- G20 moves to line up huge rescue deal for April Dave Graham and Tetsushi Kajimoto - Reuters - 5 hours ago
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 …
- Germany to decide on firewall in March: Schaeuble Dave Graham - Reuters - 5 hours ago
MEXICO CITY (Reuters) - The German government will decide whether to boost the European bailout fund in March and its parliament is very likely to support any decision for more resources, Finance Minister Wolfgang Schaeuble said on Saturday. Germany had pledged to review a proposal to beef up the European war chest to prevent …
- Kingfisher's nosedive poses dilemma for Indian government Anurag Kotoky and Sanjeev Choudhary - Reuters - 7 hours ago
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 …
- Australia's Gillard set to win prime ministerial vote James Grubel - Reuters - 7 hours ago
CANBERRA (Reuters) - Australian Prime Minister Julia Gillard was poised to win a leadership vote against rival Kevin Rudd on Monday despite polls showing a government under her leadership would be decimated at the next elections due by late 2013. Gillard said she was confident she would win the prime ministerial showdown …
- Weavers' woes: Government packages pass them by Madhusree Chatterjee - IANS - 8 hours ago
New Delhi, Feb 26 (IANS) Ali Husain Ansari, a weaver of embroidered Mughal textiles and owner of Abdul Ghani Silk in Varanasi town of northern India, says he has not benefited from the government's financial package for weavers announced in December 2011.
- India unprepared for new Myanmar Satarupa Bhattacharjya and Frank Jack Daniel - Reuters - 10 hours ago
MOREH (Reuters) - As dusk falls on a lonely police station in the eastern tip of India, a young policeman nervously keeps an eye on the Arakan hills above him, dotted with poppy fields. Just 22 bumpy miles from the capital of Manipur, he and his colleagues are outnumbered by gunmen from a faction of the National Socialist …
- EU's Rehn sees deal on euro zone bailout funds in March Jan Strupczewski - Reuters - 11 hours ago
MEXICO CITY (Reuters) - Euro zone countries are likely to boost the combined capacity of their bailout funds during March, in time for a follow-on deal on more crisis-fighting funds for the International Monetary Fund in April, Europe's top economic official said on Saturday. Olli Rehn, the European Union's Economic and …
- Euro-zone deal on firewall awaits Germany Jan Strupczewski and Daniel Flynn - Reuters - 21 hours ago
MEXICO CITY (Reuters) - Germany may not be ready to back an increase in Europe's bailout fund at a summit next week, delaying efforts to meet international demands for Europe to strengthen its defenses against the region's sovereign debt crisis. Many finance leaders of G20 countries, meeting in Mexico City this weekend, …
- SEC probes exchanges and electronic trading firms ties - WSJ Reuters - 22 hours ago
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 …
- Investor euphoria over MCX flotation Our bureau - www.telegraphindia.com - Sat 25 Feb, 2012
The last highly successful IPO was of Coal India in October 2010, which got subscribed 15 times.
- Sensex posts first weekly fall in 2012; slumps 366 points Indo Asian News Service - IANS - Sat 25 Feb, 2012
Mumbai, Feb 25 (IANS) Indian equities markets benchmark indices registered their first weekly fall in this calender year due to profit booking on concern that rise in crude oil prices might put pressure on inflationary pressure and affect overall economic growth.
- Euro zone decision on size of bailout fund seen delayed Jan Strupczewski and Daniel Flynn - Reuters - Sat 25 Feb, 2012
MEXICO CITY (Reuters) - Euro zone leaders may not be able to meet international demands to ramp up their own funds for bailing out the bloc's debtors when they meet next week because Germany is showing no sign of dropping its opposition to the plan, euro zone officials said. A bigger European fund is a condition for major …
- World Bank chief says U.S. should lead some global bodies David Fogarty - Reuters - Sat 25 Feb, 2012
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 emphasising he has no role in the selection process. ...
- Lofty oil new headache for debt-ridden Europe Alan Wheatley, Global Economics Correspondent - Reuters - Sat 25 Feb, 2012
LONDON (Reuters) - No sooner are Europe's debt anxieties easing a touch than a sharp rise in oil prices threatens to impede the economy's tentative recovery from the euro's near-death experience with Greece. Brent oil has shot up about 20 percent since mid-December on concern over cuts in Iranian supply, and set an all-time …
- Wall St Week Ahead: Rally on Wall St to be put to test Angela Moon - Reuters - Sat 25 Feb, 2012
NEW YORK (Reuters) - A rally on Wall Street will be put to the test next week, with the S&P 500 at its highest level since before the collapse of Lehman Brothers in 2008. The broad index is up 8.6 percent for the year, closing at 1,365 on Friday. The S&P 500's close was the highest since June 6, 2008, a few months before …
- US, Saudi maneuver to contain Iran oil market threat Jeff Mason and Matthew Robinson - Reuters - Sat 25 Feb, 2012
WASHINGTON/NEW YORK (Reuters) - Saudi Arabia has raised oil exports and the United States is considering releasing crude from its strategic reserves as oil prices hit nine-month highs on Friday and concerns deepened over Iran's nuclear program. Brent crude surged to over $125 a barrel after the United Nation's nuclear watchdog …
- S&P 500 posts highest close in nearly four years Rodrigo Campos - Reuters - Sat 25 Feb, 2012
NEW YORK (Reuters) - The S&P 500 rose on Friday to close at the highest level since before the collapse of Lehman Brothers in 2008, continuing a pattern of steady gains on signs of U.S. economic recovery. The broad index has risen more than 8 percent this year, a rally built on a succession of modest gains, with only a …
WASHINGTON (Reuters) - The United States should do more to encourage Saudi Arabia to boost its oil production to make up for lost Iranian oil, U.S. Senator Charles Schumer said on Sunday, urging renewed diplomacy as a way to ease the run-up in oil prices. Tensions surrounding … More »EXCLUSIVE - Saudi oil boost could calm markets - U.S. Senator Sc …