Chris Swann is a Reuters Breakingviews columnist, based in New York. He writes about hedge funds, commodities and asset management. He joined from Bloomberg News, where he covered global poverty issues and the International Monetary Fund. From 1997 to 2006 Chris was a reporter at the Financial Times in a variety of roles including currency correspondent, economics reporter and columnist on Lex. He has a first-class degree in History from Oxford University, and has also studied piano performance at the University of Michigan and International Relations at Cambridge.
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The U.S. oil giant says Rex Tillerson takes home less than peers – and far less than shown in SEC filings. Yet including stock he knows he’ll get later, he’s in the top spot. While delaying pay by up to 10 years is shareholder-friendly, claiming the CEO doesn’t receive it is not.
Finance ministers meeting in DC blasted Congress’ refusal to back more lending power for the fund and a bigger voice for the likes of China and Brazil. Harsh words alone won’t do much. But votes against Ukraine loans and other plans would inflict a high price on foot-dragging.
The 0.7 percent share of GDP rich countries are pegged to donate to poor ones was set in 1970. World Bank boss Jim Kim just praised the UK for becoming one of only five to meet the goal. Such assistance is too political, though, and not the most effective way to spur development.
- Africa's growth spurt challenged by twin deficits
- Bad headlines are good news for Petrobras
- U.S. oil majors demand export satisfaction
- Oi's botched offering besmirches Brazilian markets
- Ukraine needs gas efficiency more than imports
- U.S. LNG exports set for boost from Ukraine
- Venezuela's oil diplomacy is past its sell-by date