Blog Archives

Temasek digs into a big bite of Standard Chartered | Banking Insight

The Singapore Government’s International investment fund, which bought into some Chinese banks and Citi and Stan Chart during the crisis is having serious rethink of its investment in Emerging market prince Standard Chartered. meanwhile, “big brother ” GIC which invested

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Posted in Amitonomics, Banking, Retail Lifestyle, US

Global Mid-Day report: FOMC minutes, London close downward trigger

Equities and Commodities are likely to continue reacting sharply in US markets after the minutes from the June 19,20 meeting were released. The FOMC had shorn US growth projections to 2.3-2.5% in the long term at the meeting and though

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Posted in Amitonomics, Bailout Nation, Banking, housing, Retail Lifestyle, US

Global moves: Singapore production outshines, Dollar retreat from Asia begins?

The Singapore Dollar has come back from below $1.2650 to above $1.28 to the US Dollar in the last 5 days as the Asian currencies have given to the US Dollar and the Dollar Index gets ready for a big

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Posted in Amitonomics, European Sovereign Debt crisis, Financial Markets, Financial Services, Global, US

Global Economics: A championship belt for the Euro and a pounding for the world

Of course the Euro will survive, even though German manufacturing and thus EU manufacturing indices are at an all time low falling to 45, even below China for the better part of one year now. but then this column is

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Posted in Amitonomics, Banking, China, Financial Markets, Financial Services, Global, India, US

Bank Results Season: Standard Chartered effectively neutralised in Asia? (Q1 2012)

The Temasek controversy apart ( Aside: This is not much of a controversy really, The investor wanted to hold $10 bln worth of Stan C shares and we assume and hope that Stan C will find ADIA or other bidders

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Posted in Amitonomics, Banking, Europe, Global, India Infrastructure

Meet the Volckers Marathon Pt IV – Welcome to Singapore

Editor’s Note: FX Swaps and Forwards are exempt from the clearing reqt in both US and Singapore. Another choice allowing  Central governments, central banks and supranational institutions such as the International Monetary Fund to be exempted from the requirements is promising

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Posted in Financial Markets

Bloomingdale, Saks gets a shopping visa | Shopper Insight

Bloomingdales, Saks and Macys scored on the fortunes of Chinese Luxury shoppers used to the crowds of Hongkong and Singapore or the relative luxury of Paris and Rome. The new year began with Barack Obama, giving a deadline to the

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Posted in Financial Markets

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Related Reading: Behind the Beautiful Forevers: Life, Death, and Hope in a Mumbai Undercity Someday, Someday, Maybe: A Novel The Apple Orchard The Science of Hitting The Summer of Beer and Whiskey: How Brewers, Barkeeps, Rowdies, Immigrants, and a Wild

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Posted in Financial Markets

US Economy: ISM Manufacturing PMI at 54.1

Production sub index jumped to a 59.9 in the December report and understandably got a subdued 55.7 in today’s report. With Seasonally adjusted 53.1 for ISM in December 2011, the increase is well earned by the Economy, new orders sub

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Posted in Financial Markets

ING to sell $6 bln Asian operations | Executive Insight

The insurance assets have to be separated from banking as per a covenant with the Dutch government. additionally ING has to reurn $5 bln to the Dutch government before it is allowed to pay Dividend. The Asian operations are spread

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Posted in Banking, China, Financial Markets, Financial Services, Global, Investments