Goldman, Temasek investing $110m in a China online literature platform
(10 Jul) - Cloudary Corp, an online literature platform owned by interactive media giant Shanda Group - said on Tuesday that it raised about $110 million through private placements from Goldman Sachs Investments Holdings (Asia) Ltd and Singapore-based investment company Temasek Holdings. The two sides did not reveal the specific...
Singapore suicide rate at all-time high
Suicide rates in Singapore hit an all time high in 2012 according to a local charity group. (AFP, 12 Jul) - Suicide rates in Singapore hit an all time high of 487 in 2012 according to a local charity group dealing with the problem. The Samaritans of Singapore (SOS) say there has been a 29 per cent increase since 2011 as more...
Analysis – Asian stress points unveiled as Fed tapering looms
(Reuters, 11 Jul) - The panic that rippled through Asia's markets in May and June might just be a prelude to a more serious capital flight when the U.S. Federal Reserve starts winding down its stimulus measures for real. How quickly the U.S. Federal Reserve reduces its $85 billion (56.63 billion pounds) a month of bond purchases,...
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