News
Japan beats deflation for the first time in two years
May 27, 2011Japan has beaten deflation for the first time in two years, as fuel imports surged following the earthquake and tsunami. Consumer prices rose by 0.6% in April, from a year earlier, according to the Statistics Bureau. However, credit ratings agency Fitch...
Libyan assets held by leading global banks
May 26, 2011Some of the biggest and best-known financial institutions in the world held billions of dollars of Libyan state funds, a leaked report has revealed. Principal among them were HSBC, Royal Bank of Scotland, Goldman Sachs, JP Morgan Chase, Nomura and Societe...
Burberry fashion brand reports 40% profit rise
May 26, 2011Strong sales of leather bags and other accessories have boosted profits at luxury fashion brand Burberry. Profits for the 12 months to the end of March were £296m, up 40% on a year ago, with revenues up 27% to £1.5bn. Burberry said its focus...
Sweden to grant Moldova 52 million euros in financial assistance
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May 26, 2011Prime Minister Vlad Filat participated in a ceremony of signing the Agreement on the Strategy for Development Cooperation for 2011-2014 between Moldova and Sweden, the government's communications and press relations department has said. The document...
Moldova needs new economic development strategy - World Bank experts
May 26, 2011The 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
May 26, 2011After 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?
May 26, 2011Azerbaijan 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
May 25, 2011The 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
May 22, 2011An 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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May 19, 2011Chisinau / 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...