MAS may have nudged India’s FTIL to exit SMX
Jignesh Shah's FTIL is the parent entity of NSEL, which is struggling to meet its settlement obligations amounting to Rs5,600 crore. (20 Nov) - Jignesh Shah-owned Financial Technologies-India (FTIL) on Tuesday announced that it has sold its 100% stake in Singapore Mercantile Exchange (SMX) for $150 million to Intercontinental...
China’s private debt grows from $9T in 2008 to $23T now
Chinese Black Dragon. Photo by Angelus (26 Nov) - When it comes to reckless money creation, it turns out that China is the king. Over the past five years, Chinese bank assets have grown from about 9 trillion dollars to more than 24 trillion dollars. This has been fueled by the greatest private debt binge that the world has...
UAE: Emiratisation quotas for the private sector
An FNC member from Dubai, Hamad Al Rahoomi, wants to see the 40,000 jobless Emiratis at work. Fatima Al Marzooqi/The National (15 Oct, ABU DHABI) - Emiratisation quotas must be introduced at all private companies and salaries should be subsidised by the Government, Federal National Council members say. After years of pushing...
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