Word: financees
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In more than two-thirds of the deals, German cities insured their assets with AIG or Lehman Brothers. So after those two pillars of U.S. finance crumbled, German cities suddenly faced the risk of having to make huge payments - taken together, as much as €30 billion ($40 billion), according...
Shift those foreign dollar reserves into SDRs, the reasoning goes, and global finance suddenly becomes much more balanced. By no longer needing to load up on dollars, countries like China would have less incentive to run big trade surpluses with the U.S. This line of thought goes back to English...
Administrators had shown “quite a bit of ambiguity,” she said, because they had not heard from the Finance office what would be possible for J-term when they initially spoke with UC representatives.
To be an expert at go, or Japanese chess, a player needs patience, strategy and a sharp wit, which devotees to the game hone into a personal style. Kaoru Yosano, Japan's new economic czar, is a 7 dan, the highest level of go master. Given his reputation at the...
Yosano took over the finance and banking positions from former Finance Minister Shoichi Nakagawa, who resigned in mid-February after appearing to be drunk at a G-7 press conference. Prime Minister Taro Aso tapped Yosano as the ultimate insider; as minister of economy, a post he has held since...