GIC-backed Li Ning posts steeper-than-expected $318M loss
(26 Mar) - Chinese sportswear group Li Ning Co Ltd reported on Tuesday a steeper-than-expected 1.98 billion yuan ($318.8 million) loss for 2012, its first annual loss since it listed in 2004, hit by inventory charges and fierce competition from domestic and foreign brands. The result compared with a profit of 385.8 million yuan...
Indian FT fired from Barclays now under investigations
(26 Mar) - Barclays Plc dismissed a Singapore- based private banker and is helping authorities investigate potential wrongdoing affecting clients’ assets. The banker was fired on Feb. 6 and the company is working with the white-collar crime investigation agency of the Singapore police force to probe the matter, according to...
Be wary of rising China, says Lee Kuan Yew
LEE Kuan Yew, the retired Singapore leader who remains hugely influential in Asia, insists in a new book that the US will revive economically and strategically -- and he expresses concern about China's rise. He says "America's core interest requires that it remains the superior power" in the region, which is subject to a 21st-century...
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