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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: Bill Ounce who wrote (7466)11/12/1998 10:17:00 AM
From: Bill Ounce  Read Replies (1) | Respond to of 9980
 
SCMP -- Beijing protest over futures scam
scmp.com

Beijing protest march boldest since 1989

REUTERS in Beijing

Disgruntled investors cheated in a
multimillion-dollar futures scam marched
through Beijing yesterday in one of the
boldest protests since the 1989 Tiananmen
Square massacre.

[...]

Thousands of Chinese workers invested
their life savings with Beijing-based
Xinguoda Futures, lured by the promise of
monthly interest payments of up to 30 per
cent.

[...]



To: Bill Ounce who wrote (7466)11/12/1998 11:25:00 PM
From: Bill Ounce  Respond to of 9980
 
Gartner says Asia will face big Y2K hit

computerworld.com

[...]

Asian countries in Level 3 (50% failure) include India, Malaysia,
North Korea, and, importantly, Japan, Duggan said at a meeting
entitled The Y2K Bug: Threat to Business Community, held in
Singapore today.
[...]

Overall, Gartner believes that the year 2000 problem won't cause the
global business meltdown that some analysts have predicted, but that
it will cause a negative impact on the world economy that will be felt
for three to five years.