Japan first annual trade deficit in more than 30 years calls into question how much longer the country can rely on exports to help finance a huge public debt without having to turn to fickle foreign investors.
The International Monetary Fund Tuesday trimmed its global growth estimates for the year to 3.3%, but warned the euro-zone debt crisis could lop roughly two percentage points off worldwide output if euro-zone leaders don't act soon.
Almaty, January 24, 2012 - BTA Bank JSC informed that from January 23, 2012 Mr. Konstantin Korishchenko has resigned from his position as a Member of the Board of Directors, Independent Director of BTA Bank JSC.
The global economy faces a depression-era collapse in demand if Europe doesn't quickly act to dramatically boost the size of its debt-crisis firewall, implement pro-growth policies and further integrate the euro zone, the head of the International Monetary Fund warned Monday.
The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran's nuclear development program.
Kazakh bid to avert strikes costly for oil firms - IEA
Kazakhstan's efforts to provide employment and avert a repeat of last year's strikes by oil workers are likely to raise costs for the national oil company and foreign firms operating there, the International Energy Agency (IEA) said on Wednesday.
Iran warned Saudi Arabia against delivering additional oil to world markets to compensate for a drop in Iranian oil exports if they are hit by sanctions, as the U.S. continued to have mixed success in convincing Iran's major oil customers to reduce their purchases of Iranian oil.
When I was a student, I remember how we were introduced to the western management concepts like KISS (Keep It Simple, Stupid) and were told that the best products and services are the ones, which are simple.
Samsung Group plans record $41 billion investment in 2012
Samsung Group, which includes Samsung Electronics Co, said on Tuesday it is raising its 2012 investment to a record $41.4 billion, underscoring the widening gulf between the dominant South Korean conglomerate and its faltering competitors.