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 employee...
Why Moody’s downgraded S’pore banks
(6 Aug) - Last week I read a rather disturbing story in the financial news. According to the article Moody's, the rating agency, downgraded Singapore's banking sector from "stable" to "negative." Singapore? Last September I wrote about problems with banks in several emerging markets, but Singapore was not on the list. It has...
S’pore loses much more than Indonesia in DBS decision
(2 Aug) - The sudden changes in the bank ownership rules made by Bank Indonesia only three months after Singapore’s DBS Bank announced in April 2012 its plan to acquire Bank Danamon, the sixth largest bank in the country, caused the deal to collapse on Wednesday. DBS, Southeast Asia’s largest bank by assets, announced it...
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