Singapore man gets 14 years in jail for Ponzi-style scam
Singapore - A Singapore court on Wednesday sentenced a fraudster who cheated 13.4 million Singapore dollars (10.3 million US dollars) out of investors in a Ponzi-style scam to 14 years in jail, a media report said. Lee Hock Chye, also known as Jon, 3...
[Posted on :
2009-11-18 ] Category : [
Finance (General) ]
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Taiwan signs financial pact with China
Taipei - Taiwan signed a financial service agreement with China late Monday in a long-awaited move to boost cross-strait financial investments in the future. Our two sides signed the financial memorandum of understanding at the same time on Monday, ...
[Posted on :
2009-11-16 ] Category : [
Finance (General) ]
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IMF chief predicts stronger Asian currencies
Singapore - The head of the International Monetary Fund (IMF) on Friday predicted a revaluation of major Asian currencies against the dollar as a rebalancing of the world's economy gets underway. I expect that in the coming years the revaluation o...
[Posted on :
2009-11-13 ] Category : [
Finance (General) ]
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Taiwan bars foreign investor money in time deposits
Taipei - Taiwan on Tuesday barred foreign investors from putting money in time deposits in a bid to prevent currency speculation and to channel foreign funds into the stock market. Under the bank taking immediate effect, foreign investors cannot put ...
[Posted on :
2009-11-10 ] Category : [
Finance (General) ]
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IMF recommends Iceland keep currency controls
Reykjavik - The International Monetary Fund (IMF) has recommended Iceland maintain currency controls for the time being in order to ensure a stable currency, according to a report released Tuesday. The Icelandic central bank published the 98-page rep...
[Posted on :
2009-11-03 ] Category : [
Finance (General) ]
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Norwegian central bank raises rate to 1.50 per cent
Oslo - Norway's central bank on Wednesday raised its benchmark interest rate by 0.25 percentage points to 1.50 per cent, citing slightly higher inflation and signs of economic recovery. Unemployment is considerably lower than previously projected. T...
[Posted on :
2009-10-28 ] Category : [
Finance (General) ]
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