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John Atta Mills

President of Ghana John Atta Mills Dies At 68

John Evans Atta Mills, president of Ghana who transformed the country's economy into one of African's newest oil-producing states, passed away at a military hospital on Tuesday. He will be succeeded by his vice president.

What Will Central Banks Do Next Week?

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By taking policy rates to close to 0 percent and pushing deposit rates below zero, the move by Denmark may have opened the window for the ECB to take action at their meeting next week.
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Spanish Bond Yields Climb To Another Record High

The Spanish government's costs hit a record high Monday -- their third consecutive record high in as many days -- as doubts about the country's fiscal stability mounted among international lenders.
U.S. Economy

US’s Tepid GDP Growth Requires More Action To Increase It

Investors can monitor five stats to obtain a reading on the U.S. economy’s strength. Currently, these stats show a slowdown in U.S. GDP growth, which is why Congress should do more to create jobs and help increase the economy’s growth rate.
Maruti Suzuki

Maruti Suzuki Riot: Shutdown to Cost $15 Million a Day

With a manager dead, 90 employees in jail and an entire factory's workforce under investigation for murder, Maruti Suzuki faces a shutdown at a major auto plant that could last several weeks or more and cost it $15 million a day.
Rupee

Did Rating Agencies Err While Downgrading India’s Credit Outlook?

President Barack Obama's weekend statement on Indian economic slowdown and recent downgrading of the country's sovereign credit ratings by the global rating agencies has evoked strong criticism from India. The Indian government and a section of authorities have blamed the global rating agencies and foreign investors for misjudging the Indian economy and deliberately trying to downgrade India's image.
Police

UK Murder Rates Drop to 30-Year Low, But Why?

According to the latest figures released Thursday, the murder rate in the UK fell by 14 percent year-on-year to 550 homicides in 2011-12; the lowest it's been since 1983. Violent crime in England and Wales also fell by 7 percent, while robberies declined by 2 percent. Overall crime rates against adults remained at the same as they have been for the last three years.

Can The Mundane Grocery Store Survive The Next Decade?

A financial disparity has emerged between popular health-conscious grocery stores and their more mundane rivals, a gap that's expected to widen as the millenial generation replaces the baby boomers as the dominant consumer consumer force.
Consumers Remain Cautious despite Hefty RBA Cuts in May

TiVo Wants To Know Where You Shop, Nielsen Wants To Stay Relevant

The company that developed the first commercially available DVR announced on Tuesday that it is purchasing TRA, Inc., a marketing and analytics company whose products help advertisers know which TV commercials are the most effective based on consumers' shopping habits.

Homeownership: (Millennials) Downsizing The American Dream

The recession and housing crash have triggered a sharp decline in the share of American households who own their own home. Homeownership, which is at its lowest point in 15 years, is bound to fall even further, driven by tight credit, lackluster economic growth and more foreclosures.
Asian Shares

Asian Stocks Decline After Bernanke Comments

Asian stock markets were mostly lower Wednesday as the lack of explicit hints about further quantitative easing from Fed Chairman Ben Bernanke during his congressional testimony disappointed investors.

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