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  • When trying to find something to cheer us up amid the gloom of a financial crisis, China is the only thing that ever really soothes the nerves.
  • A collapsing stock market, a volatile currency, a faltering economy — as if Korea didn’t have enough problems. Now small and medium-sized enterprises in the country have added another one to the list: big losses on currency derivatives.
  • Lindsay Tanner, the finance minister of Australia, said at the start of last week that foreign banks would not be included in the government’s deposit and funding guarantee, because he didn’t consider them to be truly Australian institutions.
  • Just when you thought it was safe. Having survived the initial stages of the global meltdown more or less intact, Asia is now in dire need of a coordinated regional solution that can restore confidence in its fragile economies.
  • He might no longer be the world’s most fashionable economist, but with stock markets crashing all around and bankers tottering on their window ledges, there have been worse times to dust off the works of JK Galbraith. This week it was more than the market panic that reminded me of the great man’s wisdom.
  • If you had to guess what exiled politicians did with their time, I doubt you’d ever come up with this one: Thaksin Shinawatra, the former Thai prime minister, has been spending at least some of this week arguing for a reform of the Asian capital markets — presumably in between Manchester City football matches.