First, it was the Japanese. Moneymen from Tokyo blew into the United States to buy famous pieces of the American landscape, from Rockefeller Center in New York to the Pebble Beach Golf Links in California.
The funding crunch prompted by China's central bank was meant to teach a lesson to the Chinese banks that continue to embrace risky lending tactics. Link
Investors getting stung by China's worst financial market rout in years should find solace in the fact that the government, in particular Premier Li Keqiang, is willing to play hardball to force through much-needed policy change. Link
The three primary founders of listed private equity firm Asiasons Capital have tightened their grip on the company via injection of some $190 million in additional capital.
The mirror that China's central bank is holding up in front of the country's banks is providing uncomfortable viewing. Too many banks are reliant on short-term funding markets to survive, and a shake up in the sector is needed. Read on...