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Tensions Over Money Flows Bode Poorly For Global Economy

For a bunch of people who just agreed the global economy is doing better, top officials from the world's rich and poor nations sound rather worried. For poor nations, the easy monetary policies in advanced economies are leading to big swings in capi ...

Daily Headline - global.abi.org - 04/14/2014 - 21:31 - 0 comments

Nigerian President Suspends Central Bank Governor

Nigeria's president, Goodluck Jonathan, has suspended the head of its central bank, removing an increasingly outspoken critic of the government's record on tackling rampant corruption, The Guardian reported. Lamido Sanusi, who was due to en ...

Daily Headline - global.abi.org - 02/20/2014 - 23:39 - 0 comments

Malema Insolvency May Block South African Parliament Seat Bid

rand ($1.44 million) in taxes and applied for the insolvency order after establishing that his ...

Daily Headline - global.abi.org - 02/10/2014 - 23:35 - 0 comments

Uganda Gets IMF OK to Raise Debt Limit

borrowing limit has been increased to $2.2 billion from $1.5 billion, a boost for the country's efforts ...

Daily Headline - global.abi.org - 01/29/2014 - 00:23 - 0 comments

Nzoia Sugar Company Denies Insolvency Claims

Nzoia Sugar Company has denied a report by the Auditor General last week that indicated that it is technically insolvent and operating on a negative working capital, allAfrica.com reported. The company is reported to have debts amounting to Sh16billion h ...

Daily Headline - global.abi.org - 12/09/2013 - 00:14 - 0 comments

Pensioners Starting To Feel Fiscal Austerity Impact, OECD Warns

Pensioners in developed economies are no longer being spared the worst effects of the financial crisis as fiscal austerity programmes aimed at curtailing spending on the elderly start to kick in, the OECD has warned, the Financial Times reported. Spe ...

Daily Headline - global.abi.org - 11/26/2013 - 22:19 - 0 comments

S. African Debt Climbs as Gordhan Pledges Spending Curbs

South African Finance Minister Pravin Gordhan will struggle to keep government debt under control even as he pledges to stick to spending targets, Bloomberg reported. Gross debt will climb to 48 percent of gross domestic product in the year through March ...

Daily Headline - global.abi.org - 10/23/2013 - 21:03 - 0 comments

G20 Backs Crackdown On Tax Avoidance

Leaders of the world’s largest economies ratcheted up the pressure on tax avoidance by backing “an ambitious and comprehensive” plan to crack down on multinationals that shift profits into low-tax countries, the Irish Times reported. The G20 countrie ...

Daily Headline - global.abi.org - 09/08/2013 - 20:15 - 0 comments

Banks Face New Set Of Capital Rules

Banks face being hit with a new set of international capital rules aimed at forcing bondholders rather than taxpayers to bail out failing institutions, the Financial Times reported. Global regulators are seeking support from world leaders to draw up ...

Daily Headline - global.abi.org - 09/02/2013 - 17:40 - 0 comments

South Africa's Investec, Nedbank Exposed To Troubled Building Firm

South Africa's Investec, Nedbank and Sanlam said on Thursday they had exposure to a failing building supply company First Strut, whose chairman was shot dead in June, Reuters reported. Trade in First Strut's 925 million rand ($95 million) worth ...

Daily Headline - global.abi.org - 07/25/2013 - 23:25 - 0 comments

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