World News

IMF Advise Euro Zone to Restore Weak Banks

  By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Tuesday advised the Euro Zone to restore weak banks by resolving the problem of bad loans on their books and make sure they hold sufficient capital to operate. This is contained in a speech ’’Outlook for Europe: Boosting Growth […]

Russia Growth Slow, GDP Projected to 2% in 2014

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Tuesday said that Russia’s economic growth has continued to slow and had projected a Gross Domestic Product (GDP) of two percent (2%) in 2014. This is coming on the heels of a mission to the Russian Federation by the IMF […]

Nelson Mandela Dead — Former South African President Dies At 95

So sad. The former South African president died on Dec. 5 at the age of 95. He will be greatly missed. The current president Jacob Zuma announced the passing at 8:50pm local time in South Africa. Nelson Mandela sadly passed away on Dec.5, 2013 at home in Houghton, South Africa. He […]