The spurt in oil prices has hurt the global economies, with its epicenter in some African countries. Here, we are here not talking about oil-rich nations like Nigeria, but of the 13 non-oil-producing African countries, including South Africa, Ghana,...
The US sub prime mortgage market crisis has trapped all major financial investors into its snare. After the Citigroup, Goldman Sachs it is now time for Morgan Stanley to show its weakness. First time in the investment bank's 72-year history, Morgan...
Federal Reserve has been under constant fire for its handling of the sub-prime monster. Tuesday saw the bank accept its poor handling of the circumstances that led to the crisis. The bank acknowledged that lenders aggressively sold loans to buyers...
The United States of America may be regarded as the prized land with opportunities galore for the ambitious men and women but recent economic facts have thrown some critical issues out in the open that might change the mindset of the rest of the...
The improved security position in Iraq has had its effect, at least on the oil fields. The IEA (International Energy Agency) reports that the Iraqi crude outputs are running well above their pre-war numbers. The latest report puts crude production in...
In the wake of OPEC ministers coming to a decision related to increased gasoline production, the gas prices have gone up again. Consumer inflation went up steeply back in November and managed to hit a record high.
The rising gas prices hit the...
In an unprecedented move five major central banks of rich nations including the Bank of England, the US Federal Bank, European Central Bank and the central banks of Canada and Switzerland have come together to inject new money into the global economy...
The Britons have been contemplating the fact that they are loosing most of their jobs to foreign workers. If you can just imagine all those dishwashers and day laborers in Britain, it will be clear to you. With various other European countries...
When we think of America, we tend to think big. The US is always about big houses and big cars. Big muscle cars use the reign the roads back in the 60's. Now, the suburbans, Dodge Ram trucks rule the Main streets of most towns. But, the proposed...
The sub-prime loss is all set to plunge the US economy to its worst ever crisis. In a latest review conducted by the ratings agency, Moody, the Wall Street banks have suffered a combined loss of about $110 billion on bonds backed by high-risk...
The sub-prime rate crisis in the US has plunged its housing sector to an unprecedented crisis. The mortgage market difficulties is set to trigger a global effect with David Miles, the chief UK economist of Morgan Stanley warning the UK government that...
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