Greece Nears Debt Write-Off Goal
Greece is nearing its goal of getting the country's private lenders to eliminate $142 billion of the country's debt to help it avoid a default on its financial obligations later this month.
Internet Opens World to Microloan Investors
The Internet is linking entrepreneurs in the developing world with investors in industrial nations through sites that broker small “people-to-people” loans. These so-called microloans go to family-owned businesses in Africa, Asia and other areas.
EU Leaders Focus on Jobs, Economic Growth
European Union leaders granted Serbia candidate status at a two-day summit that ends Friday focusing on jobs and the economy in the region.
UN report shows euro-zone financial crisis slowing global manufacturing
Silk manufacturing in China.
Eligibility of Greek bonds used as collateral in Eurosystem monetary policy operations
The Governing Council of the European Central Bank (ECB) has decided to temporarily suspend the eligibility of marketable debt instruments issued or fully guaranteed by the Hellenic Republic for use as collateral in Eurosystem monetary policy...
Industry Committee backs cheaper mobile roaming rates
In its 2010 Digital Agenda for Europe, the Commission pledged to bring cross-border roaming tariffs into line with domestic prices by 2015, in line with Parliament’s requests. The current legislation capping roaming charges for phone calls and SMS...
EBRD finances new district heating upgrades in Ukraine
The EBRD will provide a loan of up to €10 million to finance a priority investment programme aimed at reducing energy loss in gas and electricity consumption and improving the quality of heat and hot-water provision in the Ukrainian municipality of...
U.S. Interest Rates Remain the Same for the Second Quarter of 2012
The Internal Revenue Service announced interest rates will remain the same for the calendar quarter beginning April 1.
Why the Price of Gas is Rising in the US
Fuel prices in the United States are rising because of the increasing cost of crude oil. Crude oil is the natural form of oil as it is found in the ground, before it has been refined into gasoline. As of January 2012, the price of crude oil made up 76...
U.S. Supports Launch of Caribbean Small Business Development Centers Project
In a ceremony today at the headquarters of the Organization of American States (OAS), Ambassador Carmen Lomellin, U.S. Permanent Representative to the regional body, announced U.S. support for the launch of the “Caribbean Small Business Development...
