Berlusconi gets jail sentence in wiretap trial

Published : 12:00 am  March 9, 2013  |  Category: International  |  Leave a Comment  |  711 views  |  
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Reuters: An Italian Court sentenced ex-Prime Minister Silvio Berlusconi on Thursday to one year in jail over the publication by his family’s newspaper of a transcript of a leaked wiretap connected to a banking scandal in 2006. Under the Italian law, the 76-year-old media billionaire would not have to serve any jail time until the appeals process has been exhausted, and a higher court could overturn the ruling.  Read More →


Asian shares mostly retreat after rally; BOJ holds fire

Published : 12:01 am  March 8, 2013  |  Category: International  |  Leave a Comment  |  1,015 views  |  
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Reuters: Asian shares mostly fell after two strong days of gains on Thursday, with investors focusing on meetings of the central banks of Britain and the Euro zone for signs of more policy stimulus after the Bank of Japan kept policy on hold.  Read More →


US economy posted modest growth in January-February: Fed

Published : 12:01 am  March 8, 2013  |  Category: International  |  Leave a Comment  |  3,701 views  |  
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Reuters: The United States economic growth continued to improve gradually in January and early February as consumer spending picked up and the country’s battered housing market maintained a broad-based recovery, the Federal Reserve said on Wednesday.  Read More →


Mourning Venezuelans parade Chavez’s coffin, prepare for vote

Published : 12:01 am  March 8, 2013  |  Category: International  |  Leave a Comment  |  998 views  |  
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Reuters: Sobbing and shouting, a sea of Hugo Chavez’s supporters paraded his coffin through the streets of Caracas on Wednesday in an emotional outpouring that could help his deputy win an election to keep his socialist revolution alive.  Read More →


Venezuela’s Hugo Chavez dies from cancer

Published : 12:00 am  March 7, 2013  |  Category: International  |  Leave a Comment  |  852 views  |  
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Reuters: President Hugo Chavez died on Tuesday after a two-year battle with cancer, ending 14 years of tumultuous and divisive rule that won him passionate support among the poor but hatred from business leaders and wealthy Venezuelans.  Read More →


Obama seeks authority for IMF voting reforms

Published : 12:00 am  March 7, 2013  |  Category: International  |  Leave a Comment  |  1,377 views  |  
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Reuters: The Obama administration has asked Congress for authority to implement historic voting reforms in the International Monetary Fund that boost the influence of emerging economies like China in the global financial institution, sources said on Tuesday.  Read More →


Cadbury used nonexistent factory in India to avoid taxes

Published : 12:00 am  March 7, 2013  |  Category: International  |  Leave a Comment  |  2,229 views  |  
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Reuters: Cadbury Plc, now part of Mondelez International, used a nonexistent factory in India to avoid about US$ 46 million in taxes, the Wall Street Journal reported on Tuesday, citing a report by the Indian tax authorities.  Read More →


After latest budget battle, Obama calls senators looking for common ground

Published : 12:00 am  March 6, 2013  |  Category: International  |  Leave a Comment  |  1,289 views  |  
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Reuters: President Barack Obama, unable to persuade Republicans to accept higher taxes, is attempting to cobble together what he calls a “common-sense caucus” among lawmakers to help resolve U.S. budget woes and push his legislative agenda.  Read More →


Maldives ex-President Nasheed arrested, to appear in Court today

Published : 12:00 am  March 6, 2013  |  Category: International  |  Leave a Comment  |  1,096 views  |  
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MALE,  (Reuters) : Police in the tropical Indian Ocean resort archipelago of the Maldives arrested former president Mohamed Nasheed on Tuesday, 10 days after he left the Indian High Commission where he had taken refuge to avoid detention.  Read More →


China puts focus on consumers; eyes 7.5% growth in 2013

Published : 12:00 am  March 6, 2013  |  Category: International  |  Leave a Comment  |  658 views  |  
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Reuters: China put its fast-growing consumer class at centre-stage as outgoing Premier Wen Jiabao set out a reform plan on Tuesday to spread the fruits of economic growth more evenly in the country of 1.3 billion.  Read More →


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