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Articles: 99 | Blogs: 7
Eldest son says Ceausescu fooled by advisers
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BUCHAREST, Romania — The late communist dictator Nicolae Ceausescu was deceived by his advisers and still believed Romanians adored him hours before his overthrow, his only surviving child said Wednesday in a rare interview two
Articles: 59 | Blogs: 6
IMF approves 1.2 billion dollar aid for Pakistan
Washington, Dec. 24 (ANI) : In an effort to bail out Pakistan's sluggish economy, the International Monetary Fund (IMF) has approved an aid of 1.2 billion dollars for the troubled country.
An official at the Pakistan Embassy in Washington said that the
Articles: 40 | Blogs: 2
Ukraine facing 'serious problems' paying for gas, says Gazprom
MOSCOW: The head of Russian gas giant Gazprom said Friday that Ukraine had cut back on purchases of Russian gas since mid-December and appeared to be facing serious cash problems.
"Ukraine is experiencing serious problems with payment," Alexei Miller
Articles: 21 | Blogs: 1
China raises '08 GDP growth figures to 9.6%, nearing Japan
China raised its 2008 growth estimate to 9.6 percent from 9 percent and said this year's quarterly figures will increase, narrowing the gap with Japan, the world's second-biggest economy.
Gross domestic product was 31.405 trillion yuan (US$4.6
Articles: 53 | Blogs: 1
Stocks higher? Famed investor says don't bet on it
"We're on a sugar high," El-Erian says. "It feels good for a while but is unsustainable."
His point: This burst of economic activity fed by government spending and near-zero interest rates will soon peter out.
As CEO at Newport Beach, Calif.-based
Articles: 53 | Blogs: 11
Sharif asks Zardari to appear before Swiss court
Washington, Dec. 28 (ANI): Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif has asked President Asif Ali Zardari to appear before the Swiss court to clear his name.
In a TV interview, Sharif advised all NRO beneficiaries, including Zardari, to
Articles: 67 | Blogs: 9
A look at economic developments around the globe
A look at economic developments and activity in major stock markets around the world Tuesday:
PARIS - European stock markets moved higher as investors continued to book modest gains amid thin volume on the back of satisfying holiday sales in the U.S.
Articles: 69 | Blogs: 8
Iceland braces for Icesave bank vote
ICELAND braced for a knife-edge vote in parliament overnight to compensate Britain and the Netherlands for a bank failure, as the Government threatened to resign if the bill is not approved.
The bill is a key obstacle in Iceland's bid to join the
Articles: 87 | Blogs: 6
Iceland approves Icesave compensation
ICELAND parliament's today approved paying nearly 4 billion euros ($6.42 billion) to Britain and the Netherlands, which had compensated more than 320,000 of their savers in a failed Icelandic bank.
Although the measure has stirred up resentment among
Articles: 48 | Blogs: 5
Act now or face a decade of decline, warns economist
• Prof David Bell: An increasing supply of labour will cut costs around the world, which would be 'bad news for Scotland'
Writing for The Scotsman, Professor David Bell of Stirling University, who advises the Scottish Parliament's finance committee,
Articles: 38 | Blogs: 7
China tips 9.5pc growth in 2010
CHINA'S economy is expected to grow 9.5 per cent this year, according to state media, exceeding forecasts made by outside experts for the new year.
The world's third-largest economy would be boosted by double-digit growth in real estate investment and
Articles: 41 | Blogs: 6
David Ignatius: Don't follow California's path to ruin
The U.S. economy survived the traumas of 2009, thanks to good policy and good luck. What worries me, looking ahead, is what might be called the "Californiaization" of America the growing tendency of our political system to make promises in social
Articles: 91 | Blogs: 19
Former IMF Economist Is Sought in Shooting of Former Coworker
Jan. 4 (Bloomberg) -- A former International Monetary Fund economist is being sought on charges of attempted murder in the October shooting of another IMF employee, police in Montgomery County, Maryland, said today.
