- World?s Most Expensive Cities For Expats In 2012 [SLIDESHOW]
June 12 2012 11:08 AM
Though rents went down, grocery bills shrank and companies trimmed their workforce after the devastating 2011 earthquake and tsunami, Tokyo edged past Angolan capital Luanda to become the world?s most expensive city for expatriates in Mercer?s 2012 survey.
- Who Is Africa?s Richest Man?
June 11 2012 2:51 PM
Forbes has upped its wealth estimate for Aliko Dangote, founder and chief executive officer of the Dangote Group, to $11.2 billion.
- Facebook Falls Again: 3 Week Loss Is $48 Billion
June 07 2012 4:56 PM
Shares of Facebook (Nasdaq: FB), the No. 1 social networking site, fell nearly 2 percent on Thursday, exactly three weeks after the company took in $16 billion in its initial public offering.
- IMF Rewards Malawi With Loan Following Banda?s Reforms
June 07 2012 4:02 PM
Malawians have faced severe shortages and other economic problems since the IMF drastically reduced lending facilities last year.
- South Sudan: Corruption Threatens Nascent Economy
June 05 2012 11:14 AM
South Sudanese President Silva Kiir is pleading with 75 government officials to return $4 billion in stolen public money.
- Air India Gets Cash Boost Of $215 Million To Pay Salaries, Dues
June 05 2012 7:02 AM
In an effort to revive the debt-ridden Air India, the government pumped in Rs. 1,200 crore ($215 million) as equity on Monday, to be put to use in paying employee salaries and vendor dues.
- Big Data? Vast Majority Isn?t Prepared, New Survey Shows
June 05 2012 6:30 AM
Global enterprises are aware of the coming of so-called ?Big Data,? or the trillions of bytes of electronic data flowing through the Cloud and Internet.
- 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.