ICIS Blogs : deutsche bank

Real time global carbon counter in NYC

Green Chemicals — Mon, 22 Jun 2009 18:19:13 GMT

I haven't seen this yet but definitely worth checking out during my lunch break. A new real-time global carbon counter was unveiled last week in the heart of New York City at 33rd Street and 7th Avenue, outside Madison Square Garden and Penn Station...(read more)

China borrowing from the future?

Asian Chemical Connections — Wed, 03 Jun 2009 12:16:53 GMT

It's easy to get caught up in the excitement over the rebound in the Chinese economy and miss underlying weaknesses which point to some major problems ahead. To some extent, in a desperate effort to compensate for collapsing export trade, China might...(read more)

Net lending declines by 70-80% in Q2 in China

Asian Chemical Connections — Tue, 12 May 2009 05:42:43 GMT

This very interesting note from Jun Ma, chief economist for Greater China at Deutsche Bank (see the end of this post) offers evidence to support what this blog has been worried about for some time - the quality of China's economic rebound. The government...(read more)

The China Recovery Conundrum

Asian Chemical Connections — Fri, 17 Apr 2009 06:24:16 GMT

Good news, bad or indifferent? It was hard to gauge a clear picture from the Q1 macroeconomic numbers for China. While retail sales grew at 14.7% in March compared with 11.5% in February, exports fell 20% during the first quarter. GDP (gross domestic...(read more)

A drowning man will clutch onto anything

Asian Chemical Connections — Fri, 12 Sep 2008 09:11:29 GMT

A drowning man will grab hold of any floating debris - even a plastic bag made from standard-grade Chinese polyethylene (PE). Hence, last Friday a statement by Wang Tianpu led to a few days of excited speculation about the cancellation of several Chinese...(read more)

Merrill cuts back on private jets

Chemicals & The Economy — Wed, 23 Jul 2008 07:44:28 GMT

I suppose when an industry has lost $400bn in a year, some sacrifices have to be made. In May, I documented how Deutsche Bank was no longer approving expense claims for ' adult entertainment' . Well, things have got worse since then, as the losses...(read more)

Deutsche Bank ends porn channel expenses

Chemicals & The Economy — Fri, 09 May 2008 10:38:13 GMT

Spare a thought for the plight of the world’s investment bankers. According to the Financial Times, some minor cutbacks are finally taking place in the extravagant lifestyle to which they have come accustomed: • UBS, having lost $11bn in Q1 , has now...(read more)