The oil group BP said that the disaster in the Gulf of Mexico so far has cost the company $ 3,950,000,000 (more than 3 billion euros) , a figure which includes both the cost of oil spill response , and indemnities paid. As specifically stated in the notice of BP, this amount includes the cost [...]
The head of U.S. diplomacy, Hillary Clinton announced today a plan for massive aid to Pakistan, totaling more than $ 500,000,000. Washington hopes that the new package of economic assistance will help shift public opinion that there is criticism of the country , an important U.S. ally in the war in neighboring Afghanistan. Clinton is [...]
With economic recovery in the Eurozone taking place at different speeds and with Greece facing the debt crisis, the European Central Bank is expected to keep interest rates unchanged at its meeting on Thursday; coming months are expected to show small changes in a progressive withdrawal of liquidity measures. The Fed’s recent move to increase [...]
The Turkish economy has recently shown signs of recovery with an overall positive outlook but nevertheless some analysts warn investors that their movements in Turkish asset markets should be particularly careful as there might be lurking political risks. The confrontation between the government of Recep Tayyip Erdogan and the army or the judiciary are continuous [...]