LEX
Resources
Lex by email
Sign up
FT.com subscribers can now receive three email packages: Lex live, Lex alerts and Best of Lex
Principal content
UK public finances
Those hunting for ugly economic facts will find a surfeit of them in Britain. Could the real horror show be the public finances?
A noble calling
Noble Group has certainly rewarded investors handsomely, providing total returns almost treble those of the Singapore benchmark index in the past five years
Valuation fashions
It is hard to think of analytical approaches that are more penal and less adept at capturing long-term prospects than the stark analytical trend to treat banks harshly
European earnings
Aggregate European earnings are still expected to grow by 6 per cent in 2008, and accelerate again by 10 per cent in 2009
Asian bond markets
That didn’t take long. Barely three months after emerging markets began doling out food subsidies and slashing import tariffs, the damage is writ large in local bond markets
Global imbalances
The cure was said to be a cheaper dollar and a US recession. Now that America’s currency has dropped by about a quarter on a trade-weighted basis since early 2002, and its economy has ground to a halt, are global imbalances being resolved?
AIG’s record loss
On top of their shock at American International Group’s record quarterly loss, investors were left bemused by the company’s mixed signals regarding its balance sheet
The ECB’s wisdom
The European Central Bank’s inactivity is looking masterly. Since September the Federal Reserve has cut rates by 250 basis points to 2.25 per cent
Renminbi revaluation
Is China’s once-resurgent currency running out of steam? Expectations of renminbi appreciation, according to the futures market, have tapered off in recent days
Vallejo goes bust
Legislators are battling with Vallejo’s leaky finances – the US city is filing for bankruptcy. The median property price has tumbled by about one-third since March 2007
