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Credit Suisse: Reflation Rally?
Pricing in a recession, but not a financial crisis. Figure 1 highlights that Asia Pacific ex Japan price-to-book has now dropped to 1.52x, close to the 2001 recession level of 1.4x. We believe Asia is already pricing in a recession as
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Singapore to Allow Domestic-Foreign Law Firm Mergers
Jessica Seah, The Asian Lawyer (15/02/12): Singapore’s Parliament has approved legislative changes that would clear the way for mergers between international and domestic firms. The island nation’s Ministry of Law had announced Tuesday that it had proposed amendments to Singapore’s Legal
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