Search Results for: Singapore
China Construction Bank Extends Use of Catena TRACE for FX Derivatives Trade Reporting Using Hosted Platform
March 23rd, 2015
Catena Technologies Pte Ltd today announced that China Construction Bank has extended its use of Catena’s TRACE™ system to report foreign exchange derivatives to the Monetary Authority of Singapore. Along with the extended use for FX, the bank will ...
Noble Group Ltd Sues Former Credit Analyst After Iceberg Reports
March 23rd, 2015
Noble Group Ltd., Asia’s largest commodity trader by revenue, sued a credit analyst it says it fired in 2013 for conspiracy to injure the company by anonymously spreading false and misleading information this year. Arnaud Vagner and a Seychelles ...
Asian markets up after Wall Street gains
March 23rd, 2015
Asian stock markets rose Monday following Wall Street’s gains amid expectations global central banks will hold off raising interest rates. KEEPING SCORE: The Shanghai Composite Index rose 1.2 percent to 3,659.11 points and Tokyo’s Nikkei 225 gained 1.1 percent ...
Switzerland, EU to tackle tax evasion
March 20th, 2015
Bern and Brussels have clinched a deal to exchange bank account data in an effort to tackle tax fraud. The agreement comes after a recent report exposed the global economic damage caused by offshore accounts. Switzerland and the European ...
Secrets ending for Swiss bank accounts
March 20th, 2015
European tax evaders might soon have to hide their cash in mattresses instead of secret Swiss bank accounts. Switzerland has agreed to start sharing financial information with the European Union, making it much harder for Europeans to hide wealth ...
World’s First Self-Directed, Gold-Backed Currency Mechanism
March 17th, 2015
Global Payout, Inc. (OTC Pink: GOHE), a leading provider of international electronic payment solutions, announced today that it has completed the formation of a joint venture that will launch the world’s first, self-directed, and gold-backed currency hedge mechanism in ...
Investor Group to Buy GE Capital’s Australia, New Zealand Consumer-Lending Unit
March 16th, 2015
Investors include KKR, Deutsche Bank, Värde Partners, in one of biggest deals in Asia-Pacific this year In one of the biggest deals in the Asia-Pacific region so far this year,General Electric Co. agreed to sell the consumer-lending business of GE Capital ...
SGX expands FX footprint with new Asian currency futures
March 11th, 2015
Singapore Exchange (SGX) will add new Asian currency futures contracts on the Taiwanese dollar (TWD/USD) and Renminbi crosses (SGD/CNH, CNY/SGD, EUR/CNH) to expand its current suite of foreign exchange (FX) futures in the third quarter of 2015, subject to ...
China Prepares Mergers for Big State-Owned Enterprises
March 11th, 2015
Plan seeks to make firms more profitable but tightens government’s grip China’s leadership is preparing to radically consolidate the country’s bloated state-owned sector, telling thousands of enterprises they need to rely less on state life support and get ready ...
China Economic Data Weaker Than Expected
March 11th, 2015
Growth in China’s investment, retail sales and factory output all missed forecasts in January and February and fell to multi-year lows, leaving investors with little doubt that the economy is still losing steam and in need of further support ...
