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News & Updates

June 14, 2012 Spanish Borrowing Costs Near 7 Percent as Concerns Mount Over Debt

Source: NY Times

PARIS — Spain’s borrowing costs soared again Thursday, nearing the crucial 7 percent level, after Moody’s Investors Service downgraded the country’s bond rating and put it on review for further cuts.

June 13, 2012 UN's largest-ever conference kicks off in Rio de Janeiro

Source: Fox News

RIO DE JANEIRO – The United Nations' largest-ever conference has kicked off in Rio de Janeiro. The Rio+20 conference on sustainable development is expected to draw some 50,000 participants including delegates, environmental...

June 13, 2012 Race to the Top for China's Toy Manufacturers

Source: CRI.cn

On June 12, a new toy safety standard came into effect in the United States of America. Although the standard was approved in December last year, it took 180 days for the standard to become federal law, thus replacing the...

June 13, 2012 London's Olympics Won't Deliver Economic Gold?

Source: Time

Sports BusinessLondon’s Olympics Won’t Deliver Economic Gold By David Futrelle | June 13, 2012 | 1 inShare.6 Log In with FacebookSharing TIME stories with friends is easier than ever. Add TIME to your Timeline. Learn...

June 13, 2012 Cardon Tax to blame for hike in electricity costs (Australia)

Source: News.com.au

The national campaign against carbon pricing intensified today with news the scheme was largely responsible for the steep rise in NSW electricity prices.

June 13, 2012 Health Care Reform and the Big 'What If?'?

Source: Fox News

Within days, the Supreme Court is expected to decide the fate of the Affordable Care Act. If the court determines that Congress acted within its constitutional powers in passing President Barack Obama's landmark health care...

June 13, 2012 JP Morgan boss Jamie Dimon to apologise for $2bn losses - text/video

Source: BBC News

JP Morgan Chase chairman and chief executive Jamie Dimon is to apologise for the bank's $2bn (£1.3bn) losses on high-risk trades. Mr Dimon is due to appear before the US Senate Banking Committee later on Wednesday.

June 13, 2012 Iran's oil exports plummet as sanctions bite, agency says

Source: Reuters

Iran's oil exports have fallen by an estimated 40 percent since the start of the year as Western sanctions tear into the country's vital oil industry, the International Energy Agency said on Wednesday.

June 13, 2012 Osborne says Greece may have to quit euro

Source: Reuters

Europe may need to sacrifice Greece's membership of its single currency bloc in order to convince Germany to put in more money to save the euro, Britain's finance minister George Osborne suggested in remarks certain to enrage...

June 13, 2012 Bailout in Spain Leaves Taxpayers Liable for the Cost

Source: CNBC/NY Times

After clinching a $125 billion bailout for Spain’s banks, Prime Minister Mariano Rajoy flew to Poland on Sunday for the Spanish team’s soccer match, declaring “this matter is now resolved.”

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