Economic Development News
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Mexico’s attempt to solve the country’s housing shortage by constructing millions of new homes far from city centers has crippled the nation’s homebuilders and fueled record foreclosures. For Antonio Diaz, a former investment banker with Banco Santander SA, it’s an opportunity.
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President Barack Obama told Myanmar President Thein Sein that building democracy and ending human rights abuses will bring greater prosperity to the Southeast Asian nation.
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Lithuania doesn’t meet standards for running state-owned companies set by the Organization for Economic Cooperation and Development, which the nation seeks to join, the Baltic Institute of Corporate Governance said.
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Indonesia named Chatib Basri finance minister today as the government prepares to raise the price of subsidized fuel and curb a current-account deficit that has hurt the rupiah.
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South Africa’s government has shelved plans to set up a sovereign wealth fund to manage the country’s foreign reserves and currency because of declining metal prices.
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The conditional approval of a natural gas export terminal in Texas doesn’t necessarily open the floodgates for overseas sales as the U.S. weighs how best to use its growing energy resources.
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Indiana Governor Mike Pence pulled his support of a plan by a Pakistani company to build a fertilizer plant after the Pentagon raised concerns that its products were being used to make bombs.
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Britain’s spending watchdog called on the government to explain how it will fill a 3.3 billion pound ($5 billion) shortfall to pay for a new high-speed rail line.
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Iron ore slumped into a bear market on concern that slowing economic growth in China, the world’s biggest buyer of the steel-making raw material, will hurt the outlook for demand as global supplies increase.
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More than 11 percent of investments under U.S. professional management were selected for companies’ financial performance and their social and environmental responsibility in 2012. That’s $3.74 trillion of the $33.3 trillion in investments scanned for environmental, social and governance criteria (known as ESG), according to a November report by the U.S. SIF Foundation.
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