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Author Archives: Lakefront Media

IMD ANNOUNCES COMPETIVENESS RANKINGS FOR 2009

Of the 57 economies ranked by IMD, the US still ranks No. 1 in 2009. Hong Kong has switched places with Singapore to gain the 2nd place and is swiftly “closing the gap”. In a free-fall economy, competitiveness is also about how countries can resist adversity and show resilience to weather the storm.  What is their ability to withstand “one-off ... Read More »

RESTRICTING THE FLOW OF INFORMATION: CHINA BACKTRACKS ON WTO AGREEMENT ON FINANCIAL INFORMATION SERVICES

China bans foreign financial news information providers to operate in China, backtracking on an agreement reached in a WTO dispute filed by the US, the EU and Canada in November last year, which was to allow companies like Bloomberg, Dow Jones and Thomson Reuters to distribute information to financial and corporate clients.  Financial information services businesses had been relatively unrestricted ... Read More »

S&P ISSUE WHITE PAPER ON RATING AGENCY REGULATORY ISSUES

NEW YORK, March 4 /PRNewswire/ — Appropriate regulation of credit rating agencies will play an important role in building confidence in the marketplace, especially if the purpose of this regulation is to ensure that rating agencies comply with policies and procedures designed to promote independence and objectivity, according to a white paper published by Standard & Poor’s. At the same ... Read More »