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Daily Dispatches: concern over Beijing’s jobless “ants”

Young people calling themselves the “ant tribe” and living in Beijing’s outskirts have prompted a national discussion about the tough job market for college graduates in China. (Wall Street Journal)

Singapore’s Temasek Holdings has agreed to buy a 5 per cent stake in India’s National Stock Exchange from NYSE Euronext, just over three years after the US group invested in the Mumbai bourse. (Financial Times)

OCBC’S challenge with its latest acquisition is not to force the new entity to fit the bank’s ways, but to be prepared to change its own way of doing things.That is the view of chief executive David Conner on the bank’s headline-making US$1.44 billion (S$1.97 billion) purchase of ING Asia Private Bank. (Asia One)

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