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China To Charge Oil Shipments For Pollution Compensation Fund
China’s Ministry of Finance will impose a duty on all oil shipments entering Chinese waters beginning from July this year, said the China Daily on Tuesday, with the proceeds...
US Funds Finding Ways to Cash in on Europe’s Crisis
As European leaders scramble to find remedies for a debt crisis that is threatening to spiral out of control, hedge fund managers in the United States have been finding...
US Shale Energy Industry Sparks Bean Boom In India
The multi-billion dollar shale energy industry in the U.S. is indirectly triggering a massive rush to harvest guar beans in India, claimed a report by Reuters on Monday, as...
Greeks Outraged by Lagarde’s Tax Evasion Comments
Greek politicians and citizens are enraged by International Monetary Fund Managing Director Christine Lagarde’s dismissive comments that Greeks are avoiding paying taxes. In an interview with the UK’s Guardian...
Key Economic News to Watch This Week: May 28
The gathering of European leaders last week failed to bring any clarity on the euro’s future and outlook. Neither progress was made over the debt crisis, nor any commitment...
Ukraine Unlikely To Recoup Euro 2012 Losses
The Ukrainian economy may never recover its $13.4 billion outlay to host next month’s European football championship, claimed a report by Reuters on Sunday, as corruption scandals and a...
Irish Town Revives Pre-Euro Currency To Boost Economy
Business owners from a small border town in Ireland have begun accepting payment for services in punts – the pre-euro Irish currency – in the hopes of improving the...
With Cuts in Public TV Funding, Spanish Eurovision Entrant Told “Please Don’t Win”
As the Spanish economy struggles under the weight of its debt, Spanish public television directors have urged its representative at the Eurovision Song Contest, Pastora Soler, not to win...
Malaysian Government To Sue Bersih Protest Organisers For “Damages”
The Malaysian government is attempting to claim compensation from several organisers of the recent ‘Bersih’ (clean in Malay) mass protest rally for fairer elections, after alleging that the campaign’s...
Infographic: Biggest Bailouts of the 21st Century
From the subprime crisis that started in the United States 4 years ago, to the uncontrollable European sovereign debt crisis, we’ve seen countless of bailouts in the last 3...


