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Sunday, March 31, 2013

Scramble to find Cypriot cash escape route

Scramble to find Cypriot cash escape route

Scramble to find Cypriot cash escape route

Posted: 31 Mar 2013 10:28 AM PDT

At least three people have attempted to flee country in recent weeks with more than €200,000 in cash on their person, according to official sources

Emerging markets dump euro reserves

Posted: 31 Mar 2013 10:08 AM PDT

Sell-off highlights the damage Europe's sovereign debt crisis has done to the single currency's standing in the international financial system

US immigration bill moves step closer

Posted: 31 Mar 2013 09:06 AM PDT

The AFL-CIO union and Chamber of Commerce, with help of senators charged with crafting the bill, agree on new type of visa to overcome hurdle

Taiwan president warns on China spying

Posted: 31 Mar 2013 08:36 AM PDT

Chinese spying on Taiwan has intensified even as relations between Beijing and Taipei have improved, according to Taiwanese president Ma Ying-jeou

Abe needs to fix broken electoral system

Posted: 31 Mar 2013 08:46 AM PDT

Premier's embrace of a trade deal hated by Japanese farmers comes as the courts urge reform of a political structure skewed in favour of rural areas

Fears rise of growing Tunisian militancy

Posted: 31 Mar 2013 08:02 AM PDT

Population has long history of supporting pan-Arab movements. Some say high literacy levels contribute to participation by the marginalised

Obama seeks middle ground in budget plan

Posted: 31 Mar 2013 12:10 PM PDT

President's team has been weighing whether to propose cuts and reforms to health and pension programmes – at risk of alienating Democratic allies

Hollande fails to convince on economic policy

Posted: 31 Mar 2013 06:54 AM PDT

President fails to convince on the big economic issues: tax, the eurozone crisis, reducing the budget deficit and improving competitiveness

Dutch consensus for austerity starts to crack

Posted: 31 Mar 2013 11:48 AM PDT

Under the pressure of ever-worsening economic news, the Dutch are beginning to ask whether their government's austerity policies have been counterproductive

Perry under pressure to accept Obamacare

Posted: 31 Mar 2013 08:34 AM PDT

Texas governor's refusal to expand Medicaid would leave $100bn on table, causing his own party to ask for negotiations with Washington
Posted by Anonymous at 1:51 PM 0 comments

Saturday, March 30, 2013

Dubai exports horseracing nous to China

Dubai exports horseracing nous to China

Dubai exports horseracing nous to China

Posted: 29 Mar 2013 10:42 AM PDT

Host to the $10m Dubai World Cup teams up with government of Chengdu to help its Wenjiang district develop world class horse race meeting

Italy’s political talks enter critical stage

Posted: 29 Mar 2013 12:25 PM PDT

Giorgio Napolitano meets leaders of main parties, hoping to end the impasse before financial markets reopen next Tuesday after the Easter break.
Posted by Anonymous at 1:10 PM 0 comments

Friday, March 29, 2013

France misses 2012 deficit target

France misses 2012 deficit target

France misses 2012 deficit target

Posted: 29 Mar 2013 05:45 AM PDT

Shortfall underscores the severity of the challenge that Paris faces in meeting key commitments to European partners amid a difficult economic outlook

Sarkozy – from Elysée to private equity

Posted: 28 Mar 2013 01:26 PM PDT

Former French president, who has made no secret of his desire to make money after leaving office, is finding help exploring high finance from Qatar

Obama wins on gay rights but not on guns

Posted: 29 Mar 2013 10:36 AM PDT

The way that US public opinion has changed rapidly on gay rights but not on gun control highlights that the Newtown massacre was not a game-changer

Limassol fears for life after Russians

Posted: 29 Mar 2013 11:26 AM PDT

While a collective sigh of relief echoed across Cyprus on Thursday as the island's bailout was agreed, for Limassol the future is less certain

