Kenneth G. Mondero

No less than the International Monetary Fund (IMF) itself admitted it had misgivings in the handling of the Greece bailout. In a 50-page report prepared by an inter-department staff team at IMF, the Fund admitted it bent its own rules to accommodate a bailout of Greece in 2010 for fear that not doing otherwise would […]

Latvia, the small state facing the Baltic Sea, is set to be bid farewell to its national currency to become the 18th state to join the single currency market, the Eurozone. The European Commission, in a report released earlier today, stated that Latvia “has achieved a high degree of sustainable economic convergence” with the Eurozone, […]

The Eurozone has reached another record high unemployment rate in April 2013 as the single-currency block continues to be mired in its longest recession since its creation 14 years ago. Data from EU’s statistics agency, Eurostat, revealed seasonally-adjusted jobless rate in the 17-member bloc rose from 12.1% in March to 12.2% in April of this […]

The battle continues as Ryanair Holdings plc (LSE:RYA) received another slapped in the face after the UK’s Competition Commission decided the Ryanair may have to reduce its shareholdings in competitor Aer Lingus Group plc to make way for more competition in the air traffic between the UK and Ireland. UK’s anti-trust agency’s provisional findings stated […]

Independent oil exploration and production companies, Genel Energy plc (LSE:GENL) and Gulf Keystone Petroleum Limited (LSE:GKP), announced earlier today another commercial oil discovery in the Kurdistan Region of Iraq, advancing shares of both firms on the London Stock Exchange in early morning trading. In a statement released by Genel, the operator of the Ber Bahr […]

Dually-listed extraction firm, Leyshon Resources Limited, said its gas well in China flowed commercial rates five months after the firm encountered multiple potential pay zones, pushing the share price up earlier today on the Alternative Investment Market in London. In a statement, the China-focused firm which also has mineral mining business in Australia said a […]

Caza Oil & Gas is being shown a lot of confidence as the AIM-listed firm received fresh funding to support its 2013-2014 drilling campaign. In a statement today, Caza disclosed it has acquired funds to the tune of US$50 million through a Note Purchase Agreement with an investment firm Apollo Investment Corporation – a deal  […]

BG Group intends to go back to its roots as a gas explorer and producer in the next five to 10 years in the hope to regain investor confidence in the independent gas firm. Chris Finlayson, the group’s Chief Executive, is to formally unveil the firm’s long-term strategies to a group of investors and analysts […]

The story has been brewing for a time now and the latest development reveals Slovenia, feared to be the next and sixth country to be bailed out by EU, is doing what it can to avert a financial meltdown that has caused quite a pandemonium in the five countries that secured the same since the […]

Breaking the news gently must have been the goal of Standard Chartered plc (LSE:STAN) on releasing its performance for the first quarter of the year – the only one of the BIG FIVE in London that does that. But no matter how hard one tries to carefully craft the words, the glaring truth of the […]