G20 moves to line up huge rescue deal for April Dave Graham and Tetsushi Kajimoto - ReutersMEXICO CITY (Reuters) - The world's leading economies worked on Sunday to line up a deal in April on a second global rescue package worth nearly $2 trillion to stop the euro-zone sovereign debt crisis … More »G20 moves to line up huge rescue deal for April
MEXICO CITY (Reuters) - The world's leading economies worked on Sunday to line up a deal in April on a second global rescue package worth nearly $2 trillion to stop the euro-zone sovereign debt crisis from spreading and putting at risk the tentative recovery. Germany said it would make a decision some time in March on strengthening …
Shock, horror! Murdoch's Sun wants his readers back Tim Castle - ReutersLONDON (Reuters) - Rupert Murdoch bid to grab back the huge audience his News Corp lost when it closed Britain's best-selling News of the World over a phone-hacking scandal with a new Sunday edition of … More »Shock, horror! Murdoch's Sun wants his readers back
LONDON (Reuters) - Rupert Murdoch bid to grab back the huge audience his News Corp lost when it closed Britain's best-selling News of the World over a phone-hacking scandal with a new Sunday edition of his Sun tabloid filled with gossip, girls and celebrities. With a front page splashing on a female TV presenter's birthing …
Berkshire identifies Buffett successor, not by name Ben Berkowitz - Reuters(Reuters) - Warren Buffett told investors on Saturday the Berkshire Hathaway board has identified his successor, easing some shareholder concern about the future of the company once the famed 81-year-old … More »Berkshire identifies Buffett successor, not by name
(Reuters) - Warren Buffett told investors on Saturday the Berkshire Hathaway board has identified his successor, easing some shareholder concern about the future of the company once the famed 81-year-old investor steps down as chief executive. Buffett did not disclose who the next CEO will be in his annual letter to Berkshire …
World Bank chief says U.S. should lead some global bodies David Fogarty - ReutersSINGAPORE (Reuters) - A solid U.S. candidate to head the World Bank would be good for the United States and the bank because the world's largest economy should be represented in top international bodies, … More »World Bank chief says U.S. should lead some global bodies
SINGAPORE (Reuters) - A solid U.S. candidate to head the World Bank would be good for the United States and the bank because the world's largest economy should be represented in top international bodies, outgoing President Robert Zoellick said on Saturday, while emphasizing he has no role in the selection process. ...
Greece launches long-awaited debt offer George Georgiopoulos - ReutersATHENS (Reuters) - Greece formally launched a bond swap offer to private holders of its bonds on Friday, setting in motion the largest-ever sovereign debt restructuring in the hope of getting its messy … More »Greece launches long-awaited debt offer
ATHENS (Reuters) - Greece formally launched a bond swap offer to private holders of its bonds on Friday, setting in motion the largest-ever sovereign debt restructuring in the hope of getting its messy finances back on track. The swap is part of a second, 130-billion-euro rescue package to claw Greece back from the brink …
- Buffett adds to bullish U.S. economic recovery signals Ben Berkowitz - Reuters
(Reuters) - Anyone looking for more evidence of a strengthening U.S. economic recovery need only consider conglomerate Berkshire Hathaway , where businesses ranging from railroads and electric utilities … More »Buffett adds to bullish U.S. economic recovery signals
(Reuters) - Anyone looking for more evidence of a strengthening U.S. economic recovery need only consider conglomerate Berkshire Hathaway , where businesses ranging from railroads and electric utilities to furniture and candy stores are racking up record profits. Even though Berkshire's Warren Buffett says with emphasis …
U.S. did not call for strategic oil release: G20 sources ReutersMEXICO CITY, Reuters (Feb 25) - The United States did not openly call for a release of countries' strategic oil reserves during Group of 20 meetings this weekend, Group of 20 sources said on Saturday. … More »U.S. did not call for strategic oil release: G20 sources
