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Monday, October 31, 2011

Yen move takes G20 by surprise

Yen move takes G20 by surprise

Yen move takes G20 by surprise

Posted: 31 Oct 2011 11:30 AM PDT

Sign that governments such as Japan's place little faith in the ability of the multilateral body to address pressure on currencies

Pakistan ends IMF loan deal amid dispute

Posted: 31 Oct 2011 08:28 AM PDT

Finance minister said IMF demands had become too tough and government would instead press ahead with homegrown fiscal reform programme

Cain denies sexual harassment allegations

Posted: 31 Oct 2011 09:56 AM PDT

A leading Republican candidate has denied claims of sexual harassment against at least two female employees while he was head of a lobby group

Greece calls referendum on EU bail-out

Posted: 31 Oct 2011 12:28 PM PDT

Premier's move reinforces fears that fraught domestic politics are spiralling out of control amid popular anger over public sector job cuts

China struggles to stay on the right path

Posted: 31 Oct 2011 10:32 AM PDT

In talking about culture, the Communist party's central committee is really summarising its most important policy goal: keeping itself in control

OECD urges co-ordination to avoid recession

Posted: 31 Oct 2011 03:18 AM PDT

OECD urges countries to adopt a co-ordinated strategy to boost growth as the eurozone sovereign debt crisis hits confidence

Obama uses orders to bypass Congress

Posted: 31 Oct 2011 10:08 AM PDT

The president has issued executive orders tackling everything from student loans and house financing to support for research and development

Portugal seeks flexibility on bail-out

Posted: 31 Oct 2011 08:03 AM PDT

Portugal is to ask the EU and IMF for changes to its €78bn financial rescue agreement to help lift the country's debt-stricken economy out of recession

Thai PM warns flood impact to last three months

Posted: 31 Oct 2011 09:27 AM PDT

Yingluck Shinawatra hopes industrial estates will recover within three months as efforts to divert water away from Bangkok prove successful

ILO warns of ‘deeper jobs recession’

Posted: 30 Oct 2011 04:03 PM PDT

The International Labour Organisation says the world economy faces a big fall in employment unless government programmes support job creation
Posted by Anonymous at 1:14 PM 0 comments

Sunday, October 30, 2011

Japan’s plain man looks to rebuild

Japan’s plain man looks to rebuild

Japan’s plain man looks to rebuild

Posted: 30 Oct 2011 09:55 AM PDT

Determination to set country back on a course to fiscal sustainability priority for former finance minister now sixth premier in five years

Business to press for G20 unity

Posted: 30 Oct 2011 12:23 PM PDT

'It is very dangerous for business, economy and democracy ... if all these countries are not able to find common way' - Laurence Parisot, Medef

Palestine statehood fight goes to Unesco

Posted: 30 Oct 2011 10:35 AM PDT

UN body set to vote on membership bid as US and European officials appeal to Mahmoud Abbas to call off or postpone the move

Air carbon permit  fight escalates

Posted: 30 Oct 2011 09:43 AM PDT

The battle against the European Union's plans to charge the world's biggest airlines for their carbon pollution is poised to escalate this week

Canton trade fair defies economic gloom

Posted: 30 Oct 2011 09:22 AM PDT

Exporters remain upbeat on prospects and dismiss threat of competition from countries with lower labour costs

Argentines face tighter forex controls

Posted: 30 Oct 2011 10:07 AM PDT

Measures include authorising dollar purchases and stating its purpose, amid fears of a weakening peso and reduction in bank lending

Eta ends its war, but nationalism lives on

Posted: 30 Oct 2011 08:46 AM PDT

Radical Basque nationalist allies show the way forward is though the ballot box – and that violence could block more gains

Kyrgyzstan polls pit reformers against nationalists

Posted: 30 Oct 2011 10:23 AM PDT

The people of Kyrgyzstan went to the polls on Sunday to vote in the first general election since Kurmanbek Bakiyev was overthrown last year
Posted by Anonymous at 1:26 PM 0 comments

