Word: capitale
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What Ford is trying to do in the private sector and GM and Chrysler are doing with the government may look entirely different today, but the paths will converge as the market for vehicles gets worse. At that point private capital will choose to opt out of the equation entirely...
It's not just minerals Beijing is now frantic to buy. On March 3, China National Petroleum Corp. agreed to buy Calgary based Verenex Energy, which has a 50% stake in a huge Libyan oilfield, for $390 million. The China Development Bank and China Petroleum & Oil Corp. last month invested...
But while Washington's public humiliations often hang on mere misdemeanors of a sexual, financial or chemical nature, the economy depends on Geithner's ability to restore confidence, as President Barack Obama argued in a prime-time press conference on Feb. 9. "My instruction to [Geithner] has been, Let's...
Scholars who have made it their life's work to study Pakistan often conclude that the only thing that unites this discordant nation of tribes, ethnicities, cultures and languages is religion. In 1947 the nation was born as an Islamic state, a refuge for a persecuted minority fleeing the Hindu...
Mumbai has always been the heartbeat of India. An attack on that city is an assault not just on a financial capital but on a national cultural identity seen through the prism of Bollywood movies and on a pluralistic ideal embodied in its diverse masses. Pakistan has no such geographic...