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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

SINGAPORE - The Encarta World English Dictionary defines ‘capitulate’ as ’surrender, especially under specified conditions; consent or yield: to give in to an argument, request, pressure or something unavoidable’. It also defines ‘capitulation’ as ‘a giving up of resistance’.
Much has been made of the selling of the past year, with some observers believing that markets [...]

Posted on November 16th, 2008 under Singapore News | . Tags: asia economy, Dow Jones, Economic, Hang Seng Index, inflation, Japan, Nikkei, shares, Singapore, Southeast Asia, STI, stock market, Stocks, Straits Times Index, United States, US, Wall Street, world economy, world news, world trade. Comments: None