WASHINGTON | By Pablo Pardo | Seldom a book has made such a big splash in the financial markets as Michael Lewis’s Flash Boys. In just a matter of days, and partly to a superb segment in CBS’s 60 Minutes, Mr. Lewis has put something as arcane as High Frequency Trading (HFT) in the front page of American newspapers, and even to force the suspension of the IPO of one of the industry’s giants, Virtu.
Iris Mir |Chinese brand Haier went from a disastrous inefficient brand to the world’s biggest household appliances manufacturer thanks to its CEO, Zhang Ruimin, innovative entrepreneurial thinking. The ideal scenario for China would be that many local brands could achieve Haier’s reputation and capacity for innovation. And thus they’d become Ambassadors of a new made in China, most sophisticated and exclusive. A substantial consolidation of domestic demand and the development of a new industrial structure may be paving the way for this dramatic transition to happen.
MADRID | The Corner Team | Exports are pumping fresh air into the Spanish economy. The recession-hit country’s trade deficit plunged by a further 53.5 per cent in July, officials said on Friday. The government is banking on foreign trade to be an engine of the recovery.
Roderick Parkes| If the free trade agreement between the US and Europe remains so appealing, it’s because nobody has actually shown that the EU could flourish without it.
“The Spanish trade balance shows that Spanish companies have the capacity to find alternative markets when the usual domestic clients slow down their demand,” Bankia Bolsa explained in a report.
By CaixaBank research team, in Barcelona | The rise of prices below the government’s target of 4% has created further room for expansionary policies. Hence the government cut the official interest rate by 25 basis points, down to 6.31%, at the beginning of June, and reduced the cash reserve ratio by 50 basis points in mid-May. For the remainder of the year, we predict further reductions in the cash reserve…
The implications of recent developments in Catalonia's export activity are bound to agitate the political scene of the region more than its economic stand, which remains at a deficit of around €15 billion. According to the statistics institute of the autonomous government, the Generalitat, Catalan exports to non-Spanish markets in 2011 were higher for the first time than those to Spain: the regional department for the Economy said the international trade percentage…
NEW YORK | “Errors”, “sloppiness” and “bad judgements”. Whatever. The fact is that JP Morgan’s CEO Jamie Dimon, no matter what he pleads, is the ultimate responsible for the bank’s 2 billion dollars loss through risky trade with its own money. A big embarrassment that made their stock price plummet around one tenth of their value on Friday session dragging the rest of the banking sector. Washington, Wall Street and financial…
A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions. A weird US town teaches a lesson on small business survival La Camorra never sleeps European banks and capital reserves: never enough? Arguments inside the IMF Ha. Traders protest the system is not fair US…