Global Financial Crisis

The Straits Times Index (STI) plunged 3.3% to 2,439.76 this afternoon.

Singapore’s resident unemployment edged up 0.4 percentage points to 4.5% in August

SINGAPORE (July 22): The global financial crisis that erupted in 2008 transformed the role of central bankers and the scale and scope of their policy toolkit. Today, financial stability is once again at the core of central banks’ missions, and interest

SINGAPORE (July 22): The global financial crisis that erupted in 2008 transformed the role of central bankers and the scale and scope of their policy toolkit. Today, financial stability is once again at the core of central banks’ missions, and interest

(July 3): A federal judge on Monday said PricewaterhouseCoopers LLP must pay US$625.3 million ($855.3 million) in damages to the Federal Deposit Insurance Corp (FDIC) for failing to uncover fraud that led to one of the largest bank failures of the global

(Sept 7): It is hard to believe but it is 10 years since the start of the global financial crisis. Triggered by a collapse in the US housing market it caused the deepest recession in living memory and the near-collapse of the financial system.

SYDNEY/TOKYO (June 2): Whether or not the land Down Under snaps its two-decade-long streak without a recession, a glance at the charts shows this past week has been a "septima horribilis" (to purloin and tweak from Queen Elizabeth II) for the wo

(May 25): Carson Block said he will continue wagering against Hong Kong-listed companies on the view that a pullback in credit will send shock waves through the economy.

SINGAPORE (March 17): It has been a tough few years for local brokers. Securities trading volumes in the local market dived after the global financial crisis, and the penny stock crash of October 2013 sapped confidence in smaller-cap companies. Investors

BANGKOK (Nov 25): Less than a decade ago, the International Monetary Fund used to talk about Asian countries piling up too much in their currency-reserve stockpiles.