by Andre Yeo WHEN Jane (not her real name) allowed her ex-husband to gamble and borrowed money to help him settle debts, she thought she was being a good wife. When he won, she celebrated with him and enjoyed the gifts he bought for her. Then, he started losing. And he kept on losing. His [...]

Singapore, spending Hide

By Emma Thelwell, ninemsn Money Brad Pitt, Angelina Jolie and David Beckham are set to lose millions on their luxury homes in Dubai, as the emirate’s debt spirals out of control leaving the future of the housing market hanging in the balance. Stock markets across the globe tumbled last night after Nakheel, a subsidiary of Dubai’s [...]

Dubai, housing Hide

Patrick Hosking and David Robertson, Times UK Fears of a dangerous new phase in the economic crisis swept around the globe yesterday as traders responded to the shock announcement that a debt-laden Dubai state corporation was unable to meet its interest bill. Shares plunged, weak currencies were battered and more than £14 billion was wiped [...]

Bank failures, Dubai Hide

By REUTERS November 9, 2009 SINGAPORE — The Singapore central bank warned Monday that more measures could be needed to curb the risk of speculation in the country’s property market, which has been bolstered by low borrowing costs. The comments underscored a growing concern among policy makers in Asia, who are worried about the possibility [...]

housing, Singapore Hide