Asia Infrastructure Investment Bank

Asia Infrastructure Investment Bank

Chinese President Xi Jinping launched the new “Asia Infrastructure Investment Bank” (AIIB) in Beijing on the 16th Jan 2016. The AIIB represents a shift in global lending from global banks like the International Monetary Fund (IMF) or the World Bank, as is...
Wall Streets’ Capital Markets are down by 15%

Wall Streets’ Capital Markets are down by 15%

Goldman Sachs said in a note on 22nd Feb 2016, that the first quarter capital markets revenues are down by 15%. This is the weakest in recent history. It looks like that 0.5% increase in US interest rates is having an effect. The banks know its coming, and the number...
Chinese Stock market halted

Chinese Stock market halted

This is the second time the chinese stock market has halted trading. Chinese stocks plunged Monday, spurring a trading halt for the rest of the session, and other APAC stock markets after feeble manufacturing surveys revived concerns over the mainland’s economic...
The Dick Smith Heist

The Dick Smith Heist

So Dick Smith (DSH) has just gone into liquidation after listing in 2013. What happened? Private equity group Anchorage Capital bought Dick Smith from Woolworths in 2012 for an initial payment of just $20m. Anchorage then “dressed the company up to look good for...