TW’s Premier resigns and takes responsibility for defeat
(30 Nov) - Taiwan's ruling Kuomintang (KMT) yesterday suffered a landslide defeat in the island's biggest-ever local elections, a result analysts saw as voter payback for the failures of the mainland-friendly administration. Of the six municipal races considered litmus tests for the 2016 presidential poll, the KMT was only able...
Australia mulls limiting foreigner property ownership
SYDNEY (27 Nov) - An Australian parliamentary committee Thursday recommended strengthening rules on foreign investment in the country's booming housing market, calling enforcement of the current framework "severely lacking". The committee's review was commissioned this year amid concerns that local buyers were being squeezed...
MAS reprimands HSBC for breach of Financial Advisers Act
(28 Nov) - THE Monetary Authority of Singapore (MAS) reprimanded the Singapore branch of the Hongkong and Shanghai Banking Corporation (HSBC) on Thursday for breaching section 23B(3) of the Financial Advisers Act. Under the section, a principal cannot allow any individual to provide any type of financial advisory service on...
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