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India Could Be Downgraded to ‘Junk’ Status: S&P
India could be the first BRIC nation to lose its investment grade, said credit ratings agency Standards and Poor who cited disappointing growth, policy paralysis and corruption as the...
EU To Permit Unapproved GMOs in Food Imports
The European Union will begin drafting new rules that will allow for trace amounts of unapproved genetically modified organisms (GMOs) to be present in food imports to the region,...
US Banks Clean Up With Green Pledges
Bank of America has become the latest U.S.-based bank to commit to new environmental investments, reported Reuters on Monday, after the company announced a 10-year, $50 billion Environmental Business...
Iran Feels the Pinch as Oil Export Loss Reaches $10bn
Tough Western financial sanctions aimed at forcing Iran to abandon its nuclear programme have already taken its toll on Tehran’s state finances. Iran’s crude exports are down by about...
Key Economic News to Watch This Week: June 11
It looks set to be an important week for meetings and events, especially for the oil industry. The OPEC meets in Vienna and releases its monthly oil market report...
Senegal Embarks On Anti-Corruption Drive To Attract Investors
Senegalese President Macky Sall, who won a March 25 presidential election to end a 12-year rule by Abdoulaye Wade, has begun auditing several government institutions and programs suspected for...
Fast Food Giants Report Declining Profits As Asians Lose Taste
Global fast food giants McDonald’s and Yum! Brands, which runs the KFC and Pizza Hut chains, will introduce more value-priced items on their Asian menus over the coming months,...
Fed Stands Ready to Act If European Aftershocks Reach the US
Fed Reserve Chairman Ben Bernanke has signalled that the American central bank is prepared to take any necessary steps required to protect the US economy if the European crisis...
US Companies Hoarding Less Cash Than Previously Thought
When US President Barack Obama declared last year that American companies are holding nearly $2.3 trillion on their balance sheets, many questions were raised over how that money could...
Infographic: The Destructive Debt Collection Business
Living with debt can be a difficult situation. The constant pressures of trying to pay off your loans often lead to financial and personal complications, which are further exacerbated...


