For breaches relating to the scandal-hit Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB), Singapore’s central bank has fined Credit Suisse and United Overseas Bank (UOB), it said in a statement on Tuesday. A 700,000 Singapore dollars ($505,000) fine on Credit Suisse and a 900,000 Singapore… Read More ›
Day: May 30, 2017
A Tune-Up Would Do Good For Israel’s Resilient Economy
The two faces of the country’s economy were underlined in a report on the socioeconomic situation in Israel published on Sunday. Underlying issues, including persistent high poverty levels and inequality may, if not addressed, negatively affect economic growth, which stood… Read More ›
U.S. – South Korea conduct joint air drill to avert war with North Korea
The joint drill, a stark warning to North Korea, is pregnant with economic consequences for North Korea’s immediate neighbours. In what is likely to be a veiled warning to its warring neighbor, On Tuesday, South Korea disclosed that it had… Read More ›
The UK is at an economic crossroad with Britons deciding which path it will take on June 8
The surprise revelations of her tax strategy vis-à-vis the elderly in Britain is telling. It is better for Britons to know all of her Trojan Horse revelations before the polls then after. In an interesting turn of events, British voters… Read More ›
U.S. crude touches new high of $50 a barrel
With the ‘summer driving’ season set to officially kick off on Memorial Day holiday, U.S. crude futures are peaking. However the international benchmark Brent crude futures prices have largely remained unaffected by this localised event. With a strong start to… Read More ›