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Thursday, October 31, 2013

ECB faces pressure to cut interest rates

ECB faces pressure to cut interest rates

ECB faces pressure to cut interest rates

Posted: 31 Oct 2013 09:32 AM PDT

Germany hits back over jibe from US Treasury that lays blame for deflationary trends at Berlin's door as eurozone inflation slows to 0.7%

Approval for Obama sinks amid setbacks

Posted: 31 Oct 2013 11:14 AM PDT

President's slide in poll parallels the growing unpopularity of Congress amid a debilitating clash over the budget and a scandal over US intelligence

Iraq to rebuild Sunni militias

Posted: 31 Oct 2013 07:29 AM PDT

Prime minister Nouri al-Maliki arrives in Washington on Friday to invigorate American support for troubled government and speed up delivery of weaponry

Tensions over BoJ stimulus resurface

Posted: 31 Oct 2013 07:05 AM PDT

Disagreements within the central bank continue, as three of its nine board members reiterate their objections to growth and price forecasts

Mozambique security concerns mount

Posted: 31 Oct 2013 10:19 AM PDT

While analysts believe the country is unlikely to slide back into conflict, the stakes are high for the fast-growing economy

Mexico gears up for energy reform

Posted: 31 Oct 2013 04:33 AM PDT

Plans would allow foreign investment into the sector – a major change of direction for a country that kicked out oil multinationals in 1938

IMF says Africa at risk of financial shocks

Posted: 31 Oct 2013 04:20 AM PDT

Twice yearly review of the region comes as African frontier markets like Nigeria and Kenya fret about the side-effects of tighter monetary policy in the US

Deficit fears cast a shadow on Ghana

Posted: 31 Oct 2013 03:43 AM PDT

Nearly three years after the start of oil production, which was meant to further strengthen the fiscal position, the economy is looking vulnerable

Syria chemical equipment ‘destroyed’

Posted: 31 Oct 2013 02:49 AM PDT

Chemical watchdog says Damascus has destroyed all its declared chemical weapons production and mixing facilities, meeting a disarmament deadline

Serbia champions new pro-EU strongman

Posted: 31 Oct 2013 01:39 AM PDT

Serbia's deputy prime minister has emerged since general elections last year as the country's most powerful and highest-rated politician
Posted by Anonymous at 1:09 PM 0 comments

Wednesday, October 30, 2013

Sebelius vows health site fix by November

Sebelius vows health site fix by November

Sebelius vows health site fix by November

Posted: 30 Oct 2013 11:54 AM PDT

Sparks flew early in the highly anticipated hearing before the House of Representatives committee over the botched rollout of new insurance programme

Obamacare critics given new line of attack

Posted: 30 Oct 2013 12:01 PM PDT

US president claims everyone who wants to keep existing coverage can do so, but the law has also imposed new minimum standards on health plans

Greenland PM eyes independence

Posted: 30 Oct 2013 11:41 AM PDT

Prime Minister Aleqa Hammond believes lifting ban on mining uranium will help reduce Greenland's economic and political reliance on Denmark

France rejects US spying denial

Posted: 30 Oct 2013 11:55 AM PDT

Spain and France seek to play down any alleged involvement in US government spying activities following testimony by General Keith Alexander

China set to supply US nuclear plant parts

Posted: 30 Oct 2013 07:30 AM PDT

Joint venture between Westinghouse and SNPTC is part of a bilateral co-operation agreement, and could lead to them tendering for a UK project

Fed stays the course on bond buying

Posted: 30 Oct 2013 11:07 AM PDT

Federal Open Market Committee statement suggests a slowing of asset purchases in December or January is still under consideration

Beijing police confirm ‘terrorist attack’

Posted: 30 Oct 2013 05:18 AM PDT

Police say Monday's attack was carried out by a family of three who all died in the car crash and hold a further five people accused of involvement

Japan moves closer to Fukushima takeover

Posted: 30 Oct 2013 04:39 AM PDT

Influential panel of ruling LDP is proposing the government nationalise the nuclear clean-up operation at Japan's stricken Fukushima facility

UN urges new plan on teenage pregnancy

Posted: 30 Oct 2013 04:26 AM PDT

Survey finds each day about 20,000 under 18s, most in the developing world, give birth and that the under 15s make up more than a quarter of new mums

