Global News Journal

from Raw Japan:

G7 drink row adds to Japan government woes

February 16, 2009

Japan's finance minister denies he was drunk at a G7 news conference but opposition lawmakers sense blood in the water and are demanding he be fired, adding yet more pressure on a deeply unpopular government that faces an election this year.

from MacroScope:

Political poster child?

January 7, 2009

George Alogoskoufis is a hardly a household name outside Greece and EU financial circles. But the newly sacked Greek finance minister could yet become a poster child for politicans struggling to fight off economic decline and banking industry collapse. His demise was in large part due to a public perception that he was helping out the banks but ignoring rising joblessness.

China, and the slowdown showdown

December 16, 2008

America caught a cold and now China has one too. 

IMF chief Dominique Strauss-Kahn said on Monday that the Fund could cut its forecast for China’s economic growth in 2009 to around  5 percent. To think that only last year China was galloping at a double-digit clip. It’s staggering, and it’s worrying.

The political price of recession

November 24, 2008

As journalists, we spend a lot of time watching politicians and policies to guage their impact on financial markets and economies. Now, as recession takes an inexorable hold in the Asia-Pacific region, we’re watching for the impact on politicians themselves.

Asian Contagion Redux

November 24, 2008

    The Indonesian rupiah has lost more than a fifth of its value against the dollar so far this year and on Friday hit its weakest point since August 1998. Authorities swooped in to take over an
insolvent Bank Century, the first such takeover since the Asian financial crisis a decade ago.

from Global Investing:

Never Mind The Bankers

November 17, 2008

Malcolm McLaren, the man who gave us The Sex Pistols, has found the real punks -- bankers. In an interview with Britain's The Observer, he says punk was not just about spiky hair and ripped t-shirts.