MEXICO CITY, Reuters (Feb 25) - The United States did not openly call for a release of countries' strategic oil reserves during Group of 20 meetings this weekend, Group of 20 sources said on Saturday. Treasury Secretary Timothy Geithner said on Friday the United States is considering a release from its strategic oil reserves …
Analysis: Kingfisher's nosedive poses dilemma for India Anurag Kotoky and Sanjeev Choudhary - ReutersNEW DELHI (Reuters) - As Kingfisher Airlines careens toward collapse, the Indian government finds itself between a rock and a hard place. The government, already weakened by a string of corruption scandals … More »Analysis: Kingfisher's nosedive poses dilemma for India
NEW DELHI (Reuters) - As Kingfisher Airlines careens toward collapse, the Indian government finds itself between a rock and a hard place. The government, already weakened by a string of corruption scandals over the past year, will face further political heat if it tries to rescue a money-losing private carrier - especially …
- BRICS to look at bid for top World Bank job Lesley Wroughton - Reuters
MEXICO CITY (Reuters) - The world's major emerging economies on Saturday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their … More »BRICS to look at bid for top World Bank job
MEXICO CITY (Reuters) - The world's major emerging economies on Saturday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their own candidate for the open job. Finance chiefs from the BRICS group of emerging market powerhouses - Brazil, Russia, …
Euro-zone deal on firewall awaits Germany Jan Strupczewski and Daniel Flynn - ReutersMEXICO CITY (Reuters) - Germany may not be ready to back an increase in the euro zone's bailout fund at a summit next week, delaying progress towards building up nearly $2 trillion in firepower to tackle … More »Euro-zone deal on firewall awaits Germany
MEXICO CITY (Reuters) - Germany may not be ready to back an increase in the euro zone's bailout fund at a summit next week, delaying progress towards building up nearly $2 trillion in firepower to tackle fallout from Europe's sovereign debt crisis. Finance leaders from leading economies, meeting in Mexico City this weekend, …
Japan sees upward pressure on yen waning Tetsushi Kajimoto - ReutersMEXICO CITY (Reuters) - A senior Japanese Finance Ministry official said the upward pressure on the yen was easing and he saw nothing strange in the currency's movements as it pulls away from record highs … More »Japan sees upward pressure on yen waning
MEXICO CITY (Reuters) - A senior Japanese Finance Ministry official said the upward pressure on the yen was easing and he saw nothing strange in the currency's movements as it pulls away from record highs below 80 yen versus the dollar. The official, speaking after the first day of the weekend gathering of Group of 20 finance …
- SEC probes exchanges and electronic trading firms ties Reuters
(Reuters) - The U.S. Securities and Exchange Commission has launched a probe into the ties between stock exchanges and certain electronic trading firms, the Wall Street Journal reported on Saturday, citing … More »SEC probes exchanges and electronic trading firms ties
(Reuters) - The U.S. Securities and Exchange Commission has launched a probe into the ties between stock exchanges and certain electronic trading firms, the Wall Street Journal reported on Saturday, citing people familiar with the matter. BATS Global Markets Inc, a U.S. exchange operator that is planning an initial public …
- German minister first in govt call for Greece euro exit Reuters
BERLIN (Reuters) - Chancellor Angela Merkel's conservative Interior Minister became the first member of her centre-right government to openly call for Greece to leave the euro zone in a magazine interview … More »German minister first in govt call for Greece euro exit
BERLIN (Reuters) - Chancellor Angela Merkel's conservative Interior Minister became the first member of her centre-right government to openly call for Greece to leave the euro zone in a magazine interview released on Saturday. Hans-Peter Friedrich, a leader of the conservative Christian Social Union (CSU) that is the sister …
"The Artist" captures spirit of indie film awards Bob Tourtellotte - ReutersSANTA MONICA, California (Reuters) - Silent movie romance "The Artist" on Saturday won four Independent Spirit Awards, the year's top honors among movies made outside Hollywood's major studios, including … More »"The Artist" captures spirit of indie film awards