Saturday, October 29, 2011

Deal widens Paris-Berlin divisions

Deal widens Paris-Berlin divisions

Deal widens Paris-Berlin divisions

Posted: 28 Oct 2011 11:53 AM PDT

Sharp differences in economic and political cultures have become more intense as the eurozone debt crisis has worsened

Sarkozy tells French to be like Germans

Posted: 28 Oct 2011 01:18 PM PDT

With polls looming, the president has chosen an austerity platform, saying: 'We have to reduce our deficit, repay our debts and work harder'

Kabul bomber kills US soldiers

Posted: 29 Oct 2011 11:20 AM PDT

Suicide bomber kills troops and contractors in one of the deadliest attacks against Nato-led forces

China names new financial regulators

Posted: 29 Oct 2011 09:35 AM PDT

China has names new heads to three top financial regulatory posts, the first big step in a handover that will culminate when its top political leaders retire

Germany €55bn richer after error at Hypo ‘bad bank’

Posted: 29 Oct 2011 07:48 AM PDT

Germany is €55.5bn richer than it thought due to an accountancy error at the 'bad bank' of nationalised mortgage lender Hypo Real Estate
Posted by Anonymous at 1:16 PM 0 comments

Friday, October 28, 2011

Italy gives EU a post-party hangover

Italy gives EU a post-party hangover

Italy gives EU a post-party hangover

Posted: 28 Oct 2011 10:54 AM PDT

Bond yield rise shows worrying sign summit measures have failed to regain the confidence of key financial markets

EFSF head optimistic of China’s support

Posted: 28 Oct 2011 02:26 AM PDT

The chief of the eurozone rescue fund is in Beijing to sell China on contributing to a beefed-up cash pool for beleaguered European nations

German court delays EFSF expansion

Posted: 28 Oct 2011 07:06 AM PDT

Constitutional court throws spanner in the works of the eurozone rescue fund, issuing injunction requiring parliament to approve bond-buying

Spanish unemployment nears 5m

Posted: 28 Oct 2011 04:24 AM PDT

Spanish unemployment climbs to nearly 5m – 21.5% of the workforce, underlining the gravity of the country's economic crisis

Thai anger at government flood response

Posted: 28 Oct 2011 10:34 AM PDT

Health risks are growing for people without electricity, drinking water or easy access to food as president delays asking for international help

US consumer spending rise outpaces income

Posted: 28 Oct 2011 08:17 AM PDT

People's expenditure grew in September, although concerns remained that the increase was powered by diminished personal savings

Obama takes risky stance against the rich

Posted: 28 Oct 2011 09:42 AM PDT

White House flirts with echoes of the Great Depression, emboldened by changing public opinion and the 'Occupy Wall Street' protests

Goldman proud to bring yuppies to Harlem

Posted: 28 Oct 2011 10:44 AM PDT

Feared trading house has had to become cuddlier since becoming a bank holding company, pouring funds into regenerating deprived areas

Soldiers curb unrest in Chinese factory town

Posted: 28 Oct 2011 08:53 AM PDT

Security forces are patrolling the streets of an eastern township after tax increases provoked hundreds of hard-pressed workers to riot

Court tries to get Gaddafi son to surrender

Posted: 28 Oct 2011 09:27 AM PDT

The ICC is in contact with the fugitive Seif and has vowed to block any attempt by him to seek refuge in a country not party to its jurisdiction
Posted by Anonymous at 1:30 PM 0 comments

Thursday, October 27, 2011

China could play key role in EU rescue

China could play key role in EU rescue

China could play key role in EU rescue

Posted: 27 Oct 2011 10:48 AM PDT

Contribution would depend on contributions from other countries and strong guarantees on safety of its investment, say officials

The devil in the details and the data

Posted: 27 Oct 2011 11:17 AM PDT

Potentially most uncertain element is deal struck with Greek bondholders for them to take a 50% cut in the face value of their bonds

