Singapore hosts its first F1 Grand Prix this weekend - and already the Lion City's pleased with the results.
Economies: how top up loans killed AIG
In AIG Nationalised I wrote "top-up cover.. allows buyers to borrow more than banks consider prudent." That's a ruthless statement but in a world where no one wants to say what they mean, it's time we stopped using nice, polite words a...
Economies: AIG nationalised
The news that the US Government has decided that it will, after all, bail out AIG in order to prevent total meltdown of the US financial sector) has overshadowed the startling news that this is not a bail out - it's a buy-out, says Nigel Morris-...
Economics: it's the coming down that hurts
Watching an entire world's economy go through cold turkey isn't nice - but like all addicts, the markets will try the occasional "lift" only to find that coming down is worse than they remembered. But like many addicts, there's no doub...
Economies: US bank trends continue
Another bank closes and more announce plans to restructure.
If you know anything about the Chinese, the chances are that you know that the number 8 is auspicious. So 08.08.08 would be a fantastic day, righ...
Economies - NZ: big name fund suspends some withdrawals
Another mortgage-backed fund in New Zealand has announced a suspension of withdrawals - but not for everyone, yet.
Economies: If it's Friday, it's time to close another US bank.
There's not a lot of people saying "TGIF" in the US banking sector for that's the day that regulators announce the banks they are closi...
Economies: July's been a remarkably mixed bag
The daily news doesn't give a very accurate picture of the overall performance of markets in turbulent times. But the monthly analysis of major m...
UK: Coffee shop chain in receivership
Echoing the problems faced by global giants, a Scottish coffee chain has succumbed to the pressures of the economy.
Business Environment
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