IBT Staff Reporter

121801-121830 (out of 154945)

Dutch state asks more time for ABN, Deutsche deal

The Dutch state has asked the European Commission (EC) for more time to reach agreement over the sale of some ABN AMRO [ABNNV.UL] assets to Deutsche Bank, the Dutch Finance Ministry said on Saturday.

G20 says stimulus to stay; struggles on bank pay

G20 finance leaders on Saturday agreed to coordinate a removal of emergency economic packages when recovery takes firm hold but they struggled on the detail of measures to rein in bank pay and lending rules at the root of the recent crisis.

WTO says Airbus loans illegal - U.S. politicians

The World Trade Organisation ruled on Friday that European loans for Airbus were illegal subsidies under world trade rules, U.S. lawmakers said, but European sources said Washington did not win a sweeping victory.

G20 tackles bank pay, lending rules

G20 finance leaders struggled on Saturday to pin down specific measures to tighten bank pay and lending rules to prevent a repeat of the financial chaos that triggered the worst global recession in decades.

Chavez to visit gas-rich Turkmenistan

Venezuelan President Hugo Chavez, a proponent of a global gas suppliers' cartel, will visit Central Asia's main gas producer Turkmenistan on Sunday and Monday, Turkmen leader Kurbanguly Berdymukhamedov said on Saturday.

Palestinian teen killed in Gaza shooting

A 14-year-old Palestinian boy died on Saturday after being wounded in a shooting incident involving Israeli soldiers in the northern border town of Beit Hanoun, Palestinian medical workers said.

NATO seeks to calm Afghans after deadly air strike

NATO officers met air strike victims and their families in Afghanistan on Saturday and their commander took to the TV airwaves in a bid to cool anger over an incident that undermines efforts to win hearts and minds.

Obama unveils measures to spur retirement saving

U.S. President Barack Obama announced new measures on Saturday to encourage Americans to save more money for retirement, a move the White House said would put the economy on a stronger footing in the future.

China sacks Party boss of strife-torn western city

China sacked the top official of the strife-torn city of Urumqi as well as the regional police chief on Saturday, as the town crept back to calm after days of sometimes deadly protests that inflamed ethnic enmity.

G20 warms to tough U.S. bank plan

G20 finance leaders sketched out plans on Saturday that would force conservative rules on banks to curb risky lending blamed for triggering the financial crisis.

G20 united on stimulus, divided on bank reform

The world cannot be complacent about economic recovery and will need to keep emergency stimulus packages in place well into next year, British Prime Minister Gordon Brown said on Saturday.

G20 draft agrees stimulus to stay, curbs on bank pay

G20 finance leaders pledged on Saturday to keep economic life-support packages in place for now, slap tighter controls on bankers' pay and give a bigger voice to emerging markets in the international institutions.

Vietnam bloggers arrested over China shirt protest

Vietnamese police have arrested two bloggers and a journalist for their involvement in a plan to print T-shirts opposing China's investment in a bauxite mining project and its claims over disputed islands, sources said.

Five banks closed by U.S. regulators

Bank regulators closed four Midwestern banks and one in Arizona on Friday, bringing to 89 the number of U.S. banks to fail this year as deteriorating loans continue to take their toll on financial institutions.

SEC chiefs in dark as Madoff evaded junior staff

Top U.S. Securities and Exchange Commission officials were in the dark that staff were probing Bernard Madoff until the former financier was arrested in December 2008 for running a $65 billion Ponzi scheme, a federal watchdog said in a report released on Friday.

SEC chiefs in dark as Madoff conned junior staff

Former U.S. Securities and Exchange Commission chairmen and directors were generally unaware that staff were probing Bernard Madoff until the former financier was arrested in December 2008 for running a $65 billion Ponzi scheme, a federal watchdog said in a report released on Friday.

Amazon offers to replace deleted copies of 1984

Amazon.com Inc said it would replace copies of digital books that it purposefully deleted from its customers' electronic readers this summer, as the online retailer sought to make amends for the controversial incident.

Top SEC officials unaware of Madoff probes: report

Former U.S. Securities and Exchange Commission chairmen and directors were generally unaware that staff were probing Bernard Madoff until the former financier was arrested in December 2008 for running a $65 billion Ponzi scheme, a federal watchdog said in a report released on Friday.

CFTC sheds new light on funds in commodities

Money managers were mostly net long on major U.S. commodities in the week to September 1, according to a government report issued on Friday to increase transparency on hedge fund bets in the markets.

Pages