The truth about Asian investment banking

The truth about Asian investment banking

Reality bites

China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

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July 2007

LA round up: Hugo Chávez watch

Oil firms Exxon Mobil and ConocoPhillips have pulled out of Venezuela following president Hugo Chávez’s latest round of nationalizations, in which he proposed huge increases in state participation in projects run by the two US companies and four others.


Energy minister Rafael Ramírez described the move as "an act of sovereignty", whereas his US counterpart, Sam Bodman, expressed concern at the...


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