Global margin call hits European debt markets

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Risk gauges in Germany’s government debt market rose last week to levels higher than recorded in the 2008 world financial crash, as margin calls forced the liquidation of derivatives positions held by banks, insurers and pension funds. Big institutional investors that spent the past ten years insuring their portfolios against falling interest rates now face […]

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Singapore’s SATS buying Worldwide Flight Services for S.65 billion to create global leader

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In: South-East Asia

SINGAPORE: Singapore-based ground handling services firm SATS is acquiring Paris-based Worldwide Flight Services (WFS) for S$1.65 billion cash, to create the world’s biggest global air cargo handler, the companies said. “This is a transformational opportunity for SATS and our proposed acquisition of WFS will create a global leader,” Kerry Mok, SATS’Continue Reading

Wrecking ball dollar swinging next toward US

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TOKYO – Wall Street suits, run for the hills. So far this year, the surging dollar has left a trail of carnage across Asian and European economies, currencies and bourses. Now, it is likely headed for home territory. Count Michael Wilson, Morgan Stanley’s chief US equity strategist, as among those fearing the dollar’s rally is […]

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Kids learn to hawk their wares online

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In: South-East Asia

About a hundred college students from 18 institutions took part in this particular year’s education equity partnership programme, targeted at reducing disparities in educational opportunities among students in large cities and remote control areas, according to among the initiative’s leaders.Continue Reading