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ZURICH - Swiss bank UBS AG, under pressure at home to give up on hefty bonus schemes in the face of its poor performance, said on Monday it will introduce a more transparent pay system for top executives.
The bank, which is struggling in the sub-prime crisis and whose shares slumped to a new all-time low [...]

Posted on November 17th, 2008 under Singapore News | . Tags: 2009, AG, Analyst, asia economy, Bank, Banking, Credit Suisse, Deutsche Bank, DJ, Dow Jones, Economic, Economic Crisis, Economy, Financial, financial crisis, Fiscal Year, Foreign Exchange, GMT, Growth, Investments, Investor, Marcel Rohner, Market, Markets, Monetary, news, Peter Kurer, property market, Raoul Weil, real estate investment, Recession, shares, stock market, Sub Prime, sub prime crisis, Swiss, Swiss Franc, Tax Fraud, UBS, United States, US, Wall Street, world economy, world news, world trade, Zurich. Comments: 1

FRANKFURT - Global central banks are ready to take further steps to ease market tensions and bolster faltering economic growth, top policymakers said on Friday, as world leaders gathered for talks on the economic crisis.
Speaking at a conference in Frankfurt, US Federal Reserve Chairman Ben Bernanke and European Central Bank President Jean-Claude Trichet said [...]

Posted on November 15th, 2008 under Singapore News | . Tags: Bank, Ben Bernanke, central, Claude, Credit Crunch, Economic, Economic Crisis, Economy, European, Fed, Federal Reserve, Financial, financial crisis, Frankfurt, Global, Growth, Investments, Israel, Jean, Liquidity, Markets, Performance, Policymaker, Rate cut, shares, Stanley Fischer, stock market, Su Ning, sub prime crisis, Top, Trichet, United States, US, world economy, world news, world trade. Comments: None

NEW YORK - Merrill Lynch & Co said on Friday that the majority of its best-performing financial advisors will join Bank of America Corp (BOA) when that bank buys Merrill at the end of the year.
More than 6,200 advisors accepted a retention package offered by BOA that was targeted at the top-producing brokers, a spokesman [...]

Posted on November 15th, 2008 under Singapore News | . Tags: Bank of America Corp, BOA, brokers, f inancial advisors, financial crisis, Investment, Investments, Merrill Lynch, New York, price rise, shares, stock market, sub prime crisis, world economy, world news, world trade. Comments: None

Finance Minister says price of rice to rise in aftermath of Cyclone Nargis
By Chio Su-Mei, Channel NewsAsia | Posted: 10 May 2008 2131 hrs

SINGAPORE: Finance Minister Tharman Shanmugaratnam said the price of rice could increase in the immediate future because of Cyclone Nargis. However, he assured Singaporeans that the government is monitoring the situation.
Mr [...]

Posted on May 10th, 2008 under Singapore News | . Tags: financial crisis, singapore news. Comments: None

Spike in prices hits Hong Kong shoppers, food industry
Posted: 08 May 2008 0132 hrs
HONG KONG : Shoppers and food suppliers in Hong Kong have have been feeling the pinch in recent months as food prices have skyrocketed, showing the port city’s vulnerability to global shifts in commodities markets.
Hong Kong’s staple foods of pork, rice [...]

Posted on May 8th, 2008 under World News | . Tags: asia economy, financial crisis, world economy. Comments: None

One billion Asians affected by surging food prices
Posted: 01 May 2008 0026 hrs
MADRID : One billion people in Asia are seriously affected by surging global food prices, the director general of the Asian Development Bank, Rajat Nag, said on Wednesday.
“This includes roughly about 600 million people who live on just under a dollar a [...]

Posted on May 1st, 2008 under World News | . Tags: financial crisis, price rise, world economy, world news. Comments: None

UBS still faces risk from sub-prime crisis, says CEO
Posted: 23 April 2008 1943 hrs

BASEL, Switzerland : UBS, the biggest Swiss bank, warned on Wednesday that it still faced some risk from the US sub-rime crisis after wracking up losses exceeding 37 billion dollars (23.4 billion euros).
Shareholders are gathered here for the annual general meeting [...]

Posted on April 23rd, 2008 under World Business News, World News | . Tags: financial crisis, world economy, world news. Comments: None

UBS explains huge sub-prime losses in 50-page report
Posted: 21 April 2008 1848 hrs
ZURICH: Switzerland’s biggest bank UBS said on Monday that weak risk control and a pay structure that invited risky deals were among key factors leading to its massive sub-prime-related losses.
A 50-page report to shareholders, a summary of a document the bank submitted [...]

Posted on April 21st, 2008 under World Business News, World News | . Tags: financial crisis, world economy, world news. Comments: None

US sub-prime losses may total US$422b
Posted: 16 April 2008 0451 hrs
PARIS : Losses because of the financial crisis sparked by the US sub-prime mortgage crisis could rise as high as 422 billion dollars (267 billion euros), an OECD report said on Tuesday.
That figure was far lower than the 945 billion dollars estimated last week [...]

Posted on April 16th, 2008 under World News | . Tags: financial crisis, sub prime crisis, world economy, world news. Comments: None