World Fwire News - Page 3
Canada threatens trade war with EU over oil sands
The proposed EU fuel quality directive would limit use of non-conventional fuel, such as the oil extracted from the vast tar sands in western Canada, saying that exploitation of the oil sands threatens the environment.
China tries to improve accuracy of economic data
China has now put in a system to be kicked off on Saturday which will collect original data directly from businesses, the latest bid to improve the accuracy of key indicator.
China-Japan to directly trade in Yen-Yuan, dollar takes a back seat
The gradual relaxation on the use of the yuan in international transactions has led to an increase of Chinese trade now being settled in yuan.<br /><br /> <br /><br />
Czech economy slips into recession
The economy contracted for the second consecutive quarter after it was down by 0.1 percent in the third quarter.
Indian economy showing signs of improvement: OECD survey
The international economic outlook is showing tentative signs of improvement, with the momentum shift spreading from the United States and Japan to other developed countries, the OECD's December survey of growth prospects showed.
Germany: Greek deal doesn't meet bailout terms
Germany's finance minister says a deal between Greek party leaders on new spending cuts appears to not yet fulfill all the conditions for a 130 billion ($173 billion) bailout.
Fears of US slowdown fade as economy shows some muscle
A few months ago economists were all but certain the US economy would slow sharply at the start of this year, with many warning that recession risks were growing.
Topless Ukrainian protesters disrupt Davos event
Three topless Ukrainian protesters were detained while trying to break into an invitation-only gathering of international CEOs and political leaders
Bernanke has 'finger on trigger' for new bond buys
After Bernanke's warning of an impending gloom on the US economy, the Federal Reserve System is inching closer to another round of money pumping.
China inflation at 15-month low, govt weighs policy easing
Consumer price inflation of 4.1%, just ahead of market expectations of 4.0%, extended an easing trend of the last five months to reinforce the view of many that the central bank is poised to ease monetary policy.
Once struggling US auto market now industry bedrock
Welcome to an unlikely beacon of hope for the global auto industry - Detroit.
Global regulators vow tough bank liquidity rules from 2015
But in a move to head off opposition from industry, global regulators also said lenders can tap into safety buffers in times of stress.
US consumer confidence perks up, house prices sag
Improving labour market conditions lifted US consumer confidence to an eight month high in December, but persistently weak house prices remain an obstacle to faster economic growth.
Japan says it, India close to deciding dollar swap pact
Japan and India are in the final stages of deciding on a dollar swap agreement and expect to reach agreement during Japanese Prime Minister Yoshihiko Noda's visit to India this week
BNP Paribas expects crisis to strenghten euro
France's BNP Paribas has made no emergency planning for a possible eurozone break up and instead expects the crisis to strengthen the single currency.
ECB's Stark objects govt's bond buying scheme, quits over euro crisis management
Stark said the ECB had done its part by keeping inflation under control but could not be expected to clean up policy mistakes by individual governments that ran up too much debt.
All EU ratings threatened by crisis: Moody's
Moody's noted that political uncertainties in Greece and Italy and the worsening of the economic outlook across the euro area had given rise to "the likelihood of even more negative scenarios.
India, Nepal sign revised DTTA; to share banking, tax information
India and Nepal today signed a revised Double Taxation Avoidance Agreement (DTAA), which will facilitate exchange of information on banking between the two countries and help prevent tax evasion.
Italian bond yields soar after poor debt sale
Italian bond yields soared on Friday after borrowing costs rose sharply at a short-term debt auction, raising questions over the eurozone's future.
Nokia Siemens to cut 1,600 jobs in Germany
Nokia Siemens on Friday reached a deal with German unions to cut 1,600 jobs in Munich, part of the telecom equipment maker's ongoing restructuring programme, which includes 17,000 job losses globally.
Fed to test six large US banks for euro stress
The six banks are Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo.
China loses steam, manufacturing slumps to 32-month low
Chinese factories battled with their weakest activity in 32 months in November, a preliminary purchasing managers' survey showed.
Pakistan allows more imports from India
Pakistan removed restrictions on the import of 12 goods from India as part of measures to normalise trade between the nuclear-armed rivals, Pakistani officials said on Saturday.
Bank error in your favour: Germany 55bln euros richer than it thought
An accountancy error has revealed that Germany is 55 billion Euros richer than it had originally thought
Now, a Delhi-Kathmandu return flight for Rs 5,000
Indigo will offer daily flight services between the two cities at a return fare of Rs 4,999 or (NPR Rs 8,063) (all inclusive).
Euro lags, global stocks advance to best week in 2 years
Global stocks advanced today, bolstered by EU leaders' efforts to contain the euro zone debt crisis.
Deustche Bank Q3 results beat analyst expectations
Deutsche Bank's third-quarter pretax profit beat analyst expectations as retail banking and asset management helped offset investment banking profits stunted as the euro zone crisis hurt client activity.
German parliament to vote on euro plans tomorrow
German Chancellor Angela Merkel faces a crucial parliamentary vote tomorrow on Europe's new strategy to resolve the euro zone debt crisis, which was negotiated with her EU partners at the summit in Brussels.
Japan wants to provide support to firms hit by Thai floods
Japan's central bank said it is considering setting up a baht-lending line for Japanese companies operating in flood-hit Thailand, as Tokyo signals growing concern over the disaster's impact on the world's No. 3 economy.
US homeowners get a lifeline, economists say it's not enough
US homeowners who owe more than their properties are worth got new help on Monday with the government's expansion of a refinancing program in a step that could help up to 1 million borrowers.