Updates on Singapore News on recent Financial Turmoil
September 24th, 2008 by ALVIN SOONG
For those who recently wants to know about the reasons behind the recent Fianancial Turmoil with AIA, and other banks, please read this, go to link:
http://freakonomics.blogs.nytimes.com/2008/09/18/diamond-and-kashyap-on-the-recent-financial-upheavals/
Other Summarised News:
- Singapore projected to drop to 4% economic growth. Possible recession coming
- Naked Short Selling Banned. US injected $700B to aid financial market. Fed US Ben Bernake recommended to learn from Japan’s crisis in 1990s to use public money and the effect of lowering bank interests to aid ecomony
- Singapore GIC still make money 7% despite drop is UBS and Citigroup





