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The cosy, privileged world of European offshore private banking, a traditional escape from the taxman, is facing extinction amid mounting regulatory pressures with the ultra-secretive Swiss banks most in the firing line, a major industry survey said.
THE Severe Acute Respiratory Syndrome (SARS) outbreak may be a blight on China now, but it could also be a blessing in disguise.
FROM restructuring deals to dealing in exquisite timepieces, House of WOOHING#039;s new chief executive officer Frank Low has certainly made a drastic switch in his career.
B>HONG KONG:/B>Investor concerns over the Severe Acute Respiratory Syndrome (SARS) and travel restrictions on investment bankers following its outbreak have stalled new share issues from China, which has been Asia's biggest initial public offering (IPO) market outside Japan.
GREAT Eastern Life Assurance (M) Bhd has launched the country's first insurance policy for SARS (Severe Acute Respiratory Syndrome), providing a one-off cash payment of RM5,000 to policyholders diagnosed to have the disease and treated either in Malaysia or Singapore.