Blingtastic
This week Dubai, the glitzy debt-fuelled emirate that makes Paris Hilton look short on bling, announced that it is seeking a standstill on repayment of part of the debt of Dubai World, a state holding company.
//Read More
Accentuate the positive…up to a point
On the third Friday of every month the US Bureau of Labor Statistics releases its preliminary data on non-farm payrolls, which are seen widely as a barometer of the broader economic picture in the US. Markets move significantly on the basis of these figures, so there is always a keen sense of anticipation on trading floors about what "the number" will be.
//Read More
Forgotten but not gone
This week the pound fell from a three-month high against the dollar after Fitch Ratings said the U.K.'s sovereign credit rating is most at risk among top-rated nations. David Riley, Fitch's head of "global sovereign ratings" said Britain needs the "largest budget adjustment" among countries it rates AAA.
//Read More
For the love of Goldman…
This week´s edition of the Sunday Times has a supplement dedicated to understanding the particularly polarising topic that is Goldman Sachs.
//Read More
The Pot calling the Kettle black…
This week the Federal Deposit Insurance Corp (FDIC) - the body responsible for insuring US bank deposits - took over its 100th failed bank. That's a lot of banks.
//Read More
