Archive for December 2012
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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.
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Farm-state lawmakers have agreed on a one-year extension of a farm law that, if enacted, would head off a possible doubling of US milk prices to $7.OO or more a gallon in 2013. The compromise
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Egypt's central bank introduced a new currency regime on Sunday to conserve its foreign reserves, which it said had reached a critical level, a move bankers and analysts say may represent a controlled shift towards
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South Korea's POSCO, its affiliate POSCO Coated & Color Steel Co Ltd, Hyundai Hysco Co Ltd and four other steel makers have been fined a combined 291.7 billion won ($273.5 million) for fixing prices for
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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
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Prime Minister David Cameron said on Sunday Britain was heading in the right direction on all its major issues and could look forward to 2013 with realism and optimism. In a New Year video message,
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Bolivia nationalised electric utilities owned by Spain's Iberdrola Saturday, sending police and troops to enforce the latest expropriation ordered by the populist leader of South America's poorest nation. President Evo Morales announced a decree targeting
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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
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District cooling firm Tabreed has agreed to issue 1.13 billion dirhams ($308 million) in convertible bonds to Abu Dhabi fund Mubadala on December 31, the firm said on Sunday, as part of a recapitalisation plan
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District cooling firm Tabreed has agreed to issue 1.13 billion dirhams ($308 million) in convertible bonds to Abu Dhabi fund Mubadala on December 31, the firm said on Sunday, as part of a recapitalisation plan
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