adminMicrofinance — possibilities and limitations of development
LONDON — The scope of microfinance to lift poor people out of poverty and provide mechanisms of empowerment is being challenged as questions are raised about the supporting evidence.Congo warlord found guilty of war crimes
THE HAGUE — The International Criminal Court yesterday found Congolese warlord Thomas Lubanga guilty of war crimes in its landmark first ruling since it was set up a decade ago.Ex-Murdoch aide Brooks, husband arrested in hacking probe
LONDON — British police investigating phone hacking rearrested former Rupert Murdoch aide Rebekah Brooks on Tuesday and detained her husband, a close friend of Prime Minister David Cameron, reports said.China responds to rare earth WTO complaint
BEIJING — China’s Ministry of Commerce (MOC) said on Tuesday that it will properly deal with a dispute settlement request on rare earth made by three major economies in accordance with World Trade Organisation (WTO) rules.The European Union, United States and Japan on Tuesday formally asked the WTO to settle a dispute with China over restrictions placed on exports of raw materials including rare earth elements.
Private business expects boon from new China policies
HANGZHOU— Chinese beverage magnate Zong Qinghou sees his latest laureate as the richest person in the Chinese mainland as nothing to brag about.Despite having $10.5 billion in personal assets as calculated by the Hurun China Rich List 2011, Zong said his soft drink company, Wahaha, the source of his wealth, had a hard time operating in 2011.
British MPs press Malawi to end dispute with IMF, WB
LILONGWE — Malawi’s President Bingu wa Mutharika should end a dispute with the World Bank and IMF to bring the country back from a worsening economic crisis, a visiting team of politicians from Britain, Malawi’s biggest aid donor, said yesterday.British MPs press Malawi to end dispute with IMF, WB
LILONGWE — Malawi’s President Bingu wa Mutharika should end a dispute with the World Bank and IMF to bring the country back from a worsening economic crisis, a visiting team of politicians from Britain, Malawi’s biggest aid donor, said yesterday.US banks fail Federal Reserve test
Four US financial institutions, including Citigroup, have failed stress tests designed to show they could withstand a financial shock.The Federal Reserve said Citi, SunTrust, Ally Financial and MetLife failed to show they have enough capital to survive another serious downturn.
Citigroup is the third-largest US bank. The majority of the 19 tested passed.
US banks fail Federal Reserve test
Four US financial institutions, including Citigroup, have failed stress tests designed to show they could withstand a financial shock.The Federal Reserve said Citi, SunTrust, Ally Financial and MetLife failed to show they have enough capital to survive another serious downturn.
Citigroup is the third-largest US bank. The majority of the 19 tested passed.
US banks fail Federal Reserve test
Four US financial institutions, including Citigroup, have failed stress tests designed to show they could withstand a financial shock.The Federal Reserve said Citi, SunTrust, Ally Financial and MetLife failed to show they have enough capital to survive another serious downturn.
Citigroup is the third-largest US bank. The majority of the 19 tested passed.