Police obtained an arrest warrant
Articles: 110 | Blogs: 24
Iceland leader rejects UK, Dutch compensation bill
REYKJAVIK, Jan 5 (Reuters) – Iceland’s president refused to sign a bill to repay Britain and the Netherlands more than $5 billion for money lost by their savers when its banks collapsed, calling for a referendum and sparking a political
Articles: 106 | Blogs: 15
Iceland leader rejects UK, Dutch compensation Bill
Iceland's president rejected a Bill to repay Britain and The Netherlands more than $5-billion their savers lost when Icelandic banks collapsed, forcing a referendum on the issue and threatening vital economic aid.
President Olafur Grimsson's
Articles: 69 | Blogs: 6
Dubai downturn sends ripples throughout Arab world
Even before Dubai's financial crisis, the sheikdom's growing economic woes had begun rippling out across the Arab world, forcing workers like Tamimi back to their home countries, where jobs are scarce and wages often rock bottom. That is eating away
Articles: 66 | Blogs: 4
Icelandic parliament takes up bill to hold referendum on payments to Britain and Netherlands
That set off a diplomatic clash with Britain and jeopardized crucial bailout funds promised by the International Monetary Fund and Nordic countries.
Britain has since backed away from claims that Iceland would become an international pariah and Norway
Articles: 22 | Blogs: 2
Iceland passes referendum bill
The government was forced into organising the vote after Iceland's President Olafur Grimsson refused to sign legislation on the repayment into law.
That set off a diplomatic clash with Britain and jeopardised crucial bailout funds promised by the
Articles: 14 | Blogs: 0
Book review: Economic crises historically share some traits
The people of Scotland are legendary for their tight-fistedness. They'll "bargain and argue with you to the last," industrialist Andrew Carnegie once said.
So if anyone could resist the charms of a charlatan like "General Sir" Gregor MacGregor, it
Articles: 39 | Blogs: 5
A look at economic developments around the globe
The dispute focuses on a three-year tariff approved in September by President Barack Obama, which aims to slow China's rapid export growth and protect American jobs in the tire sector.
It is the latest in a series of trade battles over subjects
Articles: 54 | Blogs: 4
Iceland holds talks to avoid referendum on debt
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LONDON — The Icelandic government held emergency talks Tuesday to come up with an agreement on repaying British and Dutch investors $5.7 billion so it can avoid a divisive referendum on the issue.
A spokesman for Icelandic Prime
Articles: 122 | Blogs: 22
World Bank to provide Haiti aid worth $100 million
If you have relatives that you've spoken to in Haiti or have information to share, we'd like to hear from you. Contact Troncone@northjersey.com or Sforza@northjersey.com
WASHINGTON — The World Bank says it will provide $100 million in emergency aid
Articles: 179 | Blogs: 18
European Central Bank to keep rates unchanged
Greece shocked bond markets and other EU governments in October when it announced that its 2009 deficit would be 12.5 percent of gross domestic product, far above the 3.7 percent it estimated the previous spring. The report from the European
Articles: 227 | Blogs: 27
UK teams search for quake survivors
Around 50,000 people are feared dead after Tuesday's earthquake, with millions more injured, orphaned or homeless in the stricken Caribbean country.
Disasters Emergency Committee (DEC) launched television and radio appeals for donations but agencies
Articles: 42 | Blogs: 11
UN launches $550 million appeal for Haiti aid
UNITED NATIONS (AP) - The United Nations said Friday about a third of the buildings inHaiti's capital have been damaged or destroyed, and appealed for $550 million to help three million people badly affected by the earthquake.
U.N. humanitarian chief
Articles: 43 | Blogs: 6
Crisis shows eurozone's vulnerabilities
(AP) â The euro is in a rough spot. And it could be there for years.The economic and financial crisis has ballooned budget deficits in Greece, Ireland and several other member countries â exposing one of the underlying vulnerabilities of Europe 's
Articles: 268 | Blogs: 21
IMF chief: global recovery stronger than expected
TOKYO (AP) - The head of the IMF said China and other developing Asian economies are leading a global recovery that is faster and stronger than expected, but warned that money rushing into emerging markets could lead to asset bubbles.
