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Japan to Keep Buying EFSF Bonds, But…
A senior official from Japan has confirmed that Japan will continue purchasing EFSF bonds, but stopped short of a commitment to inject additional liquidity into Europe’s emergency bailout fund....
Another US-Backed Energy Company Goes Bankrupt
A second alternative energy company, which received a loan guarantee similar to the one acquired by Solyndra from the same US Department of Energy (DOE) program, has gone bankrupt...
Panasonic’s Full Year Losses Estimated At US$5.5 Billion
Japanese electronics giant Panasonic has announced that the company is likely to post an annual net loss of 420 billion yen (US$5.5 billion) for the fiscal year ending March...
Key Economic News To Watch This Week
A quick preview of the key economic events for the upcoming week: Monday, 31 October The World Wind Energy Conference and Renewable Energy Exhibition begins in Cairo. Speakers will...
Top UK Firms Paying Less Tax Despite Higher Profits
The effective tax rate paid by FTSE-100 companies has dropped to 26% compared to 35.8% just two years ago, while firms have seen profits increase. According to research conducted...
Discovery of Accounting Error Means Germany Is US$78 Billion Richer Than Previously Thought
Germany received an unexpected bonus to its coffers last Friday after the Finance Ministry discovered an accounting error at the state-owned Hypo Real Estate (HRE) bank, which now means...
Sudan Eyes New Gold Rush To Compensate For Loss of Oil
The Sudanese government has handed out 50 more gold exploration licenses to 73 firms, that it hopes will increase the country’s gold production capabilities, said the state news agency...
Tax Dispute Sparks Mass Protest in China
Hundreds of small business owners in an eastern town in China have protested over a tax dispute, in the latest episode of social unrest resulting from growing discontent and...
Markets Cheer But Questions and Doubts Remain After EU Debt Deal
Bourses worldwide have surged following the European debt breakthrough, but economists warn that the deal falls short of a permanent solution. The markets are clearly relieved after the good...
Survey Finds One in Five Women Never Had a Mentor
LinkedIn, the world’s largest professional network with more than 120 million members worldwide, recently released the findings of a study it conducted to learn more about women and their...


