Deutsche Bank suspends employee for MAS contact
Dr Christopher Balding Deutsche Bank has suspended an employee for “improper communication” with the Monetary Authority of Singapore. This comes after a wide ranging investigation by large investment banks into suspected employee rigging of the foreign exchange market. There are a couple of interesting aspects to this case....
Recent Academic Work on Temasek
Dr Christopher Balding A few days ago I received a copy of a paper appearing in the journal World Economics from Friedrich Wu a professor at the Nanyang Technological University in Singapore about his recent research on Temasek. Now before I talk about the paper, I want to emphasize something. I had never seen this paper...
Olam – Is it a bailout using public funds?
Olam's stock prices from 21 Sep 2012 to 20 Dec 2012The acquisition of Olam by Temasek is raising eyebrows and frowns from many quarters. Kenneth Jeyaratnam has commented negatively on it. Below is Christopher Balding’s article on the buyout of Olam. Temasek seems to be very bullish in this commodity trading company. It...
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