Former Morgan Stanley Strategist Barton Biggs Dies At 79
July 16 2012 9:18 AM
Former Morgan Stanley global market strategist Barton Biggs died on Sunday, according to an internal firm memo, The Wall Street Journal reported Monday.
China's Economic Growth Slowest in 3 Years
July 13 2012 7:09 AM
China's growth rate slowed for a sixth successive quarter to its slackest pace in more than three years, highlighting the need for more policy vigilance from Beijing even as signs emerge that action taken so far is beginning to stabilise the economy.
India's Industrial Output in May Up by 2.4 Percent
July 13 2012 3:53 AM
India's industrial output picked up more than expected in May, bolstering the case for the Reserve Bank of India (RBI) to keep interest rates high at its next policy meeting as a slow start to the monsoon puts pressure on inflation, especially food prices.
Thousands Of Nepali Hirls Trafficked To India As Sex Workers Every Year
July 12 2012 12:36 PM
Nepali women, especially those of the Tamang ethnic group, have long been prized for their fair complexions and delicate features.
Why Have 26 Workers In Bahrain Committed Suicide This Year?
July 11 2012 4:07 PM
More than 100 Indian laborers are trapped in Bahrain over a wage dispute with Nass Corporation. Some have no money to support their families in India and no hope of escape.
India Gets Its Third Stock Exchange; MCX-SX To Be Functional In Couple Of Months
July 11 2012 5:39 AM
MCX Stock Exchange (MCX-SX) is all set to become India's third full-fledged stock exchange as it got license from the Securities and Exchange Board of India (SEBI) to trade in new asset classes, including equities, futures and options and other products.
World Economies Slowed In May, Even White-Hot Brazil Disappoints: OECD
July 09 2012 12:38 PM
The world's major economies extended their slowdown in May, with conditions deteriorating significantly in India and Italy, according to a statistical indicator released by the Organisation for Economic Co-operation and Development on Monday. Even in Brazil, one of the few economies surveyed that is expanding, the pace of growth slowed.
Kenya Nixes Iranian Oil Imports Over Western Threats Of Sanctions
July 05 2012 9:13 AM
Kenyan had signed a deal in June to purchase about 4 million tons of oil from the Iranian National Oil Company.
Amnesty For Illegal Migrants Symbolizes Poland?s Shift From Emigration Source To Economic Power
July 03 2012 11:00 AM
On the whole, Poland has at least 40,000 illegal immigrants, with Vietnamese, Pakistanis and Ukrainians accounting for the bulk
Euro Zone Summit, GAAR Guidelines Boost Indian Markets; BSE Sensex Reaches Two-Month High
June 29 2012 7:31 AM
India's BSE Sensex soared more than 430 points or 2.59 percent to a two-month high of 17448.48 Friday on positive global and domestic cues. The 30-share benchmark index opened at 17134.61 and reached a high of 17448.48 before closing down at 17429.98.
Iran Oil Sanctions: China Gets Exemption From White House; U.S. Will Boost Monitoring Of Banks
June 28 2012 4:05 PM
Following an extended game of chicken, the Obama administration granted China and Singapore an exception to the Iranian oil sanctions, senior White House officials said Thursday.
EU Insurance Ban Picks Off South Korea From Iran's List Of Oil Importers
June 26 2012 6:21 PM
South Korea announced it will halt imports of Iranian crude oil as the European Union's ban on insuring oil shipments from Iran comes into effect toward the end of the month.
S. Korea Bans All Iranian Oil Imports From July
June 26 2012 10:27 AM
The world's fourth largest importer of Iranian crude added it would seek supplies from elsewhere, rather than follow the example of Japan and offer sovereign insurance guarantees for tankers shipping Iranian crude.
Election of Muslim Brotherhood's Morsi Will Likely Improve Egypt?s Finances
June 25 2012 1:18 PM
With the victory of the Muslim Brotherhood candidate in Egypt's presidential runoff, the world's largest Arab nation appears set not just for a transition to democracy but also for economic growth, Egyptian officials said Monday after the election results were announced.
Europe Has Three Days, Not Three Months, to Avoid 'Fiasco': Soros
June 25 2012 12:05 PM
Multibillionaire financier George Soros, who is quickly becoming an éminence grise on the topic of the euro zone financial crisis, said in a televised interview Monday that the leaders of Europe had three days to resolve their disagreements on the appropriate way to move forward in anticipation of a summit Thursday.
'Vicious Cycles' Continue To Go 'Round And 'Round: BIS
June 24 2012 11:13 PM
Five years into the most significant global financial crisis since the 1930s, the world's leaders have formulated neither the fiscal policies nor the monetary policies required to deal with it, according to the Bank for International Settlements' 82nd Annual Report, which was released Sunday.
Azerbaijan - A Repressive, Corrupt Country That The West Loves
June 23 2012 1:40 PM
With all of its contradictions, Azerbaijan is a complex country to fully figure out: Its tangled friendships and autocratic policies are often puzzling as are its relations with the West. But its obsession with oil is as undiluted and unwavering as anything the country has ever done.
World Wealth Report 2012: Asians Top List Of Millionaires
June 21 2012 4:54 AM
The millionaires in Asia outnumber their counterparts in North America for the first time while the overall financial wealth of high net worth individuals (HNWI) declined across all regions except the Middle East, according to a new study.
27 Million Slaves In The World: Hillary Clinton
June 20 2012 1:01 PM
The State Department released its report ahead of the 150th anniversary of President Abraham Lincoln?s Emancipation Proclamation, which freed the slaves in the U.S. South in 1863.
Oil Rises After OPEC Maintains Current Production Ceiling
June 14 2012 2:56 PM
Brent crude futures turned positive while U.S. oil extended gains on Thursday after news that OPEC had agreed to keep its collective oil output ceiling unchanged for the second half of the year at 30 million barrels per day, according to a delegate to the conference.