China’s listed banks still at behest of state 16. December 2010 Rahul global perspective (0) Interesting article by Henny Sender at the Financial Times that talks about how all of China's large banks are controlled by the Communist party to further it's own agenda. They are not driven by cost of capital and profitability considerations. She contrasts this with the respect for cost of capital in India.
From West to East – HSBC Global CEO 27. July 2010 Rahul global perspective (0) HSBC Group CEO's speech on emerging markets, BRICs, CIVETS, India and the changed world order. Speech was made to the American Chamber of Commerce in Hong Kong in April 2010 (Log in for link).More...
European endgame 11. May 2010 Rahul global perspective (0) Europe came out with a shock and awe package of Euro 750 billion for the markets over the weekend. The markets heaved a sigh of relief and markets around the world rallied on Monday. However, the problem is one of solvency not liquidity. Market participants are equating this to the TARP bailout program put together by the US government in 2008. The reality cannot be more different. More...