FT Opinion | Technology sector

Forget radical honesty — Big Tech revisits its corporate culture
As the sector ages, markers of traditional hierarchy are creeping in

by ELAINE MOORE

https://archive.ph/ghQqo

Reuters Breakingviews

Guest view: Blame poor audits on absent investors

By Natasha Landell-Mills

https://www.reuters.com/breakingviews/guest...ors-2024-07-03/

FT Opinion | Lex

Amazon should not join Shein and Temu’s race to the bottom
With the US group facing antitrust lawsuits on both sides of the Atlantic, better to let challengers flame out in a bid for market share

https://archive.ph/yryiF

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FT Opinion | Equities

AI glitter is flattering markets
The story of stocks this year is unambiguously sparkly but the mood is fragile

by KATIE MARTIN

https://archive.ph/18Oqg

This post has been edited by TOS: Jul 4 2024, 02:43 PM

Hi, do you convert for the sake of buying shares/bonds etc. in IBKR?

If so you may just make use of IBKR's auto FX conversion feature and save 2 USD for each manual conversion (ala Medufsad's post above).

Big news, ladies and gentlemen! Big news.

I don't understand why but I managed to transfer 4721.28 USD from IBKR to my DBS SG USD FD account without paying a single cent of correspondence bank fee to JP Morgan.

Money moved out on 3rd July 2024, received at DBS SG bank just after noon today. The value date at DBS side is 8th July though IBKR side says it's 5th of July.





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My last wire transfer to DBS SG USD FD account was in December 2022, back then JP Morgan charged a 10 USD correspondent bank fee...

This time no more!

This post has been edited by TOS: Jul 8 2024, 12:25 PM

Yo bro. Long time no see.

Yes I transferred to DBS Fixed Deposit account. I don't transfer to DBS MCA My account. That will surely kena charged 10 SGD by DBS.

https://www.dbs.com.sg/personal/support/ban...nd-charges.html

They call it "Handling Commission Fee" which is waived for Treasures Customers (and I am not one of their Treasures Customers).

Anyway, I intend to place a USD FD with the proceeds from IBKR, so I am glad that the back office at DBS SG automatically open a 1-month USD FD for my entrance fund. The auto 1-month FD tenure selection has not changed from last deposit in Dec 2022, so this is expected.

The only thing you need to change is the maturity instructions (the default instruction is auto-renew principal + interests and you can change it to withdraw principal + interests or renew principal + withdraw interests).

This post has been edited by TOS: Jul 8 2024, 08:03 PM

Finished 700 pages in 48 hours!



This book documents the rise of index funds and ETFs, detailing how Vanguard and Blackrock iShares came into being.

https://buzzgenius2.medium.com/summary-of-t...ed-70c8e0fb4644

https://blogs.lse.ac.uk/lsereviewofbooks/20...n-wigglesworth/

---------------------------

Old classic



I found the famous July 2nd, 2015 article by WSJ which stunned the whole Malaysia back then:

https://www.wsj.com/articles/malaysian-inve...share_permalink

And some interesting diagrams:

https://www.wsj.com/graphics/1mdb-money-flow/

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Hint: You can find both books online (for free... )

This post has been edited by TOS: Jul 8 2024, 08:33 PM

I borrowed the hardcopies from the Seberang Jaya library in Penang.

Still have 1000 pages more to go

Free ebooks can be found on shadow libraries like Libgen, Anna's Archive, and zlibrary.

Research papers can be found on Sci-Hub.

This should be open secret for most people by now...

FT Private credit

A borrower’s struggles highlight risk lurking in a surging corner of finance
Investors face a wide-ranging estimate of losses on loans to Pluralsight after demand for its training videos fell

by Eric Platt and Amelia Pollard in New York (AN HOUR AGO)

https://www.ft.com/content/b10dbb08-c745-40...fc-9b4024f1fd10

https://archive.ph/9WI7D (no paywall)

-----------------------

FT UBS Group AG

How UBS fell out with Switzerland’s establishment after rescuing Credit Suisse
Bank’s leaders and financial officials clashed over issues from capital requirements to Sergio Ermotti’s pay

by Owen Walker, European Banking Correspondent (AN HOUR AGO)

https://www.ft.com/content/a2ff49db-6c3f-4a...89-386c7159fcc9

https://archive.ph/6nxdz (no paywall)

This post has been edited by TOS: Jul 10 2024, 01:20 PM

Business Korea: Samsung Electronics Faces Yield Challenges with Exynos 2500, Considers MediaTek for Galaxy S25

https://www.businesskorea.co.kr/news/articl...ml?idxno=220859

FT Opinion | Lex

Private assets create an information void where mischief can thrive
Pluralsight lender group marked debts at seemingly implausible highs

https://www.ft.com/content/070df4bb-b7b3-4b...c0-914111fd397a

https://archive.ph/XkYY5

The said paper can be found on SSRN preprint server here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4879742

This post has been edited by TOS: Jul 12 2024, 05:53 PM

FT Opinion: On Wall Street

Excesses of cheap money era are provoking ‘creditor-on-creditor violence’
Investors pay the price for flocking to so-called cov-lite leveraged loans with reckless abandon

by WILLIAM COHAN

(The writer is a former investment banker and author of ‘Power Failure: The Rise and Fall of an American Icon’)

https://archive.ph/Vse9X

TSMC 2Q results are out!

https://investor.tsmc.com/english/quarterly-results/2024/q2

Join the conference call before 2pm GMT/UTC +8 (usually ends at 3pm GMT/UTC +8):

https://investor.tsmc.com/english/form/qr-a...st-registration

Novartis results: https://www.novartis.com/investors

Roche and Nestle reporting next Thursday (25th July) around 2pm GMT/UTC +8.

This post has been edited by TOS: Jul 18 2024, 02:47 PM

Time to ask your kid to study law (in the UK lol )

FT The Big Read | Legal services

How US law firms shook up the UK’s ‘magic circle’
On the coat-tails of a private equity boom, American partnerships are bringing a long-hours, high-pay culture to the City

https://archive.ph/xfd2Z

You can still use BIL ETF for parking temporary funds no?

You don't need to buy/sell every month, the 30% WHT will be refunded to you the February of the subsequent year.

I see. Thanks for the clarifications. Maybe they wanna bully retail investors...

Yep, just submit your bank documents, EPF and ASNB account statements together with other proof of wealth that you have. Explain to them what EPF and ASNB are since they may not be familiar with Malaysia's pension system and the "unique" fixed price unit trusts.

Uhm I opened my account just after the pandemic started... somewhere like March-April 2020... I told them I will just buy blue chip stocks and stick to good quality companies and told them those battered down stock prices on SGX and NYSE are eye-watering

Maybe you lack a sweet mouth.

This time you can tell them, uhmm I bet US election results will make market more volatile... if stock prices tank, can generate some alpha