“Time and again experts have warned that oil and gas deposits will soon be depleted,” he said at the Singapore Energy Summit.
The government yesterday reported an 18.1% surge in gross domestic product in the first half, unprecedented in data going back to 1975. Record tourist arrivals are benefitting companies from Singapore Airlines to casino operator Las Vegas Sands Corp., while a two-year-low jobless rate has helped spur a 38% jump in house prices in the past 12 months.
Higher-than-expected Singapore April CPI unlikely to prompt MAS to tighten policy as shaky global economic recovery weighing on commodity prices, oil in recent weeks, says Standard Chartered economist Alvin Liew, according to Dow Jones.
Singapore’s central bank proposed tighter rules for hedge funds managing assets below $250 million, requiring them to have a minimum capital and two representatives residing in the city state.
Regulators around the world are tightening rules that will increase scrutiny of hedge funds and heighten oversight of derivatives in the wake of the global financial crisis.
Expect MAS to return to “policy of ‘modest & gradual’ currency appreciation” at April meeting, HSBC economist Robert Prior-Wandesforde says, according to Dow Jones but notes decision is likely to be close call.
From its executives being charged for privacy violations in Italy, to formal complaints from Microsoft-supported entities in Brussels and Google’s joust with China over a hack, Google is facing adversity from many fronts in the first two months of 2010. Moreover, many adversaries want to paint Google as the next Microsoft. This is probably not the start to the year the company envisioned, but Google has to deal with each issue with care lest it suffer additional blows to its image, let alone its business.
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News Analysis: When you’re the hottest team in town,
everyone is gunning for you. No, we’re not talking about Major League
Baseball’s defending world champion New York Yankees, even as we look forward
to the 2010 baseball season.
We’re talking about Google. Through the first two mo…
In the roughly 12 months since the McColo shutdown caused a short but dramatic drop in spam, botnet operators have changed tactics to minimize the impact of authorities shutting down their ISPs. Security researchers discussed how with eWEEK.
– In the year since the shutdown of notorious Web hosting firm McColo,
spammers are growing strong. In fact, researchers at McAfee reported
that spam accounted for 92 percent of e-mail in the second quarter of
2009.
Part of this is the result of improvements by botnet operators. Like
anyone who…
