The financial crisis has cast light on some very complex structures that are difficult to understand – and few more so than the board of directors of Citigroup.
Global growth will fall to its lowest level since 1982 next year, according to a major study by economists at Merrill Lynch, as it predicts that economic power will shift further to the emerging markets and away from the US and Europe.
The average return from hedge funds investing in foreign exchange rates was at its highest for five years in October, although the same market inflicted considerable pain to some investors in the funds of hedge fund sector.