India Central Bank leaves interest rates unchanged, cuts CRR

Published : 12:47 am  September 18, 2012  |  Category: International  |  Leave a Comment  |  285 views  |  
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MUMBAI (Reuters): India’s Central Bank on Monday left interest rates unchanged but cut the cash reserve ratio for banks, saying the primary focus of monetary policy remains fighting inflation, days after the government unveiled a spree of reforms to boost growth and improve its fiscal position.  Read More →


A comedown may be waiting after Fed high

Published : 12:36 am  September 17, 2012  |  Category: International  |  Leave a Comment  |  253 views  |  
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NEW YORK (Reuters): Comparing the Federal Reserve to a rehab clinic offering addicted investors a synthetic high has been a favorite of Wall Street wags ever since the first round of Fed stimulus nearly four years ago. The punch line is that you always need more and more to get the same high and each bout of euphoria is followed by a crashing comedown. After the frenetic reaction brought about by the announcement of the Fed’s latest stimulus program – $40 billion pumped into the U.S. economy each month – the coming week is likely to bring a more sober period for markets as investors digest what it means in the longer run and turn their attention to the remainder of the year.  Read More →


US renews waivers of Iran sanctions for Japan, EU nations

Published : 12:34 am  September 17, 2012  |  Category: International  |  Leave a Comment  |  233 views  |  
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Reuters: The United States has renewed waivers on Iran sanctions for Japan and 10 European countries because they cut their purchases of the OPEC nation’s crude oil, Secretary of State Hillary Clinton said on Friday. The renewal means banks in the 11 countries have been given a second 180 day reprieve from the threat of being cut off from the U.S. financial system under the sanctions designed to choke funding to Iran’s nuclear program. The West suspects Iran is trying to develop nuclear weapons. Tehran insists the program is for civilian purposes. The sanctions law President Barack Obama signed in 2011 requires a review every six months of the waivers, which were given to all of... 


MasterCard and the United Nations World Food Program in partnership to deliver “digital food”

Published : 12:33 am  September 17, 2012  |  Category: International  |  Leave a Comment  |  304 views  |  
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A world beyond cash builds a world beyond hunger MasterCard and the World Food Program (WFP) last week announced a global partnership that will use digital innovation to help people around the world to break the cycle of hunger and poverty.  The game-changing partnership will combine MasterCard’s expertise in electronic payments systems with WFP’s global reach among the world’s hungriest populations to meet the nutritional needs of the most vulnerable. “Our partnership with MasterCard is a great example of how transformative private sector partnerships innovate against hunger,” said Nancy Roman, WFP Director of Communications, Public Policy and Private Partnerships.  Read More →


Brent crude rises towards $118 on Fed stimulus

Published : 12:00 am  September 15, 2012  |  Category: International  |  Leave a Comment  |  218 views  |  
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Reuters: Brent crude rose for the seventh straight session on Friday, climbing towards $118 a barrel on hopes for stronger global demand for oil after the US Federal Reserve launched an aggressive program to stimulate the economy.  Read More →


Fed launches QE3, bets big to rescue US economy

Published : 12:00 am  September 15, 2012  |  Category: International  |  Leave a Comment  |  246 views  |  

Reuters: The Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market.  Read More →


Topless Kate photos in French mag upset UK royals

Published : 12:00 am  September 15, 2012  |  Category: International  |  Leave a Comment  |  895 views  |  
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Royal couple said to be angry and saddened French magazine splashes topless Kate Middleton photos Buckingham Palace talking to French lawyers, sources say  Read More →


Obama vows to ‘bring to justice’ ambassador’s killers

Published : 12:01 am  September 14, 2012  |  Category: International  |  1 Comment  |  324 views  |  
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Reuters: President Barack Obama vowed on Wednesday to “bring to justice” the Islamist gunmen responsible for a ferocious assault that killed the US ambassador to Libya and three other Americans – an attack that may have been organised in advance.  Read More →


German court backs euro rescue fund with conditions

Published : 12:01 am  September 14, 2012  |  Category: International  |  Leave a Comment  |  236 views  |  
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Reuters: Germany’s Constitutional Court gave a green light on Wednesday for the country to ratify the euro zone’s new bailout fund and budget pact, but insisted the German parliament have veto powers over any future increases in the size of the fund.  Read More →


Asian shares steady amid caution before Fed decision

Published : 12:01 am  September 14, 2012  |  Category: International  |  1 Comment  |  206 views  |  
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Reuters: Asian shares steadied in choppy trade on Thursday ahead of the US Federal Reserve’s decision later in the day, as investors remained cautiously optimistic for further stimulus action to bolster the world’s largest economy.  Read More →


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