Business and Finance

In most countries of Sub-Saharan Africa, few reliable data are available relating to employment, unemployment and the conditions in which occupations are practised. This is in spite of the fact that societies base their economies on work and that reduction of poverty remains the main objective of economic policies. The existing information in any case results from different concepts and methods of analysis peculiar to each national statistics institute, which prevents comparison at the scale

The Vestas Group has received an order to supply and commission 67 units of V80-1.8 MW wind turbines for a 120 MW wind power project near Abilene, Texas from Buffalo Gap Wind Farm LLC, a project company developed by SeaWest Holdings, Inc. The wind power plant will be commissioned by 31 December 2005. The parties have entered into a turbine supply agreement and a warranty, maintenance and service agreement. Recently, AES Corporation, a major international power company headquartered

Understanding the dynamic process of adjustment of a country’s external balance is one of the most important questions for international economists. The recent wave of financial globalization has led to a sharp increase in cross-holdings of foreign assets and liabilities. The upsurge in cross-border holdings has therefore opened the door to potentially large wealth transfers across countries. In CEPR Discussion Paper No. 4923, Pierre-Olivier Gourinchas and Hélène Rey argue that to fully explain t

Clearstream began 2005 with growth in its core businesses and new business streams continuing progress made in 2004. The value of assets held in custody on behalf of customers rose to approximately EUR 7.7 trillion, a rise of 2.5 percent from the same month last year. The number of international transactions processed by Clearstream stood at 1.5 million for January 2005 compared to 1.7 million for the same month last year. Of these transactions, 15 percent are registered as stock exchange transactio

A new procedure that could save millions of dollars annually in medical costs – and result in much better patient outcomes and satisfaction – was performed for the first time in the world this week at Wake Forest University Baptist Medical Center.

The procedure removed growths from the airway of a patient using new technology that allows the surgery to be done in the doctor’s office with the patient completely awake, and the patient to go home immediately afterward. In the

We have responded to the demands of our clients for innovative Treasury products

The world’s first derivative products based on 3-year U.S. Treasury Notes began trading today on Eurex US, the fully-electronic U.S.-based futures and options exchange. As previously announced, Eurex US expanded its product suite of benchmark USD-denominated fixed income derivatives to include 3-year U.S. Treasury futures and options on futures, meeting customer demand for derivatives on shorter term