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Accounting has been defined by the AICPA as "The art of rec...

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If anyone thought that investors don't want to lend to HMG at any price (not me guv), that idea has been well and truly exploded by the handsome success today of an auction of £1.1bn of index-linked gilts. What that shows is that - on...
26/03/2009 | 236 Hits | Read more...

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Whoops. This government has suffered its first setback in financing its eye-wateringly large borrowing needs. And what gives resonance to the flop of a relatively modest sale of gilts or government bonds is that it comes a day after Mervyn King...
25/03/2009 | 200 Hits | Read more...

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Timothy Geithner's partnership with the private sector to buy impaired assets is considerably less ambitious than Alistair Darling's asset protection scheme. That can be seen from the crude numbers. The British chancellor is providing...
23/03/2009 | 157 Hits | Read more...

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Alexander Medvedev, deputy chairman of the board of the Russian group Gazprom, announced Monday that Russia was developing a program for development of gas sector in Peru. The latter will take shape under an ad hoc agreement to be signed in the...
25/11/2008 | 261 Hits | Read more...

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