wizzdomia

Money-Soft

Untapped Bangladesh

Sweden's largest hedge-fund manager explores emerging Bangladesh.
Brummer & Partners, which manages about $6 billion, set up the Frontier Fund in July to invest in Bangladeshi stocks and private equity. It plans to grow the fund to about $500 million in the next five years, said Khalid Quadir, CEO of the firm's unit in Dhaka. Bangladesh may join the ranks of the fastest-growing economies in the region as it benefits from its geographical proximity to India and China. The nation of 150 million people, equivalent to about half of the population of the U.S., offers a ``huge untapped cheap labor force,'' Quadir, 43, said.

Via Bangladesh Blogger

Mumbai Attacks: The Economic Impact

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"People who do business with India will think twice about taking any Indian exposure. But all this will pass in a month or two, [and] I don't think in the medium to longer term there will be any lasting damage."

>> Saumitra Chaudhuri, The Economic Advisory Council

How to save money on auto insurance

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Finding the right auto insurance deal can be tough. However, with the right advice you can find a auto insurance package that suits you and also save money.

Auto Insurance Basics:

What is auto insurance?

Saving money on auto insurance

Choosing the right company

Deflated Putin

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Vladimir Putin, the Russian prime minister, has said in a speech that the country's large foreign currency, gold reserves and anti-crisis measures would prevent a sharp fall in the rouble. "The reserves that we have accumulated have given us room for manoeuvre, they allow us to preserve macroeconomic stability and will help us prevent a surge, and a sharp change in the rouble rate," Putin said.

Managing Credit Cards

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The credit freeze isn't just effecting the cash flow between businesses, but also impacting individual lives. AP Personal Finance Editor Trevor Delaney offers advice on effectively managing credit card payments.

Restoring Confidence in Iceland

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The IMF has approved a $2.1 billion loan to Iceland to help it recover from the financial crisis and restore confidence in its currency. The IMF's mission chief for Iceland talks about the crisis and the plans for dealing with the repercussions.

The Obama Plan

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U.S. President-elect Barack Obama has outlined his plan to create 2.5 million jobs in coming years to rebuild roads and bridges and modernize schools.

The End Is Nigh

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Amid growing concern that a power vacuum in Washington was contributing to the global financial crisis, shares of banking giant Citigroup skidded, while legislators and corporate chieftains weighed the fate of the U.S. auto industry.

Afghan Winds of Change

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It was in the Panjshir Valley that both the Soviets and the Taliban were repeatedly repulsed by Ahmad Shah Massoud. Now, as AlJazeera's David Chater reports, the lair of the Lion of Panjshir is the site of the country's first ever wind farm.

The bleak future of UK property

The number of properties repossessed by mortgage lenders rose by 12% to 11,300 in the UK, the Council of Mortgage Lenders has said. The CML reports that 1.44% of mortgages were at least three months in arrears as at the end of September 2008. This was up from 1.33% at the end of June. The number of cases in arrears at the end of September was 168,000, 8% higher than June.

BBC News: Repossession of homes up by 12%