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Archive for  December 2012

    • News Desk
    • Dec 21st, 2012
    • Comments Off on Post BoJ profit-taking weighs on Asian forex

    Most emerging Asian currencies slid on Thursday as investors used the Bank of Japan's policy stimulus news as a chance to book profits amid stalled US fiscal talks. The Indonesian rupiah fell against the dollar

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  • Sterling traded near a 7-1/2 month low against the euro on Thursday after UK retail sales data fell short of expectations and kept alive the chances of more monetary easing in coming months. The euro

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  • Flash floods have killed at least 25 people in Sri Lanka and left more than a quarter of a million marooned in their homes, disaster officials said Thursday. Heavy rains, which have battered the island

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    • News Desk
    • Dec 21st, 2012
    • Comments Off on Ecuador central bank chief resigns over faked degree

    Ecuador's central bank president has resigned over revelations he used a bogus university degree to get into a graduate school and study business. Pedro Delgado acknowledged he never completed his economics studies at Ecuador's Catholic

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    • News Desk
    • Dec 21st, 2012
    • Comments Off on Indian court allows Italian marines home for Christmas

    An Indian court on Thursday allowed two Italian marines awaiting trial for shooting two fishermen to go home for Christmas, despite prosecution fears that they will not return. The marines shot dead the fishermen off

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    • News Desk
    • Dec 21st, 2012
    • Comments Off on Egyptian prosecutor suddenly retracts resignation

    Egypt's chief public prosecutor, forced to quit this week after opposition protests, retracted his resignation on Thursday, setting the stage for more turmoil as the nation votes in a referendum on its political future. Prosecutor

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    • News Desk
    • Dec 21st, 2012
    • Comments Off on French president recognises ‘brutal’ rule of Algeria

    French President Francois Hollande on Thursday acknowledged France's "brutal" colonial rule over the Algerian people, without having to apologise, as he sought to launch a new era in ties on a two-day visit. "Over 132

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  • Iraqi President Jalal Talabani, a key figure who has long sought to bridge bitter divides in his war-scarred country, arrived in Germany Thursday for treatment after he suffered a stroke. German Foreign Minister Guido Westerwelle

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    • News Desk
    • Dec 21st, 2012
    • Comments Off on Europe launches major British military satellite

    A European rocket has launched a major satellite designed to expand telecommunications for the British military from the Kourou space base in French Guiana, flight operators said. Skynet 5D - the fourth in Britain's new

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    • News Desk
    • Dec 21st, 2012
    • Comments Off on BBC takes another hit over executive pay

    Reeling from the Jimmy Savile sex abuse scandal, the BBC came in for another round of criticism on Thursday over the huge payoff it agreed for its former director general, who quit last month over

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