Portuguese decry TV role for former PM

Posted: 29 Mar 2013 08:33 AM PDT

Anti-austerity animosit ytowards the prime minister has been eclipsed by a wave of indignation over the return to public life of José Sócrates

Guantánamo hunger strike intensifies

Posted: 29 Mar 2013 09:31 AM PDT

Lawyers say hunger strikes among prisoners have been driven by the loss of political momentum for the Obama administration to shut the facility

US companies blame China for hacking

Posted: 29 Mar 2013 09:18 AM PDT

More than a quarter of US companies surveyed say they have had trade secrets stolen or compromised through cyber attacks on their China operations

Japan suffers decline in factory output

Posted: 28 Mar 2013 07:38 PM PDT

Data underscore the challenge facing new leadership as it attempts to deliver on its promise to escape from economic stagnation and deflation

Poll feud puts Kenyan democracy on trial

Posted: 29 Mar 2013 09:19 AM PDT

Supreme Court must rule on whether the shortcomings of presidential poll were grave enough to justify cancelling the results
Posted by Anonymous at 1:11 PM 0 comments

Thursday, March 28, 2013

Italy’s Democrats fail to form government

Italy’s Democrats fail to form government

Italy’s Democrats fail to form government

Posted: 28 Mar 2013 12:19 PM PDT

Pierluigi Bersani tells president he has 'not found a solution' after being handed task of mustering enough support for a new administration

Obama appeals for ‘common sense’ gun law

Posted: 28 Mar 2013 11:07 AM PDT

Surrounded by families affected by gun violence, the president expressed dismay that the bill might not pass through Congress

Mortars kill 10 at Damascus university

Posted: 28 Mar 2013 11:20 AM PDT

An architecture college near government buildings is hit in the latest in an increasing number of shellfire incidents in the Syrian capital

Angry Cypriots withdraw bank deposits

Posted: 28 Mar 2013 12:10 PM PDT

Country's banks reopen, after being closed for two weeks, albeit under strict capital controls that authorities hope will prevent a bank run

Cypriot businesses feel liquidity pinch

Posted: 28 Mar 2013 08:40 AM PDT

Many Cypriot businesses are finding it hard to pay bills and wages as capital controls come into effect to protest the nation's financial sector

US seeks cyber espionage crackdown

Posted: 28 Mar 2013 11:32 AM PDT

US looks for new measures to deter hackers but that will not cause broader damage to the economic and political relationship with China

UK security service appoints new head

Posted: 28 Mar 2013 10:44 AM PDT

Andrew Parker, currently deputy director-general, moves to top job, taking over from Sir Jonathan Evans who is stepping down after six years in post

Mandela hospitalised with lung infection

Posted: 28 Mar 2013 09:08 AM PDT

South Africa's revered former president, Nelson Mandela, is 'responding positively' after being hospitalised with a recurrence of a lung infection

OECD gloomy on eurozone recovery

Posted: 28 Mar 2013 03:33 AM PDT

The bloc's recovery is unlikely to be sustained until the second half of next year, the OECD warns in its interim economic forecast

US growth revised higher

Posted: 28 Mar 2013 06:20 AM PDT

The quarter was still dragged down by big falls in defence spending and business inventories, both of which analysts regard as temporary
Posted by Anonymous at 1:15 PM 0 comments

Wednesday, March 27, 2013

Cyprus imposes severe capital controls

Cyprus imposes severe capital controls

Cyprus imposes severe capital controls

Posted: 27 Mar 2013 01:34 PM PDT

Cypriot authorities announce limits on credit card transactions and money withdrawals as banks prepare to reopen for the first time in two weeks

Cyprus shows IMF hardening on Europe

Posted: 27 Mar 2013 09:45 AM PDT

The International Monetary Fund's relationship with the European Commission is under strain as the fund takes an increasingly tough line on rescues

Italy faces stalemate as talks crumble

Posted: 27 Mar 2013 05:21 AM PDT

Centre-left Democrats are unable to persuade the anti-establishment Five Star Movement to back their project to form a minority government

