LATEST NEWS: UN set to create framework for global bankruptcy process in wake of Argentina debt crisis

The United Nations is set to formally begin negotiations to create a global bankruptcy process after Argentina’s long-running case with the so-called “vulture funds” prompted international authorities tocreate a new system. The international body voted 128 to 16 in favour of a resolution to formally begin negotiations tocreate a global bankruptcy process. In September, the […]

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LATEST NEWS : Ebola outbreak 'vastly underestimated,' WHO says

There is evidence the numbers of dead and sickened by Ebola in West Africa may “vastly underestimate the magnitude of the outbreak,” the World Health Organization said Thursday. The U.N. health agency said it was prepared for the crisis to continue for months. With more than 1,060 deaths and 1,975 sickened, the Ebola outbreak is […]

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Iran Agrees to Deal With Powers to Curb Nuclear Work

Iran’s accord with world powers to limit its nuclear program in exchange for as much as $7 billion in relief from sanctions left Presidents Barack Obama and Hassan Rouhani the task of selling the deal to critics. By agreeing to curtail its nuclear activities, Iran won an easing of certain sanctions on oil, auto parts, gold and precious metals […]

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Biggest US Foreign Creditors Show Concern on Default Risk

“China and Japan, which together hold more than $2.4 trillion in U.S. Treasuries, raised pressure on the U.S. to resolve a political impasse on its debt ceiling that threatens to destabilize global financial markets. Japan must consider the impact of any default on its bond holdings, even as the U.S. will probably avoid a fiscal […]

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No Progress from G-20 Leaders

“In the end, even a meeting between Barack Obama and Vladimir Putin failed to deliver results. Participants at the G-20 summit in St. Petersburg couldn’t manage to find a common position on Syria. The American president demanded that punitive action be taken against Syria, but his Russian counterpart stood between Obama and his allies. Now […]

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