Top Stories

The numbers from the ongoing credit crunch are rolling in, and they are ugly. The International Monetary Fund last week projected in its Global Stability Report that US$945bn in... 2008-04-11

On April 3 the President of Venezuela Hugo Chavez announced the nationalisation of the cement industry. However, it is now unclear what degree of nationalisation will take place.... 2008-04-10

Vikram Pandit, Citigroup's chief executive since December, has begun a major overhaul to enhance efficiency and beef up its balance sheet. The new strategy began in January and Citigroup... 2008-04-04

Preliminary figures from Dealogic on global M&A show that the first quarter has been the least active in terms of deal value since 2004. M&A was valued at US$625bn, down 40%... 2008-04-04

Ben Bernanke appeared before the Joint Economic Committee (JEC) on April 2 to update Congress on the outlook for the US economy, but the run-up to the Chairman's speech became more... 2008-04-04

Emerging markets are fuelling the luxury goods industry, by accounting for around 30% of global sales at present. As these economies develop, their large populations are demanding... 2008-03-28

Some of the world's largest pension funds are gradually becoming less risk-adverse. South Korea's pension fund, the National Pension Service (NPS), announced on March 20 that it may... 2008-03-28

Fears of a rival bidder coming in for Bear Stearns look to have been assuaged with the news that JPMorgan Chase will pay US$2.1bn instead of US$236mn for the beleaguered investment... 2008-03-26

One of the issues yet to be dealt with surrounding the Bear Stearns rescue deal is the question of whether Bear can continue funding its commitments to its various buyout and venture... 2008-03-20

Although rumours suggested that in the current volatile climate credit card network VISA would not be able to go through with its initial public offering (IPO) last week, the company... 2008-03-20