Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-56418 Mon, 30 Mar 2015 19:19:10 GMT Dallas Fed Collapses At Fastest Pace Since Lehman, Lowest Since June 2011 iehi-feed-56416 Mon, 30 Mar 2015 16:24:20 GMT How the Fed is 'screwed,' and what happens next 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-56412 Sun, 29 Mar 2015 22:53:30 GMT China's AIIB: A morality play for India 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-56404 Sat, 28 Mar 2015 14:33:13 GMT Ukraines's $3bn debt to Russia puts multibillion dollar IMF package at risk iehi-feed-56402 Sat, 28 Mar 2015 14:30:31 GMT Doug Noland- A Progressively Maladjusted "Economic Sphere" iehi-feed-56401 Fri, 27 Mar 2015 17:35:13 GMT U.S. economic growth slows in Q4; corporate profits fall iehi-feed-56400 Fri, 27 Mar 2015 17:33:46 GMT S&P Tumbles Into Red Year-To-Date, Gold Goes Green iehi-feed-56399 Fri, 27 Mar 2015 17:31:45 GMT Low rates causing 'huge problems' for Germany iehi-feed-56398 Fri, 27 Mar 2015 17:29:22 GMT One Month After Austria's Black Swan Shocker, The ECB Quietly Asks Banks to "Detail Their Exposure" iehi-feed-56396 Fri, 27 Mar 2015 14:11:34 GMT US Economy Heads Toward Zero Growth in Q1 iehi-feed-56394 Thu, 26 Mar 2015 16:44:57 GMT U.S. Home Prices Are Surging 13 Times Faster Than Wages In many markets, the housing recovery has "largely been driven over the last two years by buyers who are not as constrained by incomes -- namely the institutional investors coming in and buying up properties as rentals,  and international buyers coming in and buying, often with cash," Daren Blomquist, vice president at RealtyTrac and author of the report, said in an interview...

With the economy improving and home prices climbing, central bankers seem to have achieved at least part of their goal. However, investors have reaped much of the benefits of rising prices, while meaningful wage growth -- and with it the ability of many Americans to buy homes -- has yet to materialize. That's been one reason housing has posted such inconsistent progress over the past two years, even with mortgage rates near historical lows.

iehi-feed-56391 Thu, 26 Mar 2015 14:33:19 GMT ​Moody's downgrades Ukraine heralding imminent default iehi-feed-56389 Thu, 26 Mar 2015 14:28:26 GMT Dow tumbles 292 points as economy shows cracks