Latest International Business News
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Rob Ford keeps low profile amid crack video ‘sideshow’
Toronto Mayor Rob Ford attends the flag-raising ceremony marking the start of Pride Week, the day after substance allegations against him were reported by the Toronto Star. Toronto May 17 2013. (Fernando Morales/The Globe and ...
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The importance of country risk for mining investment
Jurisdiction risk continues to grow as a result of countries attempting to capitalize on higher commodity prices says Thibaut Lepouttre, editor of Belgium's Caesars Report. A Gold Report ...
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Indian industry bodies term SP downgrade threat unfortunate harsh
Business India News: Indian industry bodies have termed the global agency's affirming its negative outlook on the country as unfortunate and harsh, expressing surprise over Standard & Poor's threat to downgrade India's credit rating. Standard & Poor's (S&P) has warned that it may downgrade India's sovereign rating to junk grade if the government fails to ...
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Eurozone crisis live Global markets hit five-year high
climbed to levels not seen since the start of the financial crisis over five and a half-years ago. Investors are increasingly cheered by signs that the global economy is recovering. The Japanese Cabinet office helped this latest outbreak of bullishness by predicting overnight that the Japanese economy is picking up slowly. In its new monthly report, it ...
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Half of worlds companies to embrace BYOD by 2017
Computerworld - About half of the world's companies will adopt bring-your-own-device programs by 2017 and will stop providing computing devices to employees, a new Gartner report predicts. Ultimately, only 15% of companies will never move to a BYOD model, while about 40% will offer a choice between BYOD and employer-provided devices, according to the report, by Gartner analyst David ...
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Exclusive survey Small business isnt feeling recovery
Small business owners say they're not yet feeling the effects of an improving economy, and most aren't rushing to hire, or seeking funds to invest in their ...
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DealBook JPMorgan Chase Vote Tests Stockholders’ Power
JPMorgan Chase take the stage in Tampa, Fla., on Tuesday, to face shareholders who can take comfort in a rising stock price and a prospering bank. But those same shareholders may also deliver a humbling rebuff to Mr. Dimon and the bank's board. If shareholders vote to separate the jobs of chairman and chief executive -- positions that Mr. Dimon has held since 2006 -- it would signal a ...
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Move to promote honey industry of Northeast India
India will mandate that all firms offering internet telephony, including popular online phone service provider Skype owned by software giant Microsoft, must set up a server in the country if they want to continue offering this facility ...
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Rwanda Kagames Address At Said Business School Oxford University May 18 2013
President Paul Kagame on Saturday was in the UK, where he addressed the Rwanda Day 2013. Earlier in the day, he attended the Fifth Annual Oxford Africa Business Conference at Said Business School. There, he became the inaugural recipient of the Distinction of Honour for African Growth Award, for presiding over Rwanda's rebirth. Below is the speech the President delivered at the varsity: ...
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Tsunami forces Maldives election delay set to hit economy hard
The killer tsunami that battered the Maldives has forced the postponement of parliamentary elections, the government said Tuesday, warning the atoll island nation's tourist-based economy would be hit hard by the disaster.Chief government spokesperson Ahmed Shaheed said the economic damage to the atoll island nation was estimated at more than 1.3 billion dollars, or twice the tiny Indian ...
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Goway Launches Worlds Best Adventures Brochure
Goway Travel's exclusive adventure specialist division of ADVENTURESIncorporated, has announced the online launch of its 2012 World's Best Adventures brochure. The brochure contains over 50 of the world's best adventures and covers every style of adventure travel. Goway's most popular choices from Africa, Asia and Latin America are included. The adventures are as diverse as ...
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SITA World Tours Introduces Affordable India
SITA World Tours, a recognized leader in international travel for more than seven decades, has announced the introduction of Affordable India, an exciting, new tour product line designed to attract a growing budget oriented segment of the travel market. According to Hardeep Sidhu, SITA's Product Manager for India, the new collection of India itineraries is the result of an increased ...
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Finance minister says Jerusalem will always be Israeli capital
Jerusalem will always be the capital of Israel, never the capital of a future Palestinian state, Israeli Finance Minister Yair Lapid said. "Jerusalem is not a place, Jerusalem is an idea. Jerusalem is the capital of the Israeli state," Lapid said in an interview with The New York Times. An interim Palestinian state should be created in the West Bank, with final borders drawn up in ...
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Aviva sets out plans for European business
Aviva is set to transform its European business by taking full advantage of the growth opportunities presented in the area, and will be integrating its businesses across Europe. In a review of its current presence in Europe, Aviva recognised that the European market offers strong growth potential, with the region’s personal financial assets standing at €40trn, and an ...
