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Saudi Binladin pulls back from brink of financial crisisSaudi Binladin Group, the kingdom's biggest construction conglomerate, appears to have pulled back from the brink of a financial crisis that risked damaging the wider economy, said experts. SBG was hard hit last year as low oi More… |
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Central banks can no longer save the worldIn 2008 central banks, led by the Federal Reserve, rode to the rescue of the global financial system. Seven years on and trillions of dollars later they no longer have the answers and may even represent a major risk for the global economy. More… |
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Dubai says has learned lessons from crisisDubai has learned lessons from the global financial crisis, including the importance of budget discipline and the need to regulate its property market, its Department of Finance said in a research paper published on Thursday. The More… |
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BIGGEST SETTLEMENT: JPMorgan to pay $13bnJPMorgan has agreed to a $13 billion settlement with the US government to settle charges that the bank overstated the quality of mortgages it was selling to investors in the run-up to the financial crisis. The Department of Justic More… |
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Why do we need chief executives?Even in the toughest of restructuring in the face of the global financial crisis, one position that escapes the 'chop' is the job of a chief executive, although the person holding the job is likely to be replaced every three to four year More… |
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Emerging markets hit by interest rate threatThe threat of less central bank stimulus and higher interest rates has crushed emerging markets more than most assets in the past two months, in some cases slashing the value of stocks and bonds to levels not seen since the last financial crisis More… |
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Mysteries of the middle classIf you are worried about the Western middle class - and we all should be - you may have started to have some doubts about the virtues of flexible labour markets. In theory, flexible labour markets should make our economies more productive, and a More… |
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Egypt currency situation 'not worrying'Egypt's newly named central bank chief sought to reassure investors there was no need to be worried about the situation on the Egyptian currency market, saying the bank had "all the tools" to intervene if it saw s More… |
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Global shadow banking hits $67 trillionThe system of so-called "shadow banking," blamed by some for aggravating the global financial crisis, grew to a new high of $67 trillion globally last year, a top regulatory group said, calling for tighter control of More… |
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Spending 'key to beat global financial crisis'The way out of an economic downturn is to spend and invest but instead what we are seeing at the moment are governments that think we should cut back and introduce austerity, said a leading Harvard professor. "But historically that has nev More… |