Egypt arrests Muslim Brotherhood leader

Posted: 30 Oct 2013 01:17 AM PDT

Essam El-Erian, the party's fugitive deputy leader, is detained in the latest arrest in a government crackdown against the Islamist movement
Posted by Anonymous at 1:05 PM 0 comments

Tuesday, October 29, 2013

Washington turns on itself over spy row

Washington turns on itself over spy row

Washington turns on itself over spy row

Posted: 29 Oct 2013 11:30 AM PDT

People connected to intelligence community push back on idea White House did not know NSA was sometimes intercepting foreign leaders' communications

US budget Q&A: What lies ahead?

Posted: 29 Oct 2013 10:11 AM PDT

Bipartisan group must reconcile the vastly different budget proposals produced in the Democrat-controlled Senate and the Republican-controlled House

Finland strengthens links with Russia

Posted: 29 Oct 2013 07:23 AM PDT

Prime minister keen to encourage Russian trade and investment, but many Finns are concerned at the increasing economic ties between the two countries

Congolese army close to victory

Posted: 29 Oct 2013 10:38 AM PDT

Emergence of new rebel movement underlines that while Congo's army may have won battle against M23 rebel movement, a broader solution remains elusive

French revolt forces new tax climbdown

Posted: 29 Oct 2013 10:06 AM PDT

Ecotax suspended after demonstrations by farmers, food industry, transport and other businesses in Brittany culminated in clashes with police

Russia warns Ukraine on gas supplies

Posted: 29 Oct 2013 10:26 AM PDT

Gazprom warns cash-strapped Kiev it must rapidly pay off $900m overdue bill or face shift to prepayment for future supplies

Navalny hit with fresh theft charge

Posted: 29 Oct 2013 11:53 AM PDT

The charges of embezzlement and money laundering appear to signal a continuing tug-of-war over the opposition leader's fate within the political elite

WTO rules against China on rare earths

Posted: 29 Oct 2013 10:24 AM PDT

The case, brought by Japan, the US and Europe, came after a rise in tensions between China and Japan in 2010 highlighted China's control of the trade

Egypt TV satirist attacked for barbs

Posted: 29 Oct 2013 06:31 AM PDT

Bassem Youssef's taboo-shattering show, in his return to the airwaves after a four-month hiatus, is likely to go down in annals of Arab television

India raises rates to combat inflation

Posted: 29 Oct 2013 04:31 AM PDT

Business groups express dismay as the Reserve Bank of India raises its key interest rate 25bp to 7.75% amid concerns for inflation
Posted by Anonymous at 1:15 PM 0 comments

Monday, October 28, 2013

US asks whether allies’ spy fury is real

US asks whether allies’ spy fury is real

US asks whether allies’ spy fury is real

Posted: 28 Oct 2013 11:32 AM PDT

Some in Washington see European complaints as hypocritical and designed to gain an upper hand in broader negotiations about data sharing

Peronists battle as Fernández is crushed

Posted: 28 Oct 2013 11:36 AM PDT

Rivals vie for power after President Cristina Fernández leads Peronists to limp midterm results leaving herself with too few votes to allow herself to run for a third term

China-Japan tensions mount over Senkaku

Posted: 28 Oct 2013 06:23 AM PDT

Ties have been tense since Tokyo bought three Senkaku Islands from private owners. Tensions flared again as Japan scrambled fighter jets to shadow Chinese jets in area

Briton charged with hacking US government

Posted: 28 Oct 2013 08:44 AM PDT

Lauri Love and three unnamed co-conspirators allegedly broke into thousands of computer systems to steal 'massive quantities' of confidential data

Iran tries to lure back western oil groups

Posted: 28 Oct 2013 12:38 PM PDT

Tehran plans to soften the terms it offers international companies as part of a charm offensive by President Hassan Rouhani

Libya instability fuels EU migrant fears

Posted: 28 Oct 2013 07:29 AM PDT

A massive influx of sub-Saharan African immigrants could wreak havoc on domestic politics, with several anti-EU parties looking to exploit immigration policies

Cosatu crisis exacerbates S Africa woes

Posted: 28 Oct 2013 08:12 AM PDT

Zwelinzima Vavi's suspension over a sex scandal has exacerbated divisions within Cosatu, which could have ramifications for the ANC and industry

