Word: commerciales
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Dates: during 2000-2009
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Europe's banks are in much worse shape, with a ratio of 40.5. They must either sell $9.7 trillion in assets or raise $485 billion in capital to bring leverage down to 20. The Royal Bank of Scotland (estimated leverage: 39.3) has already started slimming down. It recently put its...
What Chinese banks are likely to do is to focus on Asia and other emerging markets, particularly in places where globalizing Chinese businesses are expanding. Industrial and Commercial Bank of China (ICBC) paid $5.6 billion in 2007 for 20% of Standard Bank, South Africa's largest lender, in part to...
Israel now allows only 30 to 40 commercial items to enter Gaza compared to 4,000 approved products prior to June 2006. According to the Israeli journalist, Amira Hass, Gazans still are denied many commodities (a policy in effect long before the December assault): Building materials (including wood for windows...
The economic recovery Naimi so optimistically predicts would certainly be vital to oil-producing countries, whose own economies would be imperiled by a drawn-out recession. Oil demand in rich countries has crashed since the onset of the economic crisis last year, and is now at its lowest level since...
In any event, the Prince has already proven himself a bit of a recessionista. While his father Prince Charles reportedly chartered a private jet to the tune of $480,000 for his 2005 trip to America, Harry has booked commercial flights for this journey. According to Lowther-Pinkerton, "It's...