Korean stocks are on fire. The benchmark Kospi index has set a record above the 1,200 mark, making it Asia’s top performer this year – up 37%. The market’s tailwind comes partly from the robust …
In the global struggle for dominance of investment markets between the optimists and the pessimists, the optimists continue to win. Share prices continue to rise, with some nervousness apparent in America offset by great strength …
Recent data, despite some eye-catching headlines, do not have straightforward implications for monetary policy. Those counting on a quarter-point rate cut during the fourth quarter may be disappointed. The recent national accounts release left quarterly …
The Chinese have not given up their determined pursuit of scarce energy assets. Chinese National Petroleum Corp. – China’s biggest oil producer – succeeded in its $4.2 billion bid to buy PetroKazakhstan, a Canadian company. …
Federal Reserve Chairman Mr Alan Greenspan appears (in a speech on 25th September) to have dropped his concerns regarding the dangerous bubble clearly evident in the US residential property market and the potentially adverse impact …
It was a “landslide victory… for muddle”, says Conrad de Aenelle in the International Herald Tribune. Markets had been counting on a coalition of the conservatives and their pro-business liberal allies to accelerate economic reform …