Chinese listed banks, which have lent record high amounts in the first half, are likely to report lower profit growth in the period due to narrowing interest spreads and higher provisioning requirements, industry analysts said. Chinese listed banks to see lower profit U.S. Listed China ADR Stocks by Sector World Bank: China Page IMF: China …
The ongoing economic crisis has pummelled Spain. Small businesses feel abandoned by the government, layoffs are swelling the ranks of the desperate, and a whole generation of recent college graduates is facing a future without prospects.Recession Robs Spain’s Youth of Jobs and Hope THE RETURN OF GREED Investment banks, of all things, are making serious …
Continue reading ‘Knowledge is Power:The Global Casino is Now Open Edition’ »
No exit for Ben US Federal Reserve chairman Ben Bernanke believes that his new gadgetry will allow him to perform a feat of monetary magic no other central banker has managed to pull off. He can talk about it all he likes, but when it comes time to actually pulling the trigger, his nerves will …
Continue reading ‘Knowledge is Power: In Ben Bernanke We Trust? Edition’ »
Like a latter-day Tom Joad, one of America’s last Okies ponders a question that… Has anyone seen the American Dream? German discounting pioneer Aldi is using the economic crisis to expand its presence in the US. The move could help mitigate the company’s troubles on its home turf.Aldi advances on Wal-Mart’s home turf Many SMEs …
Photo: Arch de Triumph, Paris, France ITALY’S public debt hit a record E1.7522 trillion ($3.13 trillion) in May, the Bank of Italy reported on Tuesday. Italy’s debt reaches new record Russian millionaires are returning to the U.S. property market, lured by distressed sales and the ruble’s rise against the dollar, lawyer Edward Mermelstein said. Russian …