США

The U.S. tax law that would force financial institutions worldwide to report to U.S. tax authorities will increase expenses and modify global banking culture, financial experts said today.

"From 2014 we will have another way of banking," said at a press conference the specialist in risk consulting firm Deloitte, Ramon Arosemena.

11 JUN. 2013. The presidents of the United States, B. Obama, and Peru, O. Humala, agreed today to promote educational exchanges between the two countries and strengthen cooperation against the "scourge" of the drugs.

"The state of our relationship is very strong," summarized Obama after receiving Humala in the Oval Office at the White House.

Both pledged to promote educational exchanges within a program created by the Obama administration to have 100,000 American students in the United States and the same number of Americans in Latin America.

Very little has changed since the G-20 announced the end of offshore havens in 2009. A new report by the NGO ActionAid puts in question the British government's political will to combat the problem.

Russia and Chile should broaden close cooperation in all respects year by year. This is the opinion of Michail Orlovets, the Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Chile. In his interview to our journal he told us about political, trade, economic, and cultural aspects of cooperation, and also gave useful advice to Russian entrepreneurs.

But the difficulties occur in a new principality. And firstly, if it be not entirely new, but is, as it were, a member of a state which, taken collectively, may be called composite, the changes arise chiefly from an inherent difficulty which there is in all new principalities; for men change their rulers willingly, hoping to better themselves, and this hope induces them to take up arms against him who rules: wherein they are deceived, because they

afterwards find by experience they have gone from bad to worse.

Niccolo Machiavelli. “The Prince”

It is well known from the finance theory that “profit” and “risk” terms always go hand in hand, as in case of change of any parameter the other one changes as well. There are a lot of theoretical and applied researches based on the classic “Portfolio Theory” of Harry Markowitz describing a combination of risky and risk-free assets (practical financiers also widely use the William Sharpe ratio).

In the financial world occurrences which have not found their expression in fundamental scientific works yet regularly appear and persist for a long time. Let’s consider the most interesting and fundamental ones.

 The leader in modern aircraft construction is the USA with 53% of world market, the total volume of which is $155bn. Russia has its modest 3.4% and mainly due to military airplane sale. Nowadays 248 Russian enterprises relating to aircraft industry are under operation. Their proceeds came to more than 608bn rubles last year.

The tragic events that occurred in Japan on March 11, 2011 led to the most serious nuclear accident in the last 25 years and raised the question of trust in nuclear power all over the world. On April 4 of the current year analysts of the Swiss bank UBS evaluated the significance of the so-called “Fukushima disaster”: “At Fukushima, four reactors have been out of control for weeks, casting doubt on whether even an advanced economy can master nuclear safety”. Swiss experts believe that “this accident seriously damaged confidence in nuclear power”.

 Several years of preparation and creation of infrastructure, months of discussing the agenda, a week of the summit and many million fireworks. All this is about the summit of Asian-Pacific Economic Cooperation (APEC) on Russky Island (Vladivostok) in 2012.