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Today's Headlines
Portugal reaches deal on EU and IMF bail-out
Posted on: Wed 04 May, 2011.
Portugal's caretaker prime minister Jose Socrates says he has reached agreement on a bail-out from the EU and the International Monetary Fund. Read more...

Japanese exports fall 2.2% in March due to tsunami
Posted on: Wed 20 Apr, 2011.
Japanese exports fell more than expected in March, as damage from last month's earthquake and tsunami affected shipments. Read more...

EU should lend Ukraine money: Medvedev
Posted on: Fri 22 May, 2009.
KHABAROVSK, Russia (AFP) - Russian President Dmitry Medvedev urged the European Union to lend Ukraine money he said Kiev needed to meet its gas payment obligations. Read more...

African Development Bank seeks to treble its funding
Posted on: Fri 15 May, 2009.
DAKAR (AFP) - The head of the African Development Bank said Thursday he is in negotiations with shareholders to treble its capital reserves to around 100 billion dollars. Read more...

US weighs bank pay overhaul: report
Posted on: Wed 13 May, 2009.
WASHINGTON (AFP) - The Obama administration is in "serious talks" to change the financial services industry's pay practices, including at companies that have not received federal aid, US media reported Wednesday. Read more...

Obama to unveil healthcare savings plan
Posted on: Mon 11 May, 2009.
WASHINGTON (AFP) - President Barack Obama is Monday to outline plans to cut US healthcare costs by two trillion dollars over the next 10 years, part of a bid to slash spending while making treatment more affordable. Read more...

Zambian minister welcomes extra $256 mln from IMF
Posted on: Mon 04 May, 2009.
LUSAKA (AFP) - Finance and National Planning Minister Situmbeko Musokotwane on Sunday welcomed an International Monetary Fund (IMF) decision to grant an extra 256.4 million dollars in financial support to Zambia. Read more...

Obama asks Congress to back IMF boost
Posted on: Tue 21 Apr, 2009.
WASHINGTON (AFP) - President Barack Obama asked Congress in letters released to back an expansion of an IMF emergency fund by 500 billion dollars in a move set to widen its reach to big emerging markets. Read more...

Dallas Fed chief praises US Treasury bonds
Posted on: Fri 17 Apr, 2009.
WASHINGTON (AFP) - A senior US Federal Reserve board member has praised the US dollar and US Treasury bonds before an audience in Beijing. Read more...

Liberia buys back $1.2 bln in debt: World Bank
Posted on: Fri 17 Apr, 2009.
WASHINGTON (AFP) - Liberia has bought back 1.2 billion dollars in government debt at a steep discount, the World Bank, which helped finance the buyback, said Thursday. Read more...

Donors pledge 324 mln dlrs aid for Haiti
Posted on: Wed 15 Apr, 2009.
WASHINGTON (AFP) - A donors conference of international lending institutions and countries pledged a two-year, 324-million-dollar aid package for impoverished Haiti, the Inter-American Development Bank said. Read more...

SKorea says US$3bln bond issue a success
Posted on: Thu 09 Apr, 2009.
SEOUL (AFP) - South Korea said Thursday its first dollar-denominated state bond sale since 2006 was a success, with the issue increased to three billion dollars from two billion because of strong demand. Read more...

Singapore vows to change tax laws to remove havens
Posted on: Mon 06 Apr, 2009.
SINGAPORE (AFP) - Singapore has vowed to amend its tax laws within the year after being named in a list of countries that have not yet fully implemented global standards aimed at eliminating tax havens. Read more...

US Congress passes 3.5-trillion-dollar budget plan
Posted on: Fri 03 Apr, 2009.
WASHINGTON, (AFP) - The US Senate and House of Representatives passed separate versions of a massive budget signalling broad support for President Barack Obama's climate change and healthcare overhaul ambitions. Read more...

Canada to give US$10 billion to IMF
Posted on: Thu 02 Apr, 2009.
OTTAWA (AFP) - Canada is to give an extra 10 billion US dollars in emergency aid to the International Monetary Fund to assist emerging markets and developing countries, Prime Minister Stephen Harper said in a statement. Read more...

Africa urges tighter rules for world markets
Posted on: Thu 02 Apr, 2009.
ADDIS ABABA (AFP) - Africa on Thursday called for tighter controls of the global financial markets to avert further effects of the economic crisis that are adversely affecting the world's poorest region. Read more...


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