The EBRD is thinking of going directly to the small business man to help jumpstart the European economy.
Industry
China's State Council Orders FDI Regulations Revamp
The foreign exchange regulatory agency of China, upon orders of the State Council, has abolished regulations that lead to red tape and promotes non transparency.
UPDATE: Bloomberg Removes Reporters Access
Bloomberg, in a response to a complaint made by Goldman Sachs, removes reporters access to its terminals.
UPDATE - Bloomberg CEO Calls Access to Journalists a 'Mistake"
Bloomberg CEO Daniel Doctoroff called the access to journalists fiasco a 'mistake'. Bloomberg LP CEO Daniel Doctoroff said, after receipt of reports that users of the company terminals were investigating potential leaks of information, said that the company committed a 'mistake' by providing journalists access to data on a client's terminal usage.
Gulf Coast Countries seeking to invest locally
Gulf coast countries, wary of the Euro Debt crisis and other factors, are choosing to invest at home rather than overseas.
Latest News
German exporters face tough hurdle because of the Yen's continued depreciation. The big exporters of Germany are facing a new difficulty from its Japanese competitors following the quick depreciation of Yen as against the Euro.
Delinquent loans from many countries from the former Soviet bloc are impeding the growth and development of these countries and the region.
In a move to restructure its banking industry, the Greek Central Bank is closing down FBBank. Greece, in a bid for housecleaning, has split one of its smaller lending institutions into 'good' and 'bad' parts.
Russia's Finance Minister says there is a need for Russian Parliamentary approval for any terms changed on the loan.
According to Credit Suisse, the cycle of mergers and acquisitions would soon be picking up because of positive factors in the market.
NN appoints Richard Holder as its new CEO. There is a new CEO for NN and the new appointee is Richard Holder to be effective on June 3, 2013. Holder is replacing Roderick Baty, who is retiring from the office.
Bloomberg news reporters had access to personal information of those using the news service, leading to ethical issues as to its use.
Two directors issued a letter in response to the recommendations made by proxy advisory firms on the ceo-chairman split issue as well as removal of some of the JP Morgan directors from the board.
Wisconsin bill for state backed venture capital fund proposed. A bill whose main provision would place US$25 million in state money to fund start up companies in Wisconsin has passed the first reading in its state legislature.
