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Sunday, 29 January 2012

IMF leads global push for eurozone to boost firewall

Davos, Switzerland: International Monetary Fund chief Christine Lagarde led a global push on Saturday for the euro zone to boost its financial firewall, saying "if it is big enough it will not get used." Lagarde, supported by the British finance minister, George Osborne, said the IMF could boost its support for the euro zone but pressed its leaders to act first. Some attendees at the Davos Forum still doubted the viability of the currency union. Countries beyond the 17-country bloc want to see...

Full Story: Zeenews

More Business News Stories

Social media is a boon to startups who do it right The Examiner

If your startup can’t be bothered with social media, or has no plan to take advantage of it, then you are definitely at risk these days. But simply jumping in is not enough. Before you start spending money and time being a user, you need to understand how it can help you and your business....

Sarkozy to unveil reforms in election speech France24

AFP - President Nicolas Sarkozy takes to the airwaves on Sunday to unveil reforms aimed at lifting France out of the economic doldrums and boosting his credibility ahead of elections he is tipped to lose to a Socialist. The hour-long television interview to be broadcast on six different stations...

Greek premier seeks unity on austerity drive France24

AFP - Greek Prime Minister Lucas Papademos met on Sunday with top political allies to rally them behind new austerity measures that must be in place for Athens to receive a second bailout from the EU and IMF. The meeting began at midday at Greek government headquarters and was attended by...

German minister backs call for Greek budget policing France24

AFP - German Economy Minister Philipp Roesler backed beefed-up EU monitoring of Greece in an interview to be published on Monday, after Athens dismissed calls for it to give up control over its budget. Roesler, who is also Germany's vice chancellor, told the daily Bild that the European...

Vatican rewrites law in bid to make 'white list' NZ Herald

The Vatican has rewritten its 2010 anti-money laundering law after European inspectors found it did not fully meet their tough standards to combat the financing of terrorism. The new law requires the Vatican to create a list of terror organisations based on those issued by the United Nations and...

School stationery rules irk parents NZ Herald

Parents are frustrated at schools' exclusive stationery supplier deals which they believe are stopping them from getting the best bargains. Tens of thousands of children start back at school tomorrow but The Warehouse says some schools are causing financial hardship by directing parents to buy...

Poll: What's your biggest financial challenge? Newsday

Each week, the business section of Newsday.com asks readers to take a poll on a financial question and leave comments. Each Sunday, Newsday publishes the results of the poll and some of the reader comments. Join the conversation. This week's question: What is your biggest financial...

Republican leaders expect payroll tax deal Hartford Courant

WASHINGTON (Reuters) - Top Republican lawmakers on Sunday said they expect to forge a deal with to extend the payroll tax cut before it expires at the end of February but offered no specifics on how they would pay for it. "I'm confident that we'll be able to resolve this fairly...

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