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Draghi Touts Austerity Message as ECB Cuts Borrowing Costs
ECB chief Mario Draghi on Thursday said it is crucial that eurozone governments do not “unravel” the progress made in reducing their borrowing cost, arguing that EU leaders must...
Infographic: How Does Silk Road Affect the Value of Bitcoin?
The ever-growing trend in Bitcoin has economists watching. Compared to gold, whose value plummeted last week, is it inevitable that Bitcoin's value will also diminish? What would happen if...
Indonesia’s Rating Outlook Lowered Due To Stalled Reforms
Global credit rating agency Standard & Poor’s on Thursday cut Indonesia’s debt outlook from “positive” to “stable”, arguing that recent economic reforms had lost its momentum, while a weaker...
Qatari Bank Named As World’s Strongest In First Year On Bloomberg List
The semi state-operated Qatar National Bank (QNB) has been named as the world’s strongest bank in Bloomberg Markets’ third annual ranking of global financial institutions, after seeing its profits...
China Warns US of Rising Japanese Nationalism
China’s ambassador to the United States on Wednesday said that while Washington is concerned about stability in region, a rise in Japanese nationalism is counterproductive and hinted that Washington...
EU Mulls Trade Action After Bangladesh Factory Collapse
The European Union may take trade action against Bangladesh in an attempt to force the country to take workplace safety more seriously, following last week’s factory building collapse which...
Austerity Undermining Essential Human Rights In Greece, Warns UN Expert
Austerity measures in Greece have severely reduced citizens’ access to jobs, health, water and energy, said a United Nations expert on Wednesday, urging the Greek government and its international...
Brazil President To Renew Push For Oil Royalty Funds Towards Education
Brazil’s President Dilma Rousseff will reattempt to pass a bill earmarking all oil royalties collected by the state to go into public education funding, reported Reuters on Wednesday, after...
Money CAN Buy Happiness & People Can Never Be Satisfied, Claims New Study
It might sound like a glaringly obvious statement to some of us, but according to new research conducted by economists from the University of Michigan, more wealth will indeed...
Iran Oil Exports At Lowest Level Since 1986 Iran-Iraq War
Tightened international sanctions against Iran caused its crude oil exports to drop by 39 percent last year, claimed the U.S. Energy Information Administration (EIA) this week, cutting Iran's net...


