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Archive for the ‘Business’ Category
Bank probes find manipulation in Singapore’s offshore Foreign Exchange market

Bank probes find manipulation in Singapore’s offshore Foreign Exchange market

Reuters- Jan 27, 2013 Internal reviews by banks in Singapore have found evidence that traders colluded to manipulate rates in the offshore foreign exchange market, according to a source with knowledge of the inquiries. The discovery widens a global lending rate scandal into new markets, as fallout from the Libor case puts banks... 

Singapore Airlines: Will Ask 76 Pilots to Leave Before Contracts Expire

Singapore Airlines: Will Ask 76 Pilots to Leave Before Contracts Expire

Fox Business- January 30, 2013 The pilots are likely to leave by June 30, Singapore Airlines said in a statement. It said it had previously released pilots only when contracts expired. The airline said it has a pilot surplus because the global financial crisis of 2009-10 left it with excess capacity and slower-than-expected... 



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