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European Council’s Van Rompey: Europe Must Overcome Crisis to Defend Democratic Values
European Council President Herman Van Rompuy’s speech “Europe on the World Stage” recently given in London emphasized the complete change of the global landscape, identifying three main trends: “One: the stage is getting more crowded. Two: the public comes closer to
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WTO: The Changing Nature of Global Trade
By DG Pascal Lamy Although global supply chains have been with us for several decades, their increasing prominence is rapidly changing the landscape of international trade in ways which will require fresh thinking about how trade affects national economies and
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Itaú Unibanco Forms JV With Banco BMG
Itaú Unibanco announced on Tuesday an agreement with the Banco BMG to offer, distribution and marketing of payroll services. The joint venture will be called banco Itaú BMG Factored, and Itaú Unibanco will hold the control with 70% of the
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Barclays’ Libor Rate Fixing Leads to Resignations
Barclays last week agreed to pay $453 million to settle U.S. and British authorities’ allegations that the British bank tried to fix and manipulate the London interbank offered rate, or Libor, which is the benchmark for interest rates on trillions
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BRIC Stocks Now Out of Favour … Later to Be an Incredible Investment Opportunity
With BRIC stock valuations currently low and yet with strong long term projected growth a great buying opportunity may materialize at some point going forward. Meanwhile, attractive dividend yields of 4%-5% and more are available. The “BRICs” – Brazil, Russia,
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Nomura in New Insider Trading Scandal
Nomura is facing a new insider trading scandal. Nomura Holdings admitted to sweeping breaches of safeguards on confidential client information and will slash top executives’ pay and shut an equity sales desk as Japan’s largest brokerage seeks to resolve a
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London Stock Exchange (LSE) Facing Competition from NYSE Euronext
London Stock Exchange (LSE) is facing stiff competition from NYSE Euronext, which have already captured its first client to switch from LSE. Groupe Eurotunnel, which operates the Eurotunnel between Britain and France, will start trading on NYSE Euronext London on July
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OECD: Ominous Signs for International Investment
By Michael Gestrin, OECD After two years of steady gains, international M&A activity plunged by $107 billion, or 45%, in the first quarter of 2012. This is the second lowest level of international M&A since the start of the global
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Confidence in Dubai Returns as Region’s Largest Real Estate Event Reports Strong Growth
Dubai, UAE, 19 June 2012: Cityscape Global, the Middle East’s largest and most influential international real estate event is expected to grow by 25 per cent this year, as international developers from the world’s emerging markets look to the region
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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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