Archives
A New American Oil Bonanza
August 29th, 2014
The United States now accounts for 10% of the world’s oil production. As it sharply curtails imports from countries like Angola and Nigeria, those producers are then compelled to sell their oil to China and other Asian markets at ...
Bulgaria may let Corpbank depositors get partial access to accounts
August 29th, 2014
Depositors at Bulgaria’s Corporate Commercial Bank (Corpbank) 6C9.BB may get partial access to their funds at the troubled bank in September, Interim Finance Minister Rumen Porozhanov said on Friday. “We debated issues of partial access to deposits as of ...
FCA bans and fines former Burlington director
August 29th, 2014
The Financial Conduct Authority (FCA) has fined Craig Cameron £350,000 and banned him from any involvement in FCA authorised firms, after it found that he lacked honesty and integrity in relation to the promotion of three unregulated collective investment ...
A Chinese E-Commerce Company Is Born and enters competition with Alibaba
August 29th, 2014
Dalian Wanda Group, the Chinese real estate, cinema and retail conglomerate controlled by the billionaire Wang Jianlin, announced on Friday that it would enter the e-commerce industry in an $800 million partnership with Baidu and Tencent, two of China’s ...
Nation of Privilege Versus Rule of Law
August 29th, 2014
These days, the word “privilege” has been reduced to a trite buzzword. That’s a shame, because it used to mean more than just being born into advantageous circumstances. The word, which means “private law” in old French, originally referred ...
IMF: Grenada’s Fiscal Consolidation On Track
August 29th, 2014
The International Monetary Fund (IMF) has said that Grenada has made a strong start in implementing its IMF-backed fiscal consolidation program. The IMF approved in June 2014 a three-year USD21.6m arrangement for Grenada to support the territory’s efforts to ...
Shell Submits a Plan for New Exploration of Alaskan Arctic Oil
August 29th, 2014
Royal Dutch Shell submitted a plan to the federal government on Thursday to try once again to explore for oil in the Alaskan Arctic, following years of legal and logistical setbacks as well as dogged opposition from environmentalists. Over ...
HSBC, Nomura Lose Bid to Block U.S. Regulator Lawsuits
August 29th, 2014
HSBC Holdings Plc (HSBA) and Nomura Holdings Inc. (8604) lost a bid to block claims by a U.S. regulator the banks say were brought too late, clearing the way for a trial of HSBC over questionable mortgage practices. U.S. ...
Japan household spending slumps, output flat as tax pain persists
August 29th, 2014
Japanese household spending fell much more than expected and factory output remained weak in July after plunging in June, government data showed, suggesting that soft exports and a sales tax hike in April may drag on the economy longer ...
‘Crop tourists’ predict record corn and soyabean harvests
August 29th, 2014
Every August, travellers with a high tolerance for monotony flock to the two-lane highways of the rural US Midwest. Tracing 1,000-mile routes across corn and soyabean fields, these participants in annual “crop tours” stop to measure ears, count bean ...