Eurozone budget leniency criticised

Posted: 28 Oct 2013 10:51 AM PDT

Eurozone countries should be given more time to bring budgets into line only if they agree to structural reforms, says Dutch minister

Thailand defends rice subsidy scheme

Posted: 28 Oct 2013 08:05 AM PDT

Finance minister says rice-buying programme can continue indefinitely even though its multibillion-dollar cost is undermining economic confidence

Polish post-communist leader dies

Posted: 28 Oct 2013 08:31 AM PDT

Tadeusz Mazowiecki, the Catholic intellectual and dissident who led postwar Poland's first non-communist government and helped set off change across central Europe
Posted by Anonymous at 1:39 PM 0 comments

Sunday, October 27, 2013

Merkel’s phone ‘tapped by US since 2002’

Merkel’s phone ‘tapped by US since 2002’

Merkel’s phone ‘tapped by US since 2002’

Posted: 27 Oct 2013 10:07 AM PDT

The German chancellor's mobile was monitored for more than a decade, from before she became chancellor until this June, Der Spiegel has reported

Obama mounts big push to boost FDI in US

Posted: 27 Oct 2013 10:21 AM PDT

President's pitch reflects growing realisation in Washington that case for investing in world's biggest economy is no longer self-evident

Saakashvili likely to face probe, says PM

Posted: 27 Oct 2013 09:31 AM PDT

Bidzina Ivanishvili thinks it 'highly probable' that outgoing president Mikheil Saakashvili will be interrogated, a move likely to worry the EU and US

Noyer warns against ‘Robin Hood’ tax

Posted: 27 Oct 2013 05:15 AM PDT

French governments have been among those pushing hardest for a Europe-wide levy but President Hollande has sought to water down the proposals

Japan scrambles jets amid China dispute

Posted: 27 Oct 2013 03:40 AM PDT

Japan has scrambled jets for a third consecutive day amid warnings from Prime Minister Shinzo Abe that Tokyo will not 'tolerate' changing the regional status quo by force, seen as an implicit criticism of Beijing

China nuclear subs ‘gallop to depths of ocean’

Posted: 27 Oct 2013 11:28 AM PDT

Chinese navy has in recent years increased in assertiveness as it has enhanced its capabilities

Baghdad car bombs kill 39

Posted: 27 Oct 2013 02:34 AM PDT

Shia neighbourhoods in the Iraqi capital are the target for blasts that bring the death toll from such attacks in October to more than 500

Bombs kill five in Indian poll violence

Posted: 27 Oct 2013 11:22 AM PDT

Attacks in Patna, before a rally addressed by prime ministerial candidate Narendra Modi, have raised fears over election campaign bloodshed

Democrat ahead in Virginia governor race

Posted: 27 Oct 2013 12:53 PM PDT

The Clinton fundraiser Terry McAuliffe has been helped by a backlash against the Tea Party movement and by the two-week government shutdown

Algerian leader’s party backs fourth term

Posted: 27 Oct 2013 12:14 PM PDT

The National Liberation Front appears to be gauging the ailing president's chances in elections next April – testing reaction at home and abroad
Posted by Anonymous at 1:29 PM 0 comments

Saturday, October 26, 2013

Fed tightens security around data release

Fed tightens security around data release

Fed tightens security around data release

Posted: 25 Oct 2013 04:06 PM PDT

Changes highlight how government is responding to rise of high-speed electronic markets with traders competing for millisecond advantages to get news
Posted by Anonymous at 1:24 PM 0 comments

Friday, October 25, 2013

Victory for tech giants on EU data laws

Victory for tech giants on EU data laws

Victory for tech giants on EU data laws

Posted: 25 Oct 2013 11:57 AM PDT

Delay on new rules at peak of scandal, with US accused of snooping on European citizens and leaders, seen as huge blow to stricter privacy protection

Merkel eyes German place in US spy club

Posted: 25 Oct 2013 09:56 AM PDT

Chancellor says she does not know details of 'five eyes' deal between anglophone states but 'we need something clear-cut in . . . spirit of alliance'

Paul seeks hold on Yellen nomination

Posted: 25 Oct 2013 10:15 AM PDT

Rand Paul, the Tea Party-backed senator, says he wants to place a hold on Janet Yellen's nomination as Fed chair

