The Media Line Staff Cairo, Egypt (TML) – Egypt’s decision to reject loans from the International Monetary Fund (IMF) and World Bank may save the government unwelcome political controversy at home, but it risks undermining the country’s already severely strained economy, economists warned. The terms of the IMF financing as well as the government’s plan [...]

X IRIN – IRIN IRIN Staff Abidjan, Ivory Coast (IRIN) – As pro-Alassane Ouattara forces moved into Abidjan on 31 March and rumours flew about the fall of Laurent Gbagbo, residents who have lived through unprecedented violence in recent weeks fear militants on both sides will become more radical than ever in their attacks. Ouattara, [...]

Shafi’i Abokar – AHN News AHN Correspondent Mogadishu, Somalia (AHN) – The administration of the Banaadir region of southern Somalia on Saturday ordered the closure of all business centers in the capital Mogadishu during Friday prayers every week. The order was issued during a three-party meeting between the justice and religious affairs minister, the mayor [...]

X IRIN – IRIN IRIN Staff ADDIS ABABA, Ethiopia (IRIN) – Health officials in Ethiopia’s capital, Addis Ababa, are concerned about the spread of tuberculosis in the city’s crowded public transport networks and tightly packed “DSTV [satellite television] houses” where ardent fans come to watch English and Spanish football. During big matches, a single “DSTV [...]

Jim Keller – AHN Sports Reporter New York, NY, United States (AHN Sports) – The lawsuit against New York Mets owners Fred Wilpon and Saul Katz in regards to the Bernie Madoff Ponzi scheme was amended Friday. According to a report in the New York Daily News, Irving Picard, the trustee handling the billion dollar [...]

The benefit of the base rate has evaporated for India Inc. Instead, costs have begun to pinch as the government battles scams in and outside Parliament, putting a plug on expenditure and making money scarce in the market. The base rates were expected to shave off borrowing costs for companies from the banking sector, besides [...]

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has downgraded 13 classes of Morgan Stanley Capital I Trust, series 2007-TOP27 commercial mortgage pass-through certificates, due to further deterioration of loan performance, most of which involves increased losses on the specially serviced loans. A detailed list of rating actions follows at the end of this release. The downgrades reflect an [...]

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has downgraded 14 classes of Morgan Stanley Capital I Trust, series 2006-TOP23 commercial mortgage pass-through certificates, due to further deterioration of loan performance primarily from increased losses on the specially serviced loans. A complete list of ratings follows at the end of the release. As a result of the expected losses [...]

Abdi Hajji Hussein – AHN News Correspondent Mogadishu, Somalia (AHN) – Somali Prime Minister Mohammed Abdullahi Mohammed announced the formation of his new cabinet on Friday. Somali President Sharif Sheikh Ahmed spoke at a ceremony held in the presidential palace, and urged the new ministers to work together. All but three ministers are new to [...]

The problem with home sales is not mortgage rates, which remain low, but high unemployment and indebtedness that keep people away from borrowing, Capital Economics said in a note. View full post on All Stories

Abdi Hajji Hussein – AHN News Correspondent Mogadishu, Somalia (AHN) – Sharif Sheikh Ahmed, Somalia’s beleaguered president, has begun a series meetings with members of the Somali parliament, drumming up support for Mohammed Abdulahi Mohammed “Farmajo,” the newly-nominated prime minister of Somalia. In what is pointed to be the last meeting held in Villa Somalia, [...]