Finance & Economics

Statement by the IMF, EC and WB on the Review of Romania’s Economic Program

Staff teams from the International Monetary Fund (IMF), European Commission (EC), and World Bank visited Bucharest during July 31 to August 14 for the sixth review of Romania’s economic program. Policy implementation remains broadly on track, despite...

Wealth Managers - Reasons to Own Gold Bullion

Gold is undervalued. Why? The main reason is inflation. Rising prices eat away at your income and purchasing power whether you know it or not. Gold that sold for $850 per ounce in 1980 would be worth approximately $4,000 to $5,000 today when you...

Only Glass-Steagall Can Stop

"While prominent voices in the British and American establishments have publicly admitted that the policy adopted so far has been a giant mistake, those who insist in bailing out the euro and the banks are fanatically sticking to their failed idea,...

UK announces new jobs and investment for UK advanced engineering excellence

· Tbilisi Aircraft Manufacturing and MARKET-MATS, with the support of The Get It Group LLC, have signed an agreement to locate their advanced manufacturing campuses in the Hereford Enterprise Zone and Model Farm Ross-on-Wye, creating over 1,000 new...

Survey finds increased opportunity for UK automotive supply chain

The 2012 survey shows that the purchasing spend of the vehicle makers who responded to the survey is £23.6 billion. This is an increase of £3 billion on 2011.

IP attaché in Brazil appointed to support UK businesses

UK Deputy Prime Minister Nick Clegg announced Sheila Alves as the new IP attaché for Brazil at UK Trade and Investment’s Brazil Business Day event at Lancaster House.

Former Chairman of the Board of Publicly Traded Company Pleads Guilty to Insider Trading Scheme

The former chairman of the board of Home Diagnostics Inc., a health products company that previously traded on the NASDAQ stock exchange, admitted today to insider trading, U.S. Attorney Paul J. Fishman announced.

World Bank Supports Policy and Institutional Reforms for Lao PDR’s Resource-rich Economy

The World Bank Board of Executive Directors today approved US$20 million in grant financing for the Eighth Poverty Reduction Support Operation (PRSO)—the first operation of the third programmatic series of operations. The grant builds on the strong...

Employment: Commission proposes €1.5 million from Globalisation Fund to help Dutch workers in aluminium industry

The economic and financial crisis has seriously hit the construction and transport industries, two sectors which represent the main end-user market of aluminium products. As a consequence the European aluminium sector suffered from a sudden drop in...

Statement at the Conclusion of an IMF Mission to Guinea

An International Monetary Fund (IMF) mission visited Conakry during July 19–August 8, 2012 to conduct discussions on the first review of a program supported by the Extended Credit Facility (ECF, an IMF’s main tool for medium-term financial support to...