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Archive for the ‘Business’ Category
Bankers warn on Singapore shake-up

Bankers warn on Singapore shake-up

Bankers warn on SG shake-up (Nicky Loh - Getty Images) (29 Aug) – Intense competition, a tendency for wealthy Asians to use multiple private bankers and high staff costs are likely to force consolidation in the wealth-management business in Singapore and could push operators out of business, top private bankers have warned. Signs... 

Singapore dollar: the next currency to fall?

Singapore dollar: the next currency to fall?

SG dollar - the next currency to fall? Tarek El Sombati | E+ | Getty Images (29 Aug) – Even the Singapore dollar, underpinned by a robust economy, has failed to escape the pressure facing its regional peers. The currency has fallen more than 2 percent against the U.S. dollar from a two-month high hit just over two weeks... 

Indian IT firm accused of discriminating against ‘stupid Americans’

Indian IT firm accused of discriminating against ‘stupid Americans’

Senator Durbin brands the top Indian IT companies as outsourcing firms. Infosys favored Asians in hiring, alleges suit seeking class action status. (6 Aug) – Infosys, an Indian IT software and services company with offices throughout the world, has been accused of discriminating against American job applicants. One Infosys... 



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