Have you ever wondered why Chinese monetary policy always increases rates by 18 or 27 bps? An article by Bloomberg in May 2007 clears the air on this. The People’s Bank of China today raised its one-year benchmark lending rate by 0.18 percentage point and its one-year depositrate by 0.27 percentage point. Why 18 or 27 [...]

China, Interest rates Hide

A short posting to clarify the few commonly used terms in interest rates as they can be confusing! Fed Fund Effective Rate – All US banks maintain reserves at the Fed. If reserves of Bank A run below the legal minimum, A may borrow funds from B (these funds are also held in reserve at [...]

Fed Funds, Interest rates, LIBOR Hide

Whether you struggling to write your resume or attempting to answer questions like “Where do you expect to be in three years from now career-wise?” at a job interview, a well written career plan is a helpful tool in addressing these ‘challenges’. Writing your career plan forces you to think tactically and strategically. It also [...]

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WHILE university graduates are wallowing in self-pity over the latest news that more of them are unemployed than are polytechnic graduates, the latter group is laughing all the way to the bank. The Manpower Ministry recently found that more than 20 per cent of the unemployed in Singapore were university graduates, while just 6 per [...]

education, Singapore Hide

CAPE CORAL, Fla. — After an improbable rise from the Bronx projects to a job selling Gulf Coast homes, Isabel Bermudez lost it all to an epic housing bust — the six-figure income, the house with the pool and the investment property. Now, as she papers the county with résumés and girds herself for rejection, [...]

poor, recession, unemployment, US Hide

NATIONAL University of Singapore has disclosed hundreds of millions of dollars in losses in the year to March as the financial crisis bit deep into its invested endowment funds. Singapore Management University last month reported a $99 million hole in its $436 million endowment fund and another $58 million hit to its accumulated surpluses but [...]

education, investments, Risk Management, Singapore, university Hide

To rid herself of the Monday blues, Ms Lyn Yip treats herself to brunch at Dempsey’s Barracks before attending contract law class. On Wednesday evening, the twenty-year-old undergraduate parties with her friends, drinking—$200 each—bottles of Moët & Chandon. To prepare for the weekend, she squeezes in a manicure and pedicure in between tutorials on Friday. [...]

Singapore, spending Hide

By Becky Barrow Last updated at 10:10 AM on 18th November 2009 More than eight in ten savings accounts are paying such a paltry interest rate that customers are effectively losing money, research revealed yesterday. Financial experts said savers have become the ‘sacrificial lambs’ of the Bank of England’s desperate attempts to rescue the economy. Because the [...]

education, inflation, Interest rates, UK Hide

So, the applications are in, and all those students who applied for Oxford and Cambridge are nervously waiting to see if they get interviews. But is there anything they can do to prepare? Well, according to Oxbridge Applications(who help students prepare for entrance to Oxford and Cambridge), there is. They have compiled a list of the top [...]

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