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Global markets steady but recession fears remain

Highlights: Dollar near two-decade high vs euro Euro huddles at 20-yr low; sterling squeezed European stocks rebounds after steep drop Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low and oil back above $100 a barrel following a near 10% plunge a day earlier. The single currency traded at $1.025, a fraction
France General United Kingdom August Hatecke Hugh Gimber Asia Pacific Boris Johnson

UBS posts strong first-quarter performance for Asia-Pacific, moves into its largest regional office at Dhoby Ghaut

SINGAPORE - Swiss bank UBSs Asia Pacific business achieved its best-ever quarterly wealth management performance in the first three months of the year. Profit before tax for its Asia Pacific arm rose 21 per cent year on year to US$0.9 billion for the three months to March 30. Assets under management reached an all time high of US$761 billion, up 40 per cent year on year, while invested assets under the global wealth management unit jumped 42 per cent to US$576 billion. Asia Pacific president Ed...
Hong Kong August Hatecke Asia Pacific Edmund Koh Cyber Fusion Centre Southeast Asian

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Ex-offender works to give others like him a fresh start

The last time he was sentenced, in 2004, he ended up spending eight years behind bars. But he managed to find a new lease of life after completing his sentence, and now works to give other former offenders a chance for a fresh start. The 52-year-old Singaporean runs social enterprise Agape Connecting People, a contact centre which employs those who, like him, have paid their debt to society and are eager to start contributing anew. It was the chance to work in a call centre during his third sti...
Tai Seng Singapore General Saleemah Ismail Warren Fernandez August Hatecke Cai Yinzhou

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