- Sneaking Your Money Across Borders: Capital Flight On The Rise
June 04 2012 4:24 PM
An increasing number of people are trying more ways to sneak money out of countries that are buckling under the weight of the world's almost daily financial crises.
- Inflation In OECD Nations Slides In April
May 29 2012 12:19 PM
Inflation in developed economies fell last month as crude oil and food prices slowed their increases, the Organization for Economic Cooperation and Development said Tuesday.
- After Civil War, BP Returns To Libya
May 29 2012 11:38 AM
After the Libyan civil war last year call but halted the country's oil and natural gas industry, BP on Tuesday announced it will resume its exploration work in the biggest oil-producing nation in Africa .
- Iran Will Not Stop Enriching Uranium to 20 Percent; Plans to Construct Two More Nuclear Reactors
May 27 2012 6:00 AM
Iran will not compromise on the West's demand to stop enriching Uranium to 20 percent, said Fereydoon Abbasi Davani head of Iran's Atomic Energy Organization.
- Polio Remains Endemic in Nigeria, Pakistan And Afghanistan: Health Officials
May 24 2012 12:04 PM
GPEI warned that failure to eradicate polio could lead to as many as 200,000 paralyzed children a year across the globe.
- HP?s CEO Chops 27,000 Jobs, Investors Cheer
May 24 2012 9:42 AM
Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, leaped as much as 7.4 percent Thursday after the company said Wednesday it would fire 27,000 people.
- Iran Rejects West's Proposal On Nuclear Curbs, Talks Come To A Standstill
May 24 2012 8:12 AM
The talks between world powers and Iran over Tehran's nuclear program came to a standstill Thursday as it accused the P5+1 group (five permanent members of the UN and Germany) of creating a difficult atmosphere hindering talks.
- Rio Environmental Summit To Focus On Global Food Security Issues
May 23 2012 4:12 PM
As soils, freshwater, oceans, forests and biodiversity are being rapidly degraded and climate change puts more pressure on the resources, it is time to rethink how we grow, share and consume our food.
- Nigeria To Deport Chinese Migrants Engaged In Illegal Trading
May 23 2012 2:10 PM
Ifeadi called the Chinese scavengers who were taking jobs that should be the exclusive preserve of Nigerian people.
- US Hopes Pakistan Will Reopen NATO Supply Routes
May 23 2012 10:47 AM
The US hopes that Pakistan will agree to reopen the supply routes to NATO troops in Afghanistan as the Senate has threatened to link the aid to Pakistan with the country's cooperation on the issue.
- Global Stocks Fall On Fears Of Greek Exit From Euro Zone
May 23 2012 8:47 AM
Asian, European and U.S. stocks fell hard Wednesday on rising fears and uncertainty about a possible Greek exit from the euro zone as well as concerns over slowing economic growth.
- Indian Rupee Continues To Fall, Crosses 56 Mark Against Dollar; Analysts Seek Strong Corrective Action
May 23 2012 6:46 AM
The Indian rupee descended to the all-time-low of 56.04 per dollar Wednesday even as the Reserve Bank of India and the Indian government said that they were monitoring the situation closely and taking corrective measures.
- European Stocks Boosted By Positive Outlook: Daily Markets Wrap
May 22 2012 4:13 PM
Comments regarding a rebound in the Chinese economy from the Organization for Economic Cooperation and Development lifted stocks earlier Tuesday and kept Asian and European bourses in the green. The comments came after Chinese Prime Minister Wen Jiabao said last weekend his government would focus more on growth than inflation.
- Falling Indian Rupee: What Government Has Done To Protect Economy
May 22 2012 9:56 AM
Blaming the Euro Zone crisis for a weak Indian economy Indian Finance3 Minister Pranab Mukherjee said that government is taking several steps to protect the economy and rupee from further pressures.
- OECD Sees Euro Zone Crisis Threatening Global Recovery
May 22 2012 8:29 AM
The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain the damage from its problem debtor states, the OECD said on Tuesday.
- Existing Home Sales, Durable Goods, China PMI: Economic Events For May 21 - 25
May 21 2012 9:21 AM
This week's economic calendar is relatively light in the U.S. with the releases of existing home sales, durable goods orders, and the University of Michigan consumer confidence survey. Attention will likely focus on data out of Europe. Euro zone PMIs, Germany IFO survey, and first-quarter gross domestic product data for the U.K. will be released.
- Air India Likely To Hire Retired Pilots, Government Mulls Over Implementing Panel Report
May 19 2012 5:35 AM
Air India is planning to hire retired pilots for flying international routes even as a strike by a group of pilots entered the 12th day Saturday.
- Facebook IPO: Biggest Tech IPO Ever Soars 10% But Closes With A Whimper
May 18 2012 11:07 AM
Shares of Facebook (Nasdaq: FB), the No. 1 social network that raised $16 billion in its initial public offering, the biggest in Internet history, soared more than 10 percent but closed up by only a fraction.
- Facebook Prices IPO Shares At $38; Values Company At Record $104 Billion
May 17 2012 4:20 PM
Facebook (Nasdaq: FB), the No. 1 social network, raised $16 billion in its initial public offering, the biggest in Internet history, valuing its shares at $38.
- Afghanistan Demands $4.1 Billion A Year; Plans To Sell Islamic Bonds
May 17 2012 4:33 AM
Afghanistan, bracing for a potential sharp decline in financial support from the West amid fears of a fresh military offensive by the Taliban insurgents, has demanded $4.1 billion a year for its security forces after the foreign troops pull out in 2014, ahead of the NATO summit starting Sunday.