Greek Govt. defies protests to approve more austerity

Published : 12:01 am  November 9, 2012  |  Category: International  |  1 Comment  |  224 views  |  
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Reuters: Greece’s government voted by a razor thin margin on Thursday to approve an austerity package needed to unlock vital aid and avert bankruptcy, despite an internal rift and violent protests at the gates of parliament.  Read More →


In victory speech, Obama returns to theme of hope

Published : 12:02 am  November 8, 2012  |  Category: International  |  1 Comment  |  369 views  |  
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CHICAGO (Reuters) - The crowd was smaller than it was four years ago, and the venue was indoors, but President Barack Obama’s victory party early on Wednesday shared a theme with his 2008 election night: hope. Despite a rough economy that dulled the glow of being America’s first black president, Obama defeated Republican Mitt Romney in a hard-fought race for the White House and celebrated with confetti, hugs and a promise to represent everyone in the nation. “Tonight, despite all the hardship we’ve been through, despite all the frustrations of Washington, I’ve never been more hopeful about our future,” Obama said.  Read More →


Cambodia says Obama to visit, raising Myanmar chances

Published : 12:02 am  November 8, 2012  |  Category: International  |  1 Comment  |  249 views  |  

PHNOM PENH (Reuters): Newly re-elected US President Barack Obama will go to Cambodia on 18 November 18 attend an Asian summit, a Cambodian minister said on Wednesday, adding to speculation he may use the opportunity to visit nearby Myanmar. Myanmar is opening up after almost half a decade of military rule and the United States suspended sanctions on the country earlier this year in recognition of the changes under way.  Read More →


Dollar falls after Obama victory, fiscal cliff looms

Published : 12:02 am  November 8, 2012  |  Category: International  |  Leave a Comment  |  381 views  |  
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LONDON (Reuters) - The dollar fell on Wednesday after U.S. President Barack Obama’s re-election for a second term, which was seen ensuring Federal Reserve quantitative easing will be in place. But analysts said the dollar could soon resume its uptrend trend if safe-haven flows are prompted by growing worries over the looming U.S. “fiscal cliff”. The country risks policy paralysis over a sharp fiscal tightening due to start next year unless a deal is reached in Congress to avert it  Read More →


Caution before US vote keeps Asian shares steady

Published : 12:30 am  November 7, 2012  |  Category: International  |  Leave a Comment  |  308 views  |  
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Reuters: Asian shares and the dollar steadied on Tuesday, with investors’ reluctant to place new bets amid uncertainty over the outcome of a tight US presidential election and renewed doubts over Greece’s ability to push through severe fiscal reforms. Risk-aversion underpinned the dollar near a two-month high against a basket of major currencies and bound most asset markets within tight trading ranges, with oil, gold and the euro all barely budged. US stock futures indicated a slightly firmer open on Wall Street, while financial bookmakers called London’s FTSE 100, Frankfurt’s DAX and Paris’s CAC-40 to open up 0.1-0.3%, after falling in the previous session.  Read More →


India will defer spending to rein in fiscal deficit

Published : 12:28 am  November 7, 2012  |  Category: International  |  1 Comment  |  347 views  |  
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Reuters: India is reviewing budgeted expenditure at each ministry and plans to defer some spending to the next financial year beginning in April to keep the fiscal deficit at 5.3% of GDP, a top finance ministry official told Reuters on Monday. India’s economic growth is expected to slow to about 5.5% this fiscal year, the slowest pace in a decade, while rating agencies S&P and Fitch say higher spending and rising subsidies could push the fiscal deficit to 6% of GDP.  Read More →


Oil steadies around $108 as US votes

Published : 12:27 am  November 7, 2012  |  Category: International  |  Leave a Comment  |  266 views  |  
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(Reuters) – Brent crude held around $108 per barrel on Tuesday, as uncertainty ahead of the U.S. elections and renewed worries about Greece and the euro zone crisis headed traders’ concerns.  Read More →


US fiscal cliff, Europe’s debt woes worry G20

Published : 12:00 am  November 6, 2012  |  Category: International  |  Leave a Comment  |  373 views  |  
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Reuters: Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called fiscal cliff is the biggest short-term threat to global growth.  Read More →


Chidambaram sees 2012 GDP growth of 5.5-6.0%

Published : 12:00 am  November 6, 2012  |  Category: International  |  Leave a Comment  |  404 views  |  
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Reuters: India’s economy should expand by 5.5% to 6.0% this year and return to 7% growth in 2013, Finance Minister P. Chidambaram told Reuters on Sunday, although he said inflation was at an “unacceptable” level.  Read More →


Obama, Romney to make their final case on last day of race

Published : 12:00 am  November 6, 2012  |  Category: International  |  1 Comment  |  280 views  |  
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Reuters: President Barack Obama and Republican challenger Mitt Romney make a frenetic dash to a series of crucial swing states on Monday, delivering their final arguments to voters on the last day of an extraordinarily close race for the White House.  Read More →


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