Archive : Market

The rogue trades that cost UBS US$2.3 billion (S$3 billion) have turned attention to certain trading instruments that may carry risks unique to Asia.Banks across the region, which have been busy peddling Asia-focused exchange-traded funds (ETFs), are now scrambling to ensure that similar nasty surprises...

BEIJING – More Chinese cities saw the prices of new homes fall in July compared with the previous month, official data showed Thursday, as Beijing stepped up efforts to cool the booming property market.The cost of new apartments in 14 out of 70 Chinese cities tracked by the government declined...

Asian stock markets plummeted on Friday morning following carnage in the US and European markets amid fears the world was heading towards another financial crisis. Major markets in Japan, Hong Kong, Australia and South Korea tumbled as already-fragile investor confidence was hammered by more weak US...

WASHINGTON – The House of Representatives on Monday approved a last-gasp deal to raise the US borrowing limit in a decisive step toward averting a catastrophic debt default by the world’s largest economy.A day before the deadline to lift the debt ceiling, the passage by the Republican-controlled...