Over the past month, I have picked up 247 men. Fast work in just four weeks but I've been putting my back into it. During my sabbatical from the Financial Times, I have obsessively e-mailed strangers on an adultery website, thereby taking part in what I find is the hottest recessionary activity in town.
Among my new boyfriends are a formerly powerful hedge fund manager, scores of newly idle bankers, a few entrepreneurs, various company directors, a well-known musician, some corpo
China's $200bn sovereign wealth fund, which has made a series of loss-making investments in Western financial institutions since last year, could have as much as $5.4bn frozen in a failed US money market fund account.
A subsidiary of China Investment Corp was the biggest institutional investor in the $62bn Reserve Primary Fund, the first money market fund in 14 years to see its net asset value fall below $1 last month, according to US regulatory filings reported by agencies.
The panic in world credit markets reached historic intensity yesterday prompting a flight to safety of the kind not seen since the second world war.
Barometers of financial stress hit record peaks across the world. Yields on short-term US treasuries hit their lowest level since the London Blitz. Lending between banks effectively halted and investors scrambled to pull their funding from any institution or sector whose future had been ca
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