The deal, brokered by the Geneva-based GAVI Alliance (Global Alliance for Vaccines and Immunisation), is the first under a new scheme called an Advance Market Commitment (AMC) which guarantees a marke...
The agency said in a statement it had raised Morocco’s long-term foreign currency sovereign credit rating to ‘BBB-‘ from ‘BB+’, and its long-term local currency sovereign credit rating to â€...
California aims to avoid major economic shocks with its carbon cap-and-trade system slated to start in 2012, the state’s chief climate change regulator said recently, adding that the most populous U...
The financial sector in the tiny Horn of Africa nation is attracting new business as a stable country surrounded by trouble spots. “The banking sector in Djibouti has seen an explosion. Last year ei...
Beijing’s groans over US demands to let the yuan rise have been grand theatre, but domestic currents favouring a stronger currency are likely to prevail when Chinese leaders cool down to plot policy...
New York Dow Jones industrial average — 14164.53 London FTSE 100 index — 6930.2 Tokyo Nikkei average — 38915.87 Frankfurt DAX index — 8105.69 Paris CAC-40 General index — 6922.23 Sydney Aust...
A New Zealand banker defrauded clients of $13m to fund a lavish lifestyle of prostitutes, property and wine, according to local media. Stephen Gerard Versalko, 52, was convicted of stealing NZ$17.8m f...
Malaysia is considering proposals to end its subsidy regime and phase in a new goods and services tax as it begins dismantling a four-decade race-based economic system that has deterred foreign invest...
Tanzania has scope to raise spending on infrastructure projects in the fiscal year starting in July against a background of higher economic growth and slowing inflation, the IMF has said. The east Afr...
Andrew and Mark Madoff, sons of fraudster Bernard Madoff, have submitted a request with a US court to dismiss all the complaints against them, with prejudice, court documents showed. In a filing with ...