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Demonstrators flood Brazilian streets in protest
Protesters massed in four Brazilian cities Monday in what they hoped would be their biggest demonstrations yet against a hike in public transport fares, stoking fears of more clashes with police and raising questions about security during big events like the current Confederations Cup and a papal visit next ...
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G-8 and beyond The world according to Obama
President Barack Obama meets with Russian President Vladimir Putin in Enniskillen, Northern Ireland, Monday, June 17, 2013. Obama and Putin discussed the ongoing conflict in Syria during their bilateral ...
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UniCredit Among European Banks Needing More Capital ICV Says
UniCredit SpA (UCG), Intesa Sanpaolo SpA (ISP) and Commerzbank AG (CBK) are among banks in Europe most susceptible to stress because they didn't deleverage enough, according to a study by Switzerland's Independent Credit View. The rating company found that 25 banks in Germany, Italy, Spain, the ...
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US to begin meetings with Taliban
political office Tuesday in Doha as a stepping stone to full Taliban renouncement of al-Qaida. In Doha, a Qatari official confirmed that the Taliban office was open. The administration officials say the U.S. and Taliban representatives will hold bilateral meetings, then it is expected that Afghan President Hamid Karzai's High Peace Council will follow up with its own talks a few days ...
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Taliban to open office for peace talks
Zabiullah Mujahid , said in a statement emailed to The Associated Press on Tuesday that the group opposes the use of Afghan soil to threaten other countries and supports the negotiating process. Those two statements have been a key demand of both the U.S. and Afghan governments before talks can begin. There have been unconfirmed reports that the Doha office opening will be announced in the ...
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European Commission holds minting of Slovakian euro bearing images of saints
The European Commission has ordered the National Bank of Slovakia not to mint new euros that would feature images of Sts. Cyril and Methodius, the New York Times reports. Each member-state within the European Union has the authority to mint its own versions of the euro, incorporating its own national designs. But the European Commission ruled that the Slovakian design, hailing the 1,150th ...
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Bombing at Pakistani funeral kills 27
PESHAWAR, Pakistan -; A suicide bomber blew himself up in a crowd of hundreds of mourners attending a funeral in northwestern Pakistan on Tuesday, killing 27 people. Among those killed was a newly-elected lawmaker who may have been the target, authorities ...
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G8 Deal on tax and money-laundering reached
Northern Ireland .It is hoped that international agreement on new rules will make it more difficult to set up companies in offshore tax havens which carry out no business activities but are used to conceal the ultimate owners of taxable assets.Following discussions with the leaders of the G8 countries - the UK, US, France, Germany, ...
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New Issue-Commerzbank prices 500 mln euro 2018 bond
June 18 | Tue Jun 18, 2013 9:23am EDT June 18 (Reuters) -Following are terms and conditions of a bond priced on Tuesday. Borrower Commerzbank AG Issue Amount 500 million ...
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Protection against post-QE euro stocks swings still cheap
Tue Jun 18, 2013 9:04am EDT * Volatility expected to increase as end of QE3 nears * VSTOXX jumped to more than twice current level after QE2 * Cost of options rise most for June expiry, cheaper later By David Brett LONDON, June 18 (Reuters) - Demand has risen for short-term protection against European share price swings but investors can still insure relatively cheaply against the volatility ...
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Euro zone single supervision launch may face three-month delay
Reuters © Pedestrians walk towards the (L-R) Irish, Greek, Spanish and French national flags outside the European Parliament in Brussels May 3, 2013. REUTERS/Francois ...
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Russia G-8 declaration wont mention Assads fate
ENNISKILLEN, Northern Ireland -; A senior Russian diplomat says the G-8 summit's joint statement on ending the Syrian civil war will not mention whether Bashar Assad must step down from power as part of any peace ...
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Intel chief Lawmakers demanding more info on NSA
WASHINGTON -; The chairman of the House Intelligence Committee said Tuesday lawmakers are worried about the possibility of further disclosures about the government's sweeping electronic surveillance and the impact that could have on efforts to combat ...
