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Mon, 6 Feb 2012
(Photo: AP / Kamran Jebreili)Dubai abandons $10bn debt restructuring
Sheikh Zayed highway towers are seen at the skyline of Dubai, United Arab Emirates, Thursday, Sept. 17, 2009. Dubai World, the emirate's main holding company, said Thursday it is shifting executives and real estate from its property division Nakheel to the investment fund that owns Barneys New York and part of Cirque Du Soleil as it scrambles to convince lenders it can pay back its debts....Full Story

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(Photo: AP / Andrew Medichini)Italy’s Monti warns against deepening resentment in debt crisis, Soros fears lost decade
Italian Premier Mario Monti talks to the media during a press conference at the end of a meeting in Rome's Palazzo Chigi government's headquarters, Thursday, Dec. 15, 2011....Full Story

Debt   Eurozone   Italy   Photos   Wikipedia: European sovereign debt crisis  
World shares drop as Greece frustrates
| European Union leaders and investors alike grew ever more impatient with Greece's dillydallying on finalising agreements on the nation's debt reform measures needed to secure another bailout to prevent default. | In early afternoon trading in New York, the Dow Jones I...Full Story
Greek leaders baulk at pay, spending cuts
| Athens/Paris: German Chancellor Angela Merkel told Greece yesterday to make up its mind fast on accepting the painful terms for a new European Union/International Monetary Fund bailout, but the country's political leaders responded by delaying their decision for yet a...Full Story
Cyrus: 'Demi's Problems Are Nobody's Business'
| Teenage superstar Miley Cyrus has urged fans to stop speculating about Demi Moore's personal troubles, insisting it's "nobody's business" what's going on in the actress' private life. | The Ghost star, who split from husband Ashton Kutcher last November, reportedly ch...Full Story
Admiral sails into into choppy waters
Blue-chip motor insurer Admiral has been navigating choppy waters of late. | Admiral sails into into choppy waters  tag --> | Jamie Dunkley | 6:34PM GMT 06 Feb 2012 | Comments | The stock market darling which owns comparison site Confused.com, has faced a testing f...Full Story
Global stocks, euro stall on Greece worry
NEW YORK: Concern that Greece might not accept the terms of a proposed new bailout deal brought a rally in global shares to a halt on Monday, while the euro reversed losses as some shorts covered their bets. | US stocks edged lower, tracking European equities, while a g...Full Story
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   | Added At:  2012-02-06 9:51 PM |    Last Updated At: 2012-02-06 9:51 PM | The Himalayan Times - Saved Articles(s) | The headlines has been added to your saved article(s) | To View your saved article(s)please | Close --> Share | --> | Sw...Full Story
EU's Van Rompuy says Germany taking eurozone responsibility
| Berlin - European Council President Herman Van Rompuy chided Germany Monday for complaining at the cost of righting the eurozone crisis - but added he believed Germany was accepting responsibility at last. | In a speech prepared for delivery at Humboldt University in ...Full Story
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Finance News
Divided Auckland: NZ tax on rich among lowest in the world
Indonesian Economy Reaches 15-Year High
Open market requires complete liberalisation
Youth unemployment in Mena region disturbingly high — UN
Greek leaders baulk at pay, spending cuts
Europe's debt hits 82% of GDP despite spending cuts
Sanctions not expected to deliver knock-out blow to Iran economy
Dubai index surges to highest in five months
RELATED NEWS
Mon 6 Feb 2012
France, Germany press for Greek debt escrow account
Hartford Courant | PARIS (Reuters) - France and Germany called on Monday for Greece to hand over into a protected account the interest it pays on its debt to ensure it meets commitments to creditors. | Days after German proposals for external surveillance of Greece's...
France, Germany want closer control of Greek funds
STL Today | France and Germany on Monday sought to impose tighter controls on Greece's finances and warned political leaders in Athens to agree on new austerity measures soon if they didn't want to see their country go bankrupt. | President Nicolas Sarkozy of ...
SponsorPay Doubles Revenues of Creative Mobile’s Drag Racing, Partners With Outfit7, HandyGames, Apostek and Yuilop
Yahoo Daily News | SponsorPay, the leading international platform for mobile app monetization and distribution, has helped top developer Creative Mobile achieve two times the revenue of in-app purchases. In addition, the company has announced partnerships with leadin...
Merkel demands action as Greeks delay bailout talks
Zeenews Athens/Paris: German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day. | Fail...
Greek talks fail to produce deal
Gulf News | Athens: Greek Prime Minister Lucas Papademos held an emergency meeting with political allies yesterday after hours of "superhuman" negotiations with EU-IMF bailout auditors failed to produce a rescue deal. | George Papandreou, Antonis Sam...
