SNA - OPINION: Pain has just begun for Asian funding markets - Wayne Cole and Vidya Ranganathan

SYDNEY/SINGAPORE — For weeks, Asian banks and businesses have seen their borrowing costs climb as cash-strapped European banks repatriate funds and cut back on loans, knowing full well this is merely a down-payment on a long and painful shrinking of funding markets. The impact so far of the eurozone’s messy debt crisis has been in the weakest points in Asia: India and South Korea, whose banks rely heavily on foreign funding;...

Full article: http://singaporenewsalternative.blogspot.com/2011/11/opin...

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Chill with some BBQ and Booze tomorrow as Asian Masters: The Asian Grill takes place at Hacienda. For more info:

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