The rising sun

The rising sun

Japan’s big banks, unburdened by heavy subprime losses, and stuck with sputtering growth at home, are once again investing and lending abroad, but investors should not expect a string of blockbuster buyouts. Only a few years removed from a bad-loan crisis that pushed many lenders to the brink of collapse and sparked widespread industry consolidation, […]
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A long a painful journey

A long a painful journey

Just how bad is the global economic outlook? The lack of a consensus answer to that question is telling. Normally, the financial institutions that steer the world economy show a degree of agreement. But these are uncertain times. The International Monetary Fund said recently that the credit crunch had cost financial firms a stunning $945bn; […]
Hungary: a magnet for FDI

Hungary: a magnet for FDI

As a result of EU accession on May 1, 2004, investors in Hungary find themselves in a single market of 493 million consumers with enormous potential for developing new markets and new horizons. At the geographical centre of the region Hungary is destined to become a bridge between present EU members and those countries on […]
The pole position – a blessing or a curse for FDI?

The pole position – a blessing or a curse for FDI?

Slovenia’s business makeover has not been a bumpy ride experienced by other economies in transition at the beginning of the 1990s. Slovenian companies were a target for foreign interest as early as in the late 1970s thanks to Slovenia’s manufacturers of household appliances, cars and commercial vehicles, furniture and garments. Conveniently nestled between Austria and […]
Specialising in economic analysis

Specialising in economic analysis

It isn’t just corporate bombast. It’s a reality many US businesses have already witnessed. For many corporates, transfer pricing is the most important issue any large global business has to face up to during the next five years. Tax authorities – including Her Majesty’s Revenue & Customers (HMRC) – are getting tough with any company […]
Economies braced for bumpy ride

Economies braced for bumpy ride

A year ago, it all seemed so much simpler. Following a bumper year in 2006, most economists were looking for a continuation of the good times into last year. Some talked about worries over the health of the US economy, but the expectation was that any downturn would be short-lived. Sub-prime may have been on […]
Selling England by the pound

Selling England by the pound

When I started in the City of London, the UK was entering a terrible period. Sterling was in free fall and the IMF were being called in by the then Prime Minister James Callaghan. His nemesis came in the form of Margret Thatcher who boldly stood on the election platform in 1979, tearing a Pound […]
Forex, the new futures?

Forex, the new futures?

1995 represented a major turning point in the financial markets. The futures markets ruled supreme with the tail wagging the dog in the underlying cash markets. Few saw the significance of 1995 though, as it marked the introduction of Windows 95 and Internet Explorer. However, the real change came in 2000 when DSL lines became […]
Banks’ losses fail to dampen bonus season goodwill

Banks’ losses fail to dampen bonus season goodwill

If large banks had suffered losses, it seemed logical that their highly-paid employees would share the pain. The reality is likely to be more complicated. Though several institutions have not yet reported their results, it increasingly looks as if the bonus pot shared between employees of the world’s largest investment banks will be larger than […]