- How Deep a Hole Has the U.S. Dug for Itself?
It may take several years for the U.S. consumer to cut household debt to acceptable levels and the world would do well not to depend on resumption of spending as the way out of the recession.
- News AM April 20
Taiwan Securities Official Signs MOU with Shanghai Bourse, Steel Executives Convicted for Tax Evasion, SMIC Posts US$440 Mln in 2008 Losses
- Banking Regulator Warns of Credit Risks
Liu Mingkang, chairman of the China Banking Regulatory Commission, told banks to be cautious about loan assessment and management to control risks.
- News PM April 17
China, Kazakhstan Sign US$ 5 Bln Oil Loan Agreement, Huadian Power Q1 Power Output Down, 1.1 Bln Shares Become Tradable in March, Hu Jintao Meets Kazakhstani President
- News AM April 17
Steel Industry Reports Increased Losses, Shougang 2008 Net Profit Drops, Banking Regulator Warns of Credit Risks, Chinese Navy Escorts Hand Over
- For Goldman Sachs, A Slower Pay Day is OK
Blankfien's call for pay reform on Wall Street is probably more posturing than penitence, as the Goldman chief exec knows there's no wrath like that of angry voters.
- News PM April 16
Yunnan Copper Reports 2008 Losses, China Agri-Industries to Form Port Logistics Arm in Tianjin, China Buys U.S. Bonds at a Slower Pace, Q1 Retail Sales Up 15%
- News AM April 16
Rural Home Appliance Sales Surge, Huiyuan Still Waiting for Buyers, First Quarter GDP Growth Hits Low of 6%, North Korea to Restart Nuclear Weapons Program