Cruz sets sights on 2016 presidential run

Posted: 25 Oct 2013 08:09 AM PDT

Senator envisages bypassing Republican leadership, with support of grassroots and a wealthy donor base that backs the Tea Party

Iran’s middle class pushed towards poverty

Posted: 25 Oct 2013 09:39 AM PDT

High inflation and declining currency leave many people pinning their hopes on reform efforts instigated by Hassan Rouhani, the new president

Saudis get jitters over women drivers

Posted: 25 Oct 2013 06:14 AM PDT

Popular backing for event to challenge ban on women drivers unnerves Riyadh amid fears campaign's success could embolden other activists

Juncker exit marks end of truly European career

Posted: 25 Oct 2013 11:42 AM PDT

The EU's longest-serving leader's acid wit, negotiating skills and deep devotion to European unity gave him a prominence far out of proportion to the size of his native Luxembourg

China court throws out Bo Xilai appeal

Posted: 24 Oct 2013 10:33 PM PDT

The disgraced politician will have to serve a life sentence handed down in August for accepting bribes, embezzling state funds and abuse of power

Saakashvili era ends with Georgia poll

Posted: 25 Oct 2013 07:37 AM PDT

The Georgian president has served the final year of his second term in a turbulent cohabitation with Bidzina Ivanishvili as premier

Malaysian PM ushers in 6% sales tax

Posted: 25 Oct 2013 06:45 AM PDT

Najib Razak also plans to cut income tax for small- and medium-sized enterprises from 20% to 19% from 2016 and raise cash handouts to the poor
Posted by Anonymous at 1:42 PM 0 comments

Thursday, October 24, 2013

Khodorkovsky warns crisis ‘inevitable’

Khodorkovsky warns crisis ‘inevitable’

Khodorkovsky warns crisis ‘inevitable’

Posted: 24 Oct 2013 11:42 AM PDT

Ex-oligarch warns continuation of civil clampdown and Putin's return as president last year could eventually lead to a new explosion

Carney buries predecessor’s liquidity policies

Posted: 24 Oct 2013 12:21 PM PDT

Governor announces dramatic easing of central bank's attitude towards financial companies with funding difficulties, in contrast to predecessor

Merkel floats US privacy deal on spying

Posted: 24 Oct 2013 12:13 PM PDT

Allegations the US listened into Chancellor Angela Merkel's phone calls is likely to make data protection reform the centrepiece of an EU summit

Lew holds out olive branch on budget

Posted: 24 Oct 2013 11:46 AM PDT

A bipartisan budget conference charged with hammering out a compromise in Congress by December 13 is set to meet for the first time next week

French football clubs strike over 75% tax

Posted: 24 Oct 2013 08:40 AM PDT

All league matches scheduled for the last weekend of November have been cancelled in protest against President François Hollande's policy

Old Grangemouth wound threatens to reopen

Posted: 24 Oct 2013 07:20 AM PDT

A report by the plant's owner is due to be published on Stevie Deans, an employee and union official accused of 'inappropriate' actions

Czech left heads for election victory

Posted: 24 Oct 2013 06:47 AM PDT

Though the Social Democrats are ahead in the polls an outright majority win looks unlikely, pointing to co-operation with the Communist party

Fed proposes new bank liquidity rules

Posted: 24 Oct 2013 07:03 AM PDT

US banking sector would have to implement liquidity requirements, aimed at helping it withstand a credit crunch, two years before Basel III

Call for companies to cut links to Israeli settlements

Posted: 24 Oct 2013 11:51 AM PDT

Palestinian Authority writes to 50 countries reminding them that companies are investing in settlements that are illegal under international law

Ireland moves softly, softly on tax

Posted: 24 Oct 2013 08:26 AM PDT

Ireland moves to close legal loophole preventing Irish registered companies from remaining 'stateless' for tax purposes
Posted by Anonymous at 1:08 PM 0 comments

Wednesday, October 23, 2013

White House denies Merkel phone spying claims

White House denies Merkel phone spying claims

White House denies Merkel phone spying claims

Posted: 23 Oct 2013 12:06 PM PDT

White House denies the US had access to Angela Merkel's phone calls, rekindling debate in Germany about the NSA's reported mass surveillance in Europe

