UBS asks Singapore court to seal cases of two fired traders
(26 Mar) - UBS AG has filed an application to the Singapore High Court asking that two cases be sealed involving traders fired as part of the bank's investigation into reference rate manipulation. The request for seals underscores the highly sensitive information within the cases, which stem from a global crackdown on banks...
The Singapore romancing of quality growth
Singapore MARCH 25 — In recent years the buzz word from the Singapore government has been “inclusive growth”. In Budget 2013 this has been substituted with “quality growth”. Deputy Prime Minister Tharman Shanmugaratnam has clarified that quality growth means growth that benefits workers through better jobs and higher...
GIC-backed Li Ning posts steeper-than-expected $318M loss
(26 Mar) - Chinese sportswear group Li Ning Co Ltd reported on Tuesday a steeper-than-expected 1.98 billion yuan ($318.8 million) loss for 2012, its first annual loss since it listed in 2004, hit by inventory charges and fierce competition from domestic and foreign brands. The result compared with a profit of 385.8 million yuan...
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