IMF says euro needs master plan, not deadline

Published : 12:37 am  June 7, 2012  |  Category: International  |  1 Comment  |  282 views  |  
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Reuters: Euro zone leaders need a master plan and “collective determination” to rescue the common currency, but not necessarily a deadline, International Monetary Fund Managing Director Christine Lagarde said on Tuesday.  Read More →


Pakistan successfully test fires 700 km range cruise missile Hatf-VII

Published : 12:05 am  June 6, 2012  |  Category: International  |  Leave a Comment  |  333 views  |  
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Pakistan yesterday conducted a successful test fire of the multi tube, indigenously developed Cruise Missile Hatf-VII (Babur) having a range of 700 kms. Babur Cruise Missile is a low flying terrain hugging missile with high maneuverability, pin point accuracy and radar avoidance features. It can carry both nuclear and conventional warheads and has stealth capabilities. It also incorporates the most modern cruise missile technology of Terrain Contour Matching (TERCOM) and Digital Scene Matching and Area Co-relation (DSMAC), which enhances its precision and effectiveness manifolds.  Read More →


Asian markets rebound, hoping for action on euro zone crisis

Published : 12:05 am  June 6, 2012  |  Category: International  |  1 Comment  |  233 views  |  
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Reuters: Asian shares, the euro and commodities rebounded on Tuesday, with stocks holding a touch above 2012 lows, as investors looked to European policymakers and the wider G7 to take decisive action to address the worsening euro zone crisis. European shares were likely to extend their gains modestly, having firmed the day before on expectations for fresh steps to contain the region’s debt problems. Spreadbetters tipped major European markets to rise by as much as 0.4 per cent. US stock futures were also up 0.4 per cent. Finance ministers of the Group of Seven leading industrialised powers will hold emergency talks by phone later on Tuesday, illustrating their heightening alarm about... 


Big investment needed in Asia Pacific’s dwindling natural resources – study

Published : 12:05 am  June 6, 2012  |  Category: International  |  Leave a Comment  |  414 views  |  
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MANILA, PHILIPPINES: Asia and the Pacific is consuming more resources than its ecosystems can sustain, threatening the future of the region’s beleaguered forests, rivers, and oceans as well as the livelihoods of those who depend on them, says a new joint report by the Asian Development Bank (ADB) and WWF.  Read More →


Brazil economy disappoints again in Q1

Published : 12:00 am  June 5, 2012  |  Category: International  |  Leave a Comment  |  327 views  |  
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SAO PAULO (Reuters): Brazil’s economy barely expanded in the first quarter a s frustrated business leaders cut back on investments, setting the stage for another disappointing year and casting new doubt on the health of emerging markets.  Read More →


Slowdown in India’s foreign trade compounds economic woes

Published : 12:00 am  June 5, 2012  |  Category: International  |  1 Comment  |  261 views  |  
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Reuters: Indian export data released on Friday confirmed a sharp slowdown in foreign trade, adding to the woes of Asia’s third-largest economy and piling more pressure on the weak coalition government to take steps to boost economic growth.  Read More →


World growth at risk as US employment stumbles

Published : 12:00 am  June 5, 2012  |  Category: International  |  Leave a Comment  |  293 views  |  
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WASHINGTON/LONDON (Reuters): The world’s economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output barely growing and European manufacturing falling deeper into malaise.  Read More →


Syria on brink of sectarian civil war, West says

Published : 12:01 am  June 2, 2012  |  Category: International  |  1 Comment  |  241 views  |  
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Reuters: Syria is nearing full-blown sectarian civil war that would be catastrophic for the entire Middle East, Western nations said on Thursday, urging Russia to end its support for President Bashar al-Assad and put pressure on him to stop the bloodshed.  Read More →


Prince Charles pays tribute to “mama”

Published : 12:00 am  June 2, 2012  |  Category: International  |  Leave a Comment  |  309 views  |  

LONDON (Reuters): Britain’s Prince Charles paid a personal tribute to his “mama”, Queen Elizabeth, lauding her for providing stability as Britain prepares for four days of public celebration to mark the 60th anniversary of her accession to the throne.  Read More →


Asian shares extend losses as weak China PMI aggravates mood

Published : 12:00 am  June 2, 2012  |  Category: International  |  Leave a Comment  |  244 views  |  
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Reuters: Asian shares and the euro extended losses on Friday as China’s factory activity data delivered its weakest reading this year, highlighting concerns the worsening euro zone debt crisis will further undermine global economic growth. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1 per cent after ending May with a 10.9 per cent slide for its worst monthly performance in eight months.  Read More →


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