Malaysia PM faces test as tight poll looms

Posted: 27 Mar 2013 08:32 AM PDT

Najib Razak poised to call election that offers opposition its best ever chance of victory since the country gained independence from Britain in 1957

US judges sceptical of bar on gay marriage

Posted: 27 Mar 2013 11:46 AM PDT

All four liberal justices voice their concerns that the federal Defence of Marriage Act discriminates against legally married gay and lesbian couples

IMF signals push to scrap energy subsidies

Posted: 27 Mar 2013 11:14 AM PDT

Fund says fiscal woes could be largely overcome by lifting $2.4tn in global subsidies, suggesting higher fuel prices could become a central condition of IMF help

Nigeria hopes for railways’ resurrection

Posted: 27 Mar 2013 07:28 AM PDT

Resumption of service on Lagos-Kano line is first achievement of a multibillion dollar effort to revive railways in Africa's second-biggest economy

Hackers mount widespread cyber attack

Posted: 27 Mar 2013 12:40 PM PDT

The distributed denial of service bombardment, aimed at an anti-spam service in Europe, is reported to be so large it could slow down the internet

Iraq fears spread of Syrian violence

Posted: 27 Mar 2013 12:08 PM PDT

Sunni protests that are feeding on the fighting between the Assad regime and rebel forces could become all-out revolt, say officials in Baghdad

Obama’s digital team taps private sector

Posted: 27 Mar 2013 10:45 AM PDT

Strategists behind the 2012 presidential online campaign will create a rapid response team within Sir Martin Sorrell's advertising group
Posted by Anonymous at 1:46 PM 0 comments

Tuesday, March 26, 2013

Divided US court hears gay marriage case

Divided US court hears gay marriage case

Divided US court hears gay marriage case

Posted: 26 Mar 2013 05:33 AM PDT

US Supreme Court begins two days of landmark hearings on same-sex marriage amid seismic shift in public attitudes on the issue

Republicans must rethink gay marriage

Posted: 26 Mar 2013 10:10 AM PDT

With Republican support low, the issue has the potential to turn younger voters off the party for a generation and keep it out of the White House

Damage ripples through Cypriot economy

Posted: 26 Mar 2013 11:33 AM PDT

As Brussels heralds the bailout, the lack of credit is having severe repercussions on businesses, with banks not scheduled to open until Thursday

Online courses open doors for teenagers

Posted: 26 Mar 2013 11:38 AM PDT

Amol Bhave, 17, from Jabalpur, India, learnt he had been accepted to MIT in the US after scoring 97% on a massive online open course, or Mooc

Moscow renews crackdown on NGOs

Posted: 26 Mar 2013 11:45 AM PDT

Raids across Russia have targeted German groups for the first time, including one affiliated to chancellor Angela Merkel's Christian Democratic Union

US crackdown on Citi laundering flaws

Posted: 26 Mar 2013 11:05 AM PDT

Federal Reserve targeted the financial group's Banamex unit, Mexico's second-largest bank, ordering it to improve its compliance with anti-money laundering rules

Syrian opposition takes Arab League seat

Posted: 26 Mar 2013 05:20 AM PDT

Damascus cleric bids for international recognition in attempt to repair state of disarray the Syrian opponents of President Assad have descended into

Bank of Spain sees deeper gloom in 2013

Posted: 26 Mar 2013 04:15 AM PDT

The country's central bank forecasts that 2013 will be tougher than last year but that the economy will start to recover next year

Poland opens way to euro referendum

Posted: 26 Mar 2013 11:30 AM PDT

Tusk raises possibility of vote in return for an agreement with the opposition to push through necessary constitutional changes

Japan bond prices near all-time high

Posted: 26 Mar 2013 06:14 AM PDT

Bank of Japan's governor vows to broaden scale of asset purchases to reverse deflation, which this week is expected to show further deterioration
Posted by Anonymous at 1:17 PM 0 comments

