Economy contracts in March quarter
The Jamaican economy is estimated to have contracted by up to 1.2 per cent during the January to March quarter, the Bank of Jamaica (BOJ) has reported.It was the fourth consecutive quarter of negative growth and has resulted in...Read more...
JB delivers State of the Nation Address: ‘Malawi economy on road to recovery’
President Dr Joyce Banda, announced on Friday in Parliament that Malawi’s economic growth would increase by 6.1% in 2014 with inflation projected to decrease by 14% by the end of the year. Further strong indicators of economic...Read more...
Sri Lanka hype runs out as economy struggles
By Amal Jayasinghe AFP: After crushing Tamil rebels four years ago Sri Lanka expected to become South Asia’s tiger economy, but exuberance has given way to mediocre growth and fears of more trouble ahead. The country was almost...Read more...
Troika releases upbeat report on Greece
FXstreet.com (Barcelona) - The European Commission and the International Monetary Fund released a report on Friday, in which they assure that Greece's austerity efforts are bringing fruit and that the country's economy should...Read more...
IMF Says Low Inflation in Uganda Spurs Business Confidence
New Vision]Kampala -Uganda's low inflation and signs the economy is gaining momentum are boosting business confidence, and growth could reach 6-7 percent in the medium term despite the loss of foreign aid, the IMF said on...Read more...
View from the South: Big money laundering trial
It’s being called the biggest money laundering trials in Swiss history—some 660 million francs—allegedly involving a former International Monetary Fund official. On today’s View from the South we head to Bellinzona where the...Read more...
Iraqi private bankers hold Ministry of Finance, CBI responsible for IQD decline; Banks and...
Download bankers and economies, on Wednesday, the Ministry of Finance and Central Bank of Iraq responsible for the decline and the reality of private banks, local, while accusing the latter encouragement of Arab Banks and Iran...Read more...
The IMF's point-man for Asia
May 18, 2013 12:41 AM SIXTEEN years after the Asian financial crisis of 1997/98, the International Monetary Fund (IMF) - the world's watchdog of economic health and financial stability - is testing the waters in Asia.Read more...
Cluttons in Bahrain Seef Corner reaches 100 occupancy within three months of its marketing campaign
Cluttons, the real estate specialist which has enjoyed a dedicated Middle Eastern presence since 1976, confirms the end of the leasing campaign for Seef Corner, with 100% occupancy achieved in three months. The final two...Read more...
Ten Economic Pitfalls to Fossil Fuels
Garvin Jabusch examines the potential risks of society's over reliance on fossil fuels. Securities of fossil fuels firms, as an economic sector, may soon be on the decline. Predictions as to when oil, gas and coal will become a...Read more...
INVESTMENT FOCUS-Top four central banks may change the tune
LONDON May 17 (Reuters) - The world's major central banks may be shifting their tone subtly from "whatever it takes" to "we can only do so much". Financial markets supercharged this year by the extraordinary monetary stimuli of...Read more...
Current account posts $1.418bn deficit in 10 months
KARACHI: Pakistan’s current account stayed in red in the first ten months of the current fiscal year due to hefty foreign exchange outflows for debt repayments to the International Monetary Fund (IMF), says data released by the...Read more...
IMF Gives Qualified Backing to Belgium Government's Fiscal Plans
By Laurence Norman BRUSSELS--The International Monetary Fund gave qualified backing Friday to the Belgium government's fiscal plans in its latest Article 4 review of the economy, with most directors saying the pace of...Read more...
AP PHOTOS Cubas LGBT community celebrates
Tampa Bay Online - Friday 17th May, 2013 HAVANA (AP) -- A week of drag shows, colorful marches and social and cultural events in Havana culminates Friday with celebrations of the International Day Against ... Turks and Caicos...Read more...
IMF says Cyprus at risk of even deeper recession
WASHINGTON (AP) — The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default.Read more...
