World economy
Barclays chief resigns over Libor scandal
03 Jul 2012
According to Diamond, the deliberate misrepresentation of facts had been done with the connivance of the Bank of England, in the national interest of averting a run on the bank
Negotiations behind US sanctions against Iran
03 Jul 2012
The sanctions applied thus far certainly have complicated Iran's day-to-day business operations. However, Iran is well versed in deception tactics to allow itself and its clients to evade sanctions and thus dampen the effects of the US campaign. By Stratfor Middle East analyst Reva Bhalla. Republished with permission of STRATFOR
Thousands protest as Hu swears in new Hong Kong leader
03 Jul 2012
Tens of thousands of pro-democracy protesters marched in the streets of Hong Kong, hours following the swearing in of the city’s new leader Leung Chun-ying by Chinese president, Hu Jintao
Australia launches controversial carbon tax
02 Jul 2012
The carbon pricing in Australia applies to nearly 300 of the country’s largest entities that emit more than 25,000 tonnes of greenhouse gases annually
EU summit agrees on banking union; €120-bn growth plan
30 Jun 2012
The two-day summit of the leaders of the European Union in Brussels ended yesterday with a landmark agreement on unified banking which will facilitate direct recapitalisation of struggling banks from the EU’s bailout funds
EU issues €2.3-bn bond to support Ireland
28 Jun 2012
The European Union yesterday cleared a €2.3-billion fund for Ireland by placing a benchmark 15-year bond, as part of its rescue package
France to hike minimum wage by 2 per cent
28 Jun 2012
Britain risks downward economic spiral: BoE governor
27 Jun 2012
Britain's economy has slipped into its second recession, while fears of a longer slump are holding back investments
One in five UK families in economic distress: Study
27 Jun 2012
Many UK families are looking at an uncertain future with one in five admitting they are just managing to make ends meet
Growth in global oil market slows
26 Jun 2012
Europe's troubles worsen as Cyprus seeks bailout
26 Jun 2012
Moody's downgrades Santander among 28 Spanish banks
26 Jun 2012
The downgrades of the long-term debt and deposit ratings of these banks by one to four notches follow the weakening of the Spanish government’s creditworthiness
Mohamed Mursi becomes Egypt's first elected president
25 Jun 2012
Egypt's first elected president Mohamed Mursi can select his own cabinet, but the legislative powers remain vested with the army
UN Rio+20 ends with $513 bn in pledges
25 Jun 2012
Many environmentalists criticised the conference for not spelling out specific targets to enable the world to limit the warming.
German business confidence at lowest ebb in two years: Survey
25 Jun 2012
Data shows Germany is no longer immune to the troubles impacting its neighbours and its economy may shrink in the second quarter
Swan assures support to households on carbon tax
25 Jun 2012
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