Greece unveils draft budget for 2012

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• Greece unveils draft budget for 2012
• Dexia board considers break-up
• Spaniards pay price as cash flow dries up
• Fed easing fits awkwardly with policy logic
• India offers to train Afghan police
• Tensions grow in Gandhi-Singh partnership
• Pirates hijack Kenya tourism hopes
• Gloom prevails in manufacturing surveys
• Wily Yemeni leader offers only more misery
• Foreign companies face Arab spring fallout

Greece unveils draft budget for 2012 Posted: 03 Oct 2011 08:45 AM PDT Finance minister Evangelos Venizelos said this year's deficit could rise by another 0.5 percentage points unless revenue collection improved significantly

Dexia board considers break-up Posted: 03 Oct 2011 12:18 PM PDT People familiar with the talks said the group was looking a setting up a 'bad bank' to hold a portfolio of assets that has long been a burden to it

Spaniards pay price as cash flow dries up Posted: 03 Oct 2011 08:41 AM PDT More than three years into Europe's economic crisis, the town of Parla has run out of cash and credit – but it is far from alone

Fed easing fits awkwardly with policy logic Posted: 03 Oct 2011 12:49 PM PDT Framework for explaining policy is out of date and in danger of falling over completely under the strain of new policy innovations

India offers to train Afghan police Posted: 03 Oct 2011 10:55 AM PDT India has offered to train Afghan police to help them prevent future terrorist attacks in a move likely to be seen as highly provocative by Pakistan

Tensions grow in Gandhi-Singh partnership Posted: 03 Oct 2011 08:55 AM PDT One of the core differences between the two leaders is how best to improve the lives of some of the poor while maintaining high growth rates

Pirates hijack Kenya tourism hopes Posted: 03 Oct 2011 11:53 AM PDT Two attacks in three weeks have led to travellers being warned to stay away

Gloom prevails in manufacturing surveys Posted: 03 Oct 2011 11:13 AM PDT Manufacturing picked up in the US and UK last month while slowing in Asia and shrinking in the eurozone for a second consecutive month

Wily Yemeni leader offers only more misery Posted: 03 Oct 2011 05:44 AM PDT President Ali Abdullah Saleh is demonstrating extraordinary survival skills but his continuance in power is no answer to his country's woes

Foreign companies face Arab spring fallout Posted: 03 Oct 2011 05:57 AM PDT Groups with investments in countries where corrupt regimes have been ousted are having their stakes investigated and even confiscated

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