Asia Tigers Fund News

In April 2002, stockholders of the Fund voted to adopt an interval fund structure, pursuant to which the Fund conducts periodic repurchase offers for between 5% and 25% of the Fund ' s outstanding common stock.

“What we are seeing in Asia is tremendous growth in different markets at different pace and also a lot of regulatory changes”

Chris Sturdy takes on the Asia-Pacific chairmanship and is replaced by Cole-Fontayn as head of the bank's depositary receipt business. via FinanceAsia

U.S. stock-index futures declined on concern the worsening housing slump will threaten economic growth after Fannie Mae posted a bigger-than-estimated loss and said it plans to cut its dividend. via Bloomberg

“If you take that away, you lose pretty important market signals. One thing the food futures market is telling us is plant more food.”

India is reportedly considering a ban on futures trading in food commodities, as the government struggles to curb soaring inflation and the rising cost of food has become a major international concern. via MarketWatch

An Andy Warhol portrait of Mao Zedong may fetch an artist record of $120 million in a private sale in Hong Kong, Christie's International said. via Bloomberg

“The financial sector will probably remain perhaps a little under pressure for the time being”

Oil prices traded within sight of a record high on Wednesday, capping any gains for the dollar, while resource stocks in Asia rose on sky-high energy and metals prices. via Reuters

“More deaths were caused by the tidal wave than the storm itself”

Myanmar's military government raised its death toll from Cyclone Nargis on Tuesday to nearly 22,500 with another 41,000 missing, nearly all of them from a massive storm surge that swept into the Irrawaddy ... via Reuters

Barrick Gold Corp. , the world's largest gold producer, reported a first-quarter profit of $514 million, topping analyst estimates, as bullion prices rose to a record and the company shed money-losing sales ... via Bloomberg.com

“The bulls are in control of the market”

Oil futures held steady above $120 a barrel Tuesday in Asia after surpassing that mark for the first time in the previous session on threats to supply and a weakening of the U.S. dollar.

The surge in oil prices was also fueled by hopes that the U.S. economy will be spared a sharp downturn after the release of data Monday showing an unexpected expansion in the U.S. service sector in April, analysts said.

Light, sweet crude for June delivery rose 20 cents to $120.17 a barrel in electronic trading on the New York Mercantile Exchange by midday in Singapore. The contract surged to a trading record of $120.36 a barrel overnight before settling at $119.97 a barrel, up $3.65 from Friday's close. Read more

Agence France Presse SINGAPORE - World oil reached a new record price above 120 dollars a barrel on Tuesday as concerns over the United States economy eased, analysts said. via ABS-CBN News

Almost 4,000 people are dead and 3,000 missing after a tropical cyclone slammed into Myanmar two days ago in the region's deadliest storm-related natural disaster since a tsunami struck Southeast Asia in 2004. via Bloomberg.com - Asia

SCOR is now structured around six "Hubs": Paris, Zurich, Cologne and London for Europe, Singapore for Asia and New York for the Americas. via Earth Times

“We are overwhelmed by the interest of Dubai Investment Group, which acknowledges our company's unique strengths. This has enabled us to create a platform for organic growth initiatives and compete globally.”

Dubai Group, the leading diversified financial services company of Dubai Holding, today announced that it has acquired a 40% stake in India's Chiranjjeevi Wind Energy Limited , a wind turbine manufacturer in ... via AME Info

LONDON: Gold changed course to touch a three-month low on Thursday after gaining nearly two percent as a dollar rise on the back of US inflation data prompted bullion investors to liquidate trading positions. via Daily Times

“The U.S. currency seems to have a relatively positive bias now, and I personally feel that sentiment toward the dollar is changing”

The dollar rose against the yen Friday in Asia as sentiment turned upbeat after the release of better-than-expected data on U.S. consumer spending and manufacturing activity. via International Business Times

“It's impossible to know how big the private art market is”

The market for contemporary Indian art has "really heated up," says Sundaram Tagore, who has galleries in New York and Beverly Hills and a Hong Kong branch opening soon. via ARTnews

The Rezidor Hotel Group announces yet another hotel in CIS - the Radisson Hotel Batumi, Georgia . via Hotel News Resource

“The dollar depreciated slightly following the rate decision, probably reflecting some profit-taking rather than a dovish interpretation of the Fed statement”

The dollar rose in thin trade on Thursday, clawing back earlier losses, as the foreign exchange market focused on the US Federal Reserve's latest interest rate cut. via Raw Story

“Some players had hoped for a stronger statement from the Fed clearly saying that the current rate cut cycle is over, so disappointed players sold the dollar”

Published: May 1st, 2008 12:08 AM Last Modified: May 1st, 2008 12:08 AM The dollar fell slightly against the yen Thursday in Asia after a widely expected cut in the key U.S. interest rate came with no clear ... via Anchorage Daily News

General Motors, the world's largest automaker, posted a smaller first-quarter loss than analysts estimated as rising sales in Asia and Latin America tempered declines in the US. via The Age