10 Most Corrupt Countries

Fed up with the corruption in India? Well, be glad you don't live in the most corrupt countries in the world. Here's a list

10 Most Corrupt Countries


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  • Oil prices fall on U.S. crude stocks build; fears over China demand
    Oil prices fall on U.S. crude stocks build; fears over China demand

    Oil prices fell early on Wednesday as an unexpected build in U.S. crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry. International Brent crude oil futures (LCOc1) were trading at $49.57 a barrel at 0054 GMT, down 39 cents, or 0.8 percent, from their last close. U.S. West Texas Intermediate (WTI) crude was down 46 cents, or 1 percent, at $47.64 a barrel. …

  • Gold sits tight as investors wait for U.S. rate hike clues
    Gold sits tight as investors wait for U.S. rate hike clues

    * Spot gold (XAU=) was nearly flat at $1,338.20 an ounce at 0059 GMT. * Amid conflicting signals from the Fed in recent days, central bankers from around the world will gather from Aug. 25 for an annual meeting in the mountains of Jackson Hole, Wyoming, with Fed chair Janet Yellen due to speak the following day. * The number of regional Federal Reserve banks calling on the central bank to raise the rate it charges commercial banks for emergency loans rose to eight in July, minutes from the …

  • Dollar edges up, as investors wait on Fed, Jackson Hole
    Dollar edges up, as investors wait on Fed, Jackson Hole

    The dollar edged up on Wednesday, moving off lows touched against the yen overnight, as markets looked to a gathering of global central bankers in Jackson Hole, Wyoming for clues on whether the Federal Reserve is poised to hike interest rates again. At the end of the week, Fed Chair Janet Yellen is scheduled to address the central bankers gathered for the annual mountain retreat that begins on Thursday. Recent hawkish comments from Fed Vice Chairman Stanley Fischer and New York Fed President …

  • Asian stocks consolidate after Wall Street gains, oil slips

    Asian stocks consolidated a recent run of gains on Wednesday, helped by Wall Street's rise overnight, even as oil prices slid on trade data showing a surprise build-up in U.S. crude stocks. MSCI's broadest ... …

  • China's Silk Road powers bids for $1.5 billion Pakistan utility stake
    China's Silk Road powers bids for $1.5 billion Pakistan utility stake

    SINGAPORE/ISLAMABAD (Reuters) - Chinese state-backed firms are frontrunners to buy a $1.5 billion controlling stake in Pakistani utility K-Electric, sources said, as they bet the benefits of a Beijing-led economic corridor will trump the risks of investing in Pakistan. State-backed Shanghai Electric Power and China Southern Power Grid are among Chinese firms leading the pack of about half a dozen bidders in K-Electric (KELA.KA), one person familiar with the matter said. Chinese companies' …

  • As China e-commerce booms, private equity sees room for growth in storage …

    When U.S. private equity heavyweight Warburg Pincus [WP.UL] started looking at China's logistics sector in late 2009, there were more modern warehouses in Boston than in the whole of the world's most populous country. Deep-pocket investors including Carlyle Group LP (CG.O), Canada Pension Plan Investment Board (CPPIB) and Warburg Pincus have splashed $12 billion on the sector in China since 2013, says real estate consultancy Jones Lang LaSalle. …

  • Lamborghini sees worldwide sales doubling by 2019 after SUV launch
    Lamborghini sees worldwide sales doubling by 2019 after SUV launch

    Luxury automaker Lamborghini expects to at least double production to 7,000 vehicles a year by 2019 once it rolls out a new SUV, but it will not lose its focus on making sports cars, Chief Executive Officer Stefano Domenicali said Tuesday. Domenicali told Reuters the company plans to cap yearly production of its supercars at 3,500. The Italian automaker is owned by Volkswagen Group (VOWG_p.DE) through its Audi unit. …

  • World Bank's Kim launches bid for second term as president
    World Bank's Kim launches bid for second term as president

    World Bank President Jim Yong Kim on Tuesday formally launched a bid for a second five-year term as head of the multilateral development lender, whose board pledged an "open, merit-based, and transparent" selection process. The notification typically kicks off a new selection process, and the bank said it would follow criteria adopted for the 2012 selection, when Kim was first appointed president. "I have informed the Dean of the Board that I would be honoured to be considered for a second …

DON'T MISS

  • Prabhu's rail reforms face extraordinary odds

    Fixing the Indian Railways won't be easy. It connects the entire country through 68,525 km of route track (in 2014), 12,961 passenger trains, and 8,637 freight trains. It also runs 125 hospitals, 586 polyclinics, ... …

  • Long road ahead for GST before implementation

    The tasks listed so far are the easier ones. The real challenge will be building a consensus on the model GST law and draft rules for Central GST, Integrated GST and State GST. …

  • Wake-up Call

    The book is a powerful reminder of the catastrophic implications of climate change that we have failed to grasp. …

  • Spammed!

    The thriving business of sending promotional SMSes and mails means the menace is unlikely to vanish. …

  • Home (Not So) Alone

    True to its name, Health Care at Home brings hospital care, ranging from injection to chemotherapy, to your doorstep. …

  • Picture Perfect

    Brands are now using image sharing platforms to woo consumers. …

  • Track 'Em Down

    A range of Bluetooth tags and GPS-enabled devices is making it impossible to lose things such as wallets, keys and luggage. Read on to know how to use them. …

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