The Banking & Financial Story

Investment bankers: have we got them all wrong?

Misunderstood? A recent Twitter spoof revealed just how many prejudices the public has against investment bankers. The financial crisis of 2008 has fuelled people's mistrust for those working in the industry.

Dollar Falls to Five-Week Low Versus Yen on Uneven U.S. Recovery

The dollar has come under pressure and that’s a function of the yields coming back down,” Ian Stannard, head of European currency strategy at Morgan Stanley in London, said by telephone. Dollar-yen “breaking through the 200 day-moving average is obviously a significant event as far as market activity is concerned and that opens the way for dollar-yen to come under some further pressure.”

Business' World & People

Having sat over 10 million diners in Singapore and Hong Kong, Chope expands to mainland China

Reservations service Chope today announced that it’s expanding to mainland China through a partnership with the local arm of international media company Ringier. As a start, Chope’s online reservation technology will be rolled out to the thousands of restaurants listed on Ringier’s flagship lifestyle guide, City Weekend. City Weekend is a 16-year-old English-language online guide, and is reportedly China’s largest.

The shrinking PC industry, how will a company like Dell change its business

Dell continued to lose market share, as it dropped below Lenovo in 2011 to fall to number three in the world. Dell and fellow American contemporary Hewlett Packard came under pressure from Asian PC manufacturers Lenovo, Asus, and Acer, all of which had lower production costs and willing to accept lower profit margins