Word: banking
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...Chinese officials seem to recognize that high economic growth almost always leads to higher inflation rates - and that they can live with that as long as people don't revolt. At the end of September, China's central bank predicted consumer price rises would accelerate from an average 4.6% rate this year to 5% in 2008. Higher food costs continue to be a worry. As Chinese grow richer, they are eating more meat, which pushes up demand for grains such as soy and corn, says Jing Ulrich, head of China equities at JP Morgan in Hong Kong. Although Ulrich expects...
...certainly written to imply that I had been. For the record, after receiving my law degree from the University of Kansas, I was a research attorney for a justice of the Kansas Supreme Court. Later I accepted the position of an assistant vice president and trust officer at a bank. After our first child, I worked again in a trust department until shortly before the birth of our second child. Simply put, I have worked both in the home and outside of the home, just as a vast majority of American women have. Thank you for letting me clear...
...more than three-quarters of the increase, according to the WWF, which monitors global warming. Thailand and Malaysia, which switched to gas-fired power plants in recent years, are now turning back to coal. There's no shortage of investors. Despite objections from environmental groups, the Asian Development Bank (ADB) last month agreed to fund the $1 billion, 2,200-megawatt Mong Duong coal plant in northern Vietnam. Greenpeace has urged the ADB to invest in alternative-energy projects instead. But technologies such as wind power aren't advanced enough to meet Vietnam's needs, says Woo Chong...
...fund to around $350 billion. But those good times couldn't last forever. With fields beginning to dry up, oil production has slid to 2.6 million bbl a day this year from 3.5 million six years ago, says John Olaisen, Oslo-based energy analyst at Carnegie, a Nordic investment bank. For Helge Lund, 44, formerly CEO of Statoil and now chief of the combined company, the message couldn't be clearer: "If we're going to grow the company," he says at StatoilHydro's office in Oslo, "we have to grow outside Norway...
...swing, the $9.2 billion project will pump up to a fifth of Britain's gas. More than that, though, StatoilHydro's technological muscle on show at Ormen Lange can give it an advantage when bidding for projects in places like the Arctic, says Kjetil Bakken, an analyst at investment bank Fondsfinans in Oslo...