In the 1970s, long before the word “globalization” achieved common currency, the buzzword in India was “brain drain” -- an apparent problem that almost everyone in my family and circle of friends wanted to be part of. Many young men and women educated at highly subsidized public institutions started leaving the country in the 1960s to deepen or monetize their skills in First World countries. Unlike short-term contract workers servicing the construction boom in the Persian Gulf and … [Read more...]
Lorre White reports, ‘French Banks Record Deposits …’
February 13, 2013 by
Will French Banks Record Deposits Grease The Wheels Of The Region’s Economic Recovery? French banks’ corporate deposits hit a record at the end of 2012, helped by clients like Sebastien Mejean, the co-founder of online jeans retailer Sojeans. The entrepreneur put most of the 2 million euros ($2.7 million) he raised from an Italian fund in deposits at Societe Generale SA and HSBC Holdings Plc’s French unit. Mejean, like BNP Paribas SA client LVMH Moet Hennessy Louis Vuitton, SA, the world’s … [Read more...]
