Former Moody's exec didn't know Paulson shorted ABACUS (Reuters)
A former senior official at Moody's Corp on Friday said he did not know hedge fund manager John Paulson was shorting a Goldman Sachs derivatives product when he was rating it. us.rd.yahoo.com |
The express route to China (at FT.com)
China is the most seductive growth story of our age. The most populous nation on earth has already transformed itself into an economic superpower and shows no signs of stopping. Even as the worst slump since the 1930s struck the world in 2009, China kept expanding at a rate that others could only dream of. us.rd.yahoo.com |
Nawras boosts share sale hopes
[at Financial Times] - After many false dawns and premature predictions of a recovery, the Gulf may finally about to see a significant initial public offering outside Saudi Arabia, the only regional market to have witnessed a successful flotation so far this year. us.rd.yahoo.com |
Bankruptcy for Luxury Travel Club Ultimate Escapes
[at BusinessWeek] - Falling victim to the sluggish economy, the six-year-old upscale travel club faces debts of $100 million to $500 million us.rd.yahoo.com |
Japan illustrates conundrum of deflation
[at Financial Times] - Last year, the Bank of Japan surveyed its population about attitudes towards deflation. You might have thought this would paint a picture of pain, if not panic. After all, during most of the past decade, as Japanese prices gently drifted down, Western economists and policymakers have recoiled in horror; "deflation" has been a dirty word. us.rd.yahoo.com |