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Two-third Of Bankers Claim They’re ‘Underpaid’: Survey
More than two-thirds of financial professionals worldwide were unsatisfied with their overall remuneration package last year, showed a survey published by recruiting firm Selby Jennings on Monday, with nearly...
China to Abolish Rail Ministry to Curb Corruption
China on Sunday announced plans to streamline several government ministries, doing away particularly with the powerful but scandal-plagued Ministry of Railways. The move is the seventh bureaucratic restructuring in...
Key Economic News to Watch This Week: March 11
The EU Summit opens on Thursday and investors will be watching closely for clarity and details about a region-wide banking regulator as well as a bailout for Cyprus. Monday,...
Qatar Makes First Natural Gas Discovery In 42 Years
Qatar, the world’s largest exporter of Liquefied Natural Gas (LNG), has found as much as much as 2.5 trillion cubic feet (tcf) of natural gas in an offshore field,...
New Zealand Banks Face $1 Billion Lawsuit Over “Excessive” Fees
Registered banks in New Zealand are being sued for overcharging $1 billion in default fees to more than 1 million customers over the last six years, in what may...
Number of Billionaires in Chinese Parliament on the Rise
The ranks of ultra-rich individuals in China’s legislature increased 17 percent from last year, highlighting the cozy relationship between the wealthy and the ruling Communist party. Among the delegates...
Most US Banks Able to Weather Deep Recession
U.S. banks have enough capital to withstand a severe economic downturn, the Federal Reserve said on Thursday, announcing that 17 out of 18 major banks had passed its annual...
Russia May Join Cyprus Bailout: Report
Russia is set to join the International Monetary Fund, the European Central Bank and the European Commission in bailing out troubled Cyprus, reported Reuters on Thursday, on condition that...
ECB Downplays Italy Fears, Keeps Interest Rates On Hold
The European Central Bank on Thursday left its benchmark interest rate at a historic low of 0.75 percent, after President Mario Draghi insisted that the political gridlock in Italy...
US Spent Too Much and Achieved Too Little in Iraq: Report
The United States’ rebuilding effort has achieved little despite $60 billion spent in a vast reconstruction effort in Iraq since the 2003 invasion, said an auditor’s report published on...


