IBT Staff Reporter

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Plea to fill gaps in mental health

The government has been urged by mental health experts to provide more funds for the management of patients with severe psychotic illness in order to cut the demand on acute care beds in hospital.

Flu vaccine is safe, say doctors

Doctors in Canberra are moving to calm the concerns about the seasonal flu vaccination, to reassure adults that it remains safe for use.

UBS deal not to be tied to bonus issue: Swiss President

Switzerland's economy minister said she hoped parliament would not link a deal between UBS and the United States on disclosing secret bank accounts with questions such as bankers' bonuses, the newspaper Sonntag reported on Sunday.

Senators near agreement on financial regulation

Senators negotiating financial regulatory reform legislation said on Sunday they were close to a bipartisan agreement, as the White House said fraud charges against Wall Street titan Goldman Sachs highlighted the need for reform.

Profits still hold key; Greece's debt

Wall Street is heading into another earnings blitz this week and the prospects of strong results from bellwethers like Caterpillar Inc and 3M Co should propel indexes to new recovery highs.

Senators close to deal on financial regulation

Senators negotiating financial regulatory reform legislation said on Sunday they were close to a bipartisan agreement, but conceded they may not get a deal before a crucial Senate vote on Monday.

Goldman emails show need for transparency: Summers

Emails sent by Goldman Sachs Group Inc's executives on money the firm made by betting against risky mortgage securities highlight the need for transparency in financial markets, senior White House adviser Lawrence Summers said on Sunday.

Geithner says reforms will benefit Wall Street

Treasury Secretary Timothy Geithner said on Sunday that proposals to more tightly regulate the financial sector are not a threat and will ultimately be a benefit to banks by making them more credible.

UAE banks likely to take Dubai World hit in Q2

UAE banks are likely to face the brunt of the Dubai World restructuring in the second quarter, after the central bank told lenders they are not required to book provisions until there is more clarity.

Canada says expects Greek aid package to grow

Canada said on Sunday it expected a 45 billion euro ($60.49 billion) rescue package for Greece to grow in size as doubts emerged over whether the joint EU-IMF aid would be enough to avert a default.

Shortsighted to oppose bank tax, IMF warns

Countries that weathered the global economic crisis with their financial systems relatively unscathed are being shortsighted by opposing a global bank levy, the IMF's chief said on Saturday.

Germany, France signal hard line with Greece

European heavyweights Germany and France vowed on Sunday to take a hard line with Greece in exchange for financial support as doubts emerged over whether a 45 billion euro ($60.2 billion) aid package was sufficient to prevent a default.

Germany set to defend euro, wants tougher EU rules

Germany will aid Greece in defense of Europe's shared currency if Athens enforces austerity measures, Foreign Minister Guido Westerwelle said on Sunday, in a speech also calling for tighter EU budget rules.

New austerity a precondition for Greek aid: Germany

Greece must agree to tough new austerity measures before it receives any financial aid from the European Union and failure to do so would endanger such support, German Finance Minister Wolfgang Schaeuble told a newspaper.

Japan firms to standardize mobile software: report

Four major Japanese electronics companies will standardize their core software platform for next-generation cellphones aimed at reducing costs and raising competitiveness, the Nikkei business daily reported on Sunday.

Israel lifts ban on imports of Apple iPad

Israel will begin allowing people to bring Apple iPads into the country starting on Sunday, two weeks after customs began confiscating the tablet computers for fear they would interfere with other wireless devices.

Greece races for rescue, some fear not enough

Finance leaders scrambled to secure aid for debt-stricken Greece on Saturday and Canada cautioned that some European countries feared the 45 billion euros ($60 billion) under consideration was not enough.

JAL seen posting loss of $1.7 billion: report

Debt-ridden Japan Airlines is forecast to have posted a group operating loss of about 160 billion yen ($1.7 billion) for the financial year that ended in March, Japan's Sankei newspaper reported on Sunday.

IMF eyes data mission to Argentina

The IMF and Argentina are talking about sending an IMF technical mission to the country to improve the quality of the government's economic data, a senior IMF official said on Saturday.

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