Alex Brummer on Business

Our banking system is still so flawed

By Alex Brummer, August 4, 2011

Four years have passed since the money markets froze over on August 9 2007, causing a credit crisis and the failure of Northern Rock. And it has been three years since the failure of Lehman.

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Meet the stars of cyber space

By Alex Brummer, July 21, 2011

Not so long ago it looked as if generations of young Jews in the Western democracies were destined for professional lives as lawyers, accountants and doctors.

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The son may eclipse the father

By Alex Brummer, July 7, 2011

The Honourable Nat Rothschild, scion of the most famous family in European banking, is proving a surprise package.

After a misspent youth, which saw him branded as a playboy and worse, he could yet become the richest Rothschild of all through a series of spectacular investments in natural resources.

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What's in store for Waterstone's?

By Alex Brummer, June 23, 2011

The fate of struggling music group HMV and its Waterstone's book chain has been of more than just passing interest to investors. The decline of HMV, which came perilously close to administration in recent months, is a story of our times.

No other British retailer has been more affected by the digital revolution.

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The French have it again...

By Alex Brummer, June 10, 2011

Normally the goings-on at the International Monetary Fund struggle to find space in the business sections, let alone the front pages, of our national newspapers.

But an odd confluence of events - the priapic behaviour of former managing director Dominique Strauss-Kahn, the on-going crisis in the euro zone and the struggle over who will succeed DSK (as he is known) - at the Fund have moved it to

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Chin up, things ain't that bad

By Alex Brummer, May 26, 2011

The recovery of the advanced economies from the 'great recession' of 2008-09 has been stuttering. This is not surprising. Countries rarely bounce back from slumps in a straight line, especially after a financial shock on the scale which brought the world economy to a shuddering halt in the Autumn of 2008.

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The Glencore Jew in the glare

By Alex Brummer, May 12, 2011

Just a few weeks ago, the name Ivan Glasenberg would have attracted little recognition outside of Switzerland, where his company Glencore is based. But the decision to list on the London and Hong Kong stock markets has catapulted the South-African entrepreneur to the top of Europe's rich list.

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The West is key in MENA future

By Alex Brummer, April 28, 2011

The turmoil in the Middle East and Africa (MENA) region, which began with riots in Algeria and Tunisia in December 2010, has been unprecedented in its scope.

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London gets ready for giant Glencore

By Alex Brummer, April 14, 2011

The upcoming London and Hong Kong initial public offering (IPO) of the secretive global commodities, mining and production group Glencore International AG, will be one of the most fascinating of modern times. In size terms alone it will be the biggest ever flotation on the London Stock Exchange (LSE) raising up to $11 billion of new cash and valuing the whole group at around $45 billion.

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Have the banks not learned?

By Alex Brummer, March 31, 2011

In the light of the bonuses paid by Britain's big banks over the past few weeks - including the 100 or so new millionaires created at the state-owned Royal Bank of Scotland - one might have thought that the crisis, which enveloped the financial system in 2007-08, was over.

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