Banks win more flexible Basel rules

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• Banks win more flexible Basel rules
• Assad in defiant mood rallies loyalists
• Hagel nomination expected this week
• Immigrants abandoning recession-hit Italy
• Turkey flexes economic muscle in Africa
• Bankruptcy regime for nations urged
• Berlusconi close to Northern League pact
• Islamic scholar urges Pakistan reforms
• France hints at lowering 75% tax rate
• Venezuelans contemplate life after Chávez

Banks win more flexible Basel rules Posted: 06 Jan 2013 10:03 AM PST Permission to count a wider range of assets toward requirements, including some equities and mortgage-backed securities

Assad in defiant mood rallies loyalists Posted: 06 Jan 2013 04:18 AM PST In his first speech to the nation for more than six months, the Syrian president calls for a 'full national mobilisation' to defeat rebels

Hagel nomination expected this week Posted: 06 Jan 2013 09:27 AM PST The former Republican senator is expected to be chosen as defence secretary despite a campaign against him over his past positions on Israel and Iran

Immigrants abandoning recession-hit Italy Posted: 06 Jan 2013 08:38 AM PST Chinese people leaving boarded-up shops in Rome are not the only ethnic group which has decided to move in search of greener pastures

Turkey flexes economic muscle in Africa Posted: 06 Jan 2013 10:06 AM PST Turkey pushed into Africa as it seeks economic and political influence over the continent while looking to diversify away from the European economy

Bankruptcy regime for nations urged Posted: 06 Jan 2013 11:58 AM PST Many say rulings against Argentina highlight the weakness of current approach to government debt workouts and urge revisiting IMF's 2002 proposal

Berlusconi close to Northern League pact Posted: 06 Jan 2013 12:06 PM PST Such an alliance would offer the potential to deny the centre-left Democrats a senate majority in Italy's general election scheduled for February

Islamic scholar urges Pakistan reforms Posted: 06 Jan 2013 08:55 AM PST Moderate calls for rule of law and taps into widespread frustration at the domination of the political scene by a small group of families

France hints at lowering 75% tax rate Posted: 06 Jan 2013 09:12 AM PST Struck-down supertax may return at lower threshold but last for the rest of its five-year mandate, not just the two years initially proposed

Venezuelans contemplate life after Chávez Posted: 06 Jan 2013 11:08 AM PST If the ailing leader is forced to relinquish power, all eyes will be on Nicolás Maduro, who was named heir to the so-called 'Bolivarian revolution'

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