DEUTSCHE KREDIT BÖRSE (DKB), a new exchange enabling banks and other financial institutions to trade single corporate loans so that they can better spread credit risk, has gone live in Germany.
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Brazilian bank unions call off strike
November 4, 2004BRAZIL’S LONGEST EVER banking strike came to an end last month, four weeks after it commenced, as workers heeded their union bosses’ call to return to their jobs. Nearly half of the country’s 400,000 bank employees had walked off the job on September 15, when Brazil’s banks refused to give them a 25% salary increase.
Cheap Chinese goods will not last
November 4, 2004Recently I was looking at the mountain of stuffed toys that my two young children have and was comparing this to the lone, high-cost teddy bear I had when I was the same age in the 1960s. The mountain of stuffed, “made in China” toys of today probably, collectively, did not cost as much as that teddy of yore. Who will make the stuffed toys 40 years from now when the Chinese economy evolves into a higher wage economy than it is today?
Barclays’ South African bid provides a litmus test
November 4, 2004South Africa’s market potential lies in extending services to poorer, unbanked areas, so how will a foreign bank fair in this environment?
Political change proves its worth
November 4, 2004China is finding it feet and the right political tone for dealing with Hong Kong as the region’s economic fortunes ascend.
Danger signs on US deficits
November 4, 2004There is growing anxiety over the vast US budget deficit. The next US administration needs to remedy the situation – fast.
Explosive issue
November 4, 2004Demand for covered bonds is rocketing, as the Bank of Ireland recently discovered.
The ones to watch
October 4, 2004All the key industries, large and small, figure in the government’s roadmap to better economic health.
Full flow ahead?
October 4, 2004Will the government’s plans to develop the oil and gas sector come to fruition? James Eedes looks at the problems that must be tackled.
The hard sell
October 4, 2004A global campaign is under way to persuade people to rethink their negative perceptions of Nigeria.