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

July 2010

M&A: Retail therapy


US corporate buyers are finding rich pickings in Europe.


US tourists coming to Europe to go shopping over the summer is a tradition as established as European tourists flocking to New York for bargain-hunting weekends. This year, however, some US visitors have been looking for bargains in Europe that they aren’t planning to ship home.

According to Standard & Poor’s, 620 M&A deals have been announced in the past 12 months that involve a US acquirer and European target. Total cash and short-term holdings among...


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