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ECB | European Central Bank: President’s Address at the 14th ECB and its Watchers Conference
Mario Draghi, President of the ECB, Frankfurt am Main, 15 June 2012 Ladies and Gentlemen, It is a great pleasure to take part in this fourteenth edition of the ECB watchers conference – and the first I am attending as President
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Bank for International Settlements – General Manager’s Speech: It’s Time to Address the Root Causes
Speech delivered by Mr Jaime Caruana, General Manager of the BIS, on the occasion of the Bank’s Annual General Meeting, Basel, 24 June 2012: Good afternoon, ladies and gentlemen. Five years after the start of the financial crisis, the world
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G20 Summit: Merkel still wants both Austerity and Growth in the Eurozone… but still no clue as to who will pick up the tab
Angela Merkel brushed off criticism of her focus on austerity, as the leaders of the world’s 20 largest economies focused their attention on the crisis in the Eurozone. In Los Cabos the EU largely postponed the discussion on the specifics
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MIGA (World Bank): During the Storm – Shift from North to South FDI
By Manabu Nose and Moritz Zander[1] At MIGA (the Multilateral Investment Guarantee Agency) we see the principal near-term risks for emerging market foreign direct investment (FDI) on the supply-side of financing. Despite a rise of emerging market risk perceptions, demand
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To Converge or Not To Converge – the Greek Tragedy Continues
It seems a long time ago, but when the Euro was introduced, one of the cornerstones for membership and for the long term success of the Euro was convergence of economies within the zone. Convergence does not seem to be
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Baker & McKenzie Continues to Expand its Global Reach
Baker & McKenzie seems determined to remain true to its founding principles of 60 years ago to be a truly global firm; it has just announced that it has opened a new office in Johannesburg with immediate effect with partners,
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Stuart Gulliver keeps HSBC on Track for Focused Global Growth
HSBC is one of a hand full of truly global banks with both corporate and personal customers. As globalisation continues HSBC is extremely well positioned to take advantage of the shift of economic power to Asia, with its strong position
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Barclay’s CEO Bob Diamond Tops the List of High Earners
Bob Diamond, CEO of Barclays Bob Diamond, the CEO of Barclays Bank, is named as the highest paid CEO of any FTSE 100 listed company in 2011 usingr a new methodology designed to replicate rules being bought in by the government
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S&P Surprise Move to Issue Downgrade Warning on India’s Sovereign Debt
Dalal Street An unforeseen warning by global ratings major S&P on the possibility of India losing its investment grade sovereign rating agitated investor sentiments on Monday, a day that started on a strong note for markets globally after the European leaders agreed to a
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The Euro Crisis Should Distract on Rio+20 Agreement
Much of the world’s attention has been focused on the Euro crisis but this should not be allowed to distract from Rio+20. Negotiations in the run up to the UN’s sustainable development summit are normally dificult, said UN Secretary General
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