Semis recovery secured?

via @GS_CapSF: Singapore electronics exports -26.7% Semis recovery secured. $TSM end mkts declining (although some production problems). Concerning that HPC & smartphone are declining so much.    

How bankers secured the impunity

by independenttrader At the end of 2012, the U.S. Department of Justice imposed a fine of 1.9 billion dollars on HSBC, almost 10% of the bank’s earnings. That was a cost for supporting drug cartels with money laundering and breaking the …

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