BEIJING (Reuters) - Chinese central government departments misused or mismanaged more than 46 billion yuan (US$6.73 billion) last year, including using disaster relief money to build government offices and diverting funds to speculate in stocks, state media reported.
CONDITIONS in the local stock market are the worst they've been this year, with the Straits Times Index (STI) struggling to hold on to the 2,700 level - the lowest since November 2006. Liquidity has dried up and brokers complain that even though the index is at a 21-month low, large parts of the small-cap segment are faring much worse; China stocks, for example, are at historic lows.
(SINGAPORE) Some developers have been quietly oiling their launch machinery in the past few weeks as they get ready for previews and launches, especially with the Hungry Ghosts Month ending this Saturday.
