Without a doubt, the European Central Bank is the euro zone's most powerful policy-making institution: It sets monetary policy for 19 member states and supervises the bloc's most important lenders. Even so, the failure of a Latvian bank shows that the ECB doesn't have all the powers it needs.
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The conduct of two former Carillion finance chiefs is to be investigated by the UK's accounting watchdog. Richard Adam and Zafar Khan had both been group finance director of the collapsed outsourcing company. The Financial Reporting Council probe will focus on Carillion's financial statements for the
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WHEN Toys 'R' Us secured a US$3.1 billion bankruptcy loan in September, toy makers were reassured that they would be paid for goods delivered to the company as it tried to emerge from Chapter 11.
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With dividends reinvested, the S&P Global Water index of leading companies returned more than 7 percent annually over the past decade, according to Bloomberg data. Some believe water's emergence as an asset class is just getting started. Suez boss Jean-Louis Chaussade thinks it could be more
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“As soon as the ultimate goal of our deal is achieved — which is the balancing of the market — we will start considering gradual withdrawal,” Novak said in a Bloomberg television interview in Moscow. “That might start to happen starting with the third or fourth quarters,” and discussion of an exit strategy at
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