Euro zone ministers struck a deal on March 16 to hand Cyprus a bailout worth 10 billion euros ($13 billion) to stave off bankruptcy.
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Monthly Archives: March 2013
JPMorgan Chase: Too big to regulate?
U.S. Senate’s lambasting investigation into JPMorgan Chase’s ‘London whale’ derivatives trading losses raises questions of whether some banks are beyond regulation.
Venezuela’s Globovision fades to black
Hugo Chavez’s death doesn’t mean his politics go with him since the last television station critical of the government will be sold after the April 14 elections.
The decline and rise of U.S. manufacturing in one chart
The long-term decline in U.S. manufacturing jobs may well be over, and there is some hope that the U.S. will rebuild some manufacturing employment in the long-term with the advent of new manufacturing processes such as 3-D printing.
Global carmaking’s shift to Asia reflects Europe’s decline
In the European Union, car manufacturing fell 8% in 2012 while Asia built more vehicles than the West for the first time ever –52% of the record 84.1 million cars produced worldwide.
China financial reform: Steady as she goes
By keeping Zhou Xiaochuan at China’s central bank to front the drive for financial reform China’s new leadership is signaling its intent to keep pushing ahead with the gradual market opening Zhou has championed for the past decade.
Emerging economies make unorthodox interest-rate plays
Photo Credit: AFP/Getty Images/Yuri Cortez
Just as the central banks in the rich countries have taken to unorthodox policies to boost money supply to keep their economies from falling into recession, so are those in emerging economies. But to a different end.
Kazakhstan, Russia dance with China over oil
Kazakhstan is changing the balance of energy power in Central Asia.
Darjeeling tea gardens’ busted flush
Unseasonable cold, dry weather followed by a hot spell has put the first crop of this year’s Darjeeling tea at risk.
China’s Manhattan by the mud
By Qianhai Bay, just down the road from where China first tested out its rapid industrialization three decades ago, the country’s economic reformers are looking to do the same with services, starting with financial services.
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