SINGAPORE

DBS launches investigation of Lehman-related products

DBS has said it would investigate products affected by the collapse of Lehman Brothers, and compensate clients if they can produce evidence that there was mis-selling. ... more

Six firms named S'pore's most reputable

DBS Bank, NTUC Income, American International Assurance (AIA), SingTel, Shell and BreadTalk have emerged as the most reputable companies in Singapore, according to a survey on corporate reputation released yesterday. ... more

The markets will still go on: Dr Tony Tan

THE United States would eventually recover from the current financial crisis and 'we will all survive', said Dr Tony Tan, deputy chairman of the Government of Singapore Investment Corporation (GIC). ... more

Should CEOs take ethics oath just like doctors?

Shortly after the eyeball-popping terrorist attacks of 9/11, US investors on Wall Street came under a gut-wrenching attack of another kind. ... more

ASIA

Merrill Lynch raises $2.65 bln Asia property fund

HONG KONG - Merrill Lynch has raised a $2.65 billion fund to invest in Asian real estate at a time when several funds are hoping to snap up bargain assets as the region's property markets fall. ... more

Asia money markets ease

THE cost of dollar deposits eased sharply in Asia on Tuesday alongside other signs that the fear of bank-to-bank lending was abating after governments around the world rushed out plans to bolster their banks. ... more

Prepare to lose jobs in Singapore

SINGAPORE: The 300,000 Malaysians employed in the island republic have been advised to gear up for retrenchment if the country continues to slide into a recession. ... more

Emergency aid for SMEs to weather global crisis

MALAYSIA: THE Federal Government will come out with "emergency measures" to assist small and medium-scale enterprises (SMEs) to pull through the global financial and economic crisis. ... more

WORLD

Krugman warns of recession

PRINCETON - THE world is likely headed for a deep recession despite the European-led plan to bail out banks hit by the credit meltdown, the US economist who won the 2008 Nobel prize for economics said on Monday. ... more

Trillion-euro bank rescue

BERLIN, GERMANY - GOVERNMENTS across Europe on Monday unlocked more than one trillion euros (S$2 trillion) in rescue funds for the stumbling banking sector, as world stocks soared on news of the bail-out. ... more

Bank bailout: What it means

LONDON - What does the government's ?37 billion (S$94 billion) taxpayer-funded bailout of Royal Bank of Scotland, Lloyds TSB and HBOS mean for savers and borrowers? ... more

EnnisKnupp to advise on bailout

WASHINGTON - THE US Treasury named Chicago firm EnnisKnupp on Monday as its investment adviser on a US$700 billion (S$1 trillion) bailout plan which will see the government buy toxic assets from the banks in an effort to get them lending again. ... more

Citi to revise executive wages

CITIGROUP will try and change the way it pays its top executives in its securities and investment banking unit, Mr John Havens, the division's head told the Financial Times in an interview. ... more