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Gold slumps record $100; stocks edge up

Gold prices slumped more than $100 an ounce on Friday, the biggest fall on record in dollar terms, as traders sold to cover losses, while global stocks edged up on expectations the European Central Bank will take new measures to contain the euro zone debt crisis.

26 2011 | Viewed: 659 | News / Theme of day | Read full
HP names Whitman CEO, Apotheker out

Hewlett-Packard Co named former eBay Inc Chief Executive Meg Whitman its president and CEO, replacing the harshly criticized Leo Apotheker in a bid to restore investor confidence in the U.S. technology company.

23 2011 | Viewed: 565 | News / Review of Mass Media | Read full
Facebook Flexes for Rivals

Social Network Touts New Partnerships, Features as it Gears Up for Competition.

23 2011 | Viewed: 559 | News / Review of Mass Media | Read full
Brazil blames Fed move on fiscal inaction

Do-nothing US fiscal policy is stoking international tension over exchange rates by forcing the Federal Reserve to run super-loose monetary policy, according to Guido Mantega, Brazil's finance minister.

23 2011 | Viewed: 557 | News / Review of Mass Media | Read full
Hunting the rich

The wealthy will have to pay more tax. But there are good and bad ways to make them do so.

23 2011 | Viewed: 597 | Analytics | Read full
Chile prepares for western economic downturn

Chile, recognised as one of the best run emerging economies, is preparing contingency plans in case the eurozone defaults and the US slips back into recession.

23 2011 | Viewed: 558 | Foreign experience | Read full
President Obama Commits U.S. to Implement EITI

More than 40 Countries Join Pledge for Greater Transparency

NEW YORK, 20 September 2011 - Revenue Watch applauds President Obama's decision to apply a new standard of transparency to oil, gas and mining revenues from federal lands. Speaking today at the formal launch of the Open Government Partnership (OGP), an initiative of governments and civil society to advance open government around the world, President Obama said the U.S. would implement the Extractive Industries Transparency Initiative (EITI). More than 35 countries participate in EITI, which requires companies to publish payments made to governments in exchange for oil, gas and minerals, and governments, in turn, to publish what they receive from companies.

22 2011 | Viewed: 751 | News / Theme of day | Read full
S&P downgrades seven Italian banks

S&P has cut the long-term credit ratings of some of Italy's leading banks, including Intesa Sanpaolo and Mediobanca, in line with its downgrade this week of the country's sovereign debt.

22 2011 | Viewed: 521 | News / Theme of day | Read full
Fed launches $400bn Operation Twist

The US Federal Reserve launched "Operation Twist" on Wednesday in a bold attempt to drive down long-term interest rates and reinvigorate the faltering economy.

22 2011 | Viewed: 474 | News / Theme of day | Read full
Dont expect China to ride to the euros rescue

The expectation that China might swoop down and rescue the euro in its hour of need is running high.

22 2011 | Viewed: 543 | Analytics | Read full
Obama offers $3.6 trillion deficit plan, would up taxes

President Barack Obama laid out a $3.6 trillion plan on Monday to cut budget deficits partly by raising taxes on the rich, but Republicans rejected it as a political stunt and made clear the proposal had little chance of becoming law.

21 2011 | Viewed: 609 | Foreign experience | Read full
Soros appoints new CIO to family office

Soros Fund Management has appointed Scott Bessent, a former employee of the firm who headed its London office at the time of its famous bet against sterling, as its new chief investment officer.

21 2011 | Viewed: 499 | News / Review of Mass Media | Read full
S&P cuts Italy one notch, outlook negative

Standard and Poor's cut its unsolicited ratings on Italy by one notch, warning of a deteriorating growth outlook and damaging political uncertainty, in a move that took markets by surprise and added to pressure on the debt-stressed euro zone.

21 2011 | Viewed: 574 | News / Theme of day | Read full
Bank of China halts FX swaps with some European banks

Bank of China, a big market-maker in China's onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, three sources with direct knowledge of the matter told Reuters on Tuesday.

21 2011 | Viewed: 583 | News / Theme of day | Read full
Greece should default and abandon the euro

Greece is stuck in a vicious cycle of insolvency, low competitiveness and ever-deepening depression.

21 2011 | Viewed: 498 | News / Theme of day | Read full
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Interview with Sholpan Kozhamkulova

Sholpan Kozhamkulova
Sholpan Kozhamkulova, Ph.D., Assistant Professor, Chair, Department of Journalism and Mass Communication, KIMEP, Almaty

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