Posts Tagged ‘percent’

U.S. stocks slip in early trading Wednesday after successful Italian debt auction

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – United States stocks slipped Wednesday after a successful auction of Italian debt gave European stocks a boost but failed to excite equity traders here in the states. Just after the opening bell on Wall Street, the Dow Jones Industrial Average was lower [...]

Debt woes come back to haunt Dubai

The Media Line Staff Dubai, United Arab Emirates David Rosenberg (The Medi – More than two years after one of its showcase companies announced a “standstill” on its loan repayments, signaling the end of a real estate-fueled boom, a mountain of debt continues to cast a long shadow over Dubai’s economy. Moody’s Investors Service brought [...]

Mortgage rates approach record lows

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Mortgage rates were down slightly this past week, approaching, but not quite hitting, the lowest mortgage rates on record. Adjustable-rate mortgages (ARMs), did reach new record lows. The initial interest rate on a five-year Treasury-indexed ARM dropped to 2.91 percent, Freddie Mac [...]

Clinton sets out new U.S. focus

Washington, DC, United States (IRIN) – United States Secretary of State Hillary Clinton’s announcement that the American government now prioritizes creating an AIDS-free generation could be more than just political lip-service: it may also shape the next several years of US global health programming and funding, analysts say. Clinton’s 8 November speech at the National [...]

Dow erases 2011 declines Wednesday on Europe’s debt plans

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The Dow Jones Industrial Average soared nearly 200 points in mid-afternoon trading Wednesday as investors applauded Europe’s plan to recapitalize banks and stem the euro region’s blooming debt crisis. The S&P 500 Index climbed 1.7 percent, reaching its highest level since Aug. [...]

ARV supply and funding woes

Blantyre, Malawi (IRIN) – By 9 a.m., the Limbe Health Centre in Malawi’s second city, Blantyre, is already full. HIV-positive patients are lining up to collect their antiretrovirals, despite reports of shortages at state clinics and hospitals. Limbe is one of 433 public health facilities in Malawi that provide the medication free and is also [...]

S&P equates delayed Greek debt payment to default

Vittorio Hernandez – AHN News Athens, Greece (AHN) – Even if the Greek parliament had passed last week two austerity program legislations that paves the way for the release of the country’s second tranche of loan from the European Union and the International Monetary Fund, a ratings agency is still wary of a Greek debt [...]

Saab unable to pay employee wages

Kris Alingod – AHN News Contributor Trollhattan, Sweden (AHN) – A little over a week after announcing an agreement with two Chinese investors to help with its liquidity, troubles continued for Saab on Thursday after unions threatened court action over unpaid wages. In a statement on Thursday, Spyker Cars, which this month changed its name [...]

Elderly feel the loss of extended family

Manzini, Swaziland (IRIN) – Erratic pension payments, a rising cost of living and changing social circumstances are leaving Swaziland’s elderly with no choice but to fend for themselves and adjust to living alone. This is unprecedented in a country where an extended family system traditionally provided a social safety-net and companionship. “I thank my God [...]

Bangladesh unveils budget high on defense, low on farm spending

Saleem Samad – AHN News Correspondent Dhaka, Bangladesh (AHN) – Bangladesh, the world’s poorest Muslim majority country, unveiled a $22 billion deficit budget high on defense expenditures and low in farm spending. The government projects revenue income at $16.01 billion in the coming fiscal year, up from nearly $13 billion. The budget was placed in [...]

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