US not ready for Basel III bank rules: Treasury
The US Treasury announced Friday that it would not implement the Basel III rules for strengthening banks on January 1, saying the banks were not yet ready to meet the tougher capital standards.
10 November 2012
EU budget talks collapse
The first round in two weeks of tough talks on the European Union budget collapsed Friday after austerity-minded states refused to plug a 2012 budget shortfall in funds destined for Europe's needy.
10 November 2012
Obama warns taxes must rise on rich
US President Barack Obama on Friday claimed a mandate to raise taxes on the rich to pay for deficit reductions, firing his first post-election shot in a year-end budget showdown with Republicans.
10 November 2012
Poland urges no veto on tricky 2014-2020 EU budget
Poland on Friday urged net beneficiary EU members not to block talks on the contentious 2014-2020 budget proposed by Brussels which the 27-member bloc is expected to focus on at an upcoming summit.
Abramovich eyes Australian gas investment - report
Chelsea football club owner Roman Abramovich jetted into Australia for talks with resource company Linc Energy, renowned for its underground coal gasification (UCG) technology.
08 November 2012
Merkel in Britain for tough budget talks with Cameron
German Chancellor Angela Merkel and British Prime Minister David Cameron held talks over the EU's hotly contested budget in London on Wednesday with both agreeing that the bloc needed to heed public opinion.
08 November 2012
ECB's not set to fire 'bazooka' yet
The European Central Bank is unlikely to fire the new anti-crisis "bazooka" it unveiled two months ago, and will keep its gunpowder dry on interest rates as well at its meeting on Thursday.
Japan 'misspent' tsunami rebuilding money: audit
Cash earmarked for tsunami reconstruction work was diverted to unrelated projects, a Japanese government audit showed as residents of the devastated northeast voiced frustration over the slow pace of rebuilding.
Hollande discusses debt crisis with top global heads
French President Francois Hollande holds talks on Monday with the heads of the World Bank and other top economic bodies to discuss the eurozone debt crisis and ways to kickstart growth.
29 October 2012
India tries handing out cash to help teeming poor
Uddal Singh, a retired army sergeant, is part of an experiment trying out radical changes to the Indian welfare system that the government plans to adopt nation-wide.
Citi fined $2 mn over Facebook IPO leak
US banking giant Citigroup paid a $2 million fine to a state regulator and fired a junior analyst over a probe into leaks of confidential information on Facebook's public offering.