The UN Security Council on Friday lifted a six-year ban on Liberian diamond exports. The 15-nation council voted unanimously on 'Resolution 1753 (2007)' and ended the embargo imposed in 2001. Back then, it was widely held that diamond exports from...
Tags:
U.N., Liberia, Blood Diamonds, Diamond Export Ban, Resolution 1753 (2007), Ellen Johnson-Sirleaf, Emyr Jones Parry, Kimberly Process, , Nathaniel Barnes, Business
The US economy slowed down sharply while inflation accelerated in the first three months of the year, the government reported on Friday, again sparking off anxiety that the nation might be sliding into a more serious downward spiral. The US Commerce...
In years to come it is expected that Japan could have a thriving property derivates market. A number of companies are quite eager to create these OTC products. It is being said that over the counter derivates could add more stability to the property...
Did you ever think in your wildest dreams that inflation could reach four figures? This has happened in Zimbabwe where inflation has jumped to a record figure of 2,200% in March. All this is happening as a result of widening political and economic crisis...
Democrats in the US Congress have launched a campaign to revoke America's controversial ban on internet gambling which thrust the gaming industry into disaster last year and prompted the arrest of several British executives. Barney Frank, the...
A new index has been launched by Goldman Sachs in India. Called the Goldman Sachs India Financial Conditions Index or GS India-FCI is aimed at understanding and forecasting the business cycle of India rather than only the interest rates. As per GS...
The US economic growth in most parts was modest in the early spring despite sluggish manufacturing largely due to the housing slump, while prices were generally stable, the Federal Reserve said on Wednesday in its latest survey of the national...
The top Chinese officials in their sharpest reaction on trade relations with Washington warned that the recent US complaints to the World Trade Organization over product piracy and media market barriers could harm relations on trade issues. Chinese...
Stephen Roach, the Morgan Stanley chief economist known for his pessimism on the US economy and early prediction of China's rise, will become the firm's Asia chairman, helping lead a push to manage more takeovers and stock sales in China. Roach,...
Four prominent foreign banks have just started their branch banking operation in China and medium will be domestic currency. Apparently the incident might look trivial but in reality an watershed in Chinese economy.
Citi group Inc., Britain's HSBC...
US Treasury Secretary Henry Paulson has once again reiterated that China is not moving quickly enough on currency reform, and said he hoped high-level talks next month would deliver results. Paulson in a speech in New York said, 'They're not...
The US House of Representatives has approved a bill on Friday to provide shareholders the right to cast non-binding votes on the salary of top company executives, giving investor advocates a significant triumph and confronting the Bush...
The World Bank's board on Friday deferred a final decision on the fate of bank president Paul Wolfowitz, whose role is under scrutiny after the accusations of favoritism shown to his girlfriend at the bank.
The World Bank's board of directors...
Joseph Nacchio, the aggressive chief executive who witnessed Qwest's spectacular growth as well as its near collapse into bankruptcy, was found guilty on 19 of 42 counts of illegal insider trading. A court in Denver in its verdict ruled that in...
The level of trust between the European Union and Russia has reached its lowest level since the collapse of communism, said EU Trade Commissioner Peter Mandelson in a speech prepared to be delivered on Friday. Mandelson, who has been a prominent...
Fresh Comments