Categories: Finance

Casino Trading: China's Nasdaq-style Exchange Opens

Posted by: Frederik Balfour on October 30

China’s newest roller coaster opened today in Shenzhen. It’s called ChiNext, and is the country’s answer to Nasdaq. The long awaited bourse has been nearly 10 years in the birthing,...

In India, a Sigh of Relief Over Rajaratnam's Sri Lankan Birth

Posted by: Mehul Srivastava on October 20

Here in India, newspapers are following the Galleon hedge fund insider trading scandal with just a little bit of relief - "Thank god," you can read between the headlines. "He's...

China to sell Yuan "Panda Bonds" in Hong Kong

Posted by: Frederik Balfour on September 09

China’s yuan is set to move closer to becoming an international currency with the announcement by Beijing that it plans to raise $880 million in the first ever sovereign sale...

Foreign Banks Reap Handsome Profits Cashing out of Chinese Banks

Posted by: Frederik Balfour on June 10

One of my alert New York editors [hat tip to Cristina Lindblad] sent me this nice little story from the Deal which points out how foreign banks including Bank of...

Dead Rio Tinto Deal Signals End of China's Buying Opportunites

Posted by: Frederik Balfour on June 05

A few months ago, when major banks around the world were struggling for survival, the deep-pocketed Chinese were the only bidders around. With more than $1.7 trillion in foreign reserves...

Japanese Investors Dumpster Dive For Junk (Bonds)

Posted by: Kenji Hall on May 01

The global financial crisis left many Japanese investors with a lot less than they started off with. Japanese investment trust funds--which are similar to mutual funds in the U.S.--lost 37%...

Currency Scandal at CITIC Topples One of China's Richest Men

Posted by: Frederik Balfour on April 08

One of China's mightiest has fallen. Billionaire Larry Yung, one of China’s richest men, and original poster boy of “Red Capitalism” has quit as chairman of Citic Pacific in the...

Morgan Stanley, Mitsubishi UFJ To Merge Securities Biz in Japan

Posted by: Kenji Hall on March 26

This week was a busy one for Japan’s biggest bank, Mitsubishi UFJ Financial Group. On March 23, the bank announced that it would lay off 1,000 employees and shut 50...

Japan's Central Bank Follows Fed with Rate Cut

Posted by: Kenji Hall on December 19

Japan’s central bank is inching back to familiar territory. Three days after the Federal Reserve lowered interest rates to help banks and businesses raise cash and help the economy through...

Japan Central Bank May Join Fed, ECB in Rate Cut to Calm Markets

Posted by: Kenji Hall on October 29

Could the market turmoil force Japan’s central bank to push interest rates even lower than 0.5%? That’s one possible outcome of the Bank of Japan’s monetary policy meeting on Oct....

Islamic Finance: safer than Wall Street?

Posted by: David Rocks on October 15

I spent the past few days in Kuala Lumpur at a conference on American relations with the Muslim world sponsored by the Brookings Institution, the Asia Foundation, and Malaysia’s Institute...

What Credit Crunch? GE wants to buy in India

Posted by: David Rocks on October 12

Even as the financial world seems to be crumbling and General Electric's profits are headed south, the company may be looking for acquisitions in India. The other day my colleague...