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......

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......

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......

Deutsche, Morgan Stanley close in on fund

Deutsche Asset Management and Morgan Stanley Investment Management are understood to be the two finalists for the Standard Chartered mutual fund business in the country. The two mutual fund......