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Woman, 92, sues bank for freezing her $8.9 million - Electric New Paper
But OCBC Bank would not let 92-year-old Hwang Cheng Tsu Hsu withdraw her money, and has frozen her accounts. The bank feels that she might not have the mental capacity to make such decisions, and that it is duty-bound to take reasonable care to ...
Posted Date: Thu, 20 Nov 2008 21:36:00 GMT

RPT-DEALTALK-CVC, other private equity firms taking hits in Asia - Reuters
HONG KONG, Nov 20 (Reuters) - It's been a tough stretch for the Asian portfolio of CVC Capital Partners, a large private equity firm that is taking hits from all parts of the region. The firm recently failed to dispose of Amtek Engineering, the ...
Posted Date: Thu, 20 Nov 2008 22:11:00 GMT

HKMA appoints manager for Dutch bank's HK unit - Forbes
HONG KONG, Nov 14 (Reuters) - Hong Kong's central bank said late on Thursday it had appointed Derek Lai of Deloitte Touche Tohmatsu as manager of Indover bank (Asia) Limited (IBHK), a wholly owned unit of troubled Netherlands-based De Indonesische ...
Posted Date: Thu, 13 Nov 2008 23:53:00 GMT

Dollar weaker as Japan exports fall - The Age
The Australian dollar has opened more than two US cents weaker, hitting a four-week low, as the sharpest fall in Japanese exports since 2001 convinced investors an economic slowdown would hit Asia. Currency experts say the Reserve Bank of Australia ...
Posted Date: Thu, 20 Nov 2008 20:53:00 GMT

Fresh worries over Asia’s sliding currencies - Financial Times
Emerging market currencies in Asia came under renewed pressure on Thursday, with the South Korean won and the Indonesian rupiah falling to their lowest levels since the Asian financial crisis of 1998. Analysts said that fears over a sharp slowdown in ...
Posted Date: Thu, 20 Nov 2008 22:54:00 GMT

China, India, Korea, Singapore, Taiwan: Asia Local Bond Preview - Bloomberg
Nov. 21 (Bloomberg) -- The following events and economic reports may influence trading in Asian local-currency bonds today. Yields are from the previous session. China: The government will today sell 22 billion yuan ($3.2 billion) of seven-year bonds ...
Posted Date: Thu, 20 Nov 2008 22:11:00 GMT

Mobile banking prospects seen better in Asia - PhysOrg
Polillo, a remote island in the northeastern Philippines with poor road infrastructure and no public transport, is set to get a taste of mobile banking long before the developed world does. Faced with a desperate need for money transfers after its ...
Posted Date: Thu, 20 Nov 2008 23:02:00 GMT

World stocks plunge to 5-1/2-year lows - Manila Bulleting Online
LONDON, Nov. 20 (Reuters) – World stocks dropped to 5-1/2-year lows and oil hit 22-month troughs as investors reacted to dire Federal Reserve warnings on the economy and fears about the viability of major US auto makers and bank giant Citigroup ...
Posted Date: Thu, 20 Nov 2008 22:40:00 GMT

Swiss National Bank Surprises Market, Slashing Rates 100bp - DailyFx
Nov 20 - Swiss National Bank Surprises Market, Slashing Rates 100bp Nov 20 - Forex Trading Signals Update: Volatility Has Dropped, Look to Range Trading Strategies Nov 20 - US Growth Outlook Hits Worst Streak Late 80's, Philly Manufacturing Lowest ...
Posted Date: Thu, 20 Nov 2008 22:47:00 GMT

Bank Layoffs Reach Hong Kong and Tokyo - Wall Street Journal
HONG KONG -- As the global financial crisis continues, banks are laying off hundreds of employees in Asian financial capitals Hong Kong and Tokyo. So far this year, Asia had been spared the brunt of world-wide layoffs, but more jobs are coming under ...
Posted Date: Thu, 20 Nov 2008 22:54:00 GMT