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Friday, 25 February, 2011
CANBERRA — Australia's government launched a third attempt yesterday to make carbon polluters pay for their emissions, unveiling plans for a fixed-price scheme from 2012 and vowing not to surrender this time in the face of fierce opposition.
Prime Minister Julia Gillard, whose predecessor was dumpe
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Friday, 25 February, 2011
WASHINGTON — The International Monetary Fund called for a weaker dollar to help the United States reduce its deficits with the rest of the world and rebalance the global economy, in a report released yesterday.
In the report prepared for a Group of 20 finance chiefs meeting last week, the IMF said
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Friday, 25 February, 2011
WASHINGTON — The White House said higher oil prices caused by Middle East unrest must be monitored but would not stall the US recovery, while reiterating a warning on the risks posed by global imbalances.
"Thus far, they're up, but we're not forecasting — and you haven't seen the private forecaste
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Friday, 25 February, 2011
SYDNEY — Unrest in Libya and the threat of contagion to other oil producing countries in the region drove Brent crude to a 29-month high above $113 yesterday, fuelling worries about slower global growth and knocking Asian shares lower.
Copper hovered near a one-month low and the dollar stayed on th
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Friday, 25 February, 2011
LONDON — Royal Bank of Scotland scraped back into profit in the final months of 2010 after huge losses last year and the part-nationalised British lender said its recovery plans were ahead of schedule.
RBS’s return to profit will help smooth the way for the UK government to return the bank to priva
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Friday, 25 February, 2011
ESSEN — Germany’s RWE, Europe’s fifth-largest utility, said it will cut investments and sell assets to limit the burden of higher taxes and lower power prices that will lead to three years of falling profits.
The power provider plans to sell assets worth 8 billion euros ($11 billion) and reduce inv
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Friday, 25 February, 2011
DETROIT — General Motors Co is likely to report full-year earnings of more than $5 billion, its first annual profit in six years, although rising commodity prices and a drag from its European operations probably curbed the fourth-quarter performance.
GM’s results come at a pivotal time for investo
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Friday, 25 February, 2011
Dazaifu — One tour bus after another arrives in Dazaifu, an otherwise sleepy rural town, carrying South Korean visitors eager to see a majestic Japanese shrine.
The foreign tourists, who far outnumber domestic visitors, are lining up to see Tenmangu shrine on the southern island of Kyushu.
The shr
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Friday, 25 February, 2011
Home resales up 2.7pc in Jan on distressed sales -
n Median price lowest since 2002 -
n Home loan applications rise in latest week -
WASHINGTON — Surging sales of distressed properties pushed prices for previously owned US homes to a near nine-year low in January, even as they helped to lift over
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Friday, 25 February, 2011
SINGAPORE — The United States will remain a "prime" investment destination for the giant Government of Singapore Investment Corp (GIC) despite forays into emerging economies, its deputy chairman said.
Tony Tan, speaking in New York on Wednesday, said the United States remained a key market despite
