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Wednesday, 08 August 2012 14:25 |
Greece may face another downgrade by Standard & Poor’s on signs the indebted nation will need more aid from European Union lenders. The rating agency revised Greece’s CCC rating, which is already eight levels below investment grade, to negative from stable, attributing the change to Greece being too dependent on bailout loans from the EU and I... |
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Wednesday, 08 August 2012 14:03 |
An employee holds a gas pump to refill a car at a petrol station during a photo opportunity (Reuters / Lee Jae Won) South Korea, the fourth largest importer of Iranian crude, plans to resume purchases after a two-month pause due to a European Union embargo. South Korean refiners and the National Iranian Tanker Company (NITC) are negotiating the ... |
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Wednesday, 08 August 2012 13:11 |
France's central bank expects the country to slip into recession in the third quarter with many EU countries already in recession in the wake of the debt crisis. The Banque de France estimates gross domestic product will fall 0.1 percent in the third quarter, from July to Sept.
It has already predicted that GDP would fall the same amount for April... |
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Wednesday, 08 August 2012 11:53 |
London City, Egg Building A British MP has accused US regulators of “anti-British bias” after another UK based bank, Standard Chartered, was branded “rogue” for alleged money laundering. John Mann has called on Parliament to investigate the cases to protect UK banks. The Labour member of the Treasury select committee claimed the Americans are driven... |
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Monday, 06 August 2012 11:17 |
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This week is marked by the "Yukos affair". In Moscow two former Yukos shareholders Vladimir Dubov and Leonid Nevzlin are tried in absentia. They both have been living in Israel for 9 years and are not going to return to Russia where they are accused of committing a series of economic and criminal offenses.... |
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Sunday, 05 August 2012 01:28 |
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On Thursday (02nd), Russia called unilateral and unbalanced the draft resolution proposed against Syria by the Arab countries in the UN General Assembly, and added that it encourages armed opposition groups to intensify their military actions.... |
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Friday, 03 August 2012 20:29 |
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Judge refuses to allow 10 defence witnesses while lawyer claims women are being tortured with lack of food and sleep By the end of the first week of Pussy Riot's trial, everyone in the shabby Moscow courthouse was tired. Guards, armed with submachine guns, grabbed journalists and threw them out of the room at will. The judge, perched in front of a... |
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Friday, 03 August 2012 17:31 |
US athletes who won medals at the London 2012 Olympics are in for a disappointment: They will have pay taxes on their prize money. But some question if the Olympic medal should come with prize money at all.
According to the US legislation earnings made by a US citizen abroad are liable for both local tax and US tax. Most countries have a... |
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Friday, 03 August 2012 16:44 |
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Last year, Barack Obama declared the support of sexual minorities a priority of U.S. foreign policy. Now the US State Department is worried about the state of "religious freedoms " in the world. US officials did not miss a chance to criticize Russia yet again According to them, Russia oppresses Jehovah's Witnesses and Scientologists.... |
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Friday, 03 August 2012 15:43 |
AFP Photo / Warren Allott Royal Bank Of Scotland has reported a whopping loss in the first-half of 2012 of $3.08 billion. The bank has warned it faces several potential lawsuits over rate fixing allegations which could hurt its future bottom line. RBS, which is 82% owned by British taxpayers, said revenue in the period fell to $17.5 billion from... |
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