QE3 Reviving Fears Of Global Currency Wars
September 14 2012 4:33 PM EDT
Thursday's announcement by the U.S. Federal Reserve that it would be engaging in a third round of open-ended bond-buying, known as QE3, to energize the economy saw a resoundingly positive reception in the foreign financial markets, where indexes rose Friday. But market-watchers were expecting the global equity party would lead to an inevitable hangover soon, in the form of intervention by central banks around the world, to stop massive inflows of dollars into non-U.S. economies -- in short, a...
Ahmadinejad Accuses West Of Creating Drought Conditions In Iran
September 10 2012 12:50 PM EDT
Mahmoud Ahmadinejad is claiming that Western nations are conspiring to throw Iran into a serious drought (and thereby threaten its agriculture) by deliberately destroying rain clouds headed toward the country.
Reflecting On The Towers: At The Center Of The World
September 10 2012 11:08 AM EDT
Originally viewed in the 1970s as a project that added too much office space to Lower Manhattan, the Twin Towers of the World Trade Center became a symbol not only for New York, but for the United States, for capitalism, for the cosmopolitan / urban life, for modernity itself.
Saudi Arabia May Run Out Of Oil By 2030: Citigroup
September 05 2012 12:04 PM EDT
A new report from Citigroup says that Saudi Arabia, the world's eighth-largest exporter of oil, could become an oil importer by 2030.
Gaza May Be Unlivable By 2020
August 27 2012 4:11 PM EDT
Over the next eight years, the population in the narrow band of land will increase by half a million people to 2.1 million
Tiffany, Heinz, Pandora, Joy Global, Splunk: Earnings Reports To Watch, Aug 27-31
August 24 2012 4:30 PM EDT
While the second-quarter earnings season is coming to a close, investors will still see a trickle of companies reporting results next week. They include Heinz, Joy Global, Pandora Media, Splunk, and Tiffany.
North Korea And Iran, Two-Thirds Of George W. Bush's 'Axis of Evil,' To Meet In Tehran At NAM Summit
August 24 2012 2:31 PM EDT
As North Korea's figurehead of state visits Iran for the Non-Aligned Movement summit from Aug. 26 to Aug. 31, the U.N. and the U.S. will be paying close attention to the development of these two nations' relationship.
War With Iran Could Cost Israel $42 Billion - Or A Lot More
August 24 2012 5:53 AM EDT
Research groups say Israel may only suffer a 5 percent blow to GDP, but estimating the full cost of a war is a notoriously inaccurate undertaking.
New US Work Visa Regulations To Hit Indian IT Companies Badly
August 22 2012 6:59 AM EDT
The U.S. Department of Labor (DOL) is set to adapt a tougher visa regime that makes getting H-1B nonimmigrant visas harder for the U.S. companies. Once implemented, the DOL decision will hurt several companies that hire cheap and skilled workers from countries like India and China.
Gold Demand Plunges In Top Global Markets: Will Emerging Markets Take Up Slack?
August 20 2012 10:41 AM EDT
Gold prices continued to decline this week, dragging even lower due to unusually weak demand from China and India - the two largest gold consumers - that has extended for several months.
Obama Reported To Consider Tapping Oil Reserve
August 16 2012 7:47 PM EDT
The White House is "dusting off old plans" for a potential release of oil reserves to dampen rising gasoline prices and prevent high energy costs from undermining the success of Iran sanctions, a source with knowledge of the situation said.
Gold Demand Falls To A Two-Year Low; India, China Weigh
August 16 2012 5:40 AM EDT
The demand for gold fell to its lowest level in two years in the second quarter of 2012, as the price rise along with the economic slowdown has deterred major consumers India and China from buying the yellow metal, the World Gold Council said on Thursday.
IEA Sees Oil Demand Growth Slowing Further In 2013
August 10 2012 11:33 AM EDT
Global oil demand growth will fall next year below already very weak levels of 2012 due to a slow-down in economic activity, the west's energy watchdog said on Friday.
Nepal Bans Young Women From Seeking Work In Middle East Over Exploitation Fears
August 09 2012 12:34 PM EDT
In 2010, fifteen Nepali servants committed suicide in Lebanon due to gross abuses.
Pakistan: Half-Million Hard Core Heroin Addicts And Counting...
August 09 2012 11:23 AM EDT
Pakistanis consume heroin valued at $1.2 billion every year.
BREAKING: Italy, Spain Downgraded by DBRS
August 08 2012 12:33 PM EDT
Toronto-based credit rating agency DBRS, Inc. announced today it is downgrading the sovereign credit ratings of the Kingdom of Spain and the Republic of Italy from their current "A (high)" ratings. The rating agency gave Spain's long-term rating a two-notch downgrade to "A (low)." Italy was taken down one notch to "A."
HP Boosts Earnings Estimates After Firings Start
August 08 2012 10:51 AM EDT
Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, raised its estimates for third-quarter earnings to $1 a share from 94 cents apparently because of higher demand as well as the initial impact of firing 27,000 employees to shave costs.
The Dangerous Roads Of Morocco: Traffic Fatalities Very High In North African State
August 02 2012 10:40 AM EDT
About 4,200 people died in traffic accidents in Morocco in 2011, a 12 percent jump from the prior year, according the nation?s equipment and transportation ministry.
Global Manufacturing Slumps On Lingering Euro Zone Debt Crisis
August 01 2012 2:37 PM EDT
Euro zone Purchasing Managers Index (PMI) numbers continued their 11-month straight contraction, with manufacturing in Italy, Spain and Greece continuing their alarming downward trends.
Despite Oil Reserves And Billions In International Aid, Iraq's Economy Falters
August 01 2012 11:36 AM EDT
The financial situation in Iraq, one of the world's largest reservoirs of crude oil, has become grave.