Business Comment
Hamish McRae: Dubai crisis will prompt investors to look critically at sovereign debt
Economic Life: Dubai made the classic mistake that the maturity of the debt did not matter as it could always be rolled over.
Inside Business Comment
James Moore: Water boys the winners with Ofwat?
Friday, 27 November 2009
Outlook Northumbrian Water's response to Ofwat's final decision on how much it can squeeze out of its customers over the next five years was a really quite outstanding piece of corporate verbal diarrhoea which said absolutely nothing.
James Moore: Mr Bolton with Chinese characteristics
Friday, 27 November 2009
Outlook When Anthony Bolton speaks, it usually pays to listen. Quite literally, given the way Fidelity's Special Situations fund performed when he was in charge of it.
David Prosser: How to hold the bankers to account
Thursday, 26 November 2009
Outlook It is difficult to find much to disagree with in the recommendations made today by Sir David Walker for reform of the way banks are run. Yet those who hoped Sir David's report, commissioned in the wake of the worst financial crisis in living memory, would be a watershed in banking accountability and disclosure will be disappointed. There's plenty of worthy stuff in there, but not much drama.
David Prosser: Dubai slides further into financial crisis
Thursday, 26 November 2009
Outlook All is not well in Dubai, once a gleaming advertisement for the global economic boom. Dubai World, the state-owned conglomerate that includes the property developer Nakheel (responsible for the Palm Jumeirah) and DP World (the buyer of P&O's ports business), wants creditors to give it a six-month standstill on its $4bn of debt. Yesterday's announcement of that request sent much of the Middle East into a panic, with the cost of insuring against Dubai defaulting on its debts rising by a third almost immediately.
David Prosser: This bank error is not in your favour
Wednesday, 25 November 2009
Outlook So it is D-day for the banks, from whom an enormous weight could be lifted this morning, if the Supreme Court rules that the Office of Fair Trading has been exceeding its powers by investigating their unauthorised borrowing charges. At a stroke, such a ruling would end the campaign, lead by The Independent, for compensation for millions of people overcharged since 2001.
David Prosser: Honesty is always the best policy
Wednesday, 25 November 2009
Outlook The scale of the loans provided in October 2008 to HBOS and Royal Bank of Scotland are breathtaking, but the fact the Bank of England has managed to keep them secret until a time of its own choosing is also interesting. A little over a year previously, when news leaked out that the Bank was providing emergency funding to Northern Rock, there was a noisy protest that the lender of last resort could no longer intervene discreetly before banking crises got out of hand. But this is exactly what the Bank then managed to do at HBOS and RBS, thanks to new powers given to it following the Rock affair.
Econoblog: A victory over facile consumerism
Wednesday, 25 November 2009
The Supreme Court ruling on the banks may go against expectations, but that doesn't mean it is wrong.
David Prosser: Hit Google where it really hurts
Tuesday, 24 November 2009
Outlook: The world's news organisations produce around 5 per cent of the top results in a typical Google search
Sean O'Grady: Bank's plan is perfect, and flawed
Monday, 23 November 2009
Excessive leverage turned what should have been an adjustment into a credit crunch
Julie Meyers: What the UK can learn from the US attitude towards entrepreneurialism
Monday, 23 November 2009
Gerard Hendrik Hofstede called National Culture the Software of the Mind in his seminal book by that name. Many things about growing up in America support entrepreneurship.
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• Steve Richards: The real reasons why Blair went to war
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