China doubles loans to Africa to $20 billion
President Hu Jintao said Thursday China would offer $20 billion in new loans to Africa, as he delivered a speech to a Beijing forum on co-operation with the resource-rich continent.
19 July 2012
HSBC shares dive in Hong Kong after apology
Shares in global banking giant HSBC fell more than two percent in Hong Kong on Wednesday after a top executive resigned over the lender's failure to control money laundering and terrorist financing.
Heat and drought ravage US breadbasket
There was no end in sight Tuesday to the blistering heatwave baking much of the United States that has farmers mulling cutting down crucial crops and sent grain prices skyrocketing.
Olympic security firm expects $77 million loss
British security firm G4S said Friday it expects losses of up to $77 million after the government had to deploy extra troops for the Olympics because the company failed to provide enough guards.
15 July 2012
Visa, MasterCard to pay billions in card-fee suit
Credit card giants Visa and MasterCard agreed Friday to pay more than $6 billion to millions of merchants which had sued them for allegedly fixing card-use fees.
US nuclear plant problem worse than thought: report
US nuclear regulators published an update on California's troubled San Onofre power plant Thursday, sparking an expert warning that the problem is more serious than first thought.
South Korea unexpectedly cuts key interest rate
South Korea's central bank unexpectedly cut its key interest rate Thursday for the first time in more than three years, joining international moves to ease the impact of the eurozone debt crisis.
Kazakhstan's H1 2012 GDP growth estimated at 5.6%
Kazakhstan national GDP is expected to grow by 7% in 2012, Kazakhstan’s President Nursultan Nazarbayev had stated when speaking at the V Astana Economic Forum May 23.