Category : Economy

In a rather brazen statement Egyptian President Mohamed Morsi said he would protect Egypt’s water security at all costs including possible military action to blow up the dam. 16th June 2013 International Finance Magazine gives you the story on the Nile water sharing dispute, loss of forest cover due to non utilization of hydro electric...

Foreign holdings accounted for 32.6% of Indonesian local currency government bonds as of end-March, the largest among emerging East Asian economies. Malaysia followed closely with foreign holdings reaching 31.2%. MANILA, PHILIPPINES – Emerging East Asia’s local currency bond markets expanded 12.1% year-on-year to $6.7 trillion at the end of March 2013, driven by double-digit growth...

The United Nations on Friday launched on a record of $ 5.2 billion aid appeal to fund operations in Syria and neighbouring countries. International Finance Magazine reports the story for the cause of war and the U.N. aid to rehabilitate war victims. 14th June 2013 The U.N. has asked its donor countries for a $...

In a damming report, the Public Accounts Committee called on HMRC to “fully investigate” the company after it had used contrived arrangements to avoid tax on its multi billion pound revenues in the U.K. 14th June 2013 International Finance Magazine with inputs from “The Guardian” reports the story on Google’s contrived arrangements to avoid tax,...

The CBOE is the third U.S exchange to be penalised for oversight. 13th June 2013 In this article, International Finance Magazine reports the story with key inputs from “The Financial Times”. The story also explains short selling practices and recent court indictments on naked short selling and the unethical practices followed by traders to destabilize...

Oil and Gas boom in Africa. If it is Africa, numbers – like oil and gas – are not static. So Africa accounts for nearly 7% of world oil production? But if is so yesterday, if you go by the new money on the Sahara. Soon, sub-Saharan Africa could be chalking up double digits powered...

Uzbekistan pushes to reduce Energy Consumption and positioning itself to be a regional leader in energy tomorrow. Uzbekistan is scaling up an ongoing energy efficiency project, investing an additional million in the country’s industrial sector. This new loan is expected to save more than 200,000 MWhs and reduce CO2 emissions in the country by 400,000...

“The slight downgrade in the growth forecast reflects largely short-term challenges faced by a few Pacific economies,” said Xianbin Yao, Director General of ADB’s Pacific Department. MANILA, PHILIPPINES –The Asian Development Bank’s (ADB) latest Pacific Economic Monitor has trimmed the 2013 economic growth forecast for the Pacific region to 5.0% on the back of lower-than-expected government capital spending...