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Illinois Must Plug $13 Billion Deficit in Days That Took Years to Produce
Illinois Must Plug $13 Billion Deficit in Days That Took Years to Produce Illinois lawmakers will try this week to accomplish in a few days what they have been unable to do in the past two years — resolve the state’s worst financial crisis. Read more on Bloomberg
Nigeria Plans $1 Billion Wealth Fund to Spur Growth
Nigeria Plans $1 Billion Wealth Fund to Spur Growth Nigeria’s government is targeting economic growth of 10 percent as it creates an oil-financed infrastructure fund, encourages foreign investment in the power industry and abolishes fuel subsidies that have drained the national purse, Finance Minister Olusegun Aganga said. Read more on BusinessWeek
Return on saving Everglades: $90 billion
Return on saving Everglades: $90 billion Return on saving Everglades: $90 billion Read more on The Palm Beach Post
AIG to Repay $4 Billion to U.S.
AIG to Repay $4 Billion to U.S. Insurance Giant, Which Owes the Feds $21 Billion in Total, to Repay Part of Its Bailout Loan Read more on CBS News
UN panel explores new taxes, incentives to raise $100 billion for annual climate change fund
UN panel explores new taxes, incentives to raise $100 billion for annual climate change fund Carbon taxes, add-ons to international air fares and a levy on cross-border money movements are among ways being considered by a panel of the world’s leading economists to raise a staggering $10… Read more on Fox News
House OKs $59 billion for Afghan war
House OKs $59 billion for Afghan war WASHINGTON — Months behind schedule and stripped of money for domestic stimulus programs, the U.S. House sent legislation to fund the troop surge in Afghanistan to President Barack Obama on Tuesday after disgruntled Democrats failed to block it. Read more on Detroit Free Press
Liberia: IMF and World Bank Announce U.S.$4.6 Billion Debt Relief
Liberia: IMF and World Bank Announce U.S.$4.6 Billion Debt Relief The International Monetary Fund (IMF) and the World Bank’s International Development Association (IDA) have decided to support US$4.6 billion of debt relief for Liberia, of which US$1.5 billion is to be delivered by multilateral creditors and the remainder by bilateral and commercial creditors. Read more [...]
Tenaga to Bid for $2.1 Billion Malaysian Power-Plant Project
Tenaga to Bid for $2.1 Billion Malaysian Power-Plant Project June 18 (Bloomberg) — Tenaga Nasional Bhd. , Malaysia’s state-controlled generator, will bid for a 7 billion ringgit ($2.1 billion) government project to upgrade power plants as the economic recovery boosts electricity demand. Read more on Bloomberg
Poland Said to Earn $1.8 Billion as Tauron IPO Starts (Update3)
Poland Said to Earn $1.8 Billion as Tauron IPO Starts (Update3) June 1 (Bloomberg) — Tauron Polska Energia SA, Poland’s second-largest power producer, will start its initial public offering on June 4 in what is set to be Europe’s third-biggest IPO this year. Read more on Bloomberg
Aid plan for Greece worth $145 billion
Aid plan for Greece worth $145 billion Finance ministers from the 16 countries that use the euro agreed Sunday to rescue Greece with euro110 billion in loans over three years to keep it from defaulting on its debts. Read more on AP via Yahoo! News