Kenya's parliamentary building has undergone a major renovation, worth millions of dollars. Meanwhile, about half the citizens live in poverty.
Jacey Fortin
Aug 08, 2012
Asian stock markets advanced for the third straight session on Wednesday as sentiment continued to improve on hopes that the major central banks around the world will soon announce new round of stimulus measures to spur economic growth.
Satya Nagendra Padala
Aug 08, 2012
Most of the Asian markets rose Wednesday as investor confidence continued to be lifted by hopes that the European Central Bank will take actions to reduce the debt pressure faced by Spain and Italy.
Bhaskar Prasad
Aug 08, 2012
Europe's strongest economies are being dragged down by the recessions in other European countries, some of which are expected to join beleaguered Greece in seeking a bailout.
Mike Obel
Aug 07, 2012
India's new finance minister P Chidambaram has said that his topmost priority is to regain the investors' confidence.
Sreeja VN
Aug 07, 2012
A spate of data releases over the coming days is expected to show signs of China's economy stabilizing in July after a slowdown that reduced its growth to its slowest rate in more than three years during the second quarter.
Moran Zhang
Aug 07, 2012
Finance Minister P. Chidambaram sought on Monday to allay investor worries about an economy growing at its weakest pace in almost a decade by pledging to address their concerns over taxes, public finances and interest rates.
Ambrosia Sabrina
Aug 07, 2012
The U.N. today announced the Sudan and South Sudan have reached a The announcement comes just days after Secretary Clinton's talks with the leaders of the two countries, urging them toward a consensus on the issue.
Maya Shwayder
Aug 06, 2012
After rounding up over 6,000 suspected illegal immigrants over the weekend, Greek authorities announced that 1,600 will be deported.
Ryan Villarreal
Aug 06, 2012
Jamaica enjoys a stable political system but serious economic problems persist, as does violent crime
Laura Matthews
Aug 06, 2012
Globalization -- basically, free markets and the transfer of jobs to lower-cost labor/production centers -- has lifted more than 1 billion people out of poverty. However, globalization, at least initially, also contains a contradiction that, in time, could undermine not only the uniting of markets, but trade and global GDP growth itself.
Joseph Lazzaro
Aug 06, 2012
With China’s economy continuing to slowdown in 2012 market participants feel it is imperative that stimulus measures be implemented to regain the growth momentum.
Bhaskar Prasad
Aug 04, 2012
The Fed will drop its wavering plans for a fresh spate of monetary stimulus measures, according to Bernard Baumohl, chief global economist at the Economic Outlook Group.
Nish Amarnath
Aug 03, 2012
The exit of one or more countries from the euro zone could drive gold prices significantly higher by the end of this year, according to a Friday Capital Economics report.
Nish Amarnath
Aug 03, 2012
At a time when the U.K. is in a recession, what will the Olympics mean for the country's sagging economy? Will the event worsen the ongoing recession or help initiate economic recovery?
Nish Amarnath
Aug 03, 2012
China's services activity growth recovered in July to the fastest pace in nine months after the slowdown in June, according to the HSBC Purchasing Managers' Index (PMI) released Friday.
Bhaskar Prasad
Aug 03, 2012
The Canadian province of Quebec is set for an election on Sept. 4 that will pit pro-federalist Liberal Party, which currently holds a majority in the National Assembly, against the pro-separatist Parti Quebecois.
Ryan Villarreal
Aug 02, 2012
U.S. 30-year fixed mortgages rates rose for only second time in the past 14 weeks on modest economic improvements, mortgage financier Freddie Mac said Thursday.
Roland Li
Aug 02, 2012
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.
Palash Ghosh
Aug 02, 2012
Unconventional times require unconventional measures, and with the U.S. economy growing at a truly tepid rate, perhaps it's time to try an innovative fiscal stimulus proposal recommended by an economist about three years ago.
Joseph Lazzaro
Aug 01, 2012
The Federal Reserve on Wednesday offered a gloomier view of the economy as the labor market showed no sign of improvement since its last meeting. However, despite mounting signs of a sharp slowdown in the U.S. economy, central bank officials decided to take more time to make up their mind and refrained from enacting another monetary stimulus.
Moran Zhang
Aug 01, 2012
Investors are abandoning equity stocks amid the global economic slowdown and falling corporate revenues during the second quarter, according to multiple reports.
Roland Li
Aug 01, 2012