GIC’s investee company UBS plans to cut up to 10,000 jobs
(Financial Times, Oct 27) - UBS will unveil a split of its struggling investment bank next week in a move that will prompt the loss of up to 10,000 jobs across the Swiss banking group. Switzerland's biggest bank by assets will bring large parts of its fixed income trading business into a non-core unit leaving a reduced investment...
Democrats organising major fund-raising event
Nothing beats the feel-good, get-together spirit of a community aka the kampung spirit. And the Singapore Democrats want to re-kindle that very Singaporean tradition. That's why we warmly invite you to join us at the Kampung Kook-Off on 25 November 2012, Sunday, in a first-ever, fun-filled food-fair organised by the opposition. But...
China condemns NY Times Wen Jiabao wealth story ‘smear’
(26 Oct) - China has condemned as a "smear" a New York Times report saying Premier Wen Jiabao's relatives have accumulated billions of dollars. The article said Mr Wen's family members "have controlled assets worth at least $2.7bn (£1.7bn)". A Foreign Ministry spokesman said the report had "ulterior motives". Both the NYT's...
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