Can IMF Bailout a Country the size of Italy The International Monetary Fund (IMF) is funded through contributions from its member nations, acts as the “lender of the last resort” for nations facing “Balance of Payments” problems.Since its conception during the Bretton Woods Conference in 1944 , it has mainly been involved in bailing out […]
The German Solar Feed in Tariff cut scheduled for July 2010 has got another twist with the Upper House of German Parliament Bundesrat not passing the Law in its current form.The one-off German Feed in Tariff cut has seen enough twists and turns to make a person go giddy . It all started with the […]
India has agreed to allow telecom equipment manufacturing equipment from ZTE and Huawei after banning them due to security concerns. Hectic lobbying efforts by Huawei/ZTE,Chinese trade bodies and the Indian telecom operators has made the Indian government change its decision.As a face saving gesture, telecom equipment will have to be screened by international security audit […]
Spanish Cajas have been in the news recently acting as the equivalent of the “subprime sector” during the US financial crisis.CajaSur was seized by the Spanish Central Bank after running into massive losses in its real estate loan portfolio.The Cajas which are socially run not for profit banks in general have incompetent management and little […]
China is already the world’s largest producer of Solar Energy Equipment with almost 50% of global marketshare and is looking to dominate the Wind Energy Industry as well.Now it is looking to extend its leadership to other sectors of the Clean Technology as well.Major global automakers are already looking to collaborate with Chinese companies in […]
British Petroleum shares have crashed by almost 33% since the news of the Gulf Oil Spill broke out.Despite BP being a stable mega cap Energy company which do not usually see big price swings,it has lost almost a third of its market value in the last one month.This is unusual for a MNC of this […]