SANTA MONICA, California (Reuters) - Silent movie romance "The Artist" on Saturday won four Independent Spirit Awards, the year's top honors among movies made outside Hollywood's major studios, including best film and director in a prelude to the Oscars. "The Artist," a black-and-white movie from French writer and director …
- Volcker rule should exclude all sovereign debt-Citigroup Reuters
MEXICO CITY (Reuters) - A planned U.S. ban on banks trading for their own profit could hamper monetary policy and the ability of financial firms to manage risk unless foreign government debt is exempted, … More »Volcker rule should exclude all sovereign debt-Citigroup
MEXICO CITY (Reuters) - A planned U.S. ban on banks trading for their own profit could hamper monetary policy and the ability of financial firms to manage risk unless foreign government debt is exempted, a top Citigroup executive said on Saturday. Manuel Medina-Mora warned that the so-called Volcker rule, which forms part …
- BRICS call for open selection of next World Bank chief Reuters
MEXICO CITY (Reuters) - A meeting of BRICS major emerging countries discussed the selection process of the next head of the World Bank and emphasized it should be open to all countries, rejecting the tradition … More »BRICS call for open selection of next World Bank chief
MEXICO CITY (Reuters) - A meeting of BRICS major emerging countries discussed the selection process of the next head of the World Bank and emphasized it should be open to all countries, rejecting the tradition that the job automatically goes to an American, a senior BRIC official said on Saturday. The official, speaking …
- German tax collectors volunteer for duty in Greece Erik Kirschbaum - Reuters
BERLIN (Reuters) - More than 160 German tax collectors have volunteered for possible assignments in Greece to help the struggling Mediterranean country gather tax more efficiently, the Finance Ministry … More »German tax collectors volunteer for duty in Greece
BERLIN (Reuters) - More than 160 German tax collectors have volunteered for possible assignments in Greece to help the struggling Mediterranean country gather tax more efficiently, the Finance Ministry in Berlin said on Saturday. The offer risks fuelling resentment among Greeks who have already reacted angrily to earlier …
- Under Zeus' gaze, austerity-hit Greeks queue for potatoes Harry Papachristou - Reuters
KATERINI, Greece (Reuters) - Struggling to cope with austerity, hundreds of Greeks in the town of Katerini at the foot of Mount Olympus have turned to a cheap way to do groceries: ordering potatoes on … More »Under Zeus' gaze, austerity-hit Greeks queue for potatoes
KATERINI, Greece (Reuters) - Struggling to cope with austerity, hundreds of Greeks in the town of Katerini at the foot of Mount Olympus have turned to a cheap way to do groceries: ordering potatoes on the Internet and picking them up in a parking lot. As dawn broke on a cloudless Saturday, buyers patiently gathered to buy …
World Bank top job should be open to all: S.Africa's Gordhan ReutersMEXICO CITY (Reuters) - The tradition of automatically giving the World Bank presidency to an American is outdated, although the country should be free to put forward a candidate, South African Finance … More »World Bank top job should be open to all: S.Africa's Gordhan
MEXICO CITY (Reuters) - The tradition of automatically giving the World Bank presidency to an American is outdated, although the country should be free to put forward a candidate, South African Finance Minister Pravin Gordhan said on Saturday on the sidelines of the G20 meeting. "The World Bank presidency should be open …
Zimplats given two weeks to hand over 29.5 pct stake ReutersHARARE (Reuters) - Impala Platinum's Zimbabwe unit, Zimplats, has been ordered to transfer 29.5 percent of its shares to a state-run fund in order to comply with local empowerment laws, according to a … More »Zimplats given two weeks to hand over 29.5 pct stake
HARARE (Reuters) - Impala Platinum's Zimbabwe unit, Zimplats, has been ordered to transfer 29.5 percent of its shares to a state-run fund in order to comply with local empowerment laws, according to a letter written by a government minister. Zimplats, 87 percent owned by Implats, had failed to comply fully with the law, …
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