Tag Archive for Hellip

Italy’s modern-day conqueror falters under weight of eurozone crisis – Full story

Italy's modern-day conqueror falters under weight of eurozone crisis (via The Christian Science Monitor) Things are not going well for Italian President Mario Monti. The elegant economist’s entry into politics in November, to replace disgraced former President Silvio Berlusconi, was at first greeted with great enthusiasm. Some even likened him to Lucius Quinctius Cincinnatus, an Italian…

Carlos Slim buys stake in recently nationalized YPF – Full story

Carlos Slim buys stake in recently nationalized YPF (via AFP) Mexico’s Carlos Slim, the world’s richest man, has acquired an 8.4 percent stake in YPF, the recently nationalized Argentine subsidiary of Spanish oil firm Repsol, filings show. Ratings agency Moody’s had downgraded YPF another notch on Tuesday, a month after Buenos Aires seized control of…

French bank transfers assets from Greek subsidiary – Full story

French bank transfers assets from Greek subsidiary (via AFP) French bank Credit Agricole has taken control of assets in Albania, Bulgaria and Romania of its Greek subsidiary Emporiki Bank, it said in a statement, amid concern over a possible Greek euro exit. “This intra-group transaction is the last step of a process developed since the…

Protests are looking permanent in Russia

Protests are looking permanent in Russia (via The Christian Science Monitor) Tens of thousands of protesters marched through the streets of downtown Moscow today in a show of opposition force which is the clearest indication yet that the pro-democracy movement brought to life by widespread perceptions of electoral fraud last December has become a permanent feature…