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?

The truth about Asian investment banking

November 2008

FX round up: The new sub-prime?

The huge losses being reported by corporates from emerging markets around the world suggest that not all is as rosy in FX as might have been reported.


Although optimism remains high that the FX market can continue its overall strong performance of recent years, a few doubts are starting to creep in. Much has been made of the acceptance of FX as an...


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