Friday, December 23, 2011
Many countries in sub-Saharan African are less prepared to deal with an economic shock now than they were during the 2008 food and fuel crisis and the global financial turmoil that followed, IMF chief Christine Lagarde said on Wednesday, urging developing nations to build up their economic defenses.
Moody's Investors Service said it downgraded Egypt's government bond rating from B1 to B2 on Wednesday and placed it on review for further possible downgrade, concerned by political instability and economic woes.
Saturday, November 26, 2011
Zimbabwe's finance minister said Thursday he will plow US$600 million in new revenue from diamonds into the nation's ailing health, water and power services.
Saturday, October 22, 2011
It will still be several months before Libya can export as much oil as it did before it descended into civil war earlier this year. But the killing of Moammar Gadhafi reduces the chance that violence will get in the way as Libya cranks up production again.
Tuesday, October 18, 2011
Syria and the international economic crisis will be high on the agenda Tuesday of a summit between IBSA countries, major emerging economies India, Brazil and South Africa.
British pension reforms due to be phased in from 2012 could boost retirement savings by as much as 12.5 billion pounds (US$19.7 billion) a year, according to research by insurer Standard Life.
Friday, October 7, 2011
Countless lives have been saved by the ongoing famine relief efforts in the Horn of Africa, the head of the U.S. Agency for International Development (USAID) said Wednesday.
The International Committee of the Red Cross (ICRC) has crossed the frontline into Moammar Gadhafi's hometown to deliver baby milk, diapers and other humanitarian aid.
Tuesday, September 27, 2011
Zimbabwe has rejected Standard Chartered Bank's offer to cede 10 percent of its shares to indigenous people under a new law requiring foreign firms to sell majority stakes, a state daily reported Monday.
Sunday, September 11, 2011
The International Monetary Fund said Saturday it now recognizes the transitional government in Libya, paving the way for the administration to benefit from IMF financial help.