Latest Articles

Published by Special to CorpWatch | By Pratap Chatterjee | Tuesday, March 27, 2012

Big Brother is watching Iranians with a little help from Chinese and European companies. Reuters revealed that ZTE Corporation had sold Tehran surveillance technology. This comes in wake of revelations late last year by Bloomberg that Creativity Software in the UK had sold the Iranians "location tracking and text-message monitoring equipment."

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Published by CorpWatch Blog | By Pratap Chatterjee | Thursday, March 22, 2012

Brazil has demanded that 17 Chevron and Transocean executives surrender their passports while they await the outcome of criminal charges brought against them for a spill that took place off the coast of Rio de Janeiro last November. Both companies have been in trouble for similar problems in the past.

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Published by Special to CorpWatch | By Elias Cabrera | Sunday, March 18, 2012

Emerald Energy, a UK company owned by Sinochem of China, is exploring for oil in the eastern Colombian Andes in the high altitude tropical mountain tundra ecosystem known as páramo. Local communities say that the company's underground explosions have caused landslides and ground collapses that have destroyed homes, crops and contaminated the local water supply.

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Published by CorpWatch Blog | By Pratap Chatterjee | Thursday, March 15, 2012

Three Barclays bankers made more than $15 million in 2011 salary packages, with the CEO making $28 million. The numbers were revealed under a pact made by the banking sector with the UK government, under Project Merlin, sparking outrage.

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Published by CorpWatch Blog | By Pratap Chatterjee | Wednesday, March 14, 2012

Greg Smith, a Goldman Sachs employee in London, has quit the company with a fiercely critical op-ed in the New York Times in which he accuses the Wall Street investment bank of losing its moral compass.

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Published by Associated Press | By John Heilprin | Monday, March 12, 2012

The World Trade Organization ruled that U.S. planemaker Boeing received $5.3 billion in illegal government subsidies over a quarter-century. Airbus and Boeing have both complained to the WTO that the other is receiving state aid. They are locked in a long-running trade dispute over a market believed to be worth more than $3 trillion over the next decade.

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Published by Inter Press News Service (IPS) | By Inés Benítez | Monday, March 12, 2012

Two Spanish lawyers have launched a campaign on social networking sites to prise out information about Euribor, the reference interest rate used for calculating mortgage payments in Spain, and to draw attention to the lack of transparency surrounding the way the rate is set.

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Published by New York Times | By Joe Nocera | Monday, March 12, 2012

During the final, desperate days before it entered bankruptcy proceedings, MF Global executives took money from segregated customer accounts - money that belonged not to MF Global but to the farmers and commodities traders that were its clients - and used it to prop up its rapidly collapsing business. Nor was this petty cash: of the $6.9 billion in customer assets that MF Global held, a stunning $1.6 billion is missing. There is virtually no chance that the full amount will ever be recovered.

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