Latest International Business News
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Govt. determined to put effective financial regulatory system in place Chidambaram
Finance Minister P. Chidambaram on Wednesday said that making laws in the country is not an easy task, and added that this has become even more difficult due to the legitimization of obstructionism as a parliamentary tactic in the coalition era. Addressing a seminar on the 'Indian Financial Code' (IFC) which was framed by Financial Sector Legislative Reforms Commission (FSLRC) with a view to ...
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Trinindad Football hints at probe to uncover missing funds
The Trinidad and Tobago Football Federation (TTFF) has hinted that an investigation could be launched into unaccounted revenues generated by the federation from World Cup 2006. President of the TTFF Raymond Tim Kee announced Tuesday that a probe is being considered during a press conference at the Hasely Crawford Stadium, reports CMC. "From our understanding, TTFF is very much a part of ...
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U.S. to collaborate with India on developing global approach to combat terrorism
The United States has pledged to collaborate with India on developing a global approach to combat increasing terror threats. After the India-US Homeland Security Dialogue in Washington, a joint communique said the two countries have also agreed to enhance bilateral co-operation to combat terror financing and currency counterfeiting. Home Minister Sushil Kumar Shinde led a high-powered Indian ...
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Casual sex after split could help heal broken hearts
The first order of business after a split is by getting involved in some casual sex, according to experts. However, casual sex to some is fine only if the two have truly, emotionally, moved on, the Huffington Post reported. It could be good idea, as it helps you to forget that you have been sleeping with a jerk before. As long as it is protected there is problem at all. It's part of the ...
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Tokyo market plummets more than 7 dragging down global stocks
A woman walks past an electronic board displaying a graph showing the dramatic downturn of Japan's Nikkei average outside a brokerage in Tokyo, May 23, 2013. (Toru ...
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Kenya Former councillors ask for Uhurus help in send off package stalemate
They lamented that without the gratuity, they were unable to cope with the increasing cost of living, saying they were wallowing in poverty after losing in the March General Elections. Speaking to the press in Kisii town on Thursday, the civic leaders led by former Kisii Deputy Mayor Patrick Siro, they said MPs in the last parliament were each paid Sh3.7 million gratuity but councillors were ...
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Lifestyle Nokia to sponsor mobile stream at a global forum
The Forum, a joint initiative between infoDev, a global innovation program within the World Bank, and the Department of Science and ...
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Morning business news - May 23
IRELAND HAS OTHER ATTRACTIONS FOR FDI APART FROM CORPORATION TAX - Apple and Ireland are still making the news this morning, after Tuesday's US Senate hearing and yesterday's summit in Brussels on tax. Kevin Gardiner of Barclays - the man responsible for coining the The Celtic Tiger phrase - says that some of Ireland's past economic success was down to foreign direct investment, ...
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Good news for Pakistan Saudi to extend $15 bn bailout package to Pakistan
Pakistan's key ally Saudi Arabia is expected to extend $ 15-billion bailout package to Pakistan’s highly indebted energy sector to help the nation overcome power ...
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Paediatric Medicines Global Recommendations
Transparent information on the evidence supporting global recommendations on paediatric medicines should be easily accessible in order to help policy makers decides on what drugs to include in their national drug lists, according to international experts from Ghana and the UK writing in this week's PLOS Medicine. The authors, led by David Sinclair from the Liverpool School of Tropical ...
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Finance Ministry forecasts budget deficit elow 0.6 of GDP in 2014
MOSCOW, May 22 (Itar-Tass) - The Russian Finance Ministry forecasts the growth of the budget deficit below 0.6% of GDP in 2014, below 0.7% in 2015 and 0.6% of GDP in 2016, Finance Minister Anton Siluanov told reporters on ...
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HSBC China manufacturing shrinks
Beijing - Manufacturing activity in China contracted in May for the first time in seven months, HSBC said Thursday, in another sign of the weakness of recovery in the world's second-largest ...
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DairyCo calls for industry debate after FFA criticism
MILK levy board DairyCo has called for an industry debate on how work to promote the image of dairy farming should be funded, after its use of levy funds was criticised by Farmers For Action (FFA). At a meeting organised by FFA in Staffordshire last Thursday, dairy farmers called for better value from their levy money when it comes to bolstering their position in the marketplace.Addressing ...
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If Microsoft can’t beat them it bashes them
Scroogled " campaign, to "Bing It On", the company is more focused on the current king of online search than solving its own problems. Focusing on Google internally is fine enough, but is classless to do so publicly. You should never have to bash a competitor's products to further advance your own. With that said, Microsoft continues the desperation in the latest Bing blog ...