Monday, March 25, 2013

Cyprus rescue signals new line on bailouts

Cyprus rescue signals new line on bailouts

Cyprus rescue signals new line on bailouts

Posted: 25 Mar 2013 10:58 AM PDT

Jeroen Dijsselbloem, president of the eurogroup of eurozone finance ministers, says private investors will have to bail out unsound banks

Six ways Cyprus has hurt the eurozone

Posted: 25 Mar 2013 07:50 AM PDT

The final Cyprus bailout has reversed some of the errors in the initial proposal but the chaotic process has left the eurozone's credibility harmed

Japan and EU to start talks on trade deal

Posted: 25 Mar 2013 10:07 AM PDT

Japan and the EU have agreed to open negotiations over a trade deal, as leaders on both sides seek to open their economies

China dragon blows hot and cold on Africa

Posted: 25 Mar 2013 08:32 AM PDT

African states juggle a balancing act engaging with the world's second-largest economy as China brings investment but competition as well

Dudley gives first hints of slowing QE3

Posted: 25 Mar 2013 10:03 AM PDT

The comments by a prominent dove on the rate-setting FOMC show that there is a consensus on tapering off the Fed's third round of quantitative easing

S Korea’s Park hit by sixth resignation

Posted: 25 Mar 2013 03:58 AM PDT

New president faces wave of criticism from the media and her own party after nominee to lead competition watchdog steps down

EU eases Zimbabwe sanctions

Posted: 25 Mar 2013 11:58 AM PDT

Move highlights belief Harare is progressing with political reform after country backed new constitution, but curbs on Mugabe and nine others remain

Saudis challenged by power of social media

Posted: 25 Mar 2013 05:57 AM PDT

Government crackdown on growing demand for reform is countered by activists using online protests to spread message and publicise their cause

South African troops killed in CAR fighting

Posted: 25 Mar 2013 10:55 AM PDT

At least 13 South African soldiers died after rebels seize power in the Central African Republic, which forced the president to flee into exile

Dead ducks in Chinese river raise concerns

Posted: 25 Mar 2013 05:25 AM PDT

China's floating pig crisis has spread to another species with reports that 1,000 rotten dead ducks have been found in a river in southwest China
Posted by Anonymous at 1:26 PM 0 comments

Sunday, March 24, 2013

Russians prepare to quit Cyprus

Russians prepare to quit Cyprus

Russians prepare to quit Cyprus

Posted: 24 Mar 2013 11:14 AM PDT

European bankers are lining up to assist Russians in their flight from the island in the hope that Cyprus's loss will be their gain

Musharraf returns to Pakistan amid threats

Posted: 24 Mar 2013 04:41 AM PDT

Former leader makes first step towards a political comeback by landing in Karachi on Sunday, ending five years of exile in London and Dubai

Syria war behind Lebanon’s latest crisis

Posted: 24 Mar 2013 09:52 AM PDT

PM's resignation was another alarming sign of the country's downward spiral, and the most powerful tremor to hit Lebanon from the civil war in Syria

Questions remain over death of Berezovsky

Posted: 24 Mar 2013 12:26 PM PDT

His demise at 67, like his life, may become cloaked in conspiracy theories, with some of the former oligarch's associates refusing to rule out foul play

Bloomberg funds $12m gun control ads

Posted: 24 Mar 2013 12:11 PM PDT

NRA hits back at 'insane' views of New York mayor as he bankrolls campaign in 13 states in support of gun control ahead of Congress debate

Congress weighs corporate debt tax reform

Posted: 24 Mar 2013 09:13 AM PDT

In a bid to reduce the bias in the tax code towards debt over equity, lawmakers are considering limiting the tax deductibility of interest payment

Head of Syrian opposition alliance quits

Posted: 24 Mar 2013 12:06 PM PDT

Resignation comes as activists from Bashar al-Assad's Alawite sect meet for the first time to make plain their hostility to the regime

