HSBC’s Wealth & Personal Banking division Closes India’s largest distributor of Mutual Funds HSBC has closed down its wealth and personal banking division due to growing customer backlash. Note Asset Management Companies in India are poor performers charging very high expense fees. They mainly depend on distributors to sell mutual funds to retail investors who […]

Chinese Economy China is one of the biggest mysteries for investors and economists with most data emanating from China rated suspect even by the Chinese leaders themselves. Therefore people are equally divided in saying that China will grow at the same double digit rates while others predict a massive crash. The more knowledgeable analysts like […]

Globalization It has been said time and again how Globalization has led to increasing prosperity around the globe with free movement of capital and trade. But what has been not been emphasized enough is that how the easy movement of capital has exacerbated loot and plunder on a global scale. Tinpot dictators and cronies have […]

Vestas, the Danish producer of wind turbines which used to lord over the wind energy market has seen its fortunes crater with the advent of big Chinese wind turbine companies. The story of Vestas has been going downhill for a long time now with repeated revenue warnings, job losses and management changes. However like other […]