The instability in the Middle East took another turn as there were violent protests in Syria following the Friday prayer. There are early reports of 49 people who died during the protests that took place in all over Syria as…
Category: News by Region
S&P downgrades US credit outlook – 21 April
The US national debt is only one of the key factors that Standard & Poor’s looked on when it has decided to revise the credit outlook of the United States to negative. The second reason probably lies in the US budget…
Unrest in Middle East progresses
There are reports that up to now the conflict in Libya caused the death of over 10,000 people, over 55,000 harmed and nearly 10,000 refuges have fled to Tunisia. The fighting in Libya started during the middle of February and…
Tornados attack North Carolina
The tornados storms that attacked entire regions in North Carolina, U.S.A are reported to be the deadliest since the tornados attacks of 1984. There are current reports of 45 fatalities. Up to now, there were 62 tornado attacks during the…
Germany seized 6 billion US dollar Libyan assets
According to Spiegel news, Germany has recently seized assets of Libya. It is reported that six billion USD of Libyan funds were frozen according as of 18 April 2011. Germany representatives said that the UN could use these funds to…
Qaddafi’s forces are firing over 100 grad missiles over Misrata
There are reports from eyewitnesses that Qaddafi’s forces have launched over 100 BM-21 Grad missiles towards the port city of Misrata, Libya, over the weekend, in an attempt to prevent citizens from receiving supplies. This news could be corroborated yet…
Recommended posts for the weekend – April 16
Here are several recommended posts from different sites for the weekend I thought are interesting for reading, enjoy: In forexcrunch, Yohay talks about the effect the concerns around the Greek debt have on the Euro/USD exchange rate; David Caploe shows…
Another aftershock hits Japan
Japan’s turmoil – update There was another aftershock at a magnitude of 5.9 in the Richter scale that hit Japan. Early reports state that there was no damage caused due to this earthquake. The aftershock was reported to be about…
The rising concerns on Euro Zone debt
Today and tomorrow there are the G7 and G20 meetings, respectively. One of the subjects that will be discussed in the meetings will be related to the European debt, in particular the debt of Portugal. I have referred to this…
Japanese businesses request $90 billion in loans
According to Bloomberg, Japan’s major banks have been receiving requests from business in Japan for loans that sum up to over 7.5 trillion yen which is roughly 90 billion USD. These loans are needed to recover from the recent tsunami…