Urgent Need for Progress on Energy Efficiency in Brazil China India Says New World Bank Book

The FINANCIAL — With energy prices and greenhouse gas emissions ballooning at the same time as energy demand from China, India and Brazil is surging, the world has a major stake in successful energy reduction efforts in these big developing nations, says a new World Bank book released on February 27.
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A Joint WB and AfDB Strategy to support The Gambia’s PRSPII

The FINANCIAL — The World Bank Board of Executive Directors on February 26 endorsed the World Bank and the African Development Bank Joint Assistance Strategy (JAS) to support the implementation of the Gambia’s PRSP-II for the next four years (2008-2011).
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 According to Madani M. Tall, Country Director for The Gambia, “this [...]

Aston Business School’s new chair set to be a winner

The FINANCIAL — Dianne Thompson CBE, Chief Executive of Camelot Group Plc, operator of The UK National Lottery, has recently taken on an additional role as Chairwoman of the Advisory Board at Aston Business School in Birmingham.
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Named the “first lady of marketing when she topped Marketing magazines Power 100 [...]

GIC Real Estate Acquires The Westin Tokyo from Morgan Stanley Fund and Starwood Capital Group Funds

The FINANCIAL — GIC Real Estate, the property investment arm of the Government of Singapore Investment Corporation, Starwood Capital Group Global, LLC and Morgan Stanley Capital K.K. announced on February 26 that an affiliate of GIC Real Estate has completed the transaction to purchase The Westin Tokyo from a special purpose company owned by real estate funds [...]

Heads of HR and Risk appointed to HSBC’s top management team

The FINANCIAL — Ann Almeida, Group Head of Human Resources, and Brian Robertson, Group Chief Risk Officer, have been appointed Group Managing Directors and join the HSBC Group Management Board, with effect from 25 February 2008.
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Chaired by Group Chief Executive, Michael Geoghegan, the 11-person Group Management Board constitutes the [...]

KfW issues 100 bn yen Global Bond

The FINANCIAL — KfW on February 26 issued its first global bond in Japanese yen this year. The issue volume of the bond is JPY 100 billion (EUR 623 million). It has been very well received by investors. The lead managers are Daiwa, Mitsubishi UFJ and Nikko Citi. Co-lead managers are Mizuho, Nomura and UBS.
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Jeffrey J. Brown Named Treasurer of Bank of America

The FINANCIAL – Bank of America announced on February 26 that Jeffrey J. Brown has been named Corporate Treasurer and Charles F. Bowman Finance Business executive.
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Brown and Bowman are replacing J. Chandler (Chan) Martin who is retiring after 27 years of service with the company. Effective mid March, Martins responsibilities will be [...]

Standard Chartered profit rises 25%

The FINANCIAL — According to Gulfnews, Standard Chartered Plc, the only UK bank trading higher than a year ago, said 2007 profit increased 25 per cent, driven by lending in India, Hong Kong and the Middle East.
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Net income rose to $2.84 billion, or $1.99 a share, from $2.28 billion, [...]

Microsoft Unveils Its First Windows Embedded RD Center in Europe

The FINANCIAL — Microsoft Corp. on February 26 announced the launch of its first Microsoft Embedded Systems Development Centre (MESDC) in Aachen, Germany.
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The MESDC is part of Microsoft ’s effort to expand regional development centers in Denmark, France, Ireland, Serbia, the U.K. and other countries across Europe. The center will [...]

The Spanish Stock Exchange is the world’s second biggest in terms of financing provided to companies

The FINANCIAL — New investment flows channelled through the Spanish stock exchange in 2007 reached $ 119.73bn, only behind NYSE in the world ranking, according to data from the World Federation of Exchanges (WFE).
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New investment flows channelled through the market include capital raising transactions and new flotations on the [...]