Saturday, 18 October 2008
Private equity firms diversify to ride market dips
Gone were the days when it was possible to buy companies at realistic prices with cheap debt, and rely on balance-sheet restructuring and rising valuations to create equity value.
Banks may compensate victims of ‘mis-selling’
Focus on ‘vulnerable’ customers who bought Lehman-linked products
Sales of premium cars and sports models hit the brakes
When you are wealthy and worried about the current economic mess, you’re more than likely to immediately stop buying more jewellery, wine futures and yes, that new car too.
It looks more like the end of the beginning
A prominient businessman recently said of the US$700 billion US Treasury bailout plan that it didn’t mark the beginning of the end, but rather the end of the beginning.
Slippery Side-Bets That Hurt Casinos
It is not just the shadow of a downturn that the casinos have to ward off. It is also the spectre of side-betting. This practice is rampant in Macau, often carried out right under the nose of the casinos, and yet they are helpless to staunch the massive revenue haemorrhage.
Shang Says Beijing Will Roll Out Measures to Boost Stock Markets
The central government is planning undisclosed policy measures to boost its ailing equity markets and defuse mounting hostility from investors who have seen the value of their shares dive in recent weeks.
Shanghai Eyes Tax Breaks for Funds
Shanghai is considering tax and other incentives to lure venture capital, private equity and hedge funds to the nation’s financial hub, according to a senior city official.
Lehman Analysts Still the Best Despite Bust
Lehman Brothers Holdings may have gone bust but their analysts were unbeatable. For a sixth year, the now-bankrupt investment bank was home to Wall Street’s smartest stock market analysts, according to Institutional Investor magazine.
Credit Crunch Leaves Shipyards High and Dry
The credit crunch is taking a toll on mainland start-up shipyards, resulting in massive delivery delays, according to a report by global ship broker Clarkson.
Bank ‘War’ Ahead?
Savers could switch to foreign banks with higher returns but local banks are fighting back
Trader Takes Own Life Over Large Losses
An S&P 500 futures trader died of a self-inflicted gunshot wound just hours after losing several million dollars Wednesday, one of Wall Street’s most volatile days.
Buffett’s “Buy Now” Call Gets Lukewarm Reception
Warren Buffett tried to persuade demoralized investors the U.S. stock market is not falling off a cliff. Not everyone was immediately convinced.
Friday, 17 October 2008
Recession May be Deepest Since 1970s
The U.S. economy is showing disturbing similarities to patterns seen in the painful recessions of the mid-1970s and early 1980s and it may be a year or more before it resumes anything near normal growth.
Woman pours excrement on ex-husband’s home
A woman in Shanghai splashed excrement all over her ex-husband’s residence after the man failed to make child support payments, according to a local newspaper.
China’s reform, opening up bring big change in people’s thinking
The biggest change brought about by China’s 30 years of reform and opening up is one in the thinking of the Chinese people, said David Lampton, professor from Johns Hopkins University, in a recent interview.
China’s Property Market Under Microscope
The central government is closely monitoring the property market after 18 cities including Shanghai launched various measures to arrest falling property sales, a senior official said Thursday.
Shanghai, Beijing auctions draw poor response from developers
Land put up for auction by the Shanghai and Beijing municipal governments has either been withdrawn or generated poor response as developers tightened their purses amid the global credit crunch.
Has the Dow hit the bottom yet? Analysts are divided
After two weeks of triple-digit swings and heavy losses, investors and market watchers are wondering just when the US bear market will hit bottom.
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