HAMILTON, Bermuda, CMC – Finance Minister Paula Cox says Bermuda is suffering scars from the global recession which will take a long time to heal. “Since the financial collapse of major banking institutions in the summer of 2008, …

“London, whether others like it or not, is New York’s only rival as a truly global financial centre. No other centre in Europe offers the same range of services: banking, insurance, fund management, law and accountancy,” finance …

“The reality is the real competition to Europe’s financial centers comes from outside our borders. And that London, whether others like it or not, is New York’s only rival as a truly global financial center.” …

As well I suggested he look at the yearly listing from Global Finance Magazine.

“London, whether others like it or not, is New York’s only rival as a truly global financial center,” Darling said in an article in the Times published today. “No other center in Europe offers the same range of services.

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… but an Asian-based banking analyst said the six banks were likely to be among those with greatest exposure to Dubai World, which ran up its debts during a property boom that turned to bust with the global financial crisis last year. …

People talk about global warming and climate change because we can feel the effect of the climatic change. When it is time to rain, and the weather turns hot and sunny, we blame it on global warming and climate change. …

Financial Markets: Headlines for December 2. 2009 December 2. by fvtaiwan.

Last week, global financial markets were tipped into panic on the news that a bond issued by Nakheel, the property group linked to Dubai World, the quasi-government entity, might be pushed into effective default. …