China overtakes Japan as world’s second largest economy July 30, 2010 CHINA has overtaken Japan to become the world’s second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty. Depending on how fast its exchange rate rises, China is on course to overtake the United States and vault into the No 1 spot sometime around [...]
FOREX HAS A NEW ORDER August 17, 2010 IT WAS not so very long ago that the dollar was firmly in favour among currency traders seeking a safe haven from UK political upheaval and the sovereign debt turmoil in the Eurozone. But now the greenback is struggling too thanks to a raft of poor economic data, fears of a double-dip in the American [...]
Q&A CURRENCY June 24, 2010 Q. How serious a problem are currency movements for my business? A.Currency fluctuations are obviously only a problem for British businesses that buy or sell in currencies other than sterling. But for those companies, it can make the difference between making a profit or a loss. The euro, for example, has fallen nearly 10 per [...]
Q&A CURRENCY June 24, 2010 Q. How serious a problem are currency movements for my business? A.Currency fluctuations are obviously only a problem for British businesses that buy or sell in currencies other than sterling. But for those companies, it can make the difference between making a profit or a loss. The euro, for example, has fallen nearly 10 per [...]
Why regulations are never a panacea September 13, 2010 ONE of the biggest problems with the financial system in the run-up to the financial crisis was insufficient liquidity, as well as insufficient capital. The difference between the two is crucially important: one might have plenty of capital reserves, but if these cannot be accessed then a crisis remains guaranteed (unless the central bank steps [...]
Why regulations are never a panacea September 13, 2010 ONE of the biggest problems with the financial system in the run-up to the financial crisis was insufficient liquidity, as well as insufficient capital. The difference between the two is crucially important: one might have plenty of capital reserves, but if these cannot be accessed then a crisis remains guaranteed (unless the central bank steps [...]
Inefficient FX markets offer an opportunity June 29, 2010 THE currency market is the most liquid in the world. Turnover tops $3.1 trillion a day, which dwarves both the equity and bond markets. Given the ubiquity of currency trading, it’s easy to assume that the FX markets would be efficient. But that is not the case. American Century Investments, an investment management firm, believes [...]
Two cheers for Basel banking rules September 12, 2010 HAD the financial system held more capital two years ago, the world today would look very different. Most big firms would have coped; there may even have been no bailouts. It had become the received wisdom among regulators, firms and academics – all users of fancy models – that banks could operate on razor thin-reserves; [...]
BUYING September 16, 2010 MANAGING PARTNER AT BLACK BRICK Q.Dear Camilla, there has been a fair amount of negative news in the papers relating to property prices. Do you think prices are going to crash again like they did in 2008? A.With so much conflicting data and house price indices, trying to determine what is happening with house prices [...]
Jain rejigs a key Deutsche bank division July 26, 2010 ANSHU Jain tightened his grip on Deutsche Bank’s investment bank by installing a 15-member management team of mostly company veterans, ahead of today’s second-quarter earning results. The changes introduced by Jain, who is favourite to succeed Josef Ackermann as Deutsche Bank’s chief executive, mark an evolution in Deutsche’s strategy, with the bank focused on corporate [...]