| Mon 6 Feb 2012 |
Eurogroup's Jean-Claude Juncker warns of possible default
The Times Of India BERLIN: The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday. | In an advance copy of comments to ne... |
Greece on the brink
Hong Kong Standard Greece teetered on a knife edge early this morning (Hong Kong time) as the nation's political leaders met in Athens to consider terms demanded by international creditors in return for more financial assistance. | //--> Monday, February 06, 2012 | Gre... |
| Sun 5 Feb 2012 |
Dubai abandons $10bn debt restructuring
The Daily Telegraph Dubai's government has walked away from the $10bn (£6.3bn) debt restructuring of one of its biggest conglomerates, leaving creditors, including the Royal Bank of Scotland (RBS), with exposure to potentially big losses. | Dubai Group reportedly ... |
Ford asks GM to pull Super Bowl ad
Yahoo Daily News | LAS VEGAS (AP) — Ford is demanding that rival General Motors pull a Super Bowl commercial that implies the Chevrolet Silverado pickup is more dependable than the Ford F-Series. | But GM stands by the ad and says it will run during Sunday's game. ... |
Swiss media blame banks for caving in to US pressure
Yahoo Daily News | Swiss banks came under fire in Sunday newspapers for giving in to US demands on banking secrecy. | "Swiss banks capitulate" wrote the French-language Le Matin Dimanche describing a situation of panic "since the blow to Bank Wegelin." | Switzerland'... |
Merger fails, but D.Boerse CEO says allies a must
Hartford Courant | FRANKFURT (Reuters) - D.Boerse CEO eyes new allies as NYSE deal crumbles Deutsche Boerse does not believe it can survive in the long term without a new partner despite the collapse of its proposed $7.4 billion merger with NYSE Euronext , its chief ... |
European Leaders Maintain Pressure on Greece to Complete Terms for Bailout
Bloomberg | European leaders maintained pressure on Greece to accept terms demanded by international lenders during a weekend of talks to avert a financial collapse. | Interim Greek Prime Minister Lucas Papademos struck a tentative deal with party leaders to b... |
Boeing to correct 787 Dreamliner fuselage issue
Yahoo Daily News | (Reuters) - Boeing has discovered a problem related to the aft fuselage of its 787 Dreamliner planes and is making repairs that will not affect production of the aircraft, the company said in an emailed statement on Sunday. | The 787 Dreamliner is ... |
Local firms vie for Yum's slice of China market
Yahoo Daily News | BEIJING (Reuters) - Four floors up overlooking the bustle of the cavernous Joy City Mall in Beijing, diners take a break from shopping to slurp noodles and nibble on dumplings at an Ajisen restaurant. | It's an increasingly common sight: Chinese co... |
Greece forces overtime in critical debt talks
Yahoo Daily News | Greece on Sunday insisted on extending critical talks on a debt rescue into Monday, as the government's coalition backers denounced pressure from public creditors to pass harsher austerity measures. | After a five-hour meeting with his socialist, c... |
The new Cessna Citation Latitude business jet has 2,300 nautical miles range
The Examiner | The Cessna Aircraft Company, a Textron Inc. announced that it has increased the range capability of its planned new midsize jet, the Citation Latitude. The Latitude is now expected to have a maximum range of 2,300 nautical miles (4,259.6 kilo... |
ALBA countries to pool funds in joint bank
Yahoo Daily News | CARACAS, Venezuela (AP) — Leaders of the eight-nation ALBA bloc have agreed to deposit 1 percent of their international reserves into a jointly administered bank as they seek to deepen economic cooperation. | Officials announced the decision as V... |
MONDAY VIEW: The euro crisis drags a noble idea to disaster
The Daily Mail | Having followed the saga of Britain’s relations with the rest of the European Union since the 1960s, I have a nagging suspicion that we are now witnessing a slow-motion car crash, with potentially horrific implications. | The notorious epigra... |
No. 2 Greek party opposes austerity demands
Yahoo Daily News | ATHENS, Greece (AP) — The leader of Greece's No. 2 party said rescue creditors were demanding measures that would deepen the country's recession, and promised to oppose them "with all means." | Conservative leader Antonis Samaras met leaders of o... |
Wen says Europe stability in China's interests
Breitbart | German Chancellor Angela Merkel (R) walks past a honour guard with Chinese ... | China's Premier Wen Jiabao said a stable Europe was key to stability at home, in comments published Sunday, at the end of a week that saw Germany's chancellor visit Be... |
IMF, EU trim Romania's growth forecast
Yahoo Daily News | The International Monetary Fund (IMF) and the European Union on Sunday said they had trimmed Romania's 2012 growth forecast to 1.5-2.0 percent, due to international economic turbulence. | "For 2012 we have slightly revised down our forecast in ligh... |
Just a bluff? Fears grow of Israeli attack on Iran
Yahoo Daily News | JERUSALEM (AP) — For the first time in nearly two decades of escalating tensions over Iran's nuclear program, world leaders are genuinely concerned that an Israeli military attack on the Islamic Republic could be imminent — an action that many ... |
From relief to despair: Varying views of jobs data
Yahoo Daily News | WASHINGTON (AP) — Month by month, the U.S. job market is regaining its health. | So many jobs are being added that the unemployment rate has dropped for five straight months. At 8.3 percent, it's at a three-year low. | Whether the job market actu... |
Talks on Greek bailout hang in the balance
Yahoo Daily News | ATHENS, Greece (AP) — Politicians met with Prime Minister Lucas Papademos on Sunday to consider demands by Greece's creditors for tougher austerity measures, private-sector pay cuts and layoffs of civil servants. | At the same time, Finance Minis... |
Wen says Europe stability in China's interests
Yahoo Daily News | China's Premier Wen Jiabao said a stable Europe was key to stability at home, in comments published Sunday, at the end of a week that saw Germany's chancellor visit Beijing. | "Firstly, our biggest export market is Europe," Wen said in the southern... |
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