The new US administration does not seem to be having any different approach to the Iran issue. Within months of taking charge, the Obama administration has also concluded that, Iran continues to be the leading terrorism sponsor in the world.
It says that Iran is sponsoring terrorism in Middle East and also in Afghanistan that is [...]
Exxon Mobil, the world’s largest private oil company, has reported a sharp 58% drop in the first quarter profits, due to the sharp drop in the crude oil prices. The crude oil prices were at a record high of 120 plus dollars last year this time, and now they are below the 50 dollars mark.
The [...]
There are two major revenue streams for Mexico. The first one is the exports to US which has been very badly hit in the last one year due to US economic recession. Mexico has seen a sharp rise in unemployment due to crashing exports to US.
The second major source of revenue for Mexico is from [...]
North Korea is upset with the UN security council resolution condemning it. The UN security council had condemned the rocket launch by North Korea few weeks back, and asked it to refrain from doing it again.
Last week, North Korea protested the UN resolution and started nuclear fuel reprocessing right earnest.
Now, it is going one more [...]
The global stock markets crashed today due to reports of weak financial status of the top US banks , namely, Citi Group and Bank of America. Reports say that these two banks need massive new capital infusion in the coming months in order to stay healthy.
This has not been welcomed by the market well. Also [...]
The revolutionary US President Barack Obama is set to face the critical review of his first 100 days in office. He is most likely to be rated reasonably high for his handling of economic crisis for the time being. But there is hardly any room for complacency. He is most likely to [...]
While the entire world is reeling under pressure and more and more companies are cutting down their dividend payments, IBM has increased the quarterly dividend payment by 10% to 55 cents a share.
It is also planning to repurchase nearly three billion dollars worth of shares, which could boost future earnings.
The repurchase will also help the [...]
The deadly Swine flu which has already killed over 150 people in Mexico is fast spreading it’s wings across the nearby countries. US CDC has said today that there could be more Swine flu cases, hospitalizations and deaths in the coming weeks.
He has asked for businesses and hospitals to gear up for handling the crisis [...]
Year 2008 has not only hit the poor people and the middle class, it has also hit the UK billionaires badly.
In 2007 there were 75 billionaires in UK which has crashed to just 43 by the end of 2008.
That means 32 erstwhile billionaires have seen part of their fortunes vanishing and they got downgraded to [...]
IMF is likely to resort to issuing bonds for the first time in the 64 year history of the international institution.
IMF wants to issue the bonds to developing countries like China and Brazil to support the funding needs of other weak countries in the world.
Even countries like South Korea and many of the European Countries [...]
