The music stopped early last year, when the housing bubble burst, triggering an economic slowdown in the all-important U.S. consumer economy, as house prices tumbled by 40 to 70 per cent where...
Shanghai, June 17 (Gasgoo.com) Many reasons are behind the free fall of General Motors Corp. (GM), which had put it on a slippery slope from being the world's top automaker for 77 straight years to filing for bankruptcy protection. The epiphany to China's auto industry can give multiple lessons, said Chinese media juggernaut People's Daily online.
* Publishers look to digital lessons of music industry * Digital books will not replace print books, experts say NEW YORK, June 2 - Publishers are learning from music labels' struggle to make online music...
NEW YORK, Sept 26 - Former U.S. President Bill Clinton warned rich countries on Friday that they should not learn the "wrong lesson" from the financial crisis and said it can be profitable to help...
Insight into the top ranks at the Internet giant.
* Buba's Weber says regulators must press ahead with reform * Says regulators must be stubborn, even when criticised * Deutsche Bank CEO - financial bubbles need to be studied * Says not much has...
By Wang Xinyuan United Commercial Bank's (UCB) closure had limited impact on Minsheng Bank's operations and profits, but it should keep domestic financial institutions on their toes when investing overseas, an analyst said. China Minsheng Banking Corporation, the eighth largest bank by asset val...
DENIAL OF DANGER The pace at which house prices and loose lending grew elicited some concern at the Federal Reserve, but not a great deal. In May of 2005 then Fed chief Alan Greenspan emphasized...
* Borrowers lack knowledge, lenders lack accountability * US response fuels moral hazard for consumers and banks * Experience shows warning signs ignored RIVERSIDE, California, Oct 16 - There is something about coming to this...