Chinese newspaper takes on the police

Posted: 23 Oct 2013 06:33 AM PDT

In what is seen as an unusual example of mainland media taking 'overt' action, a front-page editorial calls for the release of detained reporter

Greece halts state funding to Golden Dawn

Posted: 23 Oct 2013 01:52 AM PDT

Legislation to suspend funds approved by 235 lawmakers in 300-member house with 34 abstentions. Golden Dawn deputies had walked out

Pope suspends German ‘bishop of bling’

Posted: 23 Oct 2013 09:04 AM PDT

Catholic bishop of Limburg ordered by pontiff to leave diocese pending outcome of audit into costs of a multimillion-euro episcopal residence

Berlusconi faces new trial

Posted: 23 Oct 2013 11:43 AM PDT

Judge authorises indictment of leader of Italy's main centre-right party on charges related to payments made to senator to help bring down Prodi administration

Scarce supply drives up Myanmar property

Posted: 23 Oct 2013 08:26 AM PDT

Research from estate agency shows Yangon had passed Singapore's office rental rates of $74/sq m by the first quarter of this year

Britain and France clash over regulation

Posted: 23 Oct 2013 05:44 AM PDT

Paris sees risk in dismantling European social protections while London urges more aggressive action as position papers circulate before talks

Spain emerges from two-year recession

Posted: 23 Oct 2013 08:26 AM PDT

Spain's GDP rises 0.1% in the third quarter – a tiny improvement but a keenly awaited shift after nine quarters of declining output

Roma case exposes Greek registry flaws

Posted: 23 Oct 2013 07:15 AM PDT

Mayor of Athens calls in state auditors to examine registry's books after noting a jump in the number of births recorded without supporting documents

China and India agree border pact

Posted: 23 Oct 2013 04:33 AM PDT

Emerging nations strike agreement to ease tensions along 4,000km disputed Himalayan border after series of incidents soured relations
Posted by Anonymous at 1:09 PM 0 comments

Tuesday, October 22, 2013

ESB case highlights Irish pension crisis

ESB case highlights Irish pension crisis

ESB case highlights Irish pension crisis

Posted: 22 Oct 2013 07:26 AM PDT

ESB case reflects wider malaise in pensions sector, where the financial crisis and a history of weak regulation have led to big deficits in schemes

Carney pushes ahead with BoE review

Posted: 22 Oct 2013 04:36 AM PDT

Bank declines to reveal the cost of the consultancy contracts. Move runs contrary to government's ambition to slash spending on consultants

ECB unveils checks on way to banking union

Posted: 22 Oct 2013 10:30 AM PDT

The ECB's three sets of checks together form the basis upon which it may demand specific recapitalisations of individual banks next autumn

Major urges windfall tax on energy groups

Posted: 22 Oct 2013 10:55 AM PDT

Ex-premier says it is 'unacceptable' for power companies to raise prices up to 10%, leaving some people with choice between eating and heating homes

US jobs report shows sluggish growth

Posted: 22 Oct 2013 09:57 AM PDT

Bond yields fell sharply after weak jobs growth of 148,000 in September led investors to predict more asset purchases by the Federal Reserve

China cities lose out in pollution fight

Posted: 22 Oct 2013 06:20 AM PDT

Smog-stricken Beijing wants to cut production of steel and cement in surrounding cities – meaning fewer jobs in places dependent on heavy industry

Ferguson imparts managerial wisdom

Posted: 22 Oct 2013 06:00 AM PDT

One of the most successful managers in football history goes into print to reveal the secrets of his stellar career from Glasgow to Manchester United

US urged to ‘come clean’ over drones

Posted: 22 Oct 2013 12:35 AM PDT

Human rights group releases report on civilians killed and wounded by US drone strikes in Pakistan

Bangladeshi parties clash over poll process

Posted: 22 Oct 2013 05:00 AM PDT

Sheikh Hasina, prime minister, bans all political protests in Dhaka, the capital, in a move attacked by the opposition BNP as undemocratic

Indonesia mining at risk over export ban

Posted: 22 Oct 2013 09:53 AM PDT

Companies warn of industry collapse if government prohibits shipping of unprocessed metals as part of a drive to refine ores and improve margins
Posted by Anonymous at 1:21 PM 0 comments
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