The tiny island’s banking crisis will inevitably drive high-net-worth money to the exits, with Singapore in particular among those well placed to fill the gap, writes Scorpio Partnership.
Tag : bailout
Squillions? Gazillions? The new numbers being tossed around are beyond visualisation, but passing on debt is just a conjuring trick, argues macro investor Geoffrey Barker.
Widespread rate cuts also imply that the global economy is slowing down, with negative implications for Asia's export-dependent markets.
Now that the US Senate has passed the bailout bill, everyone affected by the current turmoil in US financial markets is waiting to see whether the House of Representatives will finally drop its objections and pass the legislation.