Latest articles from Comment

Dawning of a new era as super bank is born

February 3, 2004

As mergers between giant US banks spawn behemoths, it’s a case of eat or be eaten. But the appetite, for now, is for homegrown fare.

Why we should first put our own House in order

February 3, 2004

Assumptions that Western-style democracy is superior to all other systems fail to realise that its cost and complexity may not suit countries where action, not words, are paramount.

Dire predictions on China are nothing more than scaremongering

February 3, 2004

Projections on growth for China that envisage a doomsday scenario for the rest of the world are both overblown and flawed.

Singaporean solution is best defence against unemployment

February 3, 2004

At a time when growth does not necessarily mean more jobs, governments must take a proactive stance to keep people in work.

Why the US deficit

February 3, 2004

Andrew Smithers argues that the US current account deficit is too small and its financial markets need to fall.

US banks show record profits

February 3, 2004

Top US banks, led by Citigroup, again produced strong profits growth in the fourth quarter and for all of 2003, reflecting imp-roved credit quality and strength in retail financial services.

Emerging markets see net capital flows rocket

February 3, 2004

Net capital flows to emerging market economies jumped sharply in 2003, gaining more than 50% to reach $187bn, and are expected to rise further in 2004, according to the latest report from the Washington-based Institute of International Finance (IIF).

China bolsters banks with forex reserves capital

February 3, 2004

Two weeks before the Chinese New Year, the Chinese government provided two of the country’s biggest state-owned banks a much-needed gift: new capital of $45bn.

First private banks open in Syria as law aims to break CBS dominance

February 3, 2004

Two private banks have opened in Syria, the first since the nationalisation of the banking system in 1961, and more are expected to open soon.

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