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Archive for the ‘Business’ Category
Singapore profiting from Swiss banking secrecy ratline

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

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 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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