By Agency Reporter Wednesday, 24 Nov 2010 STRASBOURG/DUBLIN: The European Union urged Ireland on Tuesday to adopt an austerity budget on time in order to receive an EU/International Monetary Fund bail-out despite calls for an immediate general election that could disrupt the rescue. The Dublin government is on a knife-edge with […]

By Agency Reporter Wednesday, 24 Nov 2010 WASHINGTON: The United States economy grew at a 2.5 per cent annual rate in the third quarter, more than previously calculated, as companies increased shipments abroad and Americans boosted their spending. According to Bloomberg‘s report on Tuesday, the revised increase in gross domestic product […]

By Ifeanyi Onuba Wednesday, 24 Nov 2010 The Central Bank of Nigeria, on Tuesday, said that it would not approve any bail-out package for oil marketers operating in the downstream sector of the petroleum industry. The CBN Governor, Mr. Lamido Sanusi, disclosed this to journalists in Abuja, shortly after the Monetary […]