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Obama Proposes $800m In Aid For Arab Spring
The Obama administration has asked the Congress for a $800 million ‘Middle East Incentive Fund’ – a fund that would help ‘Arab Spring’ countries in transition and create incentives...
China Lowers Bank Requirement, Over $60b Expected to Enter Financial System
China’s central bank on Saturday lowered the reserve requirement ratio (RRR), the mandated amount of cash holdings banks must keep, boosting lending capacity by an estimated 400 billion yuan...
Resource Companies Step Up Opposition Against Anti-Corruption Rules
A group of natural resources companies, including Royal Dutch Shell and BHP Billiton, are set to oppose new anti-corruption and transparency rules put forward by the US and the...
Abuse, Errors and Inconsistencies Found In Foreclosures
A Californian audit has uncovered gross levels abuse in foreclosures, with almost 84 percent of all foreclosures illegal and two-thirds of all foreclosures with at least four violations or...
Al Gore Hits Out At ‘Unsustainable Capitalism’
Former U.S. vice-president Al Gore has hit out against what he sees as ‘unsustainable’ capitalism, and calls for remedial changes to the financial industry which can promote long-term and...
Russia To Benefit From Western Sanctions On Iran
In the last few months, the United States and Europe have imposed tough sanctions on Iran, especially on Iranian oil exports as a retaliation move against the belligerent state’s...
Why Does The White House Want Cheaper Pennies And Nickels?
President Barack Obama has submitted a proposal to Congress asking for permission to produce cheaper pennies and nickels. Why? As part of the United States 2013 fiscal budget, Obama...
China Promises More Help For Euro Debt
China is ready to invest even further into eurozone governments’ debt, reported Reuters on Wednesday, after the central bank’s governor called on the region to produce more attractive investment...
Pakistan, Afghanistan and Iran Hold Anti-Terror Trilateral Summit
Starting Thursday, Pakistan will play host to leaders from Afghanistan and Iran, in a trilateral summit aimed at strengthening and promoting peace and security in the region. The two-day...
Citigroup To Pay Out $158 Million Settlement For Mortgage Fraud
Citigroup Inc, the third largest bank in the US, has agreed to pay the US government over $158.3 million to settle an investigation into its mortgage practices, after admitting...


