News
Moldova needs new economic development strategy - World Bank experts
The Moldova Branch of the World Bank presented at a round table the recommendations of the report Country's Economic Memorandum, which is to be examined by the World Bank management board on 9 June. Moldova needs a new economic strategy to put an end...
Moldovan fixed telephony operators report decreasing turnover
After having stagnated in 2010, the fixed telephony market saw a 13.5-per-cent decrease in the first quarter of 2011 against the same period of the year before, according to data by the National Agency for Regulation of e-Communications and Information...
Azerbaijan could say ‘no’ to Nabucco?
Azerbaijan could export its gas to European markets by routes other than the Nabucco pipeline that “offer better conditions”, head of the state energy firm Socar has said. “Anything can happen, there are a lot of projects and we can...
US Treasury agrees to sell $5.8bn worth of AIG shares
The US Treasury has agreed to sell part of its stake in American International Group (AIG), as it winds down ownership of the global insurer. The government plans to sell 200 million AIG shares at $29 (£18) each, a total of $5.8bn. It stands to...
Foxconn factory explosion in China kills two
An explosion at a Chinese factory owned by Foxconn has killed at least two people and injured 16, three of them seriously. The incident happened on a production line for Apple's iPad 2 in Chengdu in the south-western province of Sichuan, according to...
US Dollar dominance end by 2025
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Chisinau / Moldova.ORG/ -- World Bank expects the dollar to lose its hegemonic position in the global economy by 2025, but the Yuan and the euro will gain their places in the monetary system. The dominance of the dollar in international monetary system...
Sanctions are strangling us says a leading Libyan rebel
Western governments are "strangling" the rebel movement in Libya, by failing to provide funds to opponents of Colonel Muammar Gaddafi, according to a leading dissident. Dr Ali Tarhouni is head of the finance office in the interim government...
BP offers 'new proposal' to salvage deal, says Rosneft
Rosneft has said it has received "new proposals" from BP after the deadline for their Arctic deal lapsed. The Russian state oil firm said the proposals went "outside the framework" of the earlier failed deal, and meant talks on a...
Strauss-Kahn arrest: Maid 'scared but will testify'
The maid who has accused International Monetary Fund (IMF) head Dominique Strauss-Kahn of sexual assault is "scared" but will testify against him, her lawyer says. Jeffrey Shapiro says when the 32-year-old woman discovered Mr Strauss-Kahn's...
Fight for IMF top job goes global
Emerging economies are expected to battle hard for the top job at the International Monetary Fund, following the arrest of current head Dominique Strauss-Kahn, analysts say. That could pit the fast-growing markets of Asia and Latin America against Europe...
