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The widening accounts of fraud pose a stark problem for the Obama administration, which has 68,000 American troops deployed here to help reverse gains by Taliban insurgents.
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Pier Francesco Guarguaglini resigned as chief executive in May 2011 and as chairman in December in a widening accounting investigation led by prosecutors in several Italian cities.
HealthSouth Corp. said Tuesday it fired Emery Harris, its vice president and assistant controller who a day earlier became the third company executive to plead guilty to criminal charges in a widening accounting fraud scandal.
"Olympus doesn't change my view at all on Japanese investments," Buffett said, referring to a widening accounting scandal at the company, which has admitted hiding losses for decades through improper accounting, raising questions about Japanese corporate governance standards.
The currency has been depressed by India's widening current account deficit, The current account deficit is a broader measure than the trade deficit, and includes cross-border income flows on investments.
China's widening current-account surplus and its strong investment imply excess supply.
A widening current-account deficit can be a classic sign of overheating, as domestic demand outpaces supply.
Inflation is only 1.4% and China has a widening current-account surplus, which implies excess supply rather than excess demand.
France also faces declining exports and a widening current-account deficit that is one of the euro zone's highest.
A widening current-account gap is less likely to be filled by tourism revenues if PKK terrorism spreads.
Yet by predicting a widening current-account surplus in China, the IMF provides respected fodder for protectionists who want to slap tariffs on Chinese goods.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com