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01/05/2008

Eyes on 'iPhone Economy,' P/Es

Around this time of year, market analysts drum up exquisite allusions to describe what has just passed and what lies head. This year, the folks at Fred Alger Management refer to "A Tale of Two Cities": "It was the best of times, it was the worst of times." Another pundit takes the astrological approach: "According to the Chinese zodiac,2008 is a year of danger."
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10/08/2008

Centre of the financial universe could soon be shifting east

Farewell Wall Street, hello Pudong? Seeking to profit from the U.S. credit crisis, other capitals of finance such as Shanghai, Singapore, Hong Kong, Mumbai and Dubai are bidding to usurp New York's status as the place to go to raise money, trade stocks or get financial advice.
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