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  • As Shipping Slows, Banks and Carriers Fear Loan Defaults 12 Nov 2009 10:11 GMT
    ... Cargo vessels off the coast of Singapore last June. With trade slowed by the ... carriers could rise. But in Europe, where banks hold over $350 billion of increasingly dubious ... said Anthony B. Zolotas, a shipping industry banker at Eurofin in Athens. “At that point ...

  • Singapore Hot Stocks-Wilmar, SIA in focus 12 Nov 2009 00:33 GMT
    ... for the rest of the year. - Singapore Airlines, the world's biggest airline by market ... news Global Economy Technology Telecoms Media news Banking news General/political Asia Macro A multimedia version of ...

  • World Bank warns unemployment threatens US economy 12 Nov 2009 04:36 GMT
    ... SINGAPORE (AP) - Stubbornly high joblessness threatens to ... mortgages," Zoellick told reporters in Singapore. "Some banks are going to continue to be troubled ... soared since March. "It's important for central bankers to be thinking about that, but there ...

  • World Bank warns jobless rate threatens economy 12 Nov 2009 12:51 GMT
    ... SINGAPORE | Stubbornly high joblessness threatens to trigger ... Mr. Zoellick told reporters in Singapore. "Some banks are going to continue to be troubled ... soared since March. "It's important for central bankers to be thinking about that, but there ...

  • World Bank: Unemployment Threatens US Economy 12 Nov 2009 04:40 GMT
    ... pay their mortgages," Zoellick told reporters in Singapore. "Some banks are going to continue to be troubled ... soared since March. "It's important for central bankers to be thinking about that, but there ...

  • South Korea's Central Bank Maintains Key Rate at 2% 12 Nov 2009 03:55 GMT
    ... of Asian forecasting at Action Economics in Singapore. said last month the economy may now ... South Korea’s financial regulator tightened rules on non-banking finance companies’ mortgage lending for people buying ... bit of flexibility,” Cohen said. “Like central banks around the world, they’re able to be ...

  • 'Unemployment threatens US economy' 12 Nov 2009 00:16 GMT
    ... delinquencies of credit card loans, consumer loans, people won’t be able to pay their mortgages,” Zoellick told reporters in Singapore. “Some banks are going to continue to be troubled by bad loans.” Government stimulus spending will likely ...

  • Morning Money: Joint opinions 12 Nov 2009 11:31 GMT
    ... op-ed with finance ministers of Indonesia and Singapore -- Treasury releases Oct. budget statement -- ... in trying to reduce three or four banking regulators to one. And Senator Dodd is ... be tough.” JOHNSON, on dealing with too-big-to-fail banks: “There's a little progress on this issue ...

  • Little Cargo, Loads of Debt 12 Nov 2009 02:50 GMT
    ... Singapore's container port last month. As global trade ... a price recovery. But in Europe, where banks hold over $350 billion of increasingly dubious ... said Anthony B. Zolotas, a shipping industry banker at Eurofin in Athens. “At that point ...

  • UPDATE 1-Malaysia Maybank eyes big leap; Q1 profit up 54 pct 12 Nov 2009 10:50 GMT
    ... performance * Sees better outlook for investment banking * Shares end lower before results, lag ... the worst is probably over for Malaysian banks' earnings, a slow economic recovery could still ... led a surge in quarterly profits among Singapore's three listed banks, all of which beat ...

  • BEA shares rise further on takeover talk 12 Nov 2009 10:51 GMT
    ... network is very appealing. Very few foreign banks have as big a presence as they ... its first inroad into Hong Kong’s competitive banking market in 1982 when it acquired Dao ... In 2001, Guoco sold Dao Heng to Singapore’s for US$5.9bn at 3.5 times book value, ...

  • Stronger action seen to deflate property bubbles 12 Nov 2009 06:14 GMT
    ... keep inflating. Authorities in Hong Kong, India, Singapore, South Korea and Taiwan in the last ... taxes on purchases of second homes, capping mortgage limits or even threats of higher interest ... government encouraged lending to support the economy. Banks in China are expected to lend 10 trillion ...

  • Director quits RBS after 14 months 12 Nov 2009 00:31 GMT
    ... 37, a managing director at its global banking and markets division in Hong Kong, has ... staff at its RBS Coutts office in Singapore walked out last month. However, the bank ... since appointed "more than 20" replacement private bankers and support staff at the Singapore office ...

  • Job losses will persist 12 Nov 2009 05:50 GMT
    ... World Bank President Robert Zoellick said in Singapore on Wednesday. Zoellick warned that the U.S. ... pay their mortgages," Zoellick told reporters. "Some banks are going to continue to be troubled ... ones, he said. "It's important for central bankers to be thinking about that, but there ...

  • QNB Al Islami announces extension to its salary transfer campaign 12 Nov 2009 06:10 GMT
    ... steadily grown to be among the largest banks in the region and is by far ... with a market share approaching 40% of banking sector assets. QNB offers a full range ... including branches in Yemen, Oman Kuwait & Singapore as well as Representative Offices in Iran ...


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