Archive for April 8th, 2010

Another breather, with a red tinge. I-Net Bridge with the data, read by Lindsay… »

We go to Chile where the commodity temperature is anything but. Our man in Santiago is George Cheveley from Investec Asset Management… »

We try to avoid the P word, but it’s occasionally unavoidable. Fred Khumalo from the Sunday Times runs us through the extraordinary nonsense of today and the last week. Don’t miss Fred in conversation with Lindsay… »

Gold is at a record high today; but in which currency? No matter, the future looks bright for the whole complex. Lindsay Williams chats to an analyst about the robust… »

South African mining production increased by 5.8% year-on-year in February 2010 after climbing 9.7% in January 2010, data released by Statistics South Africa on Thursday showed.
The January production figure was revised upward to 9.7% from 7.7%.
This is the second consecutive positive annual growth since December… »

Johannesburg, Apr 8 (I-Net Bridge) - The South African Chamber of Business’ (SACCI) Business Confidence Index (BCI) increased by 0.2 index points in March to measure 83.2.
The level for March 2010 is 4.3 points higher than in March 2009 - the first year-on-year increase since September 2007. The BCI registered its lowest… »

Only in America could the man responsible for interest rates and banking regulation at the time, Alan Greenspan, incredulously insist, as he has again in testimony to the Financial Crisis Commission, that he had very little to do with it.

And only in America could you imagine the story of a one-eyed neurology intern with undiagnosed… »

“The aftermath of the financial crisis is poised to bring a simmering fiscal problem in industrial economies to the boiling point”, said the Swiss-based bank for central bankers — the oldest and most venerable of the world’s financial watchdogs. Drastic austerity measures will be needed to head off a compound interest spiral, if it is… »

Alan Greenspan, former chairman of the Federal Reserve, sprayed blame for the credit crisis on rating agencies, government-sponsored mortgage finance companies and lax law enforcement agencies yesterday in testimony to a commission of inquiry, but he admitted no specific mistakes himself.

He insisted the Fed had done what it could to warn of the dangers of… »

A former Citigroup manager warned risk managers at the troubled bank as early as 2006 that his division was selling billions of dollars worth of rotten loans to investors.

At the height of America’s property boom Citigroup was buying about $50 billion of mortgages a year, which it sold on to investors with a guarantee that… »