The world's biggest companies disclose little or no financial details about their operations abroad, according to a report by Transparency International, which singled out Chinese companies but pointed to U.S. The Berlin-based anti-corruption watchdog named Bank of China , Honda Motor , Bank of Communications , Agricultural Bank of China and Russia's Sberbank (SBER.MM) as the five least transparent companies. Bank of China could not be reached for comment on the report. "We need more transparency from multinational companies, whose power in the world economy closely rivals the biggest countries," said Transparency International chairman Jose Ugaz.
via Business News http://ift.tt/1tYSC7V
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