Rejecting IMF loan, Egypt risks undermining economy
The Media Line Staff Cairo, Egypt (TML) – Egypt’s decision to reject loans from the International Monetary Fund (IMF) and World Bank may save the government unwelcome political controversy at home, but it risks undermining the country’s already severely strained economy, economists warned. The terms of the IMF financing as well as the government’s plan [...]
British retailers ‘missing out on South American boom’
Timothy Geithner, the US Treasury Secretary, has voiced tacit support for Brazil in its ‘currency war’ with China in a sign that the two giants of the Americas will work together to tackle the issue. View full post on All Stories
European banks hit by rights issues fears
European stocks drift lower, with global equity markets still feeling the pain of Friday’s disappointing US jobs report View full post on All Stories
Embattled Yemeni president Ali Abdullah Saleh urged to make exit deal
West insists president quits in exchange for immunity from prosecution and financial guarantees about future The United States and Britain are pressing Saudi Arabia to persuade the Yemeni president, Ali Abdullah Saleh, to formally stand down after flying to Riyadh for treatment for injuries that were sustained in shelling in Sana’a on Friday. Diplomats said [...]
Obama touts auto industry recovery while GOP asks ‘What jobs?’ (The Christian Science Monitor)
The Christian Science Monitor – Signs that the US automotive market is recovering from its days of insolvency and declining sales is being heralded by President Obama as evidence that his administration took the right steps in creating measures to prevent the industry from total collapse. View full post on All Stories
Drug case gives feds unusual stake in boxing business, and it’s paying off for … – The Tennessean
Drug case gives feds unusual stake in boxing business, and it’s paying off for …The TennesseanUS Attorney Jerry Martin and Assistant US Attorney Deb Phillips expect their office’s stake in Prize Fight Boxing to continue generating money. / John Partipilo / The Tennessean This house at 1220 Stainback Ave. in East Nashville was seized by [...]
Drug case gives feds unusual stake in boxing business, and it’s paying off for … – The Tennessean
Drug case gives feds unusual stake in boxing business, and it’s paying off for …The TennesseanUS Attorney Jerry Martin and Assistant US Attorney Deb Phillips expect their office’s stake in Prize Fight Boxing to continue generating money. / John Partipilo / The Tennessean This house at 1220 Stainback Ave. in East Nashville was seized by [...]
Fed signals big banks face significant surcharge
Daniel Tarullo, a Federal Reserve governor, signalled that the largest US banks will face a significant equity capital surcharge, shrugging off their pleas that new restrictions will hamper the fragile economic recovery View full post on All Stories
O’Donnell says GOP complaint dismissed
Federal officials apparently have dismissed a Delaware Republican Party complaint that a California-based group illegally assisted Christine O’Donnell’s victory over former US Rep Mike Castle in the September 2010 Republican US Senate primary. View full post on All Stories
Indonesia Investment Agency Demands Newmont Divested Shares
JAKARTA (IFT) – The House of Representatives Commission VII wants Indonesia Investment Agency (PIP) to give the seven percent divested shares, worth a total of US$ 246.8 million, it holds in PT Newmont Nusa Tenggara to PT Daerah Maju Bersaing. View full post on All Stories
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