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Wednesday
03 December 2008
07:31 GMT
Financial News Feeds From the paper 01 Dec - 07 Dec
Time for Citi’s board to step up – part II
The financial crisis has cast light on some very complex structures that are difficult to understand – and few more so than the board of directors of Citigroup.
Marginal trading defies market logic
Here is one for historians. What was the reason for a 22% rise in the share price of Gooch & Housego, an optical components manufacturer from the south-west of England, on its first day of trading on London’s Alternative Investment Market, more than a decade ago?
Obama takes first step to recovery
The good news is that President-elect Barack Obama has moved swiftly and boldly to end the policy impasse that has frozen credit, spooked markets and ignited fears of yet more bailouts.
Where were the investors?
Many years ago, in the wake of devastating urban riots, the UK Home Secretary of the time sought to deflect accusations that there were insufficient police forces to deal with the crisis.
Time to signal your strength… or your panic
It was in the demanding conditions of the 1930s that Benjamin Graham and David Dodd wrote: “The prime purpose of a business corporation is to pay dividends to its owners.”
Saudi Arabia keeps up its defences
Riyadh, the capital city of Saudi Arabia, is in a curious location – the middle of the desert and nowhere near any water. Apparently that is because it is high and was easily defended by the tribes of the day. High and defensive. It might be a good way to describe Saudi Arabia today.