UNITED NATIONS

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Greek rescue mission lifts metal prices

With the International Monetary Fund (IMF) and European Union chipping in to rescue Greece from the financial mess by announcing schemes worth billions of dollars, the biggest beneficiary is metal market.

Greece sees rescue deal on Saturday, thousands protest

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Greece expects to conclude talks with European Union and IMF officials on a multi-billion euro financial bailout on Saturday, a government official said, while thousands protested in Athens against planned state cutbacks.

China gains clout in World Bank vote shift

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China overtook large European nations in a shift in voting power at the World Bank on Sunday that was designed to give emerging economies greater influence in the global development institution.
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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.
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IMF offers Greece help, talks set for April 12

The International Monetary Fund is ready to contribute financing for Greece through a multi-year stand-by loan arrangement and will hold talks on the matter in Brussels on April 12, IMF Managing Director Dominique Strauss-Kahn said on