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AsiaSqueezed banks take fight to ChinaSubmitted by cahn on 27 October, 2008 - 1:13pmSingapore's United Overseas Bank, losing ground at home as HSBC Holdings and Citigroup expand, is seeking growth in China. Its biggest competitors there: HSBC and Citigroup. "I'm not sure what advantages Singapore banks have," said Ho Kok Hua, fund manager at APS Asset Management in Singapore. "The opportunities in China are overblown. Competition is going to be very intense, and profitability will be a problem for most." »
Philippines mandates as Metrobank pricesSubmitted by cahn on 27 October, 2008 - 1:13pmThe Republic of the Philippines mandates three banks for a $500 million offering as the country's first public subordinated debt issue is priced. After requesting that banks submit ideas for a new dollar bond, the Department of Treasury mandated three houses yesterday (Wednesday) for a $500 million 10-year deal. HSBC, Salomon Smith Barney and UBS Warburg won the books for an offering, which may launch as soon as today. In the meantime, Metrobank successfully completed the Republic's first public subordinated debt transaction yesterday under the lead of UBS Warburg. »
Currency controls unlikely to end soonSubmitted by cahn on 27 October, 2008 - 1:13pmChina is not ready to relax its rigid foreign exchange regime, despite a landmark stock market reform next month that could trigger an influx of overseas cash, economists said yesterday. The imminent launch of a long-awaited scheme that allows qualified foreign institutional investors (QFII) to buy yuan-denominated A shares has prompted overseas foreign exchange markets to price in a more flexible and stronger yuan. »
Time to go on holiday to Australia for all Japan residents - you are 20% richer todaySubmitted by cahn on 24 October, 2008 - 10:59pm
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Day of Reckoning #2: 24 Oct 2008Submitted by cahn on 24 October, 2008 - 10:56pm
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What did I say then?Reign of the 'chaos-maker' | FTSubmitted by cahn on 13 March, 2003 - 8:58pm
Mr Yun, an unimposing and gently spoken 59-year-old, is the man credited with transforming part of South Korea's biggest company from a struggling producer of cheap electronics into one of the world's best-performing and most respected IT companies. »
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Yun Jong-yong (pictured), may not be as well known as Bill Gates, Larry Ellison, Michael Dell or Carly Fiorina but any list of the most powerful people in the information technology industry would be incomplete without the chief executive of Samsung Electronics.