Singapore profiting from Swiss banking secrecy ratline
The Middle East, Monaco, Singapore: Who’s Benefitting From the Swiss Banking Secrecy Ratline? says Ian Allison (Photo: Reuters) I asked a professor of economics from a well-known university in Switzerland where the money leaving his country's coffers might be heading. "I'm not a detective and neither am I psychic," he replied. The...
JPMorgan said to pay US$75K p.m. to Wen Jiabao’s daughter
Wen Ruchun, the daughter of former Chinese Prime Minister Wen Jiabao, who also used the name Lily Chang. (Photo: The New York Times) (15 Oct) - To promote its standing in China, JPMorgan Chase turned to a seemingly obscure consulting firm run by a 32-year-old executive named Lily Chang. Ms Chang’s firm, which received a...
China seeks world role for its yuan currency
China seeks world role for 'people's money' (6 Oct) - With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar. The most attention-grabbing reform planned for Shanghai's new free trade zone is free convertibility...
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