Finance & Economics

South Sound Doctor Sentenced to More Than 12 Years in Prison for Health Care Fraud, Tax Crimes, and Drug Distribution

Antoine Johnson, 41, a former resident of Aberdeen, Washington, and his mother, Lawanda Johnson, 63, were sentenced today in U.S. District Court in Tacoma for more than two dozen federal felonies connected with their operation of four health care...

Europe Ministers Reach Deal on Trillion-Dollar 'Firewall'

European ministers meeting in Copenhagen have agreed to create a permanent fund for the eurozone to help it recover from its debt crisis with temporary lending capacity of more than $1 trillion. The eurozone nations are working to ensure that the...

Clamping down on the derivatives trade

Obligatory clearing for OTC derivatives, reporting for all derivatives

The regulation lays down that OTC derivative contracts would have to be cleared through central counterparties (CCPs), thus reducing counterparty credit risk, i.e. the risk...

BRICS Nations Inch Toward Development Bank

Leaders from some of the world's largest developing economies -- Brazil, Russia, India, China, and South Africa, the so-called BRICS -- called Thursday for a more representative international financial structure.

KENYA: Fertilizer shortage could exacerbate food insecurity

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A shortage of fertilizers could exacerbate food insecurity

New iPad puts Apple in 'misleading' ad row in Australia

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Australia's consumer watchdog has taken Apple to court for "misleading" advertisements that its new iPad computer was...

Britain economy shrank by 0.3 per cent in 2011 last quarter

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The UK economy contracted more in the last quarter of 2011 than initially estimated with services sector showing a...

To curb rising fuel prices US, UK , France considering strategic oil release

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French ministers Wednesday said France was talking with the US and the UK on a possible release of strategic oil...

Bombing in oil-rich border areas of South Sudan

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South Sudan's oil-rich border areas were the target of Sudanese Armed Forces (SAF) bombing for the second consecutive...

OECD moots 1trillion euros bailout fund

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Eurozone bailout funds need to be increased substantially to at least euros 1 trillion (pounds 836.3 billion), the...