FRANKFURT (Reuters) – German banks' use of European Central Bank crisis funding dropped by a third in January from the previous month, a further sign that banks in the hea rt of the euro zone are returning to money markets after last year's credit squeeze. Banks in countries on the periphery of the 17-member bloc still rely on central bank lending, which, while at a record-low interest rate of 0.75 percent, is above market rates. The divergence complicates the ECB's interest rate-setting plans. The Bundesbank data released on Monday showed that German banks owed the central bank 49. … Worker: Attackers targeted expatriates in Nigeria
BAUCHI, Nigeria (AP) -- Gunmen in Nigeria’s northeast who kidnapped eight foreign workers Sunday let the Nigerians go.
Maldives court seeks arrest of ex-leader in embassy refuge
MALE (Reuters) – Maldives police on Monday said a court warrant had been issued to arrest former President M ohamed Nasheed, who remained in the Indian High Commission after taking refuge there six days ago. Nasheed, the Maldives' first democratically elected leader, left office last year in contested circumstances. He entered the Indian High Commission, or embassy, in the capital on Wednesday as police tried to arrest him in connection with a court case. … Iran scolds world powers over gold sanctions "offer"
DUBAI (Reuters) – Iran criticized on Monday a reported plan by major powers to demand the closure of a uranium enrichment plant in return for an easing of sanctions on Tehran's trade in gold and other precious metals, Iranian media reported. The Islamic Republic, which says its nuclear program is p eaceful, started building the Fordow plant inside a mountain in secret as early as 2006, to protect it from air strikes. Last week Reuters reported world powers were planning to offer to ease sanctions barring trade in gold and other precious metals with Iran in return for steps to shut down Fordow. … Gunmen attack Pakistani official's compound, five dead
PESHAWAR, Pakistan (Reuters) – Four security guards and a civilian were killed i n the Pakistani city of Peshawar on Monday after gunmen, wearing police uniforms, raided the compound of a senior government official, officials said. Two explosions were heard, followed by gunfire at the compound of top political official Muttahirzeb Khan, where tribal officials and members of political parties had gathered for talks. Officials suspected the attackers were suicide bombers. It was not immediately known if they survived. "A man in paramilitary uniform was standing next to the fence. … Denmark grants asylum to Ukrainian ally of jailed Tymoshenko: source
COPENHAGEN (Reuters) – Denmark has granted political asylum to a Ukrainian former acting defense minister who served under jailed ex-premier Yulia Tymoshenko, a Danish government source said on Monday. Valery Ivashchenko, who served in Tymoshenko’s second cabinet in 2009 and 2010, is the latest of her allies to flee Ukraine since President Viktor Yanukovich came to power three years ago. The Danish official, who requested anonymity, said Ivashchenko was granted a residence permit to stay in Denmark. …
Syrian rebels push offensive for major airport
BEIRUT (AP) -- Activists say Syrian rebels have captured a government checkpoint on the ma in road to the airport in the northern city of Aleppo as opposition fighters press their campaign to capture the strategic facility. Dozens of Iberia flights canceled as strike starts
MADRID (Reuters) – Dozens of Iberia flights were canceled on Monday as workers at the loss-making Spanish flag carrier began a five-day strike over job cuts that is exp ected to cost the airline and struggling national economy millions of euros in lost business. There was little sign of chaos on Monday morning in Barajas airport in Madrid, Iberia's hub, as the airline had already rescheduled most passengers on other flights or returned them their money. … ECB's Nowotny plays down worries on euro rate
VIENNA (Reuters) – The euro's exchange rate should not be dramatized, European Central Bank policymaker Ewald Nowotny said on Monday, saying the currency was moving within standard ranges and growth in the euro zone shoul d start to pick up again soon. "The dollar/euro exchange rate is moving in a range we have had before. We have had no special developments. There is a euro appreciation against the yen but not to a dramatic extent," he told reporters. … UK infrastructure fund secures 1 billion pound in backing
LONDON (Reuters) – Two major pension schemes have joined Britain’s first multi-billion-pound infrastructure fund, giving a boost to the government’s efforts to tap pension savings for projects such as roads and power plants that might help fuel growth. The London Pensions Fund Authority (LPFA) and Lloyds TSB have joined The Pension Infrastructure Platform (PIP), bringing the number of signatories to ten and total backing for the fund so far to 1 billion pounds ($1.6 billion), PIP said on Monday. …
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