Proceeds from the three-year term loan will be for general corporate use, DBS said in an e-mailed statement today.
The Singapore-based bank favors Asian bonds, with the exception of Japanese bonds, in the long term, according to a statement ahead of a press briefing in Taipei today.
Alan Greenspan told the Council of Foreign Relations last week:Fiat money has no place to go but gold.Greenspan also said that supply and demand explanations treating gold like other commodities “simply don’t pan out.”Greenspan also spoke of how, …
Benchmark stock indexes advanced across the Asia-Pacific region after Singapore today said gross domestic product rose at an 18.1% pace in the first half of the year, prompting the government to raise its 2010 growth forecast. Greece yesterday sold bonds at a rate lower than it pays for European aid, easing concern about Europe’s debt crisis.
In an important post today, former chief Merrill Lynch economist David Rosenberg writes:When we had the post-Lehman collapse, gold fell from $900 to $720 an ounce but it still managed to outperform other commodities and rise in many other currencies,…
As I have previously pointed out, gold has done very well against the dollar, but not so well against other currencies.Rhona O’Connell provides the following charts to help visualize gold’s recent performance in terms of various currencies (charts cou…
Given that countries world-wide have been running their printing presses night and day, are investors starting to get nervous about all currencies?Well, George Soros said at a conference the other day: There is a general flight from currencies.And Andy…
Robert Fisk of the Independent wrote yesterday that the Middle Eastern oil producers, plus China, Japan and France have all agreed to start trading oil using a basket of currencies – including the yen, yuan, euro, gold and a new, unified currency plann…
A top investment advisor, Harry Schultz – who was MarketWatch’s Peter Brimelow pick for financial newsletter of the Year in 2008 – is now claiming:Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough …
