Crisis Awaits World’s Banks as Trillions Come Due
Institutions around the world must repay or roll over trillions of dollars in short-term borrowing over the next two years, perhaps leading to tighter and costlier credit.
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Crisis Awaits World’s Banks as Trillions Come Due
Economic View: The Trilemma of International Finance
Economic View: The Trilemma of International Finance
Economic policy makers around the world have a trio of goals, but they can never accomplish them all.
HSBC hires new head of Canada M&A advisory business
HSBC hires new head of Canada M&A advisory business
TORONTO, July 8 (Reuters) – HSBC , Europe’s biggest
bank, has hired a new head for its merger and acquisitions
advisory business in Canada, where activity has bubbled in the
resource sector as the world limps to economic recovery. Continue Reading »
Asian Markets Encouraged by Strong U.S. Retail Sales Data
Asian Markets Encouraged by Strong U.S. Retail Sales Data
Investors grew more optimistic about the prospects of recovery in the world’s largest economy.
Cap on Bank Bonuses Clears Hurdle in Europe
Cap on Bank Bonuses Clears Hurdle in Europe
The European Parliament on Wednesday approved one of the world’s strictest crackdowns on bank pay.
REFILE-BP CEO meets UAE sovereign wealth fund ADIA-source
REFILE-BP CEO meets UAE sovereign wealth fund ADIA-source
ABU DHABI, July 7 (Reuters) – BP Chief Executive Tony
Hayward has met with representatives of the Abu Dhabi Investment
Authority (ADIA), one of the world’s largest sovereign wealth
funds, a UAE official source said on Wednesday. Continue Reading »
Gillard government under fire over mine tax revenue
Gillard government under fire over mine tax revenue
Despite Rio Tinto calling the country’s mining tax regime one of the world’s highest, the Gillard-led government has come under fire on revenue estimates from the proposed new tax on miners.
Asia Stocks Fall on Growth Worry
Asia Stocks Fall on Growth Worry
Asian stocks slipped on growing investor concerns of slower economic growth in the United States and China, the main pillars of the world economy, and fading risk appetite sent the yen up against the dollar and the euro.
Asian Stocks Mixed on New Worries Over U.S. Recovery
Asian Stocks Mixed on New Worries Over U.S. Recovery
Asian stock markets were mixed in early trading Monday as a disappointing U.S. jobs report sparked worries that a recovery in the world’s largest economy is losing steam.