Latest articles from World

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.

Pakistan agrees to sell majority stake in Habib

February 3, 2004

Pakistan has decided to sell 51% of the shares of Habib Bank to the Geneva-based Aga Khan Fund for Economic Development (AKFED) for about $400m in one of the country’s biggest privatisation deals ever, writes Farhan Bokhari.

Driven by confidence and conscience

February 3, 2004

Alfonso Prat-Gay, Argentina’s central bank governor, talks to Karina Robinson about his plans for recapitalising the ailing financial system.
In the run up to my meeting with 38-year-old Alfonso Prat-Gay, governor of the Central Bank of Argentina, I had met 16 top businessmen, bankers and economists who were uniformly charming and informative. So I feared for the famed trait of Argentine arrogance (the classic joke told to me by a host of locals is: How can you make a lot of money? Buy an Argentine for what you know he is worth and sell him for what he thinks he is worth). It was with a sigh of relief, then, that I encountered Mr Prat-Gay, who has that famed trait in spades.

The view from Singapore’s hot seat

February 3, 2004

Karina Robinson interviews Singapore Prime Minister Goh Chok Tong on developments in the region and in his homeland.

Cross-border pioneer fights on

February 3, 2004

Dexia is the result of a pioneering cross-border merger in Europe. Its experiences demonstrate the difficulties of executing an international strategy across a region within which regulations differ, writes Brian Caplen.

Clean-up boosts investors’ trust

February 3, 2004

Erol Sabanci, chairman of Akbank, tells Stephen Timewell of his optimism on recent sector reforms and the political and economic outlook for Turkey.

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