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IOPS AGM sees strengthening measures for global oversight
The International Organisation of Pension Supervisors (IOPS) has approved a series of guidelines and reports which are designed to strengthen the supervisory oversight of global pension systems, and to protect vulnerable fund members and retirees. At its 2009 Annual General Meeting, IOPS agreed to these measures in relation to the recent challenging and volatile economic conditions. ...
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EC’s OTC Derivatives consultation met largely with praise from industry
The Investment Management Association (IMA) has welcomed the European Commission’s consultation of OTC Derivatives, which aims to improve market infrastructure and to ensure an efficient, safe and robust derivatives market. The IMA particularly welcomes the consultation, which also seeks to improve this market following the credit crisis and Lehman administration, in its claim the ...
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PRI removes five companies from signatory list and pledges to step up transparency
The UN-backed Principles for Responsible Investment Initiative (PRI) has delisted five financial institutions from its signatories for failing to participate in its annual Reporting and Assessment process. Participation is mandatory for asset owner and investment manager signatories, although organisations new to the initiative are granted a grace year to allow them to observe and decide ...
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Greek economy in dire need of reforms
Greece is in need of radical reforms to its pension system if it is to cease being a burden on longer-term fiscal sustainability, and to prevent a rise in pension costs that would otherwise see these accounting for more than 20 per cent of GDP by 2050, warns the Organisation for Economic Co-operation and Development (OECD). In ...
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BUAV answers to Mauritius campaign reporting
The UK activist group BUAV, which is running a campaign against alleged mistreatment of monkeys by Mauritian breeders, threatens afrol News with "legal consequences" over its reporting of the ...
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China snatches 18 swimming golds to spearhead Military World Games
Chinese swimmers maintained their momentum in swimming at the Military World Games on Wednesday, grabbing four more gold medals and obtaining 18 in total out of 36 available in the pool. After four days' competition at the Military World Games, which is set to close on July 24, Chinese military athletes altogether collected 18 golds from swimming and piled up 22 gold, leading the medals ...
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Six Chinese sailors to attend Clipper Round World sailing race
Six Chinese amateur sailors will embark on the yacht named Qingdao to attend the 2011-2012 Clipper Round the World Yacht Race, local sports administration said Wednesday. The six sailors, who are manager, journalist, college student and private entrepreneurs, took training for several months in Qingdao city and two-week training in England, said Lin Zhiwei, head of local sports general ...
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Ghana slips in FIFA world rankings
Ghana dropped further three places in the latest FIFA world ranking, the Ghana Football Association (GFA) announced here on Wednesday. A statement on the website of the country's footbal association said Ghana had slipped three places to 36th position in the world ranking from the previous 33rd position it was ranked in last month, on the world stage, while ranking 3rd on the continent ...
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Australian Karl Muggeridge to replace injured Xaus at World Superbike in UK
Australian motorcycle racer Karl Muggeridge will replace Ruben Xaus at the World Superbike races in Britain, as Xaus suffered from injuries due to a crash, Fox Sports Australia reported on Wednesday. Earlier, Castrol Honda team had fielded Alex Lowes after Jonny Rea was sidelined by injury, but the team has to pull in a second substitute after their second rider, Xaus suffered a horrible crash. ...
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Business The big losers in Safaricoms Sh12b dividend payout
dividend s in the initial years -- after a 532 per cent oversubscription saw people get fewer shares than anticipated -- saw many first-time investors sell their shares at levels below the IPO price and swear off the stock market. A look at the firm's share register between 2009 and 2012 shows a 20 per cent decline in the number of shareholders, from 860,000 to 720,000 by March 2012. ...
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World stocks rise on signs of steady US recovery
A man under an umbrella walks past an electronic stock board of a securities firm in Tokyo Monday, May 20, 2013. Japan's Nikkei 225 index jumped 1.4 percent to 15,352.84 as evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday. (AP Photo/Koji ...
South America Featured
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Shipping Wars: Uruguay and Argentina face off over rival port expansion plans
Argentina and Uruguay both want to be the shipping hubs of South America, or southern South America at least, and both are planning to considerably expand their port infrastructure in Buenos Aires and Montevideo respectively, which is leading to considerable diplomatic strain.
Argentina is a regional power in South America, the country is considered one of the more developed nations on the continent on-par with Uruguay (on paper at least, with a similar per capita income and Human Development Index rating) although the country occupies a majority of the continent with Brazil and presides over a massive coastline. Read more
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