- Global Losses From Greek Euro Zone Exit Could Reach ?1 Trillion
May 16 2012 3:56 PM
The financial markets appear to have already priced in Greece?s departure from the euro bloc.
- Huge Demand Prompts Facebook To Sell More Shares In IPO
May 16 2012 8:49 AM
Surging demand for shares of Facebook (Nasdaq: FB), the No. 1 social network, prompted the company to again boost the number of share for sale in its initial public offering.
- Indian Stocks Fall On Greek Political Crisis, High Inflation
May 14 2012 8:20 AM
Bombay Stock Exchange's Sensex lost more than 100 points Monday afternoon trade as the slump in European markets and a worse-than-expected inflation for April hit the markets hard.
- SEC 'Probably' Drafting JPMorgan Subpoenas: Former Agent
May 11 2012 4:57 PM
U.S. Securities and Exchange Commission investigators are probably in the process of drafting subpoenas against JPMorgan Chase & Co. (NYSE: JPM), if they have not already filed them, regarding the bank's loss of $2 billion through proprietary trading, said ex-SEC New York Regional assistant director Joseph Dever.
- Opposition And Islamists Charge Fraud In Algerian Parliamentary Election
May 11 2012 1:00 PM
Members of Green Alliance charged the authorities with fraud for their distant third place finish.
- AngloGold More Than Doubles Profit on High Gold Prices, Sees Metal Going Higher
May 10 2012 4:27 PM
AngloGold Ashanti Limited (NYSE: AU), the largest gold miner in Africa, said Thursday its profit more than doubled in the first quarter, when compared to year ago results, despite decreased output.
- Microsoft Going ?Carbon Neutral? On July 1
May 10 2012 4:03 PM
Microsoft (Nasdaq: MSFT), the world's biggest software company, said it will go ?carbon neutral? on July 1, the start of its new fiscal year.
- Algerian Parliamentary Election Marred By Voter Apathy, Despite Promises Of Fairness, Transparency
May 10 2012 11:19 AM
The government is also permitting about 500 foreign observers, including 120 from the European Union, to monitor the elections.
- Spain, Greece Send Buyers To German, US Bonds: Daily Markets Wrap
May 09 2012 4:17 PM
Anti-austerity momentum in Greece continued to weigh down markets with the prospect of the country defaulting or leaving the euro. Spain?s Ibex 35 Index lost 3 percent, led by bank stocks, while its 10-year yields rose more than 6 percent over banking-sector concerns.
- India Explains To US Why It Needs Iran
May 08 2012 10:24 AM
India Tuesday conveyed to the US that it has to look at the Western sanctions on Iran beyond the issue of energy, as it has critical stakes in the region.
- Malawi Devalues Currency By One-Third To Re-Start Foreign Aid Flows
May 07 2012 2:58 PM
The sudden devaluation has led to some panic-buying by consumers in Malawi, seeking to purchase basic goods.
- India Defers Retrospective Taxation Move; Market And Rupee Cheer
May 07 2012 9:58 AM
In an interim relief to the foreign investors, Indian Finance Minister Pranab Mukherjee Monday said that the government would delay the implementation of the General Anti-Avoidance Rules (GAAR) by one year.
- Greek Polls: Chance Of A Hung Parliament Raises Concerns Over Eurozone Future
May 06 2012 7:08 AM
Polling began in Greece Sunday in an early general election that could push the debt struck country to further turmoil and uncertainty.
- Tanzanian President Sacks Six Ministers Over Corruption
May 04 2012 4:26 PM
Tanzania, one of the poorest countries of earth, has long been shackled by corruption and exorbitant inflation.
- Indian Rupee Continues To Be Volatile, Dips To Four Month Low Due To Trade Deficit And Strong Dollar
May 04 2012 10:53 AM
Indian Rupee dropped to four-months-low of 53.83 at midsession before closing at 53.41/42 against dollar on Thursday, despite Reserve Bank of India's's suspected interventions. Rupee has been continuing its steady fall and the analytics are expecting the Indian currency to touch an all time low of 55.00 per dollar within a short period.
- Foreign Direct Investment To Africa Surging: Report
May 03 2012 4:17 PM
Ernst & Young projects that by 2015, money flowing to Africa will reach $150 billion, which will create 350,000 new jobs annually.
- Excessive Regulation, Policy Paralysis Scare Foreign Investors Away From India
May 03 2012 10:11 AM
The lack of bureaucratic support as well as aggressive regulation and tax policies are scaring away foreign investors from India, the chairman of Honeywell International has said, the Wall Street Journal (WSJ) reported.
- India Bows To US Pressure, Will Cut Iranian Oil Imports
May 03 2012 4:38 AM
In a major victory for the US-EU led sanctions on Iran, the Indian government has asked top two importers of Iranian crude to cut their imports by at least 15 percent this year, the Wall Street Journal WSJ reported, quoting industry sources.
- How To Prevent Another US Bank Bailout
April 29 2012 11:31 AM
Regarding its banking system, the United States has now experienced its third generation of heads the banks win, tails the taxpayer and the public loses.? Is there a better way? Is it possible to create a bank that serves the people of the United States?
- Top 10 World's Best Airports 2012 (PHOTOS, Complete List)
April 29 2012 7:35 AM
Skytarx, the most prestigious brand associated with the recognition and reviews of air travel standards worldwide, has recently released the annual report of the World Airline Awards and World Airport Awards.