UK will find it hard to change climate change 1 Nov 2006 The Stern Review asks for an 80% reduction in global carbon emissions. That might be achievable there are some impressive precedents. But reductions in air and water pollution had more powerful supporters and clearer benefits. And globalisation may not go Stern s way.
Deutsche Bank Q3 propped up by one-offs 1 Nov 2006 This seems to confirm a picture of capital markets earnings coming under pressure. If it continues, Deutsche will be in the firing line. The figures weren t too bad. The German bank didn t suffer a UBSstyle crunch. But equity trading revenues still dropped sharply.
Did David-Weill sell out on the cheap? 1 Nov 2006 Thanks to Lazard's ballooning value since its IPO, the $1.6bn its former chairman extracted for the capitalists would now be worth 25% more. But the boutique's run of form is due to a cyclical peak in the M&A market. Perhaps DavidWeill's deal won't look so bad in the end.
China lets the good times roll 1 Nov 2006 China s going full steam ahead, and why not? A severe Chinese slowdown would cause a banking crisis, which isn t otherwise imminent while nice foreigners pour money into Chinese banks.