December 4, 2007

Singapore central bank cautious over US subprime issues (AFP)

Singapore's financial district. The profitability of Singaporean banks could be hurt by renewed concerns over the US subprime mortgage crisis, or if the world's biggest economy slips into a recession, the central bank here said(AFP/File/Roslan Rahman)AFP – The profitability of Singaporean banks could be hurt by renewed concerns over the US subprime mortgage crisis, or if the world's biggest economy slips into a recession, the central bank here said.

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