Singapore Exchange sets sights on China

Singapore Exchange sets sights on China

May 9, 2014

Max Mason

Singapore Exchange chief executive Magnus Böcker says he is unlikely to make a second run at a merger with the ASX, and will instead focus on China after Singapore became just the second place able to have Chinese companies list directly on its exchange. Read more of this post

China is cheapening the yuan for scarier reasons than usual

China is cheapening the yuan for scarier reasons than usual

By Gwynn Guilford @sinoceros May 9, 2014

The sharp drop in the yuan’s value that started in mid-February 2014 has riled up US government officials who suspect that the People’s Bank of China is helping Chinese exporters at the expense of everyone else. But it has remained a bit of a mystery who was actually behind that drop—the PBoC or traders. Read more of this post

Why did hog giant’s IPO fail to entice investors?

Why did hog giant’s IPO fail to entice investors?

2014-05-07 18:59:22

Peter Fuhrman is chairman, founder and Chief Executive Officer of China First Capital,

During the world’s biggest probate dispute a few years ago, a fascinated audience learned that Nina Wang, the late chairwoman of Hong Kong real estate developer Chinachem, paid $270 million to her feng shui adviser (and lover) to dig lucky holes. As many as 80 of them were dug around Wang’s properties to improve her fortune. Read more of this post

China’s property developers face uphill battle; Among the 117 developers listed on the Shanghai and Shenzhen stock exchanges, 61 posted shrinking profits or even losses for the first three months

China’s property developers face uphill battle

05-08 21:10 Caijing

Among the 117 developers listed on the Shanghai and Shenzhen stock exchanges, 61 posted shrinking profits or even losses for the first three months Read more of this post

Industrial Policy Reconsidered

ANDRÉS VELASCO

Andrés Velasco, a former presidential candidate and finance minister of Chile, is Professor of Professional Practice in International Development at Columbia University’s School of International and Public Affairs. He has taught at Harvard University and New York University, and is the author of numerous studies on international economics and development. Read more of this post

Boom times for bank trading have gone, and may never come back

Boom times for bank trading have gone, and may never come back

11:40am EDT

By Jamie McGeever

LONDON (Reuters) – The boom years of financial market trading, when banks made unprecedented profits from bonds, currencies and commodities, may be over for good as financial firms realize there will be no cyclical upswing on their dealing desks. Read more of this post

Canada’s next housing bubble: real estate agents

Canada’s next housing bubble: real estate agents

Garry Marr | May 9, 2014 | Last Updated: May 9 6:12 PM ET
The housing boom has not only resulted in record real estate prices, it has spawned an unprecedented number of realtors. Read more of this post

Banking secrets in jeopardy? Landmark ruling threatens financial industry’s confidential dealings

Banking secrets in jeopardy? Landmark ruling threatens financial industry’s confidential dealings

Theresa Tedesco | May 9, 2014 | Last Updated: May 9 9:16 PM ET
The impenetrable cloak of confidentiality between Canada’s major financial institutions and the country’s top financial watchdog is in jeopardy in the wake of a decision by a Quebec court that could dramatically alter the regulatory regime. Read more of this post

Harim, Korea’s largest poultry processing firm, goes global

Updated : 2014-05-11 15:17

Harim goes global

Poultry processing firm expands in US, China, Southeast Asia
By Lee Hyo-sik

Harim, Korea’s largest poultry processing firm, has been pursuing a two-track growth strategy . Read more of this post

Bank must burst housing bubble

Bank must burst housing bubble

Force buyers to find bigger deposits, says OECD think tank, to slow booming market that could put economic recovery at risk

Would-be housebuyers should have to put down bigger deposits and George Osborne’s Help to Buy scheme should be cut back, the Organisation for Economic Co-operation and Development said Read more of this post

‘Conglomerates should lead K-food drive’

Updated : 2014-05-09 18:33

‘Conglomerates should lead K-food drive’

By Kwon Ji-youn
Food “hallyu” (Korean wave), or K-food, has only just begun, according to star chef Edward Kwon.
“And this is going to be a long battle,” Kwon told The Korea Times in a recent interview. “It’s not something a chef can do on his or her own.” Read more of this post

Chinese investors are rushing to open accounts with Korean banks on Jeju Island

Updated : 2014-05-09 17:15

Chinese investors eye Jeju Island

By Yi Whan-woo
Chinese investors are rushing to open accounts with Korean banks on Jeju Island.
Real estate developers from the world’s second-largest economy are attracted by a series of land development projects on Korea’s southernmost resort island. Read more of this post

Major Korean conglomerates are realigning their businesses to cope with the increasing risk and unpredictability of the rapidly changing global market

Updated : 2014-05-09 17:15

Conglomerates realign businesses

By Yi Whan-woo
Major Korean conglomerates are realigning their businesses to cope with the increasing risk and unpredictability of the rapidly changing global market. Read more of this post

Korean food firms going global; More than 70 percent of overseas sales made by the country’s top five food companies were made in Asian countries last year

Updated : 2014-05-08 18:57

Food firms going global

By Park Ji-won
More than 70 percent of overseas sales made by the country’s top five food companies were made in Asian countries last year, according to a research firm, Tuesday. Read more of this post

Malaysia’s jet, Korea’s ferry tell larger stories

Malaysia’s jet, Korea’s ferry tell larger stories

BY WILLIAM PESEK

MAY 5, 2014

There are no ideologues in a financial crisis, former Federal Reserve Chairman Ben Bernanke once said. Clearly the same doesn’t hold true for political crises, as a comparison of Malaysia and South Korea very quickly reveals. Read more of this post

Is Modi too big a man for India?

Is Modi too big a man for India?

BY KEVIN RAFFERTY

SPECIAL TO THE JAPAN TIMES

MAY 5, 2014

OSAKA – There is the widespread notion in India and abroad that, although voting goes on until May 12, it is all over bar the counting and the celebratory announcement of the results: Narendra Modi, the controversial leader of the Bharatiya Janata Party and chief minister of Gujarat state, is all set to become the next prime minister of India. Read more of this post