Can’t-miss stories from the web
Its main champion has been humbled. Confidence in the banking system is at an all-time low. Regulators are circling. Wall Street’s perfect storm may have arrived.
Shine coming off Australia’s resource boom
Falling commodity prices have resulted in an increasing number of cancelled or delayed mining projects down under.
The role of victims in Ponzi schemes
A new book on the history of Ponzi schemes sheds light on the gullibility and greed that makes such rackets possible.
Tin smelting goes dark in Indonesia
A three-month bear market in tin has forced Indonesia to idle about 70 per cent of its tin-smelting capacity, curbing the world’s biggest exports and setting the stage for a global shortage.
August sees a rise in hedge fund exit requests
SS&C GlobeOp’s forward redemption indicator is at its second-highest level this year.
It’s not just Mondays that suck
Turns out we hate all days unless they’re called “Friday”.
China makes an unprecedented liquidity injection
As in Rmb70-billion.