WHAT THE OTHER PAPERS SAY THIS MORNING September 15, 2009 FINANCIAL TIMES STANFORD CASE PROMPTS LEGAL CROSS-BORDER CONUNDRUMSThe case against Sir Allen Stanford, the financier accused of operating a $7bn Ponzi scheme, has provoked thorny questions of cross-border jurisdiction and international co-operation. In the latest twist to a complex case, the Montreal Superior Court has decided to bestow control of the Stanford company’s Canadian assets [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 20, 2009 FINANCIAL TIMES GALLEONMOVINGASSETS INTO CASHBrokers to the Galleon Group – the hedge fund whose founder and president, Raj Rajaratnam, is at the centre of insider trading charges – report it is rapidly liquidating its investments in anticipation of a wave of investor redemptions. $12.9BN VALEPUSHTOENDDISPUTE Vale, the Brazilian mining group that is the world’s biggest [...]
Art collections at banks are becoming a big business November 17, 2009 YESTERDAY it was announced that Asia’s biggest art fair, the Hong Kong-based Art HK, is to be sponsored for the next five years by Deutsche Bank. The fair’s previous sponsor, Lehman Brothers, had its art collection auctioned off earlier this month to the tune of $1.35m, including works by Pop Art superstars Roy Lichtenstein and [...]
A second dose of the fabulous freakish truth October 28, 2009 SUPERFREAKONOMICSBY STEPHEN DUBNER AND STEVEN LEVITTPENGUIN, £20.00 WRITING a sequel to one of best-selling pop economics books of the last decade was always going to be hard. And it took Steven D Levitt and Stephen J Dubner more than four years to create Superfreakonomics, the “freakquel” to their original collaboration, Freakonomics. Like the original, Superfreakonomics [...]
G20 promises welcomed by ECB’s Trichet September 27, 2009 JEAN-CLAUDE TRICHET, president of the European Central Bank (ECB), said yesterday the members of the G20 must tackle global economic imbalances in its new role as the key international policy forum, in the wake of the Pittsburgh summit. The group’s new role, backed up by advice from the International Monetary Fund (IMF) and the Financial [...]
Bankers must look hard at pay if they want to win back the public’s support April 14, 2010 JUDGING by public and media sentiment over the past couple of years, the fairground arcade staple of whack-a-mole will at some point be replaced by the sport of whack-a-banker. The credit crunch blame-game does not appear to be dissipating. A particular bone of contention between the banks, politicians and the public is the issue of [...]
Lawyers lobby G20 over emissions September 22, 2009 EARLIER this month UK lawyers issued a “communiqué” calling on the G20 to implement more effective regulation ahead of the Pittsburgh summit which begins tomorrow, and the UN climate-change convention in Copenhagen in December which is expected to produce a successor to the Kyoto agreement. So, why should world leaders listen to a bunch of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 5, 2009 FINANCIAL TIMESUK COURT RELAXES CURB ON SAAD CASHA bitter legal dispute involving prominent Saudi Arabian businesses and families opened in the English courts yesterday, with Maan al Sanea failing to overturn a $9.2bn (£5.8bn) freezing order on his worldwide assets. The High Court eased the order to allow the billionaire $4m spending money a year [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 5, 2009 FINANCIAL TIMESUK COURT RELAXES CURB ON SAAD CASHA bitter legal dispute involving prominent Saudi Arabian businesses and families opened in the English courts yesterday, with Maan al Sanea failing to overturn a $9.2bn (£5.8bn) freezing order on his worldwide assets. The High Court eased the order to allow the billionaire $4m spending money a year [...]
Strategic investors show thirst for world’s most liquid market: water October 7, 2009 IT MIGHT seem to be a fairly common substance, but fresh water’s growing scarcity means that it is quickly becoming known as blue gold in development and investment circles. While the amount of water in the world is finite – and fresh water only accounts for 1 per cent of the total – demand for [...]