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Financials leads UKs FTSE higher
- Britain's top share index rose on Tuesday, aided by broker upgrades for some of its financial heavyweights in cautious trade ahead of a meeting of the US Federal Reserve. The FTSE 100 was up 46.26 points, or 0.7 percent, at 6,376.75 by 12:24 Sa time, with financials, which include banks, asset managers and insurers, contributing 24 points to the advance. HSBC rose 2.2 percent, alone ...
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Easing of Slump Wont Halt Euros Decline
Euro Zone Faces Make-or-Break Summer ) The euro has largely been a story of reverse diversification in foreign currency, he said. The recent fall in emerging market currencies has meant reserve managers are accumulating fewer dollar reserves to diversify into euros, with China making clear that they want fewer reserves in the first pace, he said. "The euro could well finish the year weaker ...
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Lucrative Stud Career Awaits Animal Kingdom
He's the favourite to win at Tuesday's Royal Ascot race in Britain, but a victory could also make Animal Kingdom the most popular horse among the ladies - literally. The thoroughbred, who has already won this year's Dubai World Cup and the 2011 Kentucky Derby, will retire at the end of the race, and his owners plan to use him as a stud to breed new race horses. John Messara, ...
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Euro briefly extends gains vs dollar after U.S. data
NEW YORK, June 18 | Tue Jun 18, 2013 8:40am EDT NEW YORK, June 18 (Reuters) - The euro briefly extended its gains versus the dollar while the dollar hit a session peak versus the yen on Tuesday after data showed U.S. housing starts rose less than expected and consumer prices climbed in May. The euro rose as high as $1.3398 after the data, matching the previous session high, before ...
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Charles Saatchi admits assault on celebrity chef wife Nigella Lawson
Prominent British art collector Charles Saatchi has admitted assault and accepted a police caution after published photos showed him grasping the throat of his wife, celebrity chef Nigella Lawson. (Lionel Cironneau/Associated ...
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Suicide bombers target Baghdad mosque killing 24
BAGHDAD (AP) -- Two suicide bombers blew themselves up inside and near a Shiite mosque in Baghdad on Tuesday, killing 24 people and wounding 52, Iraqi officials ...
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Intel chief NSA foiled dozens of terrorist plots
WASHINGTON -; The chairman of the House Intelligence Committee says it appears the much-criticized national electronic surveillance program foiled "dozens" of terrorist ...
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Massive protests hit Brazils biggest cities
São Paulo - More than one hundred thousand demonstrators marched through the streets of Brazil’s biggest cities yesterday in a growing protest movement that is tapping into widespread anger at poor public services, police violence and government corruption. The marches blocked streets and halted traffic in at least cities, including São Paulo, Rio de Janeiro, Belo Horizonte, ...
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Afghan presidents forces take over for NATO
View Photo Associated Press/Allauddin Khan - FILE - In this Thursday, June 13, 2013 file photo, Afghan National Army soldiers stand in position, in the Sangin district of Kandahar province southern Afghanistan. ...
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Karzai Afghan troops take lead to secure country
View Photo Associated Press/Rahmat Gul - Afghanistan President Hamid Karzai, left, shakes hands with NATO Secretary-General Anders Fogh Rasmussen during a ceremony at a military academy on the outskirts of Kabul, ...
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Recovery in financials leads Britains FTSE higher
* FTSE 100 rises 0.7 percent* HSBC, RSA benefit from analyst upgrades* Financials set to benefit if Fed continues easing* Charts point to possible "head and shoulders" patternBy Alistair SmoutLONDON, June 18 (Reuters) - Britain's top share index ...
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G-8 summit turns focus to clampdown on tax-dodging
ENNISKILLEN, Northern Ireland (AP) -- Leaders from eight of the world's wealthiest countries spent the final hours of their summit Tuesday focusing how to make sure that multinational companies can no longer rely on shelters and loopholes to avoid paying the tax they ...
Switzerland Featured
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Switzerland world's most competitive country
Switzerland is frequently pointed to as a model of good governance, prosperity, innovation and stability and is one of the happiest countries in the world. The recent competitive survey by the WEF underscored this, but came with a warning.
Switzerland truly is an impressive country, landlocked and small with no natural resources; it has developed into one of the richest countries in the world and was recently named the most competitive economy in the world. This is due in large part to its banking sector, which is one of the most advanced and its government structure, which is efficient in comparison to many other developed countries. Read more
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