Word: commerciales
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Securities-lending is supposed to be a sort of Christmas club of high finance. Companies like insurers, which own tons of equities and Treasury bonds that they are holding long term, lend them out short term, often overnight, to borrowers who need the shares to fulfill other commitments. For instance...
For the Chinese government - and indeed, the global economy - a gathering deflationary bust in real estate is a big problem. So-called fixed asset investment accounted for 40% of China's GDP last year - an extraordinarily high figure - and real estate, both commercial and residential, accounted for about one-fifth...
My friend in Rangoon is a busy man. He manages a couple of companies in Burma's commercial capital, helps raise his children and regularly makes merit at a Buddhist temple. He also spends time tending to a plant that he knows is only grown to die. In Dec. 2005...
The solution Park divined was to hitch South Korea's future to an expanding global economy. The country used its cheap labor force to manufacture necessities like shoes and clothing to sell to consumers in the developed world, particularly those in the U.S. The strategy proved wonderfully efficient. It attracted...
“You know the first thing that happens when you turn on a Sega Genesis?” asked Shota Nakama, the guitarist at the Berklee Performance Center’s most recent sold-out concert. And in unison the entire audience, from the two five-year-old...