Markets find eurozone deal short on detail

Posted: 27 Oct 2011 09:44 AM PDT

If markets follow the pattern of previous big European meetings since the first Greek bail-out in May 2010, the coming days are likely to bring a return to pessimism after the initial surge in share prices

US economic growth accelerates to 2.5%

Posted: 27 Oct 2011 11:41 AM PDT

Data confirm expectations that the world's largest economy has improved from the 1.3 per cent growth rate posted in the second quarter

China’s high-speed rail plans falter

Posted: 27 Oct 2011 08:54 AM PDT

China has slammed the brakes on investment following the fatal crash in July – and the industry is desperate for such programmes to be revived

Somalian militants call for ‘huge blow’ against Kenya

Posted: 27 Oct 2011 08:10 AM PDT

Rebels linked to al-Qaeda have called on sympathisers to wage war in their first statement since grenade attacks on Nairobi this week

Bangkok evacuates as flooding fears rise

Posted: 27 Oct 2011 01:49 AM PDT

Thai authorities order evacuation as floods threaten capital while banks and financial markets remain open during a special five-day holiday

ANC youth call for mines takeover

Posted: 27 Oct 2011 10:42 AM PDT

Firebrand Julius Malema has led thousands of marchers in Johannesburg demanding 'economic freedom' in a protest against unemployment an inequality

Noda warned that trade deal could split DPJ

Posted: 27 Oct 2011 03:49 AM PDT

A former Japanese agricultural minister has warned that the ruling DPJ could split and the government fall if Tokyo decides to join trade talks

Protesters seek to create structure amid chaos

Posted: 27 Oct 2011 09:05 AM PDT

Reaching an agreement on demonstrators' demands is likely to be difficult as organisers balance structure with a decentralised ideal
Posted by Anonymous at 1:11 PM 0 comments

Wednesday, October 26, 2011

EU bids to slash Greek debt by third

EU bids to slash Greek debt by third

EU bids to slash Greek debt by third

Posted: 26 Oct 2011 12:21 PM PDT

Leaders struggle to pin down details of the private sector's contribution to stabilising Athens, moves needed for a comprehensive deal

German parliament backs Merkel on crisis talks

Posted: 26 Oct 2011 08:00 AM PDT

The Bundestag votes resoundingly in favour of the chancellor to negotiate eurozone crisis measures in Brussels

Germany and Spain pitch to soften bank plans

Posted: 26 Oct 2011 11:46 AM PDT

Berlin and Madrid press for a broader range of capital to be counted towards the 'temporary buffer' for banks

High fertility impedes growth, says UN

Posted: 26 Oct 2011 09:21 AM PDT

Continued high fertility in sub-Saharan Africa and southern Asia is impeding economic development and perpetuating poverty, the UN warns

Fed to wrestle with communication policy

Posted: 26 Oct 2011 10:16 AM PDT

Central bank to debate setting more detailed objectives, such as inflation goals or pledge to act when unemployment falls to set levels

US businesses boost capital spending

Posted: 26 Oct 2011 07:44 AM PDT

US companies spent more on durable goods in September in a continued sign that the manufacturing sector drove economic growth in the third quarter

China tightens grip on social media with detentions

Posted: 26 Oct 2011 07:00 AM PDT

Beijing has started a systematic crackdown on unruly internet users with an announcement two people had been detained

Chinese investment in Europe set to surge

Posted: 26 Oct 2011 09:28 AM PDT

Beijing could invest up to $1,000bn abroad between now and 2020, with much of it destined for the EU, according to a new study

Foreign investors look to US property

Posted: 26 Oct 2011 07:50 AM PDT

Foreign capital has piled into multi-family apartment blocks and residential homes in the past year

Arab states’ debt favoured over Europe’s worst

Posted: 26 Oct 2011 04:47 AM PDT

Credit default swaps show that Egypt and Tunisia are viewed as less risky in repayment terms than Portugal and Ireland
Posted by Anonymous at 1:52 PM 0 comments