Dominique Strauss-
Articles: 147 | Blogs: 22
Global recovery stronger than expected, IMF chief says
TOKYO — The head of the IMF said China and other developing Asian economies are leading a global recovery that is faster and stronger than expected, but he warned that money rushing into emerging markets could lead to asset bubbles.
Dominique
Articles: 133 | Blogs: 18
Global Growth to Exceed 3% in 2010: IMF Chief
The global economy is recovering more strongly than expected and the projected growth rate for 2010 is likely to beat the forecast 3 percent, Dominique Strauss-Kahn, head of the International Monetary Fund, said on Wednesday.
However he said recovery
Articles: 198 | Blogs: 23
China's economy may overtake US by 2020
CHINA could overtake the US to become the world's largest economy as early as 2020, a top business consultancy said overnight, underlining the "seismic change" in global economic power.
PriceWaterhouseCoopers also said in its report that by 2030 the
Articles: 131 | Blogs: 13
Angolan president to be picked by parliament
LUANDA, Angola - Angola's president would no longer be directly elected by the people under a new constitution approved by parliament.
Critics say giving parliament the power to name the president will only further entrench President Eduardo Dos Santos,
Articles: 38 | Blogs: 6
Anand Sharma pins hopes on concluding Doha Round
CHENNAI:
CII's two day 16th partnership summit (which was shifted from Hyderabad) began
in Chennai on Saturday under the theme, " global partnerships: Meeting
challenges, with participation of delegates from 22 countries.
Speakers stressed the need
Articles: 47 | Blogs: 8
Britain to exit recession, but faces bleak recovery
AFP - An end to Britain's longest recession on record will likely be confirmed this week but recovery for the debt-ridden nation -- facing an election this year -- will be far from smooth, economists warned.
The Office for National Statistics will on
Articles: 203 | Blogs: 24
Minister says 'never again' to bank bail-outs
The peer will host a meeting in London of the world's biggest economies and international financial regulators today to discuss measures to prevent future excesses in the banking industry.
The seminar at 11 Downing Street will be attended by officials
Articles: 289 | Blogs: 21
IMF: Global economy recovering but stimulus needed
WASHINGTON (AP) - The world economy is recovering at a healthy pace but still needs government stimulus efforts to keep it going, the International Monetary Fund said Tuesday.
The IMF raised its forecast for world economic growth in 2010 to nearly 4
Articles: 306 | Blogs: 15
IMF, EU to unfreeze Romania bailout
The International Monetary Fund and the European Commission said they were likely to unfreeze a multibillion dollar loan to Romania after the parliament pledged to curb its budget deficit.
A joint euro20 billion bailout from the IMF, EU and World Bank
Articles: 161 | Blogs: 15
Bid to tempt fighters away from Taliban with jobs on agenda as conference meets to discuss future of Afghanistan
Bid to tempt fighters away from Taliban with jobs on agenda as conference meets to discuss future of Afghanistan Jan 28 2010 A BID to lure Taliban fighters away from the insurgency with job offers will be high on the agenda when up to 70 countries meet
Articles: 165 | Blogs: 14
Honduras' new gov't finds nation 'bankrupt'
Chong said the already impoverished country was bankrupt following months of isolation and cutoffs of international aid prompted by the coup that ousted President Manuel Zelaya in a political fight over changing the constitution. Zelaya gave up his
Articles: 99 | Blogs: 7
State debt 'biggest problem' of coming years: IMF chief
DAVOS,
Switzerland: IMF Chief Dominique Strauss-Kahn said Saturday that state debt will
be the "biggest problem" for the world economy in coming years and some
countries will need seven years to fix their
finances.
