The UK government’s nationalisation of Northern Rock has brought forth a predictable ‘back to the seventies’ chorus of disapproval from opposition politicians and the press.
In British political debate, the 1970s has been demonised as an economic dark age; a time of power cuts, striking unions toppling the …
The European Union is scheduled to request increasingly maligned sovereign wealth funds to accept a voluntary code of conduct in Brussels tomorrow (Wednesday).
SWFs look set to replace private equity groups in 2008 as the global financial system’s bogey man as Governments grow increasingly wary of these state-backed …
There may be some life yet in the few staunch communist idealists around the world.
This week has proved to be an eye opener perhaps for those who thought the West won out back in 1989 and have been too caught up in the globalisation-facilitated spend-a-thon of the …
For the superstitious among us, it may be more than coincidence the value shed by global equity markets in January – US$5.2 trillion – is the same amount of money held in domestic savings accounts in China.
Chinese banks are better placed than most to thrive in a …
The Commonwealth Bank of Australia partly achieved its goal of being different last week – be it for the wrong reasons – after copping a dual bashing from both the Federal Treasurer and one of the country’s leading ad-men.
First, the bank reaped the whirlwind from Treasurer, Wayne Swan, …
Melbourne-based Australian Unity is cleverly playing on the fact modern life bombards consumers with so much information it makes basic sense to seek advice and guidance when it comes to financial services.
The group is promoting itself in a slick new campaign that highlights how an eight-year old …