Tuesday, October 25, 2011

Berlusconi fights to save coalition

Berlusconi fights to save coalition

Berlusconi fights to save coalition

Posted: 25 Oct 2011 10:39 AM PDT

Silvio Berlusconi's centre-right coalition government appears in danger of collapsing over EU demands for economic reform

Fears euro summit could miss final deal

Posted: 25 Oct 2011 11:45 AM PDT

Eurozone leaders are struggling to reach agreement on a much-anticipated deal to reverse their spiralling debt crisis

Israel backs prisoner exchange with Cairo

Posted: 25 Oct 2011 08:55 AM PDT

The Israeli government voted to back a prisoner exchange deal with Egypt that will see the release of a US-Israeli citizen arrested as a suspected spy in Cairo. In return, Israel will free 25 Egyptian citizens held in Israeli prisons

Nahda to reach out to Tunisian secular rivals

Posted: 25 Oct 2011 10:19 AM PDT

In first free vote of Arab spring, Islamist party repressed for decades by ousted Ben Ali regime claimed absolute majority on constituent assembly

Trade talks offer leadership test for Noda

Posted: 25 Oct 2011 10:16 AM PDT

Regional trade pact has awarded Yosihiko Noda the perfect opportunity to show the kind of decisive leadership that has been so sorely lacking

Obama loses magic for young voters

Posted: 25 Oct 2011 10:17 AM PDT

President faces a challenge to reinvigorate younger supporters, admitting that the next election 'will not be as sexy as the first one'

Questions grow over Gaddafi killing

Posted: 25 Oct 2011 08:05 AM PDT

Libyan officials said that Col Muammer Gaddafi, along with his son Mutassim and defence minister, were buried at dawn in an unmarked grave outside the city of Misurata

Surge of support for Irish ‘dragon’

Posted: 25 Oct 2011 04:01 AM PDT

Businessman Sean Gallagher has 40% support in the latest presidential poll. The election is being held alongside a referendum to amend the country's constitution

Doubts over Abu Dhabi museums project

Posted: 25 Oct 2011 08:41 AM PDT

Emirate's plans to build branches of the Guggenheim, Louvre and two others are hit by spending review and delay to key construction contract

Gloom holds back US economy

Posted: 25 Oct 2011 10:44 AM PDT

Fresh data on weakening US consumer confidence and falling home prices on Tuesday pointed to continuing difficulties in the world's largest economy
Posted by Anonymous at 1:16 PM 0 comments

Monday, October 24, 2011

Moderate Islamists ahead in Tunisia poll

Moderate Islamists ahead in Tunisia poll

Moderate Islamists ahead in Tunisia poll

Posted: 24 Oct 2011 10:39 AM PDT

A moderate Islamist party is on track to be the largest political force in Tunisia's new assembly after a historic election

Berlusconi faces the ultimate downgrade

Posted: 24 Oct 2011 10:15 AM PDT

Mocked by fellow leaders over his handling of the sovereign debt crisis, the Italian PM is running out of time to come up with a convincing plan

Hard line adopted on Greek debt loss

Posted: 24 Oct 2011 11:15 AM PDT

European negotiators have asked Greek debt holders to accept a 60 per cent cut in the face value of their bonds

Libya’s NTC under fire over killings

Posted: 24 Oct 2011 09:58 AM PDT

Libya's council came under mounting pressure after a human rights group said it had discovered the bodies of 53 pro-Gaddafi loyalists

Thai floods reach northern Bangkok

Posted: 24 Oct 2011 08:40 AM PDT

Thailand's worst floods in 50 years have reached the capital, as the torrent threatens to engulf Thailand's political heart

China jails two officials for leaking data

Posted: 24 Oct 2011 08:24 AM PDT

Economists fear that the harsh sentences imposed and use of state secrets laws may threaten economic transparency and debate

