Standard & Poor's MMS unit will move a number of jobs from its Hong Kong and other Asian offices to Singapore in a cost-cutting exercise. MMS said it is not reducing overall headcount in Asia, currently around 75 to 80, but declined to confirm whether or not there will be layoffs in the region. MMS has offices in offices in Singapore, Sydney, Hong Kong, Tokyo and Shanghai.

Rumour has it that Richard Grasso, chairman of the New York Stock Exchange (NYSE) sent a letter to Charles Schwab and Dav

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