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Greece deal slashes contagion risk -UniCredit CEO
Eurozone finance ministers approved a 30 billion euro emergency aid plan for debt-plagued Greece on April 11. Together with at least 10 billion euros expected from the IMF in the f... -
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Kenya Treasury says no borrowing for extra $543m
“Borrowing for this year is even closed. There will be no more borrowing,” Geoffrey Mwau, economic secretary at the Finance Ministry, told reporters. Treasury wants an addition... -
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Brain drain, low investment hamper African science
Africa’s contribution to the global body of scientific research is very small and does little to benefit its own populations, according to a report from Thomson Reuters. Like Ind... -
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Gulf values to catch up with emerging markets
Though foreign investors have slowly started coming back to the region, there still exists a 40-50 percent discount between the Middle East markets and that of the emerging economi... -
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China state firms hand in plans to exit property sector
China’s agency overseeing big state-owned businesses has received plans from 78 state companies spelling out how they intend to sell out of the nation’s heady property market, ... -
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World Bank set to approve S Africa utility loan
The World Bank is set to approve a controversial $3.75bn loan to help South African state utility Eskom develop a coal-fired power plant despite objections from the US and environm... -
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World Bank lending hits record $100bn
The World Bank stepped up lending in July 2008 at the request of member countries as demand from developing countries increased in the face of a worsening world recession and sharp... -
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Volcker: Taxes likely to rise eventually to tame deficit
The US should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White House adviser Paul Volcker has announced.... -
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Southeast Asia could grow 5.6% this year – ASEAN
Southeast Asian economies will grow up to 5.6 percent this year but the expansion could be jeopardised if economic stimulus is withdrawn too early, according to a report by a regio... -
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China’s influence silences Asia on yuan peg
China’s increasing regional influence will keep Asian governments from pressuring the world’s fastest growing economy into letting its currency strengthen for fear of economic ...
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