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Can Companies, Political Groups Or Organizations have a Single Mind?
News of employee misconduct always creates a whirlwind for the companies involved — think of Enron, Goldman Sachs and UBS, for example. But are these firms responsible for the actions of their employees? Or do individual members have distinct and independent...
Tata Trust to Finance Social Projects Designed And Implemented By ‘Our Children Our Future’ Institute in Mozambique
The Indian-based company Tata Trust intends to finance social projects designed and implemented by “Our Children Our Future” Institute (ICNF) in Mozambique as from next year, according to Carlos Mussanhane, an official in the office of Mozambique’s...
Government By Shareholders?
It would appear that Nicolas Sarkozy and Angela Merkel, as self-appointed representatives of the rich and mighty, have managed to scuttle plans for a Greek referendum on the proposed European Union bailout package. The most positive reaction to their...
European Parliament Lead MEPs Reach Deal on Crack Down on Short Selling And Sovereign Debt Speculation
Lead MEPs and the Polish Presidency on Tuesday clinched a deal on the regulation beefing up standards and requirements for the practices of short selling and trading in credit default swaps (CDS), a financial product insuring against default. The rules...
European Investment Bank to Finance the Modernization And Expansion of the VW Argentina’s Córdoba Plant
The European Investment Bank (EIB) is providing EUR 76.4 million to VW Argentina, S.A. to finance the modernization and expansion of the company’s Córdoba plant. The finance contract was signed by EIB Vice-President Magdalena Álvarez and Volkswagen...
African Development Bank to Provide $24m Loan for Poverty Reduction Campaign in Zambia
The African Development Bank (AfDB) has announced that it is providing a $24 million loan to finance the poverty reduction campaign in Zambia. How People Arrived Here: African Development Bank Group
Federal Reserve’s Latest Plan ‘Operation Twist’ Will have No Significant Impact on the Sagging American Economy
The Federal Reserve’s latest plan to prop up the sagging American economy, known as Operation Twist, won’t have a significant impact, says a finance expert at Washington University in St. Louis. How People Arrived Here: operation twist timeline, timeline...
Investment Club Manager Pleads Guilty to $40m Fraud
Alan James Watson, 46, of Clinton Township, Mich., pleaded guilty today to fraudulently soliciting and accepting $40 million from more than 750 members of his investment club and losing nearly all of it through non-disclosed, high-risk investments. Victims...
