Global Business News

May 10, 2014
Banks Cautious deadline approaches

Banks cautious as they keep US$ as Aug 2 deadline approaches

In light of the August 2 deadline of raising the United States debt ceiling, banks are holding cash in US dollars and it is considered to […]
August 25, 2011
Japans debt rating downgraded Moody

Japan’s debt rating downgraded by Moody

After the downgrade of the credit rating of the United States, another major economic superpower is seen to be following suits as Japan is the next […]
August 24, 2011
Head Standard Poor stepping down analysts said helped door

Head of Standard & Poor stepping down, analysts said he is ‘helped to the door’

Devan Sharma, the president of Standard & Poor is reportedly resigning. This came in the wake of the recent move by S&P to strip the United […]
August 24, 2011

Hong Kong inflation rockets to 7.9%, a 16-year high

In the latest regional reports, the inflation rate in Hong Kong has hit a 16 year high in July. This situation is expected to continue and […]
August 23, 2011

Greece calls on EU to implement bailout deal

Greece is calling on the EU (European Union) to consider extending the country with a €109 billion bailout as well as to implement the rescue fund […]
August 23, 2011

BlueScope Steel Australia posts $1.1 billion loss, closes 2 plants, 1,000 jobs cut

BlueScope Steel Ltd, the largest steel maker of Australia had announced that they will be closing 2 of their production facilities in the country which will […]