Word: financees
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In normal times, a French President's call for an overhaul of the world's financial system would cause eye-rolling and dyspepsia among the world's free market purists. But these are not normal times: on the weekend, U.S. President George W. Bush echoed Nicolas Sarkozy's push for...
Fears of a serious economic decline or even recession in the U.S. and world-wide explain the deep losses markets experienced last week after initially reacting with euphoria to the rash of government efforts to prevent finance and banking systems from imploding. As the week closed out, the global outlook...
Despite Monday's mostly rosier mood, there were developments that could have given markets as much to choke on than cheer about. Over the weekend the heads of French savings bank Caisses d'Epargne were forced to resign following revelations that unauthorized derivatives trading last week produced a $810 million...
According to Ministry of Finance, Japan's banana imports were 970,000 tons in 2007, mostly from Taiwan and the Philippines. "It takes from 10 to 15 months to harvest bananas, so it is not at all easy to meet a sudden increase in demand," says Dole's Ohtaki. Dole...
A year ago, the Congressional Budget Office estimated the cost of funding the Iraq and Afghanistan wars from 2001-2017 to be around $2 trillion, or more - factoring in some $705 billion in interest payments in recognition of the fact that the war is being funded with borrowed money. (Nations...