]
... written on Jun 10 2016Russians might love their President Vladimir Putin, who enjoyed consistently high rankings. Last year in June, Putin’s approval rate was at record-high of 89%, despite economic challenge due to tumbling currency ruble and oil price. But it’s a different story altogether with the Russian prime minister, who assumed office since 2012. When Russian Prime Minister […]
... written on Jun 09 2016Crude oil prices – both WTI and Brent – have breached US$50 a barrel, and that is good news to oil producers. West Texas Intermediate (WTI) crude futures for July were trading above US$51 per barrel for the first time since July 2015. So, what’s the big deal? Because a technical analysis shows the bull is […]
... written on Jun 09 2016Last year when the China’s State Administration of Civil Service announced they would revise Criminal Laws to include cheating in the country’s national servant exams, some laughed and thought the Chinese authorities were merely blowing hot air. The proposed laws would see cheaters sentenced to three-to-seven years in prison. Today, the Chinese government is making it […]
... written on Jun 08 2016At least 3 new polls show Brexit – British Exit – could succeed on June 23 after all. An online survey by ICM shows 48% wanted to leave European Union as opposed to 43% who don’t. Pollster YouGov found “Leave” on 45%, with “Remain” on 41%. Meanwhile, TNS registers 43% Britons preferred “Out” as compared to […]
... written on Jun 07 2016Brexit – British exit from EU – is very real and could happen after a referendum on June 23, roughly 3 weeks away. Unlike a referendum on Scottish independence which took place on 18 September 2014, the Brexit is different simply because the Kingdom of Scotland and the Kingdom of England have been united since 1603, while […]
... written on Jun 03 2016
