state street rapped in singapore
State Street Global Advisors has been reprimanded by the Monetary Authority of Singapore, for supplying inaccurate information in relation to the performance of an exchange traded fund.
Regions
-
-
qatar and uae remain frontier markets msci
Index provider MSCI has decided not to upgrade Qatar and the United Arab Emirates from frontier to emerging market status, following an extended review period.
-
wef puts hong kong top of its financial index
Hong Kong has taken the top position on the World Economic Forums Financial Development Index for the first time, moving ahead of both the United States and the United Kingdom.
-
friends unveils malaysian takaful business
Friends Life has launched its Shariah-compliant insurance business in Malaysia.
-
asia pac sales forecast to grow at 6pc pa
Asia Pacifics retail and consumer industry is forecast to grow at an average of 6% from 2011 to 2015, according to joint PwC and Economist Business Unit research, which also revealed that online purchases increased last year in China by 97% year on year.
-
iom courts chinese entrepreneurs
Members of the Isle of Man business community this month presented to a group of 14 high net worth Chinese entrepreneurs, to raise awareness of the benefits of doing business with the island.
-
foreigners bear brunt of new singapore move
In an effort to cool its scorching residential housing market, Singapore has introduced a new, extra stamp duty equal to 10% of the value of properties sold, which will apply only to foreigners.
-
ucits funds up in value despite outflows
Investors throughout Europe are still moving money out of Ucits funds although the rebound in stock markets during October saw assets overall rise in value.
-
hmrc announces hartnetts retirement
Dave Hartnett, the HM Revenue & Customs official who was criticised by some politicians for his role in giving Goldman Sachs a break on tax monies owed, is to retire next summer, the agency said.
-
peter caruana out as Gib chief minister
Voters in the British overseas territory of Gibraltar have replaced their chief minister of the last 15 years with a 39-year-old Socialist, Fabian Picardo.
-
standard chartd unveils shariah uae offering
Standard Chartered Saadiq, the Islamic arm of Standard Chartered Bank, has launched Shariah-compliant services for individuals and small and medium-sized enterprises in the UAE.
-
banks distribution dominance in asia on the slide
While banks still dominate fund distribution in Asia, their market share has continuously fallen since 2009 as providers look to diversify their routes to market.