Daily Telegraph's Warner: IMF Report Shows Spain Is Insolvent
Spain is officially insolvent. Just look at the International Monetary Fund (IMF)'s latest Fiscal Monitor, says U.K. Daily Telegraph columnist Jeremy Warner. His advice: Get your money out now. "I don't advise getting your...Read more...
Serbia’s January-April Budget Gap Hits 62% of Full-Year Target
Serbia’s budget gap reached 62.3 percent of the full-year target in the four months through April as social-benefit payments doubled and payments of interest rates on past debt more than tripled. The central government’s...Read more...
South Africa's Economic Fault Lines
Introduction Nearly two decades after the collapse of apartheid, South Africa is a pluralistic democracy with a robust free press, an independent judiciary, and a commitment to the rule of law. The country's mixed economy is...Read more...
Caretakers nursing bleeding economy to help Nawaz manage budget
With the newly-elected government of PML-N chief Nawaz Sharif set to takeover the reigns in around a fortnight’s time, the caretaker regime is hectically involved in nursing the bleeding economy to facilitate the process of...Read more...
AUDI AG : Audi gewinnt beim Deutschen Preis für Onlinekommunikation
Ladies and gentlemen. One thing is clear: In economic terms, 2013 will be more challenging than last year. The International Monetary Fund foresees negative growth of 0.3 percent for the euro zone this year. Worldwide, the IMF...Read more...
ALBA Countries Define in Cuba Its Social Agenda
Burmese Python caught in Puerto Rico river San Diego Union-Tribune - Friday 17th May, 2013 SAN JUAN, Puerto Rico -; Authorities in Puerto Rico have caught a 12-foot (3.6-meter) Burmese Python that they had been trying to find...Read more...
IMF predicts a deep recession in Cyprus in 2013, 2014
The International Monetary Fund (IMF) says substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default. In a report issued on Friday, the IMF...Read more...
IMF says Cyprus at risk of even deeper recession
Sheriff: NASCAR legend Dick Trickle calls 911, commits suicide in cemetery Sheriff: NASCAR legend Dick Trickle calls 911, commits suicide in cemetery An investigation is underway after deputies in Lincoln County say a NASCAR...Read more...
Business news and markets: as it happened – Friday, May 17
A worker lifts a box at Amazon’s fulfilment centre in Dunfermline. Photo: Reuters • ECB policymaker: Germany risks becoming ‘sick man of Europe’• Morrisons announces Ocado [...] The post Business news and markets: as it...Read more...
Georgia to host meeting of finance ministers of IMF, WB Dutch group member-states
From May 30 to June 1, the capital of Georgia will host a meeting of finance ministers and heads of state-owned banks of member countries of the Dutch group under the International Monetary Fund (IMF) and World Bank (WB), of...Read more...
Could Cyprus Solution Happen to You?
When Cyprus went bankrupt, the European Union and the International Monetary Fund required the nation to forcefully confiscate part of the deposits of unsecured depositor’s money. Bank accounts over €100,000 were raided to help...Read more...
Malawi worried with stabilising kwacha currency
LILONGWE (Inocent Helema, Nation) -The Malawi Government has said it is concerned with how to stabilise the kwacha and has since described it as the most pressing and challenging policy so far. In a letter of intent attached...Read more...
Mexico cuts growth outlet from 3.5 to 3.1 percent
MEXICO CITY (AP) — The Mexican government says it has cut its economic growth forecast for 2013 from 3.5 percent to 3.1 after exports stagnated and first-quarter GDP figures came in weak. Mexico cuts growth outlet from 3.5 to...Read more...
Top officials call to overhaul euro institutions
By JUERGEN BAETZ Associated Press Petros Giannakouris, File - AP Photo FILE - In this Thursday, March 28, 2013 file photo, people wait outside a branch of Laiki Bank in Nicosia. Engineering a financial bailout for Cyprus in...Read more...
Christian Aid Week: Malawi's painful road to realising potential
Once labelled the bread basket of southern Africa, Malawi was the continent's agricultural success story. But today, people are queueing for food in a country that's carpeted with cornfields. To mark Christian Aid Week Mary...Read more...