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Solomons PM commits to transparent mining
Solomon Islands Solomon Islands prime minister Gordon Darcy Lilo says he's committed to developing the country's mining sector transparently and sustainably.Mr Darcy Lilo was in Sydney on Thursday to give a a keynote address at the Extractive Industries Transparency Initiative's (EITI) sixth global conference.His country was the first Pacific nation to sign up to the EITI, a ...
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Rob Ford let go from football coaching job remains silent on crack allegations
TORONTO -- From Rob Ford's SUV escape from reporters at a Tim Hortons, to his firing from his beloved high school football program, to Doug Ford's spirited defence at a City Hall press conference, Torontonians have been witness to yet another bizarre day as the mayor's crack-cocaine video scandal shows no sign of abating.The Toronto Catholic District School Board announced ...
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Stephen Harper’s government withholds details of $16-million PR campaign for oil industry
OTTAWA -- The Harper government is declining to explain how and where it is spending millions of taxpayer dollars on advertising to promote oil, gas and pipeline companies as well as other Canadian natural resources.Facing nearly four hours of questions from opposition MPs this week, Natural Resources Minister Joe Oliver also declined to provide specifics on a training program, worth up to ...
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Honda Kagawa among 26 in Japanese squad for World Cup qualifier
(34 mins ago) Keisuke Honda and Shinji Kagawa have been picked in Japan's 26-man squad for the 2014 World Cup qualifier against Australia next month. Japan has 13 points in Group B of Asian qualifying and can clinch its fifth straight World Cup appearance with a win or draw against Australia on June 4 at Saitama Stadium, AP reports. Australia is third with six points and needs to do well ...
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EUs Barnier wants big companies to reveal national tax bills
BRUSSELS (Reuters) - Large companies should disclose how much tax they pay in each country where they operate, the European Commission's top regulatory official said, in the text of a speech to be delivered on ...
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Fitch Menaikkan BCA Finance ke AAA Prospek Stabil
Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ...
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Fitch Affirms Idaho Housing Finance Associations 2000 Indenture GO Pledge Outlook Stable
Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ...
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Tanzania Mwambani Port Project to Transform Tanga Economy
TANGA Region is set to benefit immensely from the Mwambani Port and Railway Corridor (MWAPORC) project that envisages transforming the regional economy. The Mwambani project includes the construction of a deep sea and free port as well as a new heavy haul standard gauge railway that will link the Indian Ocean from Tanzania through Uganda and the Democratic Republic of Congo (DRC). Tanga ...
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Business slump in May leaves France mired in recession - PMI
PARIS (Reuters) - French business activity retreated again in May despite a slight improvement in manufacturing, a survey showed on Thursday, offering little hope of a quick exit from recession in the euro zone's second-biggest economy.Data compiler Markit said its preliminary composite purchasing managers index, covering activity in the services and manufacturing sectors, was unchanged in ...
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Fifa World Cup-themed $820 million mall for Qatar
A QR 3 billion (US$820 million) World-cup themed shopping mall in Doha which hopes to attract 20 million visitors a year is set to be completed in 2015 the developer said yesterday. Developer UrbaCon Trading & Contracting said the Mall of Qatar, a 162,000 square metre mall located in Doha next to one of the future venues for the FIFA 2022 World Cup, has been designed with a FIFA theme. ...
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Ford cites high costs currency for decision to quit making cars in Australia
Ford Motor Co. will shut its two Australian auto plants in October 2016, blaming a strong currency and costs that are hitting manufacturers just as the country looks for other sectors of its economy to cushion the end of a mining boom.Ford Australia will close its engine plant in Geelong and its vehicle assembly plant in Broadmeadows, both in Victoria state, with the loss of 1,200 jobs, Ford ...
Kazakhstan Focus
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Kazakhstan capital's next challenge
Astana, the capital of Kazakhstan, has experienced rapid growth in recent years and has seen the completion of some impressive architectural feats, now there are plans by the government to build a huge indoor city within the capital, providing the country with a modern feat of engineering and a tourist attraction of which to be proud.
Astana and Dubai, despite vast differences, have a few things in common as cities. Dubai is not the capital of the United Arab Emirates, while Astana is the capital of Kazakhstan, Astana is one of the coldest capitals in the world while Dubai is in one of the hottest regions on the planet. But Astana, like Dubai, has experienced rapid development in recent years, due in large part to the relocation of the capital to the city, and like Dubai, it has had to make sometimes impressive adaptations to architecture and development in order to compensate for the climate. Read more
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