{DAILY GLOBAL BUSINESS POINT}

International donors have pledged $1.1bn (£643m) in aid to Kyrgyzstan at a conference in Bishkek.
The money will be used to fund reconstruction in the Central Asian state following deadly ethnic violence in the south last month.
Hundreds of people were killed in the unrest and thousands of homes, mostly belonging to ethnic Uzbeks, destroyed.
Many Uzbeks who [...]

The number of crimes committed in England and Wales has fallen to its lowest level since records began in 1981, official figures have shown.
In 2009-10, crimes committed fell to 9.6 million – 9% below the previous year, indicating that the recession has not caused an increase in offences.
The latest British Crime Survey (BCS) said there [...]

The global rating agency, Moody’s does not want to once again be labeled as a poor predictor / rating agency. So it has swung into action in the recent past to downgrade the weaker European countries like Spain and Greece.
Today it was the turn of Portugal to get the whacking from Moody’s, as the rating [...]

The Spain currency has been downgraded by Fitch also few weeks back and that has made borrowing almost impossible for the country. So the country has embarked on a major spending cut exercise which is expected to cut down the pension payments and also medical benefits for the government sector employees.
Also the government is expecting [...]

When the economy went down and the corporations and the citizens were facing financial crisis, the US government had introduced various scheme to help people withstand the difficult times. The most crucial crisis came when banks allotted home loans liberally prior to recession and at the time of recession, so many people lost their jobs, [...]

US have unearthed some untapped mineral deposits very recently in the grounds of Afghanistan. The mineral deposit discovered by US in Afghanistan is worth some $1 trillion. The mineral deposits are more than the previously found reserves that are found in Afghanistan. The mineral deposits are so worth that they [...]

The US Gulf of Mexico oil spill is now indicated to be the worst disaster in the American history, and the British Petroleum company , itself is admitting that the spill is over 15000 barrels a day. And Lousiana coast and Florida coast are already flooded with crude oil spill and it would take months [...]

Everybody was expecting the private job growth for May 2010 to be very robust, but the data that was presented on Friday afternoon, was absolutely pathetic. But for the temporary Census job additions in the month of May 2010, there was hardly any addition in the entire private sector.
The ongoing Europe crisis is said to [...]

The month of May has been very bad for the US markets with both Dow Jones and Nasdaq losing out all their 2010 games in a matter of days. In fact the US markets lost over 10% in a single trading session in May 2010, in a matter of just 20 minutes, which was later [...]

Fitch has now downgraded Spain sovereign rating by a notch to AA+, as it feels that the 24 billion dollars austerity measures could pull down the economic recovery further. The rating agency is doing the downgrade after the downgrade by Standard and Poors nearly a month back.
The public anger against the austerity measure is [...]