Press release

“Women entrepreneurs are a largely untapped, under-resourced sector of the economy” – Dr Sylvia Anie.

The Commonwealth is working to unlock the potential of women entrepreneurs by urging banks and governments to recognise the economic benefits of granting women access to much needed finance.

During a roundtable held at the Commonwealth Secretariat in London, UK, from 27 to 28 June 2012, delegates from development agencies, banks, member countries’ ministries of finance and other bodies discussed ways of creating an enabling environment for female entrepreneurs…..article

European leaders arrived in Brussels on Thursday afternoon for a two-day summit that some observers are calling the last chance to save the euro….articles

Asian stocks, euro surge on EU bond support…article

These pioneers have prime roles in multibillion-dollar funds

By industry estimates, about $2 trillion is invested in global hedge funds. And as anyone familiar with Wall Street should know, the lion’s share of that cash is managed by men.

But women are carving out a bigger piece of the hedge fund world. According to The Hedge Fund Journal, women were running about $100 billion of that total in 2011 — and when COOs are included along with researchers and executive teams, that total moves up to $200 billion. True, 10% of the total isn’t a lot to crow about — we are hardly at a place where the industry is truly “equal opportunity.” But considering Wall Street was exclusively a man’s world just several decades ago, it is worth noting that women are indeed on the rise. ….article

Paul Volcker is a former chairman of the US Federal Reserve Board.

HONG KONG – Nowadays there is ample evidence that financial systems, whether in Asia in the 1990’s or a decade later in the United States and Europe, are vulnerable to breakdowns. The cost in interrupted growth and unemployment has been intolerably large.

Illustration by John Overmyer

But, in the absence of international consensus on some key points, reform will be greatly weakened, if not aborted. The freedom of money, financial markets, and people to move – and thus to escape regulation and taxation – might be an acceptable, even constructive, brake on excessive official intervention, but not if a deregulatory race to the bottom prevents adoption of needed ethical and prudential standards……article

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Dagmar

Fed reports U.S. families lost 39% of worth in recession

Financial crisis erases two decades of accumulated prosperity of US families.

The Economic Times

The recent financial crisis left the median U.S. family in 2010 with no more wealth than it had in the early 1990s, erasing almost two decades of accumulated prosperity, the Federal Reserve said Monday.

Corruption a pan-European problem: new report

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Dagmar

Connected -Women has moved

Please follow the @Connected Women

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Dagmar