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TopNetNews | The Latest Headline News from Around the World!

Ministries face budget cuts to finance war in Somalia – Business Daily Africa



Business Daily Africa
Ministries face budget cuts to finance war in Somalia
Business Daily Africa
Joseph Kinyua, the permanent secretary at the Finance Ministry said the war that began on Sunday had created a new challenge for the ministry responsible for the national budget. “We intend to have a fresh look at our Budget to ensure that we are able
Somalia's Al-Shabaab Vows to Defeat Kenya Intervention ForceBusinessWeek
Somali, Kenyan forces eye rebel stronghold as hostage diesReuters

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finance – Google News

S&P cuts Spain’s sovereign debt rating – Financial Times



Reuters
S&P cuts Spain's sovereign debt rating
Financial Times
Spain has suffered a fresh downgrade of its national debt by Standard & Poor's because of concerns about sluggish economic growth and the continuing upheaval in its banking system. S&P lowered the Spanish rating by one notch from double A to double A
UPDATE 6-Rating cut puts Spain back on crisis radarReuters
S&P Axes Spain's Credit Rating On Heightened Risks To GrowthForbes
Spain's Credit Rating Cut by S&P on Weaker Growth OutlookBusinessWeek
CNN -MarketWatch -Wall Street Journal
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Business – Google News

Gentiva Covenant at Risk From Medicare Cuts: Corporate Finance – San Francisco Chronicle


Gentiva Covenant at Risk From Medicare Cuts: Corporate Finance
San Francisco Chronicle
Aug. 10 (Bloomberg) — Cuts in Medicare payments may force Gentiva Health Services Inc. to breach a loan covenant this year, Credit Suisse AG said, as trading prices drop for debt of the largest US home-health and hospice company by sales.
Gentiva at Risk of Covenant Breach Amid Medicare Cuts: Corporate FinanceBloomberg

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finance – Google News

OPEC cuts oil demand growth forecast – Los Angeles Times



Globe and Mail
OPEC cuts oil demand growth forecast
Los Angeles Times
LONDON – OPEC, source of more than a third of the world's oil, cut its forecast for global oil demand growth this year as a worsening economic outlook curbs consumption in developed economies. The revision from the Organization of the Petroleum
OPEC Shaves Demand OutlookWall Street Journal
Oil higher as OPEC sees demand growth continuing, stocks markets riseWashington Post
OPEC cuts 2011, 2012 oil demand forecastAFP
Reuters Africa -PR Newswire (press release) -Upstream Online
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Business – Google News