Category: Economics
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From Wall Street to Beijing: Global Finance Has New Rules, New Players
The rising power of hedge funds and private equity investment, continued sharp competition among Wall Street firms, and growth in China and India are the key drivers of global finance today, according to industry leaders at a recent Wharton Finance Conference whose theme was From Wall Street to Beijing: Thriving in a Changing Environment. Speakers…
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Soaring energy costs, alongside competitive pressures and huge trade imbalances, are pushing the global economy closer to a tipping point, says Scotiabank Chief Economist
TORONTO, Oct. 11 /CNW/ – While the global economy expansion was still on track in the waning days of summer, the negative fallout from a growing list of natural disasters, related energy market turbulence and periodic terrorist attacks points to slower growth during the fall and winter, according to Scotia Economics’ flagship report, Global Outlook…
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Group Claims Investing Abroad Helps U.S. Interests
(AXcess News) Washington – Getting Afghan girls into school, combating the spread of HIV in Rwanda and helping to monitor the Amazon forest in Brazil have proven to be rewarding deals for American businesses investing abroad. The Center for Global Engagement, a new U.S. government group, recognized 12 success stories of American investments abroad at…
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Who’s Afraid of China Inc.?
WILLIAM A. REINSCH, an avowed free trader, welcomes China’s rising stature in the international economy. After all, he is the president of the National Foreign Trade Council, an organization founded in 1914 to promote an “open world trading system.” Indeed, when he was a senior trade official in the Clinton administration, Mr. Reinsch was chided…
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The Future of the Dollar
By Clyde Harrison – CHICAGO (ResourceInvestor.com) — Leo Malamed is known as the Father of the derivatives market. I started in the investment business in 1968, so I was around when the baby was born. In 1968, the Mercantile Exchange wasn’t well known as they only traded eggs and pork bellies. The Exchange being made…
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Striking out inflation
Dick Fisher is the spanking new president of the Federal Reserve Bank of Dallas and a voting member of the Fed’s open market committee policy arm. A terribly bright guy, he is somebody who reads the research memos and looks at the data. He may be a Democrat — he served as deputy trade representative…
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The Strange Tale of the Bare-Bottomed King
They say never sell America short and with good reason. Any country whose equity market has been able to crank out 6.8% real returns annually over the past century stands as a formidable obstacle for any speculator willing to bet the “don’t come” line. The odds of winning a long-term wager laid against the U.S.…
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China Changes Offshore Investment Rules, Venture Capital Cools
Global venture capital funds slowed offshore investment into Chinese companies in the first quarter after the country’s foreign exchange regulator issued rules that may hinder international share sales and capital raising by China businesses. Chinese residents must for the first time get approval from the State Administration of Foreign Exchange before starting or investing in…
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Greenspan or Buffett? Asia Mulls Who’s Right
Even though his bet against the dollar cost him $310 million in the first quarter alone, Warren Buffett is sticking with it. Alan Greenspan seems less worried about the world’s top currency. Who’s Asia to trust when the two most revered U.S. gurus in this region are at odds? The issue is far from academic,…