LONDON (Reuters) – Bank of England Governor Mervyn King and other policymakers spoke to the British parliament’s treasury committee about the central bank’s quarterly economic outlook on Tuesday. Following are highlights of remarks from King, BoE executive director for markets Paul Fisher and external members of the Monetary Policy Committee Paul Fisher, Ben Broadbent and Martin Weale,. …
Google launches campaign in Germany against proposed law that could establish fees for content
BERLIN – Google is launching a new campaign in Germany to protest against possible copyright restrictions being discussed in the country’s Parliament.
7 years after Katrina, New Orleans braces for challenges in running brand-new levee system
NEW ORLEANS – In the busy and under-staffed offices of New Orleans’ flood-control leaders, there’s an uneasy feeling about what lies ahead.
Belarus leader relishes reputation as dictator
MINSK (Reuters) – He is a pariah in the West, viewed suspiciously by Russia and loathed by opponents in exile or jail, but Belarussian President Alexander Lukashenko is relishing his notoriety as Europe’s last dictator. After 18 years in power, the blunt, forceful and heavily built former state farm manager shows no sign of bowing to Western pressure to relax his grip on the former Soviet republic squeezed between Russia and the European Union. …
Aid group raises concern on South Sudan violence
An international aid group says the increasing level of violence in South Sudan’s Jonglei state is causing a humanitarian emergency.
Pakistan plans to hold national elections in May
Pakistan’s information minister says the government plans to hold landmark national elections next May.
Olympic spending propels economic rebound in Q3
LONDON (Reuters) – Spending at the London Olympics fuelled Britain's strongest quarterly economic growth in five years between July and September, although that strength is unlikely to be sustained. Tuesday's figures, confirming that Britai n has come out of recession, will buoy finance minister George Osborne a week before he is due to deliver his half-yearly budget statement. Gross domestic product expanded by 1 percent on the quarter, in line with the Office for National Statistics' initial estimate and economists' forecasts. … Standard Chartered names new global head of loan syndications
HONG KONG (Reuters) – Standard Chartered Plc has appointed a new global head of loan syndication, the second change to the London-based bank's management of its corporate fi nance business in as many months following the departure of the global head of leveraged finance syndication in October. Cristian Jonsson will be the new global head of loan syndications, effective January 1, the London-based bank announced Tuesday. He replaces Philip Cracknell, who will stay on until March, the bank said. … Japan's ruling party casts itself as reasonable, diplomatic
TOKYO (Reuters) – Japan’s ruling Democrats cast themselves on Tuesday as the voice of reason on diplomacy and the economy as they headed for a general election, highlighting a contrast with the hawkish rhetoric and aggressive monetary policy recipes of their rivals. Prime Minister Yoshihiko Noda and his party vowed to defend national interests, including a chain of rocky East China Sea islets controlled by Japan but also claimed by China and Taiwan, but would do so with diplomacy and “responsible defense. …
Israel's ex-FM Livni announces return to politics
Israel's former Foreign Minister Tzipi Livni has announced she is returning to politics and has told supporters she is forming a new party to run in January parliamentary elections. Hutu rebel group in eastern Congo attacks Rwandan positions, say residents and other rebels
KIBUMBA, Congo – Congo residents and M23 rebels say that another rebel group, the FDLR, has crossed the border into Rwanda and is fighting the Rwandan army.
Weak global conditions to keep Canada in economic slow lane until 2013: OECD
OTTAWA – With global conditions weakening, Canada’s economy will remain in the slow growth lane until the middle of next year, the Organization for Economic Co-operation and Development predicts in a new forecast.
OECD cuts global economic forecasts over euro zone risks
PARIS (Reuters) – The OECD slashed its global growth forecasts on Tuesday, warning that the debt crisis in the recession-hit euro zone is the greatest threat to the world economy. In light of the dire economic outlook, the Organisation for Economic Co operation and Development urged central banks to prepare for more exceptional monetary easing if politicians fail to come up with credible answers to the debt crisis. The Paris-based think-tank forecast in its twice-yearly Economic Outlook that the global economy would grow 2.9 percent this year before expanding 3.4 percent in 2013. … Congo: Hutu rebel group attacks Rwanda
Congo residents and M23 rebels say that another rebel group, the FDLR, has crossed the border into Rwanda and is fighting the Rwandan army.
No comments:
Post a Comment