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Spain Eyes University Fee Hike To Cut Budget Deficit
Spanish universities could raise their tuition fees by as much as 50 percent this year, claimed a report by El Mundo on Thursday, after the nation’s education minister Jose...
China Hints at ‘Steady’ Monetary Easing As Economy Slows
As China’s economy heads for a slow down, the Chinese central bank has promised to boost the supply of liquidity in the financial system by turning to monetary easing...
HSBC London Issues First Offshore Dim Sum Bond
HSBC, Europe’s biggest bank by market value, has become the first bank to issue a yuan-denominated bond outside a sovereign Chinese territory. Hoping to raise at least 2 billion...
Ghana’s Cedi Now Worst Performing Currency In Africa
The value of Ghana’s cedi will decline by another 9.2 percent in 2012 following record depreciation last year, said a report by Bloomberg on Wednesday, which will make the...
Italian Museum Burns Artwork To Protest Budget Cuts
A contemporary art museum in Naples, Italy, has begun to burn its collection of art pieces in a public protest against harsh government budget cuts, which have left many...
Shareholders Reject Citigroup’s $15m CEO Pay Package
Citigroup shareholders have rejected a pay package that would have seen the bank’s chief executive receive $15 million a year, a major embarrassment for one of the world’s biggest...
Goldman Sachs Reports $2.1 billion Q1 Profit
Wall Street’s Goldman Sachs has reported a higher than expected $2.1 billion profit for the first quarter of 2012, an outcome of the company reining in costs and risk-taking...
Russia Ends “Cheese War” With Ukraine
Russia has agreed to begin re-importing cheese from neighbouring Ukraine after a two-month long ban, which many believed to have been politically motivated, claimed a report by Reuters on...
Japan Pledges $60 Billion To IMF Firewall For Europe
Japan will provide $60 billion in loans to the IMF in order to boost the fund’s financial firepower against the eurozone debt crisis, announced Japanese Finance Minister Jun Azumi,...
Argentina Moves to Seize Control of Spanish Energy Company YPF
Despite fierce criticism from Spain and EU officials, Argentina has announced plans to seize majority control of Spanish oil and gas company YPF. Last November, YPF announced a major...


