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. Last Updated: 07/27/2016

07/29/2003

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Swiss Banks Lose Sparkle, Not Status

Battered and bruised by falling markets, attacks on bank secrecy, tax amnesties and threats from up-and-coming financial centers, many observers have predicted the end of the road for Switzerland as a model of wealth management.

U.S. Tops Governance Survey

The United States is far from perfect when it comes to corporate governance. Just ask investors burned by scandals at WorldCom Inc., Enron Corp. and Adelphia Communications Corp.

UN to Support Third World Business

Nearly a decade after microfinancing took hold as a method of stimulating the growth of grass-roots private sectors in developing countries, the United Nations is beginning a new effort to support entrepreneurial efforts that could help lift countries out of poverty.

U.K. Pension Fund $259Bln Shy

A ?160 billion ($259 billion) pension fund shortfall will crimp British companies' ability to invest, slow down economic recovery and threatens the country's public finances, a report published Monday shows.

Ailing Daimler Says It Won't Shed Chrysler

German auto giant DaimlerChrysler AG remains committed to its ailing U.S. Chrysler unit and has no intention of selling it, a company board member told a German newspaper.

Iraq Chaos Staves Off OPEC Cuts

When OPEC oil ministers last met to review their production quotas for crude, some feared that exports from a resurgent Iraq would soon undermine the high prices they were then enjoying.

China Urged to Unpeg Yuan From the Dollar

China must maintain a stable yuan and stave off possible inflation to protect ordinary people, central bank governor Zhou Xiaochuan was quoted as saying Monday.

The Yukos Affair and Putin's 2nd Term

The battle for Putin's second presidential term has already begun. Political commentators have long predicted such a battle, but it seems we got the timing wrong.

The Business of Letter-Writing

Last week it suddenly became fashionable to write open letters in defense of big business.

Presidential Infirmity Completely Submerged

On Thursday I attended the launch party of a new semi-submersible oil rig that promises to be the largest and most powerful of its kind in the Caspian Sea. It was a surreal affair.

It's an Anti-Social Contract

Last week, the Russian Union of Industrialists and Entrepreneurs, or RSPP, proposed that the executive branch of the federal government sign a social contract.

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