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Independence May Cost Banks Billions
LONDON (Reuters UK) - Britain's biggest banks would have to raise billions of pounds to achieve complete independence from state support, according to research from the Organisation for Economic Co-operation & Development.To become standalone institutions, the banks would have to raise their core capital ratios above 20 percent, the Paris...
To revive Mfg., bank proposes carbon tax on Chinese imports
Imposing a carbon tax on Chinese imports would lead to a resurgence of the U.S. manufacturing industry, according to a report from Canada's largest banking firm, CIBC World Markets. A carbon tariff on imported goods, "may be the only way developed nations will be able to achieve real cuts in...
Chapter 1: General assessment of the macroeconomic situation
Overview Growth is slowing in response to strong headwinds The odds are improving that financial market turmoil has passed its peak. Still, its fallout will continue to act as a brake on growth for considerable time to come. Other headwinds causing the on-going slowdown in activity in the...
OECD warns that subprime crisis is not over: report
PARIS AFP — The subprime crisis is not over, the head of the OECD Angel Gurria said on Wednesday, describing it as a "collective bankruptcy" and damning failures throughout the chain of financial risk and regulation. Gurria was particularly critical of supervision of the financial sector, telling the French...
Civil Society Networks and the Development of Environmental Standards at International Financial Institutions
I. INTRODUCTION The development of environmental standards at financial institutions is arguably among the most important international environmental law developments in the past two decades, yet these standards bear little resemblance to traditional visions of international law and may no t even rightly be labeled international law at all. The...
Narrowing the Accountability Gap: Toward a New Foreign Investor Accountability Mechanism
I. INTRODUCTION An ever-increasing number of standards, guidelines, principles, norms, and best practices (hereinafter "standards and norms") have been adopted to address the environmental and social impacts of multinational enterprises ("MNEs"). This increase in standards and norms corresponds to a rise in MNE sensitivity to the environmental and social impacts...
OECD research group cuts global economic forecasts
PARIS AFP — The OECD lowered its growth forecasts for the US and eurozone economies on Wednesday and warned that world prospects were "clearly less buoyant" because of financial market instability. The Paris-based economics body delivered a pessimistic diagnosis as it updated its previous forecasts from May, saying that...
OECD sees robust growth for Japan through 2007
PARIS AFP — Japan's economy is well on track for its longest post-war expansion with robust growth expected through 2007 but the central bank must not be too hasty in raising interest rates, the OECD has said. Japan has largely overcome its post-bubble problems and deflation is gradually fading...
Temasek credit rating unaffected by Standard Chartered deal
SINGAPORE AFP — Temasek Holdings' purchase of a nearly 12 percent stake in Standard Chartered bank will not affect the Singapore investment firm's credit rating and outlook, rating agencies said. Standard and Poor's SP and Moody's Investors Service said state-linked Temasek can afford to pay for the 152.4 million...
Special Supplement: Barbados - Low-tax Not No-tax - Barbadian Bankers Are Of One Mind That A Light Touch Regime Combined With Transparency Is Better Than A 'no-tax And Secrecy' Culture. Tom Blass Explains.
Sugar, the sweet and sticky stuff, once king of Barbados, has been well and truly usurped. Low world prices, combined with cuts in the European Union's preferential prices, will make it difficult to compete in world sugar markets in any meaningful way. And while, ironically perhaps,...
Industry Transcripts by Seeking Alpha
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Casella Waste Systems Inc. F2Q10 (Qtr End 10/31/09) Earnings Call Transcript
on Dec 03, 2009about CWST
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51jobs Q3 2009 Earnings Call Transcript
on Nov 23, 2009about JOBS
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NetEase Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NTES
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Franklin Covey Co. F4Q09 (Qtr End 08/31/09) Earnings Call Transcript
on Nov 16, 2009about FC
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Cellcom Israel Ltd. Q3 2009 Earnings Call Transcript
on Nov 16, 2009about CEL
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