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Friday, 20 July 2012 12:40 |
AFP Photo / Georges Gobet Eurozone finance ministers have approved a deal to lend up to 100 billion euro to Spain so it can recapitalise its banks.But the exact size of the loan will only be disclosed in September,
Ministers will agree on the terms of the aid with Spain, which will be fully disbursed by the end of 2013. But before Spain can... |
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Friday, 20 July 2012 01:58 |
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President seen for first time since blast that killed three top officials, while Russia and China veto censure of regime Bashar al-Assad surfaced in Damascus to swear in a new defence minister to replace one of the three top officials whose killing stunned his regime as rebel fighters took over the country's border crossings into Turkey and Iraq... |
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Thursday, 19 July 2012 23:15 |
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• US: China and Russia on wrong side of Syrian people
• Russia says countries 'attempted to fan flames of conflict'
• Rebels take full control of Azzaz near Turkish border
• Catch up with the day's earlier developments here 5.35pm ET / 10.35pm BST: Here's the latest summary of today's events: • The US has condemned Russia and China's veto of a new... |
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Tuesday, 17 July 2012 14:35 |
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Russia and the US are nearing the completion of one of the most unusual joint programs. The agreement on the processing of uranium for nuclear power plants for deliveries to the U.S. was fulfilled 90 percent. The U.S. recycled Russian uranium suitable for nuclear weapons and secured energy supply of every tenth house using recycled Soviet uranium... |
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Tuesday, 17 July 2012 08:31 |
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Russian President Vladimir Putin arrived by helicopter in the flood-affected town of Krymsk. The President asked Governor Tkachev to explain what was happening. The governor began his answer with words of gratitude for the support from the head of state. "As for thank-yous - knock it off. Give me the details," Putin interrupted him... |
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Friday, 13 July 2012 15:47 |
Reuters / Brendan McDermid Twelve global banks, including the Bank of America, Citigroup, JP Morgan Chase could be fined for interest rate fixing that totals almost $22 billion according to estimates. More banks are likely to be punished for rigging their Libor submissions – the London Interbank Offered Rate at which banks lend to each other – and f... |
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Friday, 13 July 2012 14:19 |
JPMorgan Chase says the loss from a highly publicized trading blunder had grown to $4.4 bln, more than double the bank's original estimate of $2 bln. The US largest bank has released figures on the extent of its losses from its "London Whale" trades at its London-based Chief Investment Office. Previous estimates put the loss at $9 billion.
The... |
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Friday, 13 July 2012 14:03 |
Spanish banks are increasing their reliance on the European Central Bank, as they borrowed a record 365 billion euro, compared to 324.6 billion euro in May, according to the Bank of Spain. As Spanish borrowing cost surged to about 6.7%, the country’s access to the international markets becomes tougher, forcing Spain to refocus on the ECB loans. The... |
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Friday, 13 July 2012 11:52 |
Kirsan Ilyumzhinov (RIA Novosti / Vladimir Fedorenko) The President of the World Chess Federation and ex-president of Russia’s Republic of Kalmykia, Kirsan Ilyumzhinov is reportedly going to set up a $10 billion investment fund with UK major Ashmore Group. Ilymzhinov and Ashmore CEO Mark Coombs signed an agreement in London, reports Kommersant ... |
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Friday, 13 July 2012 11:39 |
Timothy Geitner (AFP Photo / Adek Berry) U.S. Treasury Secretary pressed the Bank of England in June 2008 to change the way the key Libor interest rate benchmark was set, a report shows. But many question whether the Fed did enough to stop the foul play when detected. Timothy Geithner, who was the head of the New York Federal Reserve Bank at the ... |
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