The IMF country inspection team concluded its visit to Hong Kong at the end of October. It found the People’s Republic of China Special Administrative Region (a committee-inspired name if ever there was one) in high expansionary mode with a property bubble developing thanks to fast-rising credit growth...
The Spanish Government is getting seriously, but rather impotently, annoyed. With Spanish papers running stories saying that the Spanish Government is in secret talks with the EU, the IMF, and the US Treasury about a possible bailout, firefighting is becoming a full-time job for Spanish officials...
Yet another sign of the irresistible shift of economic power from west to east came in the third quarter of 2010 when, for the first time ever, the volume of derivatives trading in Asia-Pacific surpassed that done in North America.
QFINANCE brings to you its top 5 financial news stories of the week, along with relevant QFINANCE articles and definitions to fill you in on background details. Stories this week include the Irish economic crisis, UK student protests against tuition fees reform, and financial scandals in the US and India.
You know that things must be getting desperate in Ireland when significant numbers of the country's population want to draft in Michael O'Leary, the controversial and famously outspoken Ryanair chief executive, to help run the country.
QFINANCE has been shortlisted in the prestigious ninth annual State Street Institutional Press Awards coming runner up in the ‘Most Innovative Media Outlet’ category.
Just a day or two before ECB president Jean Claude Trichet sketched out how the embryonic European Systemic Risk Board could be a kind of halfway house to fiscal union (see my previous blog on the EU economy for further analysis), the managing director of the IMF, Dominique Strauss-Kahn launched an even more vigorous proposal.
Anyone who thinks that the key figures behind the Eurozone, from heads of state, to finance ministers, to the head of the European Central Bank (ECB) are not giving thought to ways and means for getting beyond the EU’s rolling sovereign debt crisis, is dreaming.
Every American school child learns of the exploits of the Marquis de Lafayette during the Revolutionary War. Some go on to read Alexis de Tocqueville’s Democracy in America and learn of the author’s admiration for the establishment of our democratic state.
From needing a massive US taxpayer handout at the height of the crash, on November 17 2010 General Motors successfully rose from the ashes, pushing through a $15.8 billion IPO of common shares, the second largest in US history after the $19.7 billion Visa IPO in 2008.