Russian producers head to Berlin with new projects from Seidler and Lungin, Bondarchuk and Bekmambetov
Screen Daily | EXCLUSIVE: The King’s Speech writer David Seidler working on adaptation of Alexander Pushkin’s Queen of Spades with Pavel Lungin attached to direct. | The Russian Cinema Fund (RCF) is heading to Berlin’s EFM as the umbrella organisation for s...
Labor Loss Spurs Search of U.S. Churches, Libraries for Dropouts: Economy
Bloomberg | In the nation’s capital, city employees are scouring churches, libraries, and community centers to find people who have dropped out of the labor force and help them get jobs. | “The most surprising thing is the length of time people have been o...
Merkel: we refuse to accept a Greek bankruptcy
Hartford Courant | BERLIN (Reuters) - 801Germany will not accept Greece going bankrupt, Chancellor Angela Merkel said in an interview on Monday. | "We refuse to (accept) a Greek bankruptcy. We can't accept that," Merkel told ZDF German TV according to the channel's w...
Euro, shares slip
Independent online Fears that Greece might not accept the terms of a proposed new bailout deal brought a rally in global shares and the euro to a halt on Monday, undermining the positive effect of better global economic data. | US stocks edged lower, tracking European ...
Euro, shares fall as clock ticks on Greece
The Times Of India LONDON: Fears that Greece might not accept the painful terms of a proposed new bailout deal brought a rally in global shares and the euro to a halt on Monday, underming the positive effect of better global economic data. | U.S. stock index futures in...
Tradition-rich Cookware Maker Makes Major Move into America’s Kitchens
Yahoo Daily News | WMF is targeting U.S. market with an upper-end brand that appeals to food preparers with nutrition and the environment in mind. | Charlotte, NC (PRWEB) February 06, 2012 WMF Americas Group Inc., a fully owned subsidiary of the leading German cookwa...
Swiss bank Julius Baer expects fine in US tax case
Yahoo Daily News | GENEVA (AP) -- Swiss bank Julius Baer Group said Monday that it might have to pay a fine to settle allegations it helped American clients cheat on their taxes, but cautioned investors that the final outcome of the case was still uncertain. | Zurich...
France, Germany want closer control of Greek funds
Breitbart PARIS (AP) - France and Germany on Monday sought to impose tighter controls on Greece's finances and warned political leaders in Athens to agree on new austerity measures soon if they didn't want to see their country go bankrupt. | President Nicolas ...
France, Germany want closer control of Greek funds
The Associated Press PARIS (AP) -- France and Germany on Monday sought to impose tighter controls on Greece's finances and warned political leaders in Athens to agree on new austerity measures soon if they didn't want to see their country go bankrupt. | President Nicolas...
Warner Bros. Germany Signs Four-Picture Deal With Matthias Schweighofer
The Hollywood Reporter share Twentieth Century Fox The German actor scored a sleeper hit with his directorial debut "What a Man." | COLOGNE, Germany - Warner Bros. Entertainment in Germany has signed a four-picture deal with actor-turned-director Matthias Schweighofer and ...
Greek bailout deadline passes with no sign of a deal to stop it hurtling into default
The Daily Mail | Financial markets have slid into the red as a crucial €130billion bailout to save Greece from default hung in the balance today. | A deadline for Greek politicians to come up with a robust enough reform package to persuade eurozone and IMF su...
France, Germany want closer control of Greek funds
Atlanta Journal | PARIS — France and Germany on Monday sought to impose tighter controls on Greece's finances and warned political leaders in Athens to agree on new austerity measures soon if they didn't want to see their country go bankrupt. More business new...
ECB seen signalling March rate cut to record low
The Guardian * ECB seen holding rates, preparing for cut as soon as March * Market looking for ECB comment on end-Feb LTRO take-up * ECB's readiness to help Greece also eyed By Paul Carrel FRANKFURT, Feb 6 (Reuters) - The ECB is likely to keep interest rates on h...
Further plant closures seen in EU biodiesel sector
The Guardian * Cheap imports hit production in Italy, Spain * Tight vegetable oil supplies add to industry woe * Capacity utilization in EU below 50 percent By Nigel Hunt LONDON, Feb 6 (Reuters) - More plants are likely to be shuttered in the European Union's bio...
Europe’s Banks Reluctant to Aid Companies in Need of Cash
The New York Times | LONDON — European governments are not the only ones struggling with debt — so are some of the region’s companies. | As profits and sales slip, some European businesses are scrambling to pay their bills. With banks are reluctant to...
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Full StoryWorld shares drop as Greece frustrates
Full StoryGreek leaders baulk at pay, spending cuts
Full StoryAdmiral sails into into choppy waters
Full StoryGlobal stocks, euro stall on Greece worry
Full StoryWorld shares drop as Greece frustrates
Full StoryRun-up to proxy war over Syria
Full StoryWhile you were sleeping: Greece frustrates
Full StoryGreek leaders baulk at pay, spending cuts