| | |
| With hours remaining, fiscal deal uncertain Sunday, Dec 30, 2012 11:18 AM PST  WASHINGTON (Reuters) - The chances of a deal to prevent the economy from tumbling over a "fiscal cliff" remained uncertain on Sunday as lawmakers haggled over how to prevent taxes for all Americans from rising on New Year's Day. Aides to Senate Majority Leader Harry Reid, a Democrat, and Senate Republican leader Mitch McConnell worked on a compromise to stop automatic tax hikes for most Americans on January 1. Any agreement needs to be rushed through both chambers of Congress before midnight on Monday. One Democratic Senate aide said it was uncertain whether the leaders would reach an accord. ... Full Story | Top |
| Republican Senator says chances very good for limited "fiscal cliff" deal Sunday, Dec 30, 2012 08:49 AM PST WASHINGTON (Reuters) - Republican Senator Lindsey Graham said on Sunday that chances for a limited "fiscal cliff" deal in the next 48 hours were "exceedingly good," as talks to avoid tax increases and spending cuts on New Year's Day went down to the wire. "I think people don't want to go over the cliff if we can avoid it," Graham, a leading conservative, said on Fox News Sunday. ... Full Story | Top |
| Obama says failure to reach fiscal deal would hurt markets Sunday, Dec 30, 2012 08:05 AM PST  WASHINGTON (Reuters) - Financial markets would be affected adversely if U.S. lawmakers fail to agree on a "fiscal cliff" deal before Tuesday, President Barack Obama said in an interview broadcast on Sunday, while urging Congress to act quickly to extend tax cuts for middle-class Americans. Lawmakers are seeking a last-minute deal that would set aside $600 billion in tax increases and across-the-board government spending cuts that are set to start within days. ... Full Story | Top |
| Merkel's rival Steinbrueck says euro zone austerity too severe Sunday, Dec 30, 2012 06:56 AM PST  BERLIN (Reuters) - Former German Finance Minister Peer Steinbrueck, who is running against Chancellor Angela Merkel in next year's election, said austerity measures being imposed on struggling euro zone countries were too severe. In an interview with the Frankfurter Allgemeine Sonntagszeitung (FAS), Steinbrueck said austerity measures were pushing some countries to do too much too soon. He said there would be massive protests in Germany if such a heavy dose of austerity were to be imposed so quickly. ... Full Story | Top |
| Egypt pound hits record low under new currency regime Sunday, Dec 30, 2012 05:36 AM PST CAIRO (Reuters) - The Egyptian pound hit a record low against the dollar on Sunday as worried Egyptians shifted their money out of local currency after the central bank introduced a new currency regime to protect foreign reserves. The new regime, announced on Saturday and which includes regular currency auctions, seemed to represent a controlled shift towards a free float after the central bank spent more than $20 billion in reserves over the past two years to defend the pound, according to bankers. ... Full Story | Top |
| Stung Bankia investors look to courts for justice Sunday, Dec 30, 2012 02:49 AM PST  MADRID (Reuters) - Spanish savers and pensioners who have seen their money wiped out by investing in state-rescued lender Bankia are likely to seek redress in court rather than wait for any official inquiry, which looks increasingly unlikely. About 350,000 stockholders will share the pain of the bank's European bailout, many of them bank clients who were sold the shares through an aggressive marketing campaign for its stock market flotation in 2011. ... Full Story | Top |
| Germany to avoid recession in 2013- employer association head Sunday, Dec 30, 2012 02:21 AM PST BERLIN (Reuters) - Germany will avoid recession in 2013 and achieve growth rates similar to 2012, Dieter Hundt, leader of Germany's employer association, said in an interview with Reuters. "I'm expecting that we won't experience recession in Germany next year and the economy will once again grow at similar levels as this year," Hundt said. The German economy has so far managed to fend off the euro zone's troubles, expanding by 4.2 percent in 2010 and 3 percent last year. The country's gross domestic product in 2012 is expected to grow by about 0.9 percent. ... Full Story | Top |
| Egypt PM sees IMF talks resuming in January Sunday, Dec 30, 2012 02:12 AM PST CAIRO (Reuters) - Egyptian Prime Minister Hisham Kandil said on Sunday he expected a resumption of talks in January with the International Monetary Fund on a $4.8 billion loan. He was speaking during a news conference to announce a "national economic initiative" which he said aimed to build consensus around the government's economic program. "We hope that there will not be any fundamental changes in our plan with the IMF because we will summon them in January so we resume discussions to go forward in the matter of the loan," Kandil said. (Writing by Tom Perry; Editing by Susan Fenton) Full Story | Top |
| Sudan's oil production rises to almost 140,000 bpd: minister Sunday, Dec 30, 2012 12:21 AM PST KHARTOUM (Reuters) - Sudan has managed to boost oil production to almost 140,000 barrels per day and plans to add another 10,000 bpd next year, its oil minister said on Saturday after the African country launched a new oilfield. Sudan has been stepping up oil and gas exploration after losing three-quarters of its former output, or 350,000 bpd, when South Sudan seceded last year. The loss of oil revenue, the main source of state income and the hard currency needed to fund imports, has thrown the economy into turmoil. ... Full Story | Top |
| Angola leaves benchmark rate unchanged at 10.25 pct Sunday, Dec 30, 2012 12:14 AM PST  LISBON (Reuters) - Angola's central bank has left its benchmark interest rate unchanged at 10.25 percent for the 11th consecutive month. The bank said in a statement that its monetary policy committee had met on Friday and reached the decision to leave the rate unchanged after analysing indicators on inflation and economic growth from November. Full Story | Top |
| Senate leaders work to avoid New Year's "fiscal cliff" Saturday, Dec 29, 2012 03:51 PM PST  WASHINGTON (Reuters) - Congressional negotiators burrowed into their offices on Saturday to see if they could stop the U.S. economy from falling off of a "fiscal cliff" in just three days when the biggest tax increases ever to hit Americans in one shot are scheduled to begin. Aides to Senate Majority Leader Harry Reid, a Democrat, and Senate Republican leader Mitch McConnell worked through the day on a possible compromise that would set aside $600 billion in tax increases and across-the-board government spending cuts that are set to kick in next week. ... Full Story | Top |
|
No comments:
Post a Comment