"The fiscal
sustainability problem
Articles: 140 | Blogs: 7
Formula shows why it's so hard to cut jobless rate
Most analysts say economic activity will slow to 2.5 percent or 3 percent growth for the current quarter as the benefits fade from government stimulus efforts and from companies drawing down less of their stockpiles.
That's why the Federal Reserve and
Articles: 131 | Blogs: 18
Cutting jobless rate by even 1 point will be difficult this year
WASHINGTON — The economy's 5.7 percent growth last quarter — the fastest pace since 2003 — was a step toward shrinking the nation's 10 percent unemployment rate.
There's just one problem: Growth would have to equal 5 percent for all of 2010 just to
Articles: 69 | Blogs: 12
India, Germany discuss anti-terror pact, focus on economic ties (Lead)
India and Germany Tuesday held talks to add more economic heft to their bilateral ties and discussed enhanced security cooperation in combating global terrorism.
Prime Minister Manmohan Singh held talks with visiting German President Horst Koehler on a
Articles: 45 | Blogs: 1
EU backs Greek plan to cut debt
Greece's debt crisis has alarmed bond markets and rocked the credibility of the European Union's shared currency - causing the euro to slide against the U.S. dollar in recent weeks and Greece to pay higher spreads on borrowing as investors see more
Articles: 62 | Blogs: 10
IMF Chief Says May Quit Early; Eyes French Politics?
Dominique Strauss-Kahn, the French politician who heads the International Monetary Fund, said on Thursday he might cut short his mandate, stoking speculation that he wants to run in France's 2012 presidential election.
His term as managing director of
Articles: 70 | Blogs: 6
Financial turmoil strikes as G-7 works for unity
Global financial leaders gathering in a frigid Canadian town confronted more market turmoil Friday as a British official said he's afraid they're losing the unity that helped them overcome last year's near meltdown.
On one immediate challenge, Treasury
Articles: 59 | Blogs: 1
A glance at Haiti 25 days after catastrophic quake
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A look at the latest developments from Haiti on Saturday, 25 days after a 7.0-magnitude earthquake devastated the capital, Port-au-Prince:
Ten Americans facing child kidnapping charges remained jailed in Port-au-Prince. Their Haitian
Articles: 73 | Blogs: 2
Arctic meeting a turning point for G-7
A meeting of finance officials from the Group of Seven leading industrialised countries in this tiny Arctic outpost certainly lived up to host Canada's billing as a gathering with a difference.
Ditching suits and ties, finance ministers and banking
Articles: 94 | Blogs: 5
Europe could face years-long debt grind
Greece's efforts to restore confidence in its finances have only called attention to its woes, and now investors are fretting debt contagion could spread to other countries, starting with similarly troubled Portugal, but with markets wondering who's
Articles: 100 | Blogs: 6
E.U. Bank Says Cannot Bailout Greece
BRUSSELS --
The European Union's government-backed lender said Tuesday that it cannot bail out Greece or any other European country that can't pay its debts.
The European Investment Bank said in a statement that it could "only finance economically
Articles: 82 | Blogs: 3
Obama on CEO bonuses: He doesn't 'begrudge' wealth
The full interview will not appear until Friday. But the White House, eager to defend the president's remarks, issued a transcript Wednesday of the exchange over bank compensation.
Dimon received a $17 million bonus and Blankfein received $9 million.
Articles: 137 | Blogs: 6
Why politics trumps economic logic as Greek tragedy unfolds
The EU crisis shows the need for some form of economic government with fiscal powers, writes Edmund Conway.
Pigs are dispensable; or, at least, so says Britain's Ministry of Defence, which this week owned up to detonating more than 100 of the
Articles: 95 | Blogs: 2
Greek PM says EU took too long to show support
ATHENS, Greece -- Greek Prime Minister George Papandreou on Friday criticized the European Union as "timid" and too slow to express unified support for his country during its financial crisis, a day after Greece won backing - but no detailed bailout
Articles: 26 | Blogs: 4
Europes economic recovery slows down
Saturday, February 13, 2010
BRUSSELS: Europes economic recovery has stalled, new data out on Friday showed, with the heavyweight German economy slowing to a halt in the fourth quarter of 2009 and Italy switching back to contraction.
