Pankaj Ghemawat

Europe : Summer Reading

Investigations, analyses and a rediscovered novel

Lending Binge

Astonishingly rapid lending growth appears to have rescued the Chinese economy but at what cost?

US : Signs Of Economic Cheer : Glimmers Of Hope

A Loan For Sri Lanka

The IMF offers Sri Lanka a $2.6 billion loan with relatively few strings attached

Rebalancing the Economy : China

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Rebalancing the economy: China

America's Recession : The Beginning Of The End

La Récession Est Terminée Au Canada

Here Today, Gone By 2010

Russia reserve fund is emptying fast

Minimum Wage in America : On The Breadline

Comparing the minimum wage across America

Europe's Patent Regime : A Patent Mess

Patent costs are higher in Europe than elsewhere

GM Auctions Opel : A Disputed Bid

General Motors and the German authorities differ over Opel's future

Upheaval at Porsche : Exit Wiedeking

The predictable end of a long battle for control of Porsche

CIT's Punitive Private Rescue : Afloat But Not Buoyant

Sweden : Nordic Banks Rise Above Regional Frailty

Nordea and Svenska Handelsbanken, Reported Healthy Earnings But despite Reporting Strong Profits, Nordea and Handelsbanken Expect Harder Times to Come

Baltic, Ukrainian Woes Push Swedbank Into The Red

Swedbank reported a big loss, and is to cut its staff in Russia and Ukraine and reassess its Baltic operations.

Sweden's SEB bank posts 2Q loss

Swedish banks exposed to eastern Europe’s sicker economies had a bad quarter. SEB made a small loss after writing off investments in Russia, Estonia, Lithuania and Latvia (where the IMF forecasts GDP to shrink by 12% this year).

Wells Fargo Shows Hefty Profit

Wells Fargo posted hefty earnings, but also revealed a sharp rise in bad loans.

Citigroup Delivers Surprise $4.3 Billion Profit

Citigroup made a profit of $4.3 billion, but it was saved from spilling more red ink only by the spin-off of its Smith Barney unit. Investors responded negatively to the news from both.

Bank of America Earns $3.2 Billion in Second Quarter

Bank of America reported a $3.2 billion profit, based mostly on one-time gains, such as selling part of its stake in China Construction Bank.

UK : Financial Reform More To Do

Banking reform should aim at those regulated, not just the regulator

America's Federal Reserve : On The Mend

The Fed's chairman talks up the economy

A Bloomberg poll found that 75% of global investors held a favourable view of Mr Bernanke’s handling of the financial crisis. The heads of the European Central Bank, the Bank of England and the People’s Bank of China had ratings of 54%, 50% and 42%. Timothy Geithner, America’s treasury secretary, got a 57% rating worldwide, although 52% of American respondents viewed him unfavourably.

Upheaval at Porsche : Exit Wiedeking

Wiedeking and Härter, in happier times
The predictable end of a long battle

Kenichi Ohmae

Domestic Despair

Ireland's economy is in free-fall

Decline Slows

Taiwan's deep recession may be easing

Arctic Peoples : Indigenous Prospects

The growing political and economic clout of Arctic peoples

The Big Mac Index : Value Meal

China's Recovery : A Fine Balancing Act

Is China's economic stimulus too much of a good thing?

Is Wall Street Back To Normal? Keeping Up With The Goldmans

Goldman Sachs’s record profits are not a signal to relax