International Economics

On Sunday Japan will cut its corporate tax rate, making America’s the highest in the world

March 30, 2012

“President Obama has proposed a rate of 28 percent, but Republicans charge that it comes with $350 billion in new, off-setting taxes. The GOP is pushing for a cut to 25 percent, but the election year is getting in the way of any deal.”

Read the full article →

Libya’s oil and gasoline contracts uncertain for months

March 29, 2012

“Uncertainty about oil and gas companies’ contracts with Libya, soon to be scrutinized and potentially revised, will persist until new leaders take power after June elections, delaying the industry’s return to normal in the post-Gaddafi era.”

Read the full article →

FLASHBACK (April 2011): Saudi Arabia cuts oil output, showing OPEC will not act to lower gas prices

March 29, 2012

“Oil Ministers from Kuwait and the United Arab Emirates echoed Saudi Arabia’s Ali al-Naimi’s concerns about oversupply and said rocketing crude prices were out of the hands of OPEC.”

Read the full article →

Saudi Arabia claims it will act to lower gas prices

March 29, 2012

“The bottom line is that Saudi Arabia would like to see a lower price. It would like to see a fair and reasonable price that will not hurt the global economic recovery, especially in emerging and developing countries.”

Read the full article →

Columbian Economist running for President of the World Bank calls for greater role for emerging economies

March 29, 2012

“”With the rise of the emerging economies it makes sense that a candidate from a developing country leads this institution,” said José Antonio Ocampo, a 59-year old Colombian economist and one of three nominees for the World Bank presidency.”

Read the full article →

Saudi Arabia attempts to ‘calm’ the global oil market

March 19, 2012

“Saudi Arabia is taking steps to cool the overheating global energy market, boosting its exports to the US and re-opening old oilfields to expand production, as the world’s largest oil producer tries to prevent damage to the global economic recovery.”

Read the full article →

Sweden moving towards a ‘cashless’ economy

March 19, 2012

“Bills and coins represent only 3 percent of Sweden’s economy, compared to an average of 9 percent in the eurozone and 7 percent in the U.S., according to the Bank for International Settlements.”

Read the full article →

Germany Trade & Invest Agency: China was the top investor in Germany in 2011

March 16, 2012

“China invested in 158 projects, while the US invested in 110, Switzerland in 91 and France in 53, GTAI said in a statement.”

Read the full article →

Analyst: Spain has ‘worse problems’ than Greece

March 13, 2012

“Spain’s eye-wateringly high unemployment and the collapse of its real estate market mean that Spain has significantly worse problems than Greece and could threaten the euro zone’s new-found, albeit fragile stability, an analyst told CNBC.com Tuesday.”

Read the full article →

China ‘increasingly frustrated’ with Venezuelan President Chavez and a perceived lack of return on its oil investments

March 13, 2012

“Already this year, PDVSA has announced that Citic Group Corp., China’s largest state-owned investment company, will acquire a 10 percent stake in the Petropiar heavy-crude project held with PDVSA and U.S.-based Chevron Corp.”

Read the full article →

The European Union agrees to a new 130 billion Euro bailout for Greece

February 21, 2012

“Euro zone finance ministers agreed a 130-billion-euro ($172 billion) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses.”

Read the full article →

Iran halts crude oil exports to British and French companies in a retaliatory measure against new European Union sanctions against Iran

February 20, 2012

“The European Union in January decided to stop importing crude from Iran from July 1 over its disputed nuclear program, which the West says is aimed at building bombs. Iran denies this.”

Read the full article →

Joint Organizations Data Initiative: Saudi Arabia cut its oil production and exports in December 2011

February 20, 2012

“The world’s top oil exporter, Saudi Arabia, appears to have cut both its oil production and export in December, according to the latest update by the Joint Organizations Data Initiative (JODI), an official source of oil production, consumption and export data. The OPEC heavyweight saw production decline by 237,000 barrels per day (bpd) from three-decade highs of 10.047 million bpd in November, the JODI data showed on Sunday.”

Read the full article →

Greek Cabinet approves a draft bill complying with reforms for a European Union and International Monetary Fund bailout

February 18, 2012

“The Greek cabinet approved a draft bill spelling out reforms required by the EU and the IMF on Friday, taking Athens closer to getting a new 130 billion-euro bailout after the prime minister warned the alternative was “catastrophe.”"

Read the full article →

Moody’s downgrades the sovereign debt credit rating of 9 European countries: Austria, France, Italy, Malta, Portugal, Slovakia, Slovenia, Spain, and the United Kingdom

February 13, 2012

- Austria: outlook on Aaa rating changed to negative
- France: outlook on Aaa rating changed to negative
- Italy: downgraded to A3 from A2, negative outlook
- Malta: downgraded to A3 from A2, negative outlook
- Portugal: downgraded to Ba3 from Ba2, negative outlook
- Slovakia: downgraded to A2 from A1, negative outlook
- Slovenia: downgraded to A2 from A1, negative outlook
- Spain: downgraded to A3 from A1, negative outlook

Read the full article →
Page 20 of 37« First...10...1819202122...30...Last »