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IMF Obtains Commitment from Ukraine to End Corruption
The International Monetary Fund has been in talks with the Ukraine regarding a $17.5 billion bailout. That bailout was in jeopardy due to rampant corruption among those in Ukraine's...
Nigerian President Consolidates Bank Accounts to Reduce Corruption and Borrowing
President Muhammadu Buhari has approved a measure that consolidates state bank accounts under the central bank, according to Reuters. The move not only reduces the amount of borrowing, but...
OECD Economist: Central Banks Jeopardizing World Economy
William White is a senior adviser to the Organization for Economic Cooperation and Development (OECD), and heads the OECD's Economic and Development Review Committee. He is making waves with...
Job Openings Strengthen Despite Labor Decline
More job openings are being posted as companies look for new workers, yet job growth in the private sector remains weak and wholesale goods sales begin to decline. The...
Weak U.S. Jobs, Payrolls Drive Sharp Stock Losses
Equity markets struggled Monday amidst two reports pointing to a sluggish and weakening job market in America. U.S. nonfarm payrolls rose by just 151,000 versus expectations of 190,000 in...
Declining Exports and Rampant Corruption Plague Malaysian Economy
Recent data reveals that Malaysian exports for December grew slower than analyst predicted they would due to weaker commodity demand on the world market, according to Reuters. Natural gas...
Japan, Iran Enter Into Investment Treaty, $10 Billion Debt Guarantee
Japan and Iran have entered into a bilateral investment treaty and an agreement for a $10 billion debt guarantee for Iran. The move could create an enormous inflow of...
Obama Announces Ambitious Clean Energy Plan
President Barack Obama announced a plan to implement a fee oil companies would pay to fund investments in alternative energies. The plan would impose a $10 fee on every...
Mongolia Approves Mining Deal after Five-Year Delay
The Mongolian government approved a deal with Canada-based Centerra Gold Inc. to mine gold reserves in the Gatsurt Gold region, according to Reuters. The deal stipulates that Centerra hold...
WTO Solar Panels Dispute in India has another Surprising Twist
A dispute before the World Trade Organization (WTO) has surprised many; India has appealed a ruling by the WTO and now seeks a compromise in a dispute regarding domestic...