Venezuelan President Hugo Chavez threatened Thursday to nationalize the country's largest steel company and private banks unless they make national interests a priority. [ie, line his pockets]
Wall Street Journal again attacks Hugo Chavez with false and misleading article
Jordan's Queen Rania and Hollywood actress Natalie Portman teamed up Wednesday to launch a major new microcredit program targeting global poverty that will focus initially on the Middle East.
Venezuela has said that it has taken control of the massive Orinoco Belt oil projects as part of President Hugo Chavez's nationalisation drive.
The Fed… ugh, what can you say? - Housing Bubble - China etc.
President Hugo Chavez announced Monday he would pull Venezuela out of the World Bank and the International Monetary Fund, a largely symbolic move because the nation has already paid off its debts to the lending institutions.
China is clearly in a bubble. Shanghai stocks are up 250% since 2005 – and 35% this year alone. Still, investors are so eager to get in at these prices – while they can still get hurt – that they take up Chinese bank IPOs at twice the PE ratio
The People's Bank of China (PBOC), in a surprise announcement on the eve of the Lunar New Year holidays, ordered lenders to tie up another half a percent of their deposits in reserve at the central bank instead of loaning the money out.
Bolivia and Venezuela, both nationalizing huge swathes of their economies, should quit a World Bank body that arbitrates between foreign investors and states, Bolivia's president said on Sunday.
Paul Wolfowitz, president of the World Bank, and the bank's board of directors, both sides were increasingly talking about trying to avert a confrontation that could cripple the bank and its mission of aiding poor countries. (For the Poor, of cou
The total sales of gold and jewelry last year in China were valued over 140 billion yuan, exports were valued at US$5.49 billion, and China has become the third biggest consumer of gold in the world, according to Cheng Fuming,
World Trade Organization chief Pascal Lamy urged the US Congress to extend special presidential trade powers to advance the stalled Doha Round of global trade talks.
(Universal health care? Careful what you wish for, just may get it) Screwups are nothing new for Ireland's publicly funded hospitals. In August another north Dublin hospital, Beaumont, shipped the body of a dead English tourist back to England —
The world's oldest continuously operating family business ended its impressive run last year. Japanese temple builder Kongo Gumi, in operation under the founders' descendants since 578, succumbed to excess debt and an unfavorable business cli
The Bank of Russia's gold and foreign currency reserves amounted to $356.6 billion as of April 13, up $10.3 billion, or 3 percent, from the previous showing. Hence, the reserves have extended gains into a seventh straight week
Freddie Mac's chairman and chief executive, said the company is "working on a major effort to develop more consumer-friendly subprime products that will provide stable financing alternatives going forward," which are expected by midsumm
A senior official from China's central bank has rejected calls from the International Monetary Fund for faster progress towards a more flexible currency regime, state media said.
China is preparing a multi-billion-dollar buying spree to major American cities next month as a part of a package of initiatives to reduce its swelling trade surplus and ease bilateral tensions with the US. (Didn't Japan do this in the 80's)
Despite claims by some critics that the Bush adminstration invaded Iraq to take control of its oil, the first contracts with major oil firms from Iraq's new government are likely to go not to US companies, but rather to companies from China,India
Europe has eclipsed the US in stock market value for the first time since the first world war in another sign of the slipping of the global dominance of American capital markets.
President Vladimir Putin last year called for measures to aid Russian producers. The government promptly decreed that all foreigners be banned from working in markets from April 2007 and that Russian nationals take their place.
Foreign banks are putting their bets on Vietnam, attracted by its booming economy and a large youthful population eager to have all the consumer goods and services the modern world has to offer.
The IMF will say further depreciatioin by the US dollar is needed to help correct global imbalances in its World Economic Outlook(WEO), Germany Sueddeutsche Zeitung said on Saturday. (Guess that means to buy more gold)
The EU's finance chiefs have not had a huddle since global stock markets took a beating at the end of February after a nine-percent dive in Chinese stocks and amid growing concerns about the health of the US economy.
For huge numbers of Chinese city dwellers like Mrs. Chen, a widow, eking out another decade or two of paid work is more a matter of survival. In this sense, Mrs. Chen is anything but alone.
(Maybe adopting free market policies could help) A 20-year international effort to put the planet on a path to sustainable development has been woefully inadequate and will need a radical rethink if it's to achieve its aims, says a report publis
Tokyo stocks lost Friday on the yen's advance against the US dollar.
The creation of a new government body to invest part of China's 1 trillion dollars of foreign-currency reserves will have no major impact on its holdings of US dollars, Premier Wen Jiabao said Friday.
Move over model worker, that Communist icon of self-sacrifice and sweat. Vietnam has a new hero: the model taxpayer. Le Cong Tuan Kiet, an executive at a French-owned lighting company, woke up to find his name on a tally of top taxpayers in Ho Chi Mi
Asian shares slumped, tracking heavy losses on Wall Street on fears about an intensifying crisis in U.S. mortgage lending that spooked investors nursing losses from a sharp sell-off two weeks ago. Japanese stocks fell 3 percent and other regional mar