Mrs Watanabe and the sudden rise of the yen
I suspect that we can add Mrs Watanabe to the list of those suffering from global financial turmoil.
The abrupt rise of the yen and the dollar against higher-yielding currencies seems to have been driven by hedge funds unwinding various forms of carry trade – borrowing in a low-yielding currency and investing in assets in higher-yield economies. This has caused havoc in financial markets in the past couple of weeks. Read more
Alistair Cooke’s Reporting America
I’m afraid that I have failed, until now, to post a link to my book review in last weekend’s FT of a posthumous collection of reportage by Alistair Cooke, the great British journalist and broadcaster.
The first thing that strikes one about this collection of newspaper and radio pieces that Alistair Cooke filed for the BBC and The Guardian over several decades is that he popped up everywhere. Read more
| About this blog | Blog guide |
John Gapper is an associate editor and the chief business commentator of the FT.
He has worked for the FT since 1987, covering labour relations, banking and the media. He is co-author, with Nicholas Denton, of 'All That Glitters', an account of the collapse of Barings in 1995.
Andrew Hill is an associate editor and the management editor of the FT. He is a former City editor, financial editor, comment and analysis editor, New York bureau chief, foreign news editor and correspondent in Brussels and Milan.
Latest columns by John and Andrew