@Revolution:Global Business News

New Economy, Leadership, Entrepreneurship, Management, Global Business

Asia Cash Is King In Uncertain Times

Posted by iBlog on August 20, 2007

Asia hasn’t escaped completely unscathed from the U.S. housing bust and the resulting shock waves that have reverberated throughout global credit markets. Regional financial players such as Australia’s Macquarie Bank (MQBKY), Shinsei Bank (SKLKF) in Tokyo, and several Taiwanese insurers with exposure to high-risk mortgage-backed securities have taken hits. And Wall Street’s big price swings in recent weeks have driven down Asian stock prices to near two-month lows.

Read the full article in BusinessWeek.com


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