Recent Posts

Thai police find unexploded devices

  Bangkok / AFP Thai police discovered unexploded bombs in three top tourist destinations over the weekend as they searched for clues to a wave of blasts that rocked resort areas and killed four last week. No one has claimed responsibility for the bombing spree, which hit seven southern provinces on Thursday and Friday and left dozens wounded, including European tourists. ...

Read More »

Carney to ignore inflation overshoot

  London / Bloomberg Bank of England (BOE) Governor Mark Carney isn’t finished yet. Economists in a Bloomberg survey predict another interest-rate cut in November, adding to the stimulus unveiled this month, even as they see UK inflation busting through policy makers’ 2 percent target just months later. The survey also puts the probability of Britain sliding into a recession ...

Read More »

Hong Kong court rules against OCBC unit

  Hong Kong / Bloomberg Hong Kong’s High Court ruled against Oversea-Chinese Banking Corp.’s (OCBC) private bank in a mis-selling case, saying the unit and a relationship manager had breached their contractual duty towards an elderly couple who lost money on investments made with ING Asia Private Bank. In a court judgment dated Aug. 8, the court said Bank of ...

Read More »
Send this to a friend