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Chile prepares for western economic downturn

Chile, recognised as one of the best run emerging economies, is preparing contingency plans in case the eurozone defaults and the US slips back into recession.

23 2011 | Viewed: 596 | Foreign experience | Read full
President Obama Commits U.S. to Implement EITI

More than 40 Countries Join Pledge for Greater Transparency

NEW YORK, 20 September 2011 - Revenue Watch applauds President Obama's decision to apply a new standard of transparency to oil, gas and mining revenues from federal lands. Speaking today at the formal launch of the Open Government Partnership (OGP), an initiative of governments and civil society to advance open government around the world, President Obama said the U.S. would implement the Extractive Industries Transparency Initiative (EITI). More than 35 countries participate in EITI, which requires companies to publish payments made to governments in exchange for oil, gas and minerals, and governments, in turn, to publish what they receive from companies.

22 2011 | Viewed: 812 | News / Theme of day | Read full
S&P downgrades seven Italian banks

S&P has cut the long-term credit ratings of some of Italy's leading banks, including Intesa Sanpaolo and Mediobanca, in line with its downgrade this week of the country's sovereign debt.

22 2011 | Viewed: 563 | News / Theme of day | Read full
Fed launches $400bn Operation Twist

The US Federal Reserve launched "Operation Twist" on Wednesday in a bold attempt to drive down long-term interest rates and reinvigorate the faltering economy.

22 2011 | Viewed: 522 | News / Theme of day | Read full
Dont expect China to ride to the euros rescue

The expectation that China might swoop down and rescue the euro in its hour of need is running high.

22 2011 | Viewed: 598 | Analytics | Read full
Obama offers $3.6 trillion deficit plan, would up taxes

President Barack Obama laid out a $3.6 trillion plan on Monday to cut budget deficits partly by raising taxes on the rich, but Republicans rejected it as a political stunt and made clear the proposal had little chance of becoming law.

21 2011 | Viewed: 651 | Foreign experience | Read full
Soros appoints new CIO to family office

Soros Fund Management has appointed Scott Bessent, a former employee of the firm who headed its London office at the time of its famous bet against sterling, as its new chief investment officer.

21 2011 | Viewed: 537 | News / Review of Mass Media | Read full
S&P cuts Italy one notch, outlook negative

Standard and Poor's cut its unsolicited ratings on Italy by one notch, warning of a deteriorating growth outlook and damaging political uncertainty, in a move that took markets by surprise and added to pressure on the debt-stressed euro zone.

21 2011 | Viewed: 609 | News / Theme of day | Read full
Bank of China halts FX swaps with some European banks

Bank of China, a big market-maker in China's onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, three sources with direct knowledge of the matter told Reuters on Tuesday.

21 2011 | Viewed: 633 | News / Theme of day | Read full
Greece should default and abandon the euro

Greece is stuck in a vicious cycle of insolvency, low competitiveness and ever-deepening depression.

21 2011 | Viewed: 556 | News / Theme of day | Read full
Google Girds for a Grilling

Google Inc. is taking no chances as its executive chairman, Eric Schmidt, prepares to face a Senate hearing Wednesday on whether the company is abusing its dominance in Internet search.

19 2011 | Viewed: 827 | Foreign experience | Read full
New generations in Europe tipping into homelessness

After 18 years cooking moussaka and roast lamb in restaurants around Greece, Petros Papadopoulos prepares lunch for 50 in a place he never expected to end up -- as a resident of a homeless shelter in Athens.

19 2011 | Viewed: 630 | Analytics | Read full
Siemens drops Rosatom nuclear plant ambitions

Siemens, the German engineering group, has abandoned ambitions to make nuclear generating equipment with Russia's Rosatom after the German government pulled the plug on atomic energy in the wake of the Fukushima power plant disaster in Japan.

19 2011 | Viewed: 611 | News / Review of Mass Media | Read full
The world must insist that Europe act

In his celebrated essay The Quagmire Myth and the Stalemate Machine, published in 1972, Daniel Ellsberg drew out the lesson regarding the Vietnam war that came out of the 8,000 pages of the Pentagon Papers, which he had secretly copied a few years earlier.

19 2011 | Viewed: 528 | News / Theme of day | Read full
Eurozone: A nightmare scenario

As Europe's leaders pledge support for the single currency, the talk among some is of default.

17 2011 | Viewed: 902 | Analytics | Read full
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Interview with Sholpan Kozhamkulova

Sholpan Kozhamkulova
Sholpan Kozhamkulova, Ph.D., Assistant Professor, Chair, Department of Journalism and Mass Communication, KIMEP, Almaty

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