Obama's spending outpace its fundraising

Note: This section contains information in English only.
Source: CNBC
During last month, Obama spent almost $59 million through his main campaign account, what is $10 million more than he raised. The existing president has already spent $325 million, while President Bush has spent only $205.4 million in the 2004 election. By contrast, republican Mitt Romney fundraised by $25 million more, while spent only $165.3 million through his main campaign account.
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Wed, 22 Aug 2012 20:01:03 GMT

Greece asks for more time to complete reforms

Greece's Prime Minister Antonis Samaras wants international lenders to give Greece more time to implement reforms and cuts that have been demanded as a condition for financial aid. The "troika" is to decide, whether Greece is to receive its next tranche worth 31.5bn euros in order to stay in the Eurozone and avoid default or not.

Thu, 23 Aug 2012 15:08:34 GMT

Inflation in South Africa decelerated strongly in July

The inflation in South Africa slowed more-than-expected in July, and speculations grew that nation's policy makers may cut the benchmark interest rate already for a second time in this year. The South African inflation rate reached a fourteen-month low, at a 4.9 per cent level, down from 5.5 per cent in the previous month.

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