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...million—close to double the figure in those areas as of Dec. 31.Harvard also purchased over 2 million shares of Vanguard Emerging Markets, bringing the value of that investment to over $54 million, up from the less than $1 million invested there in the previous quarter. The largest holding listed in the latest 13F filings continued to be the $205 million invested in the iShares MSCI Emerging Markets Index Fund. But both the value of that investment and the number of shares owned have declined since the last filing, which showed University holdings as of Dec. 31. Harvard...
...while the new paper maintains the belligerent stance displayed last summer and admits that Russia, one of the world's largest exporters of oil and gas, is willing to use military force to protect and even expand its reserve of resources, the tone has been softened. "If you look at what was formulated concerning Arctic strategy last year and you look at this paper, it looks as if the government position has changed and become more moderate," says Petrov. "Another explanation is that the foreign ministry is trying to present strategy in a less aggressive...
...suppliers and supply chains, to have an impact on India's $375 billion retail market, which is dominated by mom-and-pop businesses and outmoded distribution networks. "We can learn the science of retailing, how to build scale and efficiencies," says Kishore Biyani, chairman of Pantaloon Retail, India's largest homegrown retailer with 114 hypermarkets...
...world's largest retailer isn't new to India. For the past decade, the country has been an important Wal-Mart supplier of textiles, apparel, home products and jewelry. But in anticipation of its India launch, Wal-Mart for the last three years has been developing a network of suppliers to stock its stores with fresh produce and staples like lentils, wheat and rice - all with an appreciation for variations in local cultures and tastes. "India is not a homogenous market, so ours is not a cookie-cutter approach from the U.S.," says Raj Jain, president of Wal-Mart India...
...footsteps as a champion of interreligious dialogue. He delivered several speeches and attended ceremonies focused on relations with Jewish, Muslim, Druse, Orthodox and other men of the cloth. Once believed to have been reticent about focusing too much on relations with other religions, the man with the world's largest flock (1.1 billion Catholics worldwide) seems to now grasp the importance of this role. Vatican spokesman Lombardi said the Pope's physical presence "is itself a bridge" for improved relations among all religions. "He listened and was listened to. He can offer a spiritual and moral contribution to dialogue," said...