Fortis buys hospital chain in Vietnam

In its first acquisition in any emerging Southeast Asian market, Indian healthcare major Fortis will pick up a 65 per cent stake in Vietnam's Hoan My Medical Corporation for Rs. 289 crore ($64......

World money: Sub-prime mess and exchange rates

A couple of weeks back, I wrote about the losses incurred by two hedge fund in the US through exposure to mortgage backed securities and their derivatives, based on housing loans to weaker......

China is a more willing learner

Last month, I visited China for the first time, at the invitation of Huawei Technologies, a company, which has recently been in the news for its contract with BSNL. I visited Beijing, Shanghai and......

Why derivatives are weapons of mass destruction

As financial markets remain volatile, Warren Buffet's description of derivatives as 'weapons of mass destruction' is turning out to be more and more apt for banks and theircorporate clients. As for......