Word: capitale
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The problem is that many of the moves so far, like insuring money-market mutual funds, have been made to shore up the nation's commercial paper markets. But small companies or those that are short on capital cannot access the commercial paper market, which is generally reserved for companies...
With fewer banks making loans, more companies are turning to other sources of capital. Gerald Joseph, president of asset-based lender [i.e., lending secured by an asset] Gerber Finance, says his phone has been busy lately with calls from executives who used to get loans from banks. But, like other...
The original version of this story incorrectly identified Bain & Company as Bain Capital. They are separate companies.
The old global financial order is, well, old. Established in 1944 and named after the New Hampshire town where the agreements were drawn up, the Bretton Woods system created an international basis for exchanging one currency for another. It also led to the creation of the International Monetary Fund (IMF...
It was in Sarobi that insurgents had killed 10 French troops in August, but after a few phone calls, Ali decided that Sarobi was probably the safest district we could visit to report on the security situation beyond the capital. Once we reached Sarobi, however, we realized that even Kabul...