U.S. in Same Debt Class as Greece?
The financial position of the United States is not too different than that of Greece and other European countries that are teetering on bankruptcy, a former Senator told real estate professionals Tuesday.
HSBC Bank Plans Huge Costs Reductions, Job Losses Inevitable
HSBC Holdings Plc (NYSE: HBC) said it plans to save up to £2-billion (or $3.5-billion) over the next two years. by downsizing its wealth management and retail segments.
Queensland insurance claims hit 118K as assessments near completion
The Insurance Council of Australia has released updated figures on how the general industry has responded to the enormous task of assessing over 118,000 insuran...
Palestinians not to get salaries as Israel withholds payments
Palestine Prime Minister Salam Fayyad said on Monday that the Palestine Authority (PA) will not be able to pay the salaries of its employees on time this month due to Israel's hostile stand.
OPEC April output lower but still above target: Platts
New Platts survey shows crude oil production in OPEC’s 12 member nations declining to an average 28.84 million barrels per day (b/d) in April, from 29.17 million in March.
