The world economy
Be afraid
Unless politicians act more boldly, the world economy will keep heading towards a black hole
Oct 1st 2011 | from the print edition
The world economy
Oct 1st 2011 | from the print edition
The shift in economic power from West to East is accelerating, says John O’Sullivan. The rich world will lose some of its privileges
Sep 24th 2011 | from the print edition
The United States and Taiwan--Dim sum for China
Sep 24th 2011 | from the print edition
SEPTEMBER 2011 • Kenny Lam and Jatin Pant Source: Financial Services Practice
Banks doing business in Asia face rapidly changing consumer behavior, with big consequences for both local and multinational institutions. Consumers increasingly prefer local banks over multinationals, are less loyal to existing banking relationships, are much more cautious about borrowing, and are more open to Internet and mobile banking. These shifts in the nature of banking relationships, product and service needs, and channels are reflected in a 2011 McKinsey survey of 20,000 consumers in 13 Asian markets.1
Sep 24th 2011 | from the print edition
THIS month Italy’s government sold a slug of five-year paper at one of its regular bond auctions. There was barely enough demand for the bonds to meet supply, even at a steep interest rate. Contrast that with the sale in August of 20 billion yuan ($3.1 billion) of paper by China in Hong Kong’s fledgling offshore market. The yield was miserly yet there were more than four times as many bids as there were bonds for sale.
Markets Would Rally if Greece Defaults, Blain Says
Sept. 14 (Bloomberg) -- Bill Blain, co-head of the Special Situations Group at Newedge Group, discusses the possible consequences of a Greek debt default. He speaks with Owen Thomas and Linda Yueh on Bloomberg Television's "On the Move." (Source: Bloomberg)
By Phoebe Sedgman - Sep 16, 2011 12:40 PM GMT+0800
Gold was set for the biggest weekly loss in more than two years after the European Central Bank and international policy makers coordinated to lend dollars to euro- area financial institutions, curbing haven demand.
Illustration by Bloomberg View
By Jonathan Burton, MarketWatch
U.S. stocks tumbled, sending the Dow Jones Industrial Average down more than 400 points for the fourth time this month, on concern the global economy is slowing and speculation that European banks lack enough capital.
Morgan Stanley cut its forecast for global growth this year, citing an “insufficient” policy response to Europe’s sovereign debt crisis, weakened confidence and the prospect of fiscal tightening.
US stockmarket crashes and GDP
Aug 16th 2011, 14:59 by The Economist online
Gold prices, now driving toward their 11th straight year of annual gains after climbing 26 percent thus far this year, are set to crash and burn, a financial services company is warning.
According to analysts with Wells Fargo & Company, the precious metal is prepped to suddenly lose value, Bloomberg reports. Having seen other commodities' bubbles burst, the firm wrote the report out of consideration for gold enthusiasts, the lead analyst told the news service.