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©REUTERS/Alex Domanski Moody's downgrades EU rating outlook to 'negative' Moody's on Monday lowered the European Union's long-term issuer rating outlook from stable to negative, saying the move reflected credit risks of the bloc's key budget contributors.
04 September 2012
US and Egypt's flags. Photo courtesy of middleeastvoices.voanews.com US nears deal to cut Egypt debt by $1 bn: report The United States is weighing a deal with Egypt's new rulers to relieve $1 billion worth of debt, The New York Times reported Monday.
04 September 2012
Kazakhstan President Nursultan Nazarbayev. Photo by Danial Okassov© Nazarbayev instructed to set barrier to shadow economy An important task is to create legislative barriers for the shadow economy and attempts to take budget funds into the shade: Nazarbayev.
03 September 2012
Judgement day looms for euro When the history books come to be written about the euro, September 12, 2012 could well prove one of the most significant dates in the life of the embattled single currency.
03 September 2012
Winds of crisis blow through Venice film festival For all the glamorous seaside partying at the Venice film festival, there is a distinct air of austerity at this year's edition for an industry that is questioning its economic future.
03 September 2012
Bernanke signals desire for more Fed stimulus US Federal Reserve Chairman Ben Bernanke expressed deep worry over the US economy Friday and argued for fresh action to stimulate growth from the central bank.
02 September 2012
Catalan Regional President Artur Mas. ©REUTERS/Albert Gea Standard & Poor's cuts Catalonia debt rating to junk status Standard & Poor's slashed Catalonia's debt to junk-bond status Friday, warning of looming financial tensions with Spain's central government.
02 September 2012
©REUTERS Moody's holds Spain rating pending eurozone moves Moody's said Thursday that it would hold its review of Spain's credit rating until late September as it waits for more clarity on the European Stability Mechanism and moves for a eurozone banking union.
01 September 2012
Photo courtesy of capitalfm.co.ke Angola votes in second peacetime polls Angola votes Friday for only the second time since its civil war ended a decade ago, with the incumbent ruling party expected to sweep the polls.
28 August 2012
Photo courtesy of koutipandoras.gr Moody's upgrades S. Korea credit rating Ratings agency Moody's Investors Service Monday upgraded South Korea's sovereign credit rating, citing strong fiscal fundamentals and resilience to external economic shocks.
28 August 2012
Merkel: 'every day' counts for Greece's austerity steps German Chancellor Angela Merkel on Sunday warned that "every day" counts in efforts by debt-wracked Greece to comply with its commitments and safeguard its eurozone membership.
28 August 2012
Brazil cracks down on cocaine trafficking in border areas Faced with rising cocaine consumption linked to economic prosperity, Brazil is cracking down harder on trafficking along its borders with three top neighboring coca leaf producers: Bolivia, Peru and Colombia.
27 August 2012
Photo courtesy of 123rf.com Superstition thrives in modern Singapore Whenever Christina Tang is overseas and returns to her hotel room, she always knocks on the door before entering even if she is the only occupant.
26 August 2012
Chevron Corp's refinery. ©REUTERS/Robert Galbraith Australia sees China chance in Chevron gas exit Australian officials on Tuesday welcomed Chevron's decision to bow out of Woodside Petroleum's massive Browse liquefied natural gas project as a chance for Chinese investors to buy in.
22 August 2012
Photo courtesy of socialisme.nu Berlin douses hopes of quick euro crisis fix Germany on Monday dampened hopes for powerful action from the European Central Bank to fix the euro crisis and slapped down speculation of an immediate breakthrough on debt-wracked Greece.
21 August 2012
Joerg Asmussen. ©REUTERS/Alex Domanski Greek euro exit 'manageable' but expensive: ECB A Greek exit from the eurozone would be "manageable" even if it would be expensive and result in higher unemployment.
20 August 2012
Italian Prime Minister Mario Monti. ©REUTERS/Juan Medina Italy's Monti warns against euro being EU 'break-up factor' The euro must not become a "break-up factor" that pits northern Europe against crisis-choked nations in the south of the continent.
20 August 2012
New Dominican Republic president pushes anti-poverty fight Economist Danilo Medina was sworn in as the Dominican Republic's new president Thursday and pushed for a pact against poverty as he assumed the post.
18 August 2012
Eurozone fears shadow Merkel's arrival in Canada German leader Angela Merkel held talks Wednesday with her Canadian counterpart on a first-ever bilateral visit shadowed by eurozone fears and Ottawa's refusal to wade into relief efforts.
16 August 2012
Asian economies most at risk from natural disasters Asian countries dominate a league table of economies most at risk from earthquakes, floods, storms and other natural hazards, according to research published on Wednesday.
16 August 2012
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