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Huge Chinese banks make presence felt

CHINA’S leviathan top-five banks have set up shop in Australia in a growing engagement with local lenders that contrasts with the aggressive Chinese ownership strategy they are funding in the resources sector. Last March, when Agricultural Bank of China set up a representative office in Sydney, it filled out a ...

British Minister Resigns Over Personal Expenses

The minister, David Laws, a 44-year-old lawyer and former investment banker, had won widespread praise for his authoritative handling of his portfolio as chief secretary to the treasury, which made him one of the most prominent members of Prime Minister David Cameron’s three-week-old government. The circumstances of his resignation were ...

British Minister Resigns Over Personal Expenses

The minister, David Laws, a 44-year-old lawyer and former investment banker, had won widespread praise for his authoritative handling of his portfolio as chief secretary to the treasury, which made him one of the most prominent members of Prime Minister David Cameron’s three-week-old government. The circumstances of his resignation were ...

‘India’s well placed for another recession’

Hisvoice and views dominate the world of economics; a Nobel laureate who’s not shyof taking on the global establishment and the wisdom of the day. He’sJoseph Stiglitz, who was once given the pink slip by the World Bank. Vikas Singh& Shubham Mukherjee pick his brains for TOI-Crest over a cup ...

‘India’s well placed for another recession’

Hisvoice and views dominate the world of economics; a Nobel laureate who’s not shyof taking on the global establishment and the wisdom of the day. He’sJoseph Stiglitz, who was once given the pink slip by the World Bank. Vikas Singh& Shubham Mukherjee pick his brains for TOI-Crest over a cup ...

‘India’s well placed for another recession’

Hisvoice and views dominate the world of economics; a Nobel laureate who’s not shyof taking on the global establishment and the wisdom of the day. He’sJoseph Stiglitz, who was once given the pink slip by the World Bank. Vikas Singh& Shubham Mukherjee pick his brains for TOI-Crest over a cup ...

Wealth Matters: Teaching the Value of Work to Children of Wealth

“As a parent who has worked his whole life and has had a little bit of success in my career, one of the huge life lessons I learned early on is the value of a dollar,” said Mr. Hayworth, whose bank is based in Coral Gables, Fla. “Particularly for children ...

Battered by recession, three investment firms took different paths to survival

These days, Walton spends his time at his mountainside retreat 60 miles west of Washington, driving a pickup and tending to his three terriers. The business model that gave rise to his success is now in shambles, brought low by the 2008 financial collapse. “I went long on the U.S. ...

Quitting the day job to go hiking

Steve Silberberg, 48 Then: Computer programmer; Now: Hiking guideBy Josh Hyatt, contributorMay 28, 2010: 11:30 AM ET (Money Magazine) — On those Mondays when he returned from a week of hiking, Steve Silberberg felt renewed. “My clothes fit better and my disposition was improved,” he says. Wanting to have that ...

Oil industry lashes out at drilling ban

By Ben Rooney, staff reporterMay 28, 2010: 5:53 PM ET NEW YORK (CNNMoney.com) — The extended ban on deep water oil drilling could have broad economic consequences, an industry group said Friday, leading to potential job losses and higher energy prices. The American Petroleum Institute, the main U.S. trade association ...

BP spill clouds future of U.S. oil drilling

Just weeks after the Obama administration was on the verge of loosening the nation’s policy on offshore oil drilling, the massive BP oil spill in the Gulf of Mexico has caused an abrupt reversal. The full impact won’t be clear until the scope and causes of the Deepwater Horizon disaster ...

BP spill clouds future of U.S. oil drilling

Just weeks after the Obama administration was on the verge of loosening the nation’s policy on offshore oil drilling, the massive BP oil spill in the Gulf of Mexico has caused an abrupt reversal. The full impact won’t be clear until the scope and causes of the Deepwater Horizon disaster ...