Word: second-largest
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...This is a key product for RIM. It has enormous potential," says Yankee Group analyst Eugene Signorini, who predicts that RIM's partnership with Verizon, the second-largest wireless carrier in the U.S., will intensify Verizon's competition with No. 1 carrier AT&T, the exclusive service provider for the iPhone...
...central banks: the European Central Bank, the Bank of England and the Swiss, Canadian and Swedish banks. But the announcement arrived after Asian markets had closed, too late to put the brakes on a near free fall in Asian stocks that began on Monday. In Japan, the world's second-largest economy, the benchmark Nikkei index plummeted 9.4%, its biggest one-day drop since the global stock market crash of October 1987. Hong Kong's benchmark Hang Seng index fell 8.2%, while Seoul's Kospi dropped 5.8%. Indonesia shut down its stock market after shares plunged more than...
...Japan, which has the world's second-largest economy, was the No. 1 provider of overseas aid in the 1990s. After years of sluggish economic growth, the country ranks fifth among donor nations according to the organization for Economic Cooperation and Development. (Aid has fallen by about 40% and is a hit to Japan's diplomatic clout). In an Oct. 3 speech, Sadako Ogata, JICA's president since 2003, chided Japanese society for its lack of support of foreign aid and questioned the country's ability to play a leadership role in areas such as alternative energy development...
...They are mostly saying now, ‘Wow, this is unprecedented,’ and are reluctant to prognosticate,” she said.Although financial markets have stagnated for over a year, Harvard has not experienced a drop in fundraising. The University recently announced its second-largest fundraising total in history for the year ending June 30, though Rogers noted there tends to be a delay between economic turmoil and effects on philanthropy.Across the country, other universities are grappling with the question of how this crisis will impact fundraising, said Elizabeth Crabtree, president of the Association of Professional Researchers...
...have been barely grazed by the subprime crisis, partly because they were reducing debt as western firms were taking on more and more. Now, the bargains available in the U.S. afford Japanese banks an opportunity to move beyond their mature home market. Japan's economy is the world's second-largest, but it is plagued by slow growth. Economists say 2% annual average GDP growth is about the best the country can hope for in coming years...