Latest International Business News
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Sacramento gains 200 new jobs in mortgage industry
Sacramento is getting 200 new jobs in the mortgage industry, sopping up some of the talent left over from the housing crash.PennyMac Loan Services of Moorpark, in Ventura County, has already hired 40 workers and will ramp up to a total of 200 jobs eventually, the company said Tuesday. Its decision to come to the region was announced by SACTO, the Sacramento Area Commerce and Trade ...
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George Osborne to outline plan for RBS Lloyds
The fate of Britain's two state-controlled banks will become clearer today, with the country’s finance minister George Osborne likely to start the clock ticking for the sale of the government's stakes. Britain's previous government pumped £66bn of public money into Royal Bank of Scotland and Lloyds Banking Group in 2008 to save them from collapse at the height of the ...
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Brazils mining royalty increase will hurt companies - Vale CEO
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Socceroos celebrate World Cup qualifier win
Australia's national football team, the Socceroos, have celebrated booking their ticket in next year's World Cup in Brazil after a triumph against Iraq in Sydney on Tuesday night.Players were cheered at a public reception at Customs House, Circular Quay in Sydney Wednesday, signing autographs and posing for photos.The goal that secured the Aussies' 1-0 win was kicked in the dying ...
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Worlds poorest will feel brunt of climate change warns World Bank
World Bank has warned.Droughts, floods, heatwaves, sea-level rises and fiercer storms are likely to accompany increasing global warming and will cause severe hardship in areas that are already poor or were gradually emerging from poverty, the bank said in a major new report.Food shortages will be among the first consequences within as little as two decades, along with damages to cities from ...
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If you want to change the world you have to get your hands dirty | Nafeez Ahmed
Activist from Kew Bridge 'Eco Village' and the Parliament Square 'Democracy Village' apprehended by police after a sit-down protest Two years before the Occupy movement sprang forth in New York and London, a motley group of land rights activists occupied a piece of disused land in west London to create an alternative model of moneyless, sustainable living. Little did ...
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Increasingly-growing number of refugees around the world UN report says
New York: June 19 -- (BNA) -- The United Nations revealed that the total number of refugees around the world has reached 7.6 million refugees in 2012 which is the highest figure reported by the UN since 1994. According the UNHCR report the Syrian crisis is a major new factor which led to the increase in the number of refugees. The UN report points out that 55% of refugees in the world come ...
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World Cup 2014 Josh Kennedy coming to terms with scoring match-winning goal against Iraq
Sydney 2000 Josh Kennedy says the impact of his match-winning goal in the World Cup qualifier against Iraq is only just "starting to sink in".Kennedy confirmed Australia's passage to the 2014 World Cup in Brazil with his 83rd-minute header at the Olympic stadium on Tuesday night.The lanky striker was still coming to terms with being the toast of the nation as he joined his ...
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Earthquake Halts Mining in Russian Coal Heartland
NOVOKUZNETSK, June 19 (RIA Novosti) – A moderate earthquake struck southwest Siberia's Kemerovo Region, one of the country's coal mining heartlands early on Wednesday, local officials said, temporarily bringing underground coal production to a standstill. Regional Governor Aman Tuleyev has ordered all work at underground mines in the Kemerovo Region, part of Russia’s ...
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Here comes the worlds slimmest smartphone
The leading technology firm unveiled the HUAWEI Ascend P6. The Android smartphone is touted as the world's slimmest smartphone measuring 6.18mm. In a press release, the informed: "The smartphone features a 1.5GHz quad-core processor and a sleek metallic body. With its 4.7-inch high definition in-cell display, industry-leading 5MP front-facing camera, and outstanding software, the ...
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Tension anger as Asian giants reach World Cup
South Korea defender Kim Chang-Soo (L) and Iran midfielder Masoud Shojaei during their World Cup qualifier on June 18, 2013. Iran booked their ticket with a 1-0 smash-and-grab win in Ulsan, following a tetchy build-up between the two ...
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G-8 disappoints Syrian rebels makes progress on corporate tax evasion
Leaders of the G-8 agree on a plan to clamp down on money launderers, illegal tax evaders and corporate tax avoiders, while pushing for immediate peace talks on ...
