Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-56430 Thu, 02 Apr 2015 01:05:54 GMT AIIB: The End of American Domination iehi-feed-56426 Wed, 01 Apr 2015 17:34:24 GMT China to Insure Deposits in Move Toward Scrapping Rate Curbs iehi-feed-56425 Wed, 01 Apr 2015 17:28:11 GMT Iceland Looks At Proposal to Eliminate Banks' Money-Creating Power iehi-feed-56422 Wed, 01 Apr 2015 15:18:44 GMT US dollar owes its strength to one simple thing: the world's need to repay a mountain of debt iehi-feed-56421 Wed, 01 Apr 2015 15:00:15 GMT US 'screwed up' handling of AIIB, says Albright iehi-feed-56420 Wed, 01 Apr 2015 14:59:13 GMT Greek FinMin: "Greece Will Adopt the Bitcoin If Eurogroup Doesn't Give Us A Deal" iehi-feed-56419 Tue, 31 Mar 2015 19:12:40 GMT Turk: ECB to Forcing Greek Default Within Two Weeks iehi-feed-56417 Mon, 30 Mar 2015 16:31:13 GMT Ukraine's Oligarchs Turn on Each Other iehi-feed-56415 Mon, 30 Mar 2015 15:53:04 GMT Swiss banking model is ‘dead', says Abu Dhabi finance centre chief Abu Dhabi intends to set itself up as a new hub for wealth management, with the head of its nascent international financial centre declaring Switzerland's old model of private bank secrecy to be "dead".


His comments come as the centre of gravity of such institutions has shifted palpably from west to east, and as Asia is developing its own bodies to rival those in the west, such as the China-led Asian Infrastructure Investment Bank.

ADGM, which will have its own regulator and courts based on English common law, is an attempt to diversify the UAE capital's economy. Its heavy-hitting sovereign wealth funds, the Abu Dhabi Investment Authority and Mubadala, are both close to the free zone built on Al Maryah island in the capital.

iehi-feed-56414 Mon, 30 Mar 2015 15:47:16 GMT Greek Markets Show All at Risk Should Mistake Trigger a Default Investors Fear Greece Will Impose Capital Controls.]]> iehi-feed-56413 Mon, 30 Mar 2015 15:44:22 GMT US gov Siezes $67mn of Megaupload Founder Assets, Calling Him "Fugitive" iehi-feed-56412 Sun, 29 Mar 2015 22:53:30 GMT China's AIIB: A morality play for India iehi-feed-56411 Sun, 29 Mar 2015 16:55:57 GMT John Batchelor Show 3/24 - Stephen F. Cohen on "Pregnant Pause" of Minsk 2 Accords iehi-feed-56410 Sun, 29 Mar 2015 16:48:02 GMT Denmark applies to join China-backed AIIB investment bank iehi-feed-56409 Sun, 29 Mar 2015 14:53:49 GMT China expands "New Silk Road" by $23.6 bln in Kazakhstan iehi-feed-56408 Sun, 29 Mar 2015 14:36:23 GMT Bill Black: The Lessons Richard Bowen's FCIC Testimony Should Have Taught the Nation iehi-feed-56407 Sun, 29 Mar 2015 14:32:30 GMT Andrew Maguire -- Yes, HSBC Is Closing All Their London Vaults; China's End Game iehi-feed-56406 Sat, 28 Mar 2015 14:38:14 GMT Greek Bank Deposits Plunge to 10-Year Low as Grexit Fears Rise iehi-feed-56405 Sat, 28 Mar 2015 14:37:42 GMT China's Next Move: A Naval Base in the South Atlantic? iehi-feed-56404 Sat, 28 Mar 2015 14:33:13 GMT Ukraines's $3bn debt to Russia puts multibillion dollar IMF package at risk