Investment Technology Group (ITG), a U.S. stock broker, paid a $20.3 million fine for running a secret operation named Project Omega to take advantage of "dark pools" trading orders made by its clients. Experts say that Barclays and Credit Suisse may also soon pay fines for dark pools trading scams.
Ravi Kanbur, lead author of the World Bank's forthcoming World Development Report (WDR) on Poverty, has tendered his resignation. He has sent a letter to senior Bank management expressing his concerns about what he saw as unreasonable pressure to tone down WDR sections on globalisation.
Tell the World Bank to stop funding incinerators. Dioxin factories are not ''sustainable development''! Stand in solidarity on Sep. 25 with people in Kenya, Argentina, South Africa, Mexico, India, Brazil, Turkey, Mozambique, Nigeria, Philippines, South Korea, Bulgaria, and the U.K. as they tell the World Bank to break its ugly incinerator habit.
Congressman Bernard Sanders (I-VT), the Ranking Member of the International Monetary Policy and Trade Subcommittee, today called for an immediate Congressional investigation of the recent $30 billion International Monetary Fund (IMF) bailout of Brazil.
The World Bank on Saturday said it had canceled a conference on how to fight poverty due to take place in Spain next month because of concerns anti-globalization groups would try to disrupt the event.
The ''report of the international financial institution advisory commission'' sounds so innocuous. It is not. In the current US debate, it will be explosive. The question is whether it will end with pure destruction or efficient replacements for the International Monetary Fund, World Bank and regional development banks of today.
Anti-privatisation protestors are expected to descend on the streets of Johannesburg this month as they demand a reversal of the sale of their municipal water supply to French multinational Suez Lyonnaise des Eaux.
September 29-30 the World Bank and International Monetary Fund will meet with each other in Washington DC... and meet tens of thousands of people from around the country and world opposing them in streets.