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Showing posts from January, 2015

Singapore Charges Forex Traders for Cheating HSBC, Deutsche Bank

Two former foreign exchange traders from HSBC Holdings Plc and Deutsche Bank AG were charged in Singapore for allegedly cheating their employers by making false trades. Bloomberg Singapore Law Watch

Local stocks: Is the glass half full or half empty?

JES places out shares to raise S$6.6 million

Shipbuilding firm JES International has placed out shares representing a 15.5 per cent stake in the company to investment holding firm Brilliant Choice International and private investor Sun Yiyi.

Blumont in share placement deal with private individual

Blumont Group has agreed to place out 100 million new ordinary shares to a “private individual investor”, at S$0.01705 apiece in a deal that will net the firm an estimated S$1.67 million after expenses.

Hong Kong Regulator Alleges Misleading Research

SFC Pursues Actions Against Moody’s, Citron WSJ

Chinese brokers punished over margin trading

China’s securities regulator deals heavy blow to three major brokerages as they are banned them from opening new margin trading accounts for three months.

Swiss franc surge rocks currency brokers, burns banks

The surprise surge in the Swiss franc left currency brokers and banks worldwide licking their wounds on Friday, with at least two brokers declaring insolvency and others warning of heavy losses.

Casualties from Swiss shock spread as FXCM drops in New York

Shares in the largest US retail foreign- exchange brokerage slumped in pre-market trading in New York as upheaval caused by a surge in the Swiss franc rippled from New Zealand to the US.

Hong Kong Lessons for enhancement of SGX enforcement powers

Much can be learned in a study on the impact of public reprimands in HK - examining their impact on stock returns and board turnover, and also on other directorships held by directors who have been reprimanded.

Trony case poses regulatory challenge

The allegations of financial misstatements made by Trony Solar Holdings mark yet another instance of a mainland company listed in Hong Kong being beyond the reach of the Securities and Futures Commission.

Solar equipment maker Trony in the dark

A forensic review of energy equipment maker Trony’s accounts uncovers three sets of books with different figures and many unanswered questions

SGX panned as a place to raise funds in 2015

Association which says it represents nearly 30 listed firms urges Singapore businesses to consider markets abroad

Advocacy group’s actions do not serve interests of small, mid-caps

Ambiguity and red herrings plague an advocacy group’s report that paints a bleak outlook for the Singapore stock market in 2015 and suggests that companies may do better raising capital overseas.

Low valuations spell consolidation for O&M sector

Analysts rule out dramatic recovery as they look at the fund-raising, takeover and privatisation landscape in the aftermath of the 2014 rout

Betting on stocks? Don’t bet on winning

Over-confidence is clouding the judgment of investors and leading them to systemic errors in their investment strategies, according to a leading local academic.

Why commodity prices are down in US but up in Europe

High rates also decrease firms’ desire to carry inventories. Think of oil held in tanks.