The small gains or losses in Asia Pac markets yesterday (see Asia Pac markets respond, others don't ) were all for nothing as markets from Singapore to Sydney follow, lemming-like, New York's losses after the Asia Pac close. Are intervention and...
Economies: another huge sum for AIG - but will it be enough?
The New York Federal Reserve has agreed to inject a further USD37.8 milliard into AIG to keep it going, just a month after the company was effectively nationalised with the p...
Economies: Asia Pac markets respond to measures; others don't
Whether AsiaPac markets have responded to interest rate cuts, were not so overvalued as first thought, have found their floor or are just having a dead cat bounce will become clear in the next few hours. But last night's signs were encouraging i...
Economies: Brown bets the farm
Gordon Brown brushed aside his puppet Chancellor yesterday to present the UK Treasury's plans to support the UK financial services industry. In a long press conference, Brown stayed on message, permitting Alistair Darling to speak only when the...
Economies: now Iceland intervenes in Kaupthing
Last night, Iceland's prime minister was visibly shaking as he answered a reporter's question as to whether Kaupthing, Iceland's largest bank was safe. "I can't give a definitive answer," he said. "I hope so." This morning, I...
Americans have had it their own way for too long and now it's surely time to start using the correct terms for numbers - after all, the profligat...
Economies: Malaysia's progressive PM to leave post next year
Reforming Malaysian Prime Minister's opponents have succeeded in securing his early departure. Last night, Abdullah Badawi announced that he will...
Economies: "More banks will fail" - Paulson
More banks will fail, warned US Secretary to the Treasury in a speech last...
Economies: is McCain delusional?
We all know that in politics, "it's about the economy, stupid." But does that mean that all economic policies have to be stupid? On the...
Economies: UK freezes Icelandic bank assets; intervenes in another division
The UK Treasury has today announced the freezing of assets in the UK of Lan...
Business Environment
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