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Nigeria Jonathan Calls for Global Co-Operation Against Terrorism
President Goodluck Jonathan in Abuja on Tuesday called for greater global co-operation and co-ordination in the war against terrorism. Jonathan made the call while receiving the new ambassadors of Israel, Russia, Greece, Algeria and Senegal who presented their letters of credence to him during separate visits to the Presidential Villa. He said Nigeria and other countries would benefit ...
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Kenya Devolution a Major Challenge to Budget - World Bank
THE devolution process will continue to pose a great challenge to the national budget for the next three years, according to the World Bank. The government has allocated Sh210 billion to the 47 counties under the new budget but the World Bank says this presents two challenges. First, there is a wide variance in per capita allocations between counties. Second, the devolution formula is ...
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Jozy Altidore lifts U.S. past Honduras 1-0 in World Cup qualifier
U.S. goalkeeper Tim Howard makes a save while pressured by Honduras' Carlo Costly during their 2014 World Cup qualifying soccer match. (Jim Urquhart, Reuters) SANDY, Utah - Jozy Altidore scored a goal in his fourth consecutive international match, enough for the United States to edge Honduras 1-0 in a World Cup qualifying game Tuesday night. Before 20,250 fans at Rio Tinto Stadium, the ...
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45.2 million displaced people worldwide UNHCR report says global forced displacement at 18-year high
WAM ABU DHABI: A report released today by UNHCR, the UN's refugee agency, says that more people are refugees or internally displaced than at any time since 1994, with the crisis in Syria having emerged as a major new factor in global displacement. UNHCR's annual Global Trends report covers displacement that occurred during 2012 based on data from governments, NGO partners, and UNHCR ...
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UPDATE 1-HM earnings down more than expected in second quarter
Wed Jun 19, 2013 2:47am EDT * March-May pretax 6.1 bln SEK vs consensus 6.3 bln * Gross margin 61.1 pct, matching consensus * Says June 1-17 local-currency sales +17 pct * Inventories higher than planned end-Q2 * Says situation challenging in many big markets (Adds detail, background) STOCKHOLM, June 19 (Reuters) - H&M, the world's second-largest fashion retailer, posted a bigger than ...
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Australia Fans Celebrate World Cup Entry With Sydney Party
SYDNEY ...
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DP World extends maturity on $1 bln loan for additional year
DUBAI, June 19 | Wed Jun 19, 2013 2:30am EDT DUBAI, June 19 (Reuters) - DP World , the world's third-largest port operator, said on Wednesday that it has extended the maturity date on a $1 billion revolving credit facility for an additional year as it secured attractive market terms. The loan maturity has been extended to the second quarter of 2018 from the second quarter of 2017, ...
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Investors look for answers on economy from Fed
In this Wednesday, May 22, 2013 photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. The Federal Reserve ends a policy meeting Wednesday, June 19, 2013. Investors have been nervously speculating that the Fed will soon scale back its economic stimulus and send interest rates up and stock prices down. (AP Photo/Manuel Balce ...
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Pakistan’s new government delivers pro-business budget
Pakistan's newly-installed government of Nawaz Sharif's Pakistan Muslim League (PML-N) announced its first budget amid slow economic growth, a massive fiscal deficit and dangerously depleted foreign reserves. The government also faces declining foreign investment, a chronic power crisis and double digit inflation. The budget is a desperate attempt to encourage investment, while cutting ...
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Japans exports pick up pace give economy momentum in rough markets
By Kaori Kaneko and Stanley WhiteTOKYO (Reuters) - Japan's exports rose in May at the fastest annual rate in more than two years with the help of a weak yen and a moderate pick-up in global demand, boding well for the government's efforts to steer the economy through market turbulence.The faster-than-expected rise is welcome news for Prime Minister Shinzo Abe after recent a sell-off in ...
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World Obama in Berlin to give Brandenburg Gate speech
Berlin as American president and his address to students and government officials at the Brandenburg Gate comes almost 50 years after John F Kennedy's celebrated "Ich bin ...
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Is Turkeys economy about to crash
expand the powers of the police." The prime minister's speech came just days after he dispatched riot police to clear demonstrators from Istanbul's Gezi Park, sparking renewed clashes in cities across the country. The violence has since subsided and demonstrators have taken to standing silently in public to express their discontent, but weeks of unrest have taken their toll on ...
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FDI in Arab world surges by 10 to $47.1b in 2012
Foreign direct investment, or FDI, into Arab world rose by nearly 10 per cent in 2012 led by Saudi Arabia and the UAE, according to a latest ...
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