Israel and Turkey eye ties on Syria

Posted: 24 Mar 2013 10:01 AM PDT

Netanyahu's apology to Ankara could lead to better co-operation over Syria conflict and possible energy deals in the eastern Mediterranean, say officials

Central African Republic leader flees

Posted: 24 Mar 2013 05:56 AM PDT

François Bozizé leaves the capital for an undisclosed location as the alliance of opposition forces calling for his resignation reaches the city

Americans await gay marriage rulings

Posted: 22 Mar 2013 11:16 AM PDT

As the US Supreme Court prepares to hear two critical cases, public attitudes to same-sex unions have shifted rapidly in favour of legalisation
Posted by Anonymous at 1:51 PM 0 comments

Saturday, March 23, 2013

Lebanon in crisis as prime minister quits

Lebanon in crisis as prime minister quits

Lebanon in crisis as prime minister quits

Posted: 22 Mar 2013 02:38 PM PDT

Mikati's resignation triggered by cabinet's failure to agree on a law governing elections and refusal to extend the appointment of a senior security chief

Cyprus laments end of way of life

Posted: 22 Mar 2013 01:38 PM PDT

Nicosia is a scene of modern financial panic, triggered by eurozone finance ministers' surprise decision to raid Cypriot bank deposits to pay for part of a bailout

Cyprus: A poor diagnosis, a bitter pill

Posted: 22 Mar 2013 12:33 PM PDT

EU officials underestimated the ties between the government and the island's banks, write Peter Spiegel, Kerin Hope and Quentin Peel

Obama urges Israelis and Palestinians to embrace

Posted: 22 Mar 2013 05:17 AM PDT

US president's speech to university students in which he urged them to embrace peace with the Palestinians receives warm notices from the media
Posted by Anonymous at 1:21 PM 0 comments

Friday, March 22, 2013

Israel sorry for Turkish flotilla attack

Israel sorry for Turkish flotilla attack

Israel sorry for Turkish flotilla attack

Posted: 22 Mar 2013 10:05 AM PDT

Apology was brokered by President Obama and surprised analysts who had believed the two leaders were not flexible enough to reach a solution

Cyprus and EU locked in bailout talks

Posted: 22 Mar 2013 10:33 AM PDT

European officials begin new talks with Cyprus after rejecting an alternative set of proposals to save the banking system and keep island in euro

Ex-Cyprus bank chief lashes out at Europe

Posted: 22 Mar 2013 06:19 AM PDT

Past governor who oversaw Cyprus's euro membership sees red at zone's 'cavalier attitude' to Cyprus, warning of European project 'crashing to earth'

Death toll rises in Myanmar violence

Posted: 22 Mar 2013 08:18 AM PDT

President declares state of emergency, thousands of minority Muslims flee and overwhelmed riot police criss-cross ruined streets of still-burning city

Elite Russians adopt the staycation habit

Posted: 22 Mar 2013 11:02 AM PDT

Travel restrictions imposed by the west – and patriotism – mean many look for holiday destinations inside the country's boundaries

Lebanon PM resigns after cabinet deadlock

Posted: 22 Mar 2013 01:16 PM PDT

Hezbollah and its allies opposed the formation of a supervisory body to oversee a parliamentary election which is due in June

Sarkozy case caps week of political drama

Posted: 22 Mar 2013 10:57 AM PDT

Shocks for both the centre-right struggling to find its feet after losing the presidency and the ruling Socialists sagging under the burden of an ailing economy

Chinese gear up for number plate auction

Posted: 22 Mar 2013 06:49 AM PDT

Rationing has driven prices up so that a Shanghai plate costs nearly three times as much as a cheap Chinese car – but traffic congestion persists

Italian marines return to India for trial

Posted: 22 Mar 2013 08:05 AM PDT

Rome sends two Italian marines accused of killing two fisherman back to India to face trial, a climbdown that eases a bitter diplomatic row
Posted by Anonymous at 1:24 PM 0 comments
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