Economic growth
Articles: 110 | Blogs: 6
National Business News: Top economists call for rapid deficit cut
A group of leading economists is warning that the Government was putting Britain’s economic recovery at risk without a "credible" plan for cutting its massive budget deficit.
An array of eminent academics and policy-makers put their names to an open
Articles: 82 | Blogs: 6
Germany rejects European fund for Greece
BERLIN — Germany rejects the idea of setting up a special fund to bail out eurozone countries, like Greece, that run into fiscal trouble because budgetary problems must be solved at the root, the Finance Ministry said Monday.
Spokesman Michael Offer
Articles: 94 | Blogs: 9
Juncker Says ‘Absurd’ to Talk of IMF Aid for Greece (Update1)
(Adds Juncker comments on the U.S. in eighth paragraph.)
Feb. 16 (Bloomberg) -- Luxembourg’s Jean-Claude Juncker, who heads the group of euro-area finance ministers, said it was “absurd” to suggest Greece would seek financial help from the
Articles: 60 | Blogs: 2
Grim news for the Scottish economy as 10,000 more people find themselves out of work
UNEMPLOYMENT in Scotland has risen again, with figures today revealing 10,000 more people joined the dole queue in the last three months.
The jobless total now stands at 206,000 - an increase of 65,000 from a year ago.
And the number of people who are
Articles: 140 | Blogs: 6
The European Bosses Are Ready To Crucify Goldman For Their Sins
LONDON (AP) — The practice wasn't secret and it wasn't illegal, and some of it happened 10 or 15 years ago. But the practice of European governments reportedly using complex financial transactions to move debt off their books is getting closer
Articles: 52 | Blogs: 3
Ukraine Court Readies for PM's Appeal Against Poll
KIEV (Reuters) - Several hundred supporters of Ukrainian President-elect Viktor Yanukovich gathered on Friday outside a Kiev high court where Prime Minister Yulia Tymoshenko's challenge to his election was set to be heard. Yanukovich, 59, is due to be
Articles: 39 | Blogs: 3
Mugabe defends business take overs
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HARARE, Zimbabwe President Robert Mugabe defended a law requiring Zimbabwean businesses to be controlled by blacks, underlining differences with his governing partners in an interview Saturday.
Mugabe's governing partner, Prime
Articles: 33 | Blogs: 0
Ukraine's Yanukovich narrows down search for PM
KIEV - The parliamentary party of Ukrainian President elect Viktor Yanukovich has narrowed down the search for a new prime minister to three candidates, two from outside its ranks, a party source told Reuters on Sunday.
Yanukovich's Regions Party is
Articles: 82 | Blogs: 1
Greece says EU lacks leadership in crisis
A lack of leadership within the European Union has worsened Greece's financial crisis by failing to calm market fears the country might default on its massive debt load, the Greek deputy prime minister said Monday.
Theodoros Pangalos said EU leaders
Articles: 72 | Blogs: 8
Finance Minister Shaukat Tarin to resign: officials
KARACHI: Pakistani Finance Minister Shaukat Tarin is stepping down to focus on his private banking interests, government officials said on Tuesday.
Tarin, who negotiated an International Monetary Fund (IMF) loan in 2008, was not immediately available
Articles: 124 | Blogs: 7
Clashes break out at Greek crisis protests
ATHENS, Greece — Police fired tear gas and clashed with demonstrators in Athens after some 50,000 people finished a peaceful march against cutbacks intended to fix the country’s debt crisis.
The violence lasted about 30 minutes, when scores of youths
Articles: 147 | Blogs: 7
European Union pushes cuts for indebted countries
Europe is barely expanding, with only 0.1 percent growth in the fourth quarter in the 16 countries that use the euro, leaving a renewed slide into recession impossible to rule out. And the recession is still on in several countries facing the cuts
Articles: 159 | Blogs: 7
Tajikistan to vote in parliamentary election
The vote will almost surely strengthen President Emomali Rakhmon's nearly two-decade grip on power. Rakhmon, in office since 1992, runs Tajikistan with a heavy hand and the government is frequently criticized abroad for human rights violations and
Articles: 32 | Blogs: 3
Jane Fields: Mugabe celebrates 86th birthday, but how much longer can the party go on?
Mr Mugabe, who turned 86 on 21 February, and China's youthful-looking envoy Xin Shunkang were shown smiling at the party on the front page of the official Herald newspaper.
"Ours has grown into a really solid relationship," Mr Mugabe gushed. "We
Articles: 18 | Blogs: 1
Chile races to find quake survivors
Chilean rescue teams are racing to find survivors in mountains of rubble after one of the biggest earthquakes on record killed more than 700 people and left scores trapped in ruined buildings.
With aftershocks still rattling the shaken country - around
Articles: 126 | Blogs: 5
EU, Greece discuss more cuts amid bailout reports
ATHENS, Greece — The EU’s financial affairs chief pressed Greece hard Monday to make more painful, permanent budget cuts soon, as markets speculated that the bloc or heavyweights France and Germany are preparing a financial lifeline to get the country
Articles: 74 | Blogs: 6
Iceland Hopes For Deal In Deposit Dispute
REYKJAVIK, Iceland --
Icelandic Prime Minister Johanna Sigurdardottir said Tuesday she hopes to reach a deal in the next couple of days over the controversial payment of $5.7 billion to Britain and the Netherlands for deposits lost when the country's
Articles: 163 | Blogs: 6
Greece woos markets with $6.5B austerity plan
(AP) â With creditors demanding solutions to the Greek debt crisis and the financial world increasingly on edge, Athens on Wednesday froze pensions, cut civil service salaries and slapped new taxes on everything from cigarettes and alcohol to fuel and
Articles: 171 | Blogs: 3
EU wary of Greece seeking IMF help
BERLIN — Who's afraid of the IMF? Greece is betting that the major European Union powers just might be.
Greek motorcycle policemen lean on their bikes in central Syntagma Square as a banner reading "Rise up, so the Measures do not Pass" is seen hanging
Articles: 198 | Blogs: 3
Iceland To Vote On Icesave Compensation - 'The Payback Scheme Is Blackmail'
SPIEGEL ONLINE: Mr. Eliasson, you and your group Indefence have
forced a referendum on the law which would require Iceland to pay back
€3.9 billion to reimburse 340,000 Britons and Dutch who lost their
savings when the online bank Icesave
Articles: 150 | Blogs: 0
Iceland braces for consequences of Icesave vote
REYKJAVIK, Iceland (AP) - Economically struggling Icelanders resentful of international pressure were expected to vote down a $5.3 billion plan Saturday to pay off Britain and Holland for the debt spawned by the collapse of an internet bank.
A "no"
Articles: 94 | Blogs: 4
Sarkozy offers Greek support but no new measures
French President Nicolas Sarkozy offered Greece "resolute" European support Sunday and vowed to wage a determined fight to deter speculation against the euro.
After meeting with the French leader, Greek Prime Minister George Papandreou expressed
Articles: 262 | Blogs: 18
International Monetary Fund suggests how to raise climate change funds
NAIROBI, Kenya — The head of the International Monetary Fund on Monday proposed a plan for the world's governments to pool together to raise money needed to adapt to climate change, a rare step for an organization that normally does not develop
Articles: 171 | Blogs: 8
US dollar stable as markets weigh IMF-style European fund
NEW YORK: The US dollar was barely lower against the euro Monday as sentiment for the single European unit was dampened by doubts over an IMF-style European fund to aid crisis-hit EU nations.
The euro fetched 1.3631 dollars in New York around 2200 GMT
Articles: 82 | Blogs: 10
Turkey, IMF end loan talks
Turkey says it and the International Monetary Fund have mutually agreed to call off talks for a loan.
Prime Minister Recep Tayyip Erdogan said Wednesday that Turkey and the IMF failed to reach an agreement over some of the fund's stringent
Articles: 153 | Blogs: 7
Greek Youths Revolt over Economic Crisis
(AP) Serious street clashes erupted between rioting youths and police in central Athens Thursday as tens of thousands demonstrated during a nationwide strike against the cash-strapped government's austerity measures.
Hundreds of masked and hooded
Articles: 104 | Blogs: 6
German minister: EMF aid would come with a price
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BERLIN -- Germany's finance minister says a proposed European Monetary Fund could grant troubled countries emergency aid but only under strict conditions and with a "prohibitive price tag."
Wolfgang Schaeuble wrote in Friday's
Articles: 32 | Blogs: 8
EU ready to assist Greece, considering options
BRUSSELS—The EU has developed a set of options to help Greece overcome its financial crisis, which has unsettled the euro currency and markets globally, officials said Saturday.
But Athens will have to arrange for possible loan guarantees with
Articles: 37 | Blogs: 5
More cracks in the eurozone despite likely deal for Greece
Demonstrators clash with riot police in front of the Greek parliament in Athens
Photo: AFP/GETTY
Wolfgang Shauble, Germany's finance minister, has been the most vociferous so far in suggesting a totally new deal for the euro
Photo: REX
But the
Articles: 143 | Blogs: 14
EU finance ministers talk help for Greece
Greece says it is only looking for "political" support — a pledge of aid should it be faced with default — instead of an immediate cash handout.
It needs to borrow euro54 billion ($74 billion) this year — euro20 billion of that in April and May — to
Articles: 123 | Blogs: 13
Financial reform efforts pit US against Europe
The global proposals are clashing on several levels. Among the differences:
- The Obama administration wants to restrict banks' size and ability to take risk. European officials have called that plan unworkable in a region with roughly 40 cross-border
Articles: 276 | Blogs: 6
Greece: may turn to IMF if EU fails to deliver
ATHENS, Greece—Greece could seek IMF funding to help overcome its debt crisis, if its EU partners do not provide "clear support" next week, a government spokesman said Wednesday.
George Petalotis said the March 25-26 European Union summit on how to
Articles: 447 | Blogs: 26
US ambassador urges disputes with China be separated from co-operation on international issues
A group of American lawmakers wrote to President Barack Obama this week urging him to press Beijing to loosen controls. The U.S. Treasury has the option of declaring Beijing a currency manipulator in a report due out in April, which could set the stage
Articles: 564 | Blogs: 18
Stock watch: March 19, 2010
Stock futures traded in a narrow range Friday, a day after the Dow Jones industrial average finished higher for an eighth straight day.
Overseas markets gained, despite renewed concerns about economic troubles in Greece. The country says it might need
Articles: 179 | Blogs: 16
Cameron to pledge tax on banks
David Cameron will commit the Tories to a new tax on banks today as both main
parties battle to convince voters they would claw back billions of pounds
from the sector.
The Opposition leader will say the US-style measure is needed to ensure
taxpayers
Articles: 169 | Blogs: 8
IMF paints grim picture of fiscal tightening needs
John Lipsky, first deputy manager of the International Monetary Fund (IMF), speaks at the Stanford Institute for Economic Policy Research at Stanford University in Palo Alto, California March 12, 2010.
BEIJING (Reuters) - Developed countries with big
Articles: 11 | Blogs: 3
Yuan in global FX reserves as soon as 2025: c.banker poll
The poll of reserve managers from 43 central banks also revealed a renewed respect for gold as a reserve asset and store of value with more than half saying official attitudes to the precious metal had changed resulting from its price rise and high