USA
US jobless rate hits highest level since 1983
November 06, 2009By Jim Randle The U.S. unemployment rate rose sharply in October, hitting 10.2 percent, the highest level since 1983. Friday's report from the Labor Department says U.S. employers cut fewer workers in October than the prior month, but the overall...
G-20 Ministers Promise to Preserve Economic Recovery
September 06, 2009Finance ministers from both rich and developing countries are promising they will not let a global fragile economic recovery collapse. The ministers from the Group of 20 nations, known as the G-20, concluded a critical meeting in London Saturday, agreeing...
August 08, 2009
U.S. Economy: Stable Housing Seen as Key to RecoveryBy Mil Arcega Economists agree the worst recession in decades was the result of the housing crisis. Using that logic, many believe the end of the housing crisis could also signal the start of an economic recovery. With the housing market starting to...
China, EU Wait In The Wings For Access To Central Asia
August 03, 2009By Bruce Pannier Although Russia and the United States are most often mentioned as the contestants of the "new Great Game" that began after the fall of the Soviet Union, other players have also entered the arena. Central Asia, possessing...
Job Losses Weigh on US Consumers; Concerns Mount in Britain
July 24, 2009Many Americans appear to be too worried about earning money and keeping their jobs to feel good about the world's largest economy. A widely watched index of U.S. consumer sentiment, the Reuters/University of Michigan Surveys of Consumers, declined in...
- U.S. Congressman Ron Paul: The Fed Must Be Stopped
July 09, 2009By Ron Paul Our country currently finds itself in the midst of the worst economic crisis since the 1930s and, as during all economic crises, people search for the answer as to why this has happened. Not only have large financial firms been affected...
Azerbaijan-Russia Gas Agreement: a Wakeup Call to EU and US
July 02, 2009By Vladimir Socor Meeting in Baku on June 29, Azerbaijan's President Ilham Aliyev and his Russian counterpart Dmitry Medvedev witnessed the signing of an agreement on Azerbaijani gas deliveries to Russia. The initial volumes are small, but the agreement...
Mortgage Rates Drop for Second Straight Week in U.S.
June 30, 2009Rates Fall Further on Monday, According to Zillow(R) Mortgage Rate Monitor. The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 5.48 percent, down from 5.58 percent the week...
FinComBank Receives a Loan from the American OPIC
June 19, 2009Horizon Capital, a private equity manager focused on mid-cap investments in Ukraine, Moldova and the region, announced today that FinComBank, a portfolio company, received a loan from the U.S. Overseas Private Investment Corporation (OPIC). The loan...
Gazprom and Western Companies Compete in Iran
June 03, 2009By Vladimir Socor On May 24 in Tehran, Iran's President Mahmoud Ahmadinejad and his counterpart in Pakistan Asif Ali Zardari signed an intergovernmental framework declaration on gas pipeline construction and gas deliveries from Iran to Pakistan. The...