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2010-09-03 05:10
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Are You Financially Savy?

Posts Tagged ‘Call’

Weekly Market Wrap

In currencies, trading saw more turbulence in the Euro Zone thanks to Greece’s second credit downgrade and a negative call out of Moody’s on the Irish banking system. Safe-haven flows out of peripheral debt weighed on the euro throughout the week, while year-end repatriation flows further aided dollar sentiment. Stresses…

Alert staff at bank and remittance firm foil kidnap scam

A KIDNAP scam was thwarted by alert staff from a bank and a remittance company who promptly called the police on Monday afternoon.

Police said that the victim, a 55-year-old housewife, received a call at about 2.30pm while she was at home, from a male caller who spoke to her in Mandarin.

In the background, the victim said she heard what sounded like her 27-year-old son screaming for help befor… more

Pay cut at 60 option stays, but bosses urged to be fair

The Government will not remove employers’ legal option to cut a worker’s pay at age 60, but Manpower Minister Gan Kim Yong wants bosses to show fairness and flexibility.
Weighing in on the issue after the labour movement’s call to review the longstanding practice, he agreed yesterday that companies should not automatically resort to a 10 per cent salary cut – the maximum allowed by law – without c… more

Pledged shares: CFA for better disclosure rules

(SINGAPORE) When it comes to pledged shares and margin loans, disclosure rules that require directors to make a judgment call are inadequate, the CFA Institute Centre for Financial Market Integrity said.
In a paper released yesterday, the CFA Institute Centre urged for higher disclosure standards in this area across Asia-Pacific stock exchanges.
Directors are the ones tasked with deciding whether… more

Markets step into Sept with fingers crossed

(SINGAPORE) Call it the Hungry Ghost effect, if you will. But it seems that September has historically been a ‘cursed’ month for stock markets.
For example, it was in September last year that 158-year-old Lehman Brothers collapsed and everything fell apart.
Then there was the 1997 Financial Crisis, which began in late August, and got worse in September.
Black Monday of 1987 came after stocks sta… more

Ron Paul’s bipartisan attack on the Fed

Rep. Paul wants to audit the Fed primarily because he wants to destroy it; the audit bill is just the latest chapter in his lifelong crusade against it.Ron Paul’s legislative history is a lesson in principled failure. But he has galvanized support in the House over with his recent call for an audit of the Federal Reserve.


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