News
Greece: Papandreou picks Venizelos as finance minister
June 17, 2011Greek Prime Minister George Papandreou has replaced his finance minister in a bid to push through unpopular austerity measures demanded by the EU. Evangelos Venizelos has been promoted to the finance ministry and tasked with tackling a crippling debt...
U.S. Secretary of State Hillary Clinton: African businesswomen need more access to credit
June 16, 2011As African economies work to attract more outside investment and expand cross-border trade, US Secretary of State Hillary Clinton said there should be more of an effort to help the continent's businesswomen. “No country can thrive when half its...
China's property rating downgraded on tightening credit
June 15, 2011Rating agency Standard & Poor's has downgraded its outlook for China's property market from stable to negative due to the country's tightening credit policy. The agency said as credit becomes more restricted there was a possibility of a downturn...
Gaza unemployment levels 'among worst in world'
June 14, 2011Gaza's unemployment rate was among the world's highest, at 45.2% in late 2010, the UN has found, as Israel's blockade of the territory enters its fifth year. Real wages meanwhile fell by more than a third, the UN Relief and Works Agency for Palestine...
Christine Lagarde and Agustin Carstens seek IMF support
June 10, 2011Leading candidates to become head of the International Monetary Fund (IMF) are trying to drum up support ahead of the deadline for nominations later. French Finance Minister Christine Lagarde, favourite for the job, is in Portugal while Mexico's Central...
Russia and Norway agree deal over oil-rich Barents Sea
June 08, 2011Russia and Norway have agreed a deal to divide up their shares of the Barents Sea. The deal follows decades of negotiations between the two sides over how to divide the region. The accord will allow companies to explore for oil and gas in the 68,00...
Chisinau to host “Moldova and Energy Community” conference
June 06, 2011An international conference themed “Moldova and the Energy Community” will take place in Chisinau on June 9. This is the first large-scale event of the Moldovan presidency of the Energy Community Treaty (ECT), Info-Prim Neo reports. In a...
Chisinau discusses reorganization of Moldovagaz with Gazprom
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June 06, 2011The talks with Gazprom over the new agreement on the supply of gas to Moldova will start in the near future. The nominal composition of the working group that will negotiate the agreement is being decided. The present agreement expires at the end of this...
Facebook rejects NY man's claim of half-ownership
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June 03, 2011Facebook founder Mark Zuckerberg has said that an alleged contract and e-mails that a New York man claims entitle him to a 50% stake in the social networking site are "forgeries". Paul Ceglia says that Mr Zuckerberg signed a contract in 20...
Groupon share offer to raise up to $750m
June 03, 2011Daily discount website Groupon is seeking to raise up to $750m (£460m) in an initial public offering (IPO). It is the latest move by an internet company seeking to cash in on investor appetite for social media firms. Last month, business networking...