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Shell To Challenge $5 Billion Fine For Nigerian Oil Spill
Royal Dutch Shell PLC have been slapped with a record $5 billion fine for environmental damaged caused by an oil spill in Nigeria’s Bonga field last year, reported the...
5 Reasons You’re Still in Debt
Are you struggling with debt and looking for credit card debt relief? In order to eliminate debt and safe yourself from excessive liabilities, you must eliminate additional and unnecessary...
Bangladesh Installs CCTVs In Government Offices To Catch Corrupt Officials
Public officials from Bangladesh’s education ministry will soon have their activities tracked while at work, reported Reuters on Tuesday, after Education Minister Nurul Islam Nahid installed close-circuit television cameras...
HSBC Accused of Money Laundering for Drug Cartels and Terrorist Groups
Europe’s largest bank, HSBC, has been investigated for alleged money-laundering offences involving Iran, drug cartels and terrorists. In a 340-page report released ahead of a US Senate hearing on...
Are Oil Prices Rigged?
Days after news of the LIBOR scandal broke, a report commissioned by the G20 warns that oil prices could be rigged by traders as the current system of oil...
India Suffers Largest Growth Forecast Cut Among Emerging Markets
The International Monetary Fund (IMF) has lowered India’s economic growth estimate from 6.9 percent to 6.1 percent for 2012, reported Reuters on Monday, with the cut seen to be...
UN Western Aid Workers Denied Visas To Syria
Syria has refused to grant entry visas for Western aid workers despite the escalating humanitarian crisis, said a senior U.N. official to Reuters on Monday, with an estimated 1.5...
China Woos Foreign Investors by Slashing Taxes
In a bid to stimulate its slowing economy, China has announced that it will cut taxes on the profits of foreign companies by up to 50 percent. A commentary...
UAE Launches Oil Pipeline To Bypass Strait of Hormuz
Nearly three-quarters of the United Arab Emirates’ total oil exports will now leave the country via the newly opened Fujairah export terminal on the Gulf of Oman, said UAE...
Key Economic News to Watch This Week: July 16
After the slew of negative reports from China last week, investors will be looking towards the United States for some better news this week. Fed Chairman Ben Bernanke will...