Twin grenade attacks in Nairobi

Posted: 24 Oct 2011 11:30 AM PDT

At least one person has been killed and 23 injured in attacks in the Kenyan capital, raising fears that militants are targeting the country

Zuma fires ministers in graft scandals

Posted: 24 Oct 2011 11:50 AM PDT

Move by president follows weeks of pressure to take decisive action against officials amid a perception of corruption

Turbulence forecast for victorious Fernández

Posted: 24 Oct 2011 10:29 AM PDT

Argentina's freshly re-elected president faces a peso problem and analysts say that doing nothing is not an option

Indian workers demand greater rewards

Posted: 24 Oct 2011 06:31 AM PDT

Unrest at a Maruti Suzuki car plant at Manesar near Delhi reflects the growing anger of workers who feel they are not sharing in India's prosperity
Posted by Anonymous at 1:23 PM 0 comments

Sunday, October 23, 2011

Tunisia votes in Arab spring’s first poll

Tunisia votes in Arab spring’s first poll

Tunisia votes in Arab spring’s first poll

Posted: 23 Oct 2011 12:43 PM PDT

Long queues formed outside polling stations with the moderate Islamist party Nahda expected to get the largest share of the vote

Perry to pin his hopes on ‘flat tax’

Posted: 23 Oct 2011 08:13 AM PDT

Texas governor will try to make up for lost time with a high-stakes fiscal policy proposal that could define his White House campaign

Pressure on Italy in eurozone struggle

Posted: 23 Oct 2011 11:15 AM PDT

Germany and France have turned on Italy to demand further action to boost growth and reduce its huge debt

Powerful earthquakes rocks eastern Turkey

Posted: 23 Oct 2011 12:47 PM PDT

A 7.2 magnitude earthquake strikes in eastern Turkey killing more than 70 people with fears the death toll could be as high as 1,000

Iran moves to impeach economy minister

Posted: 23 Oct 2011 10:33 AM PDT

Decision on alleged $2.8bn scandal openly displays increasing divisions between the president and supporters of Ayatollah Ali Khamenei

US to assist Kenya’s fight against al-Shabaab

Posted: 23 Oct 2011 10:02 AM PDT

The US is discussing with Kenya how it might offer military and financial aid in the fight against al-Qaeda-linked militants in Somalia

NY protest lures broad array of activists

Posted: 23 Oct 2011 11:15 AM PDT

Occupy Wall Street's success in capturing international attention has made Zuccotti Park in New York a magnet for an array of activists wanting to air a variety of grievances

Saudi stability marks death of crown prince

Posted: 23 Oct 2011 10:46 AM PDT

The death of Crown Prince Sultan bin Abdelaziz is not likely to affect the continuity or stability of the world's biggest oil exporter

Clinton warns Iran over expanding influence

Posted: 23 Oct 2011 10:48 AM PDT

The US secretary of state warned Iran about trying to expand its influence in Iraq when the US military pulls out at the end of the year
Posted by Anonymous at 1:33 PM 0 comments

Saturday, October 22, 2011

Blair works on makeover for Kazakhstan

Blair works on makeover for Kazakhstan

Blair works on makeover for Kazakhstan

Posted: 21 Oct 2011 01:43 PM PDT

The former UK leader and other New Labour figures are advising the authoritarian Central Asian regime on image and economic reform

Soaring prices push Queen close to ‘fuel poverty’

Posted: 21 Oct 2011 01:30 PM PDT

With royal income frozen, the rise in energy bills takes the monarch close to the government's threshold for the percentage spent on heating

Bondholders demand Greek growth plan

Posted: 22 Oct 2011 08:50 AM PDT

Bondholders prepared to take higher losses on their Greek debt but no closer to a deal with European governments

Sick economy takes toll on Californians

Posted: 21 Oct 2011 08:32 AM PDT

Demand for basic medical care in the state soars, with more than 2.2m people in Los Angeles County alone uninsured
Posted by Anonymous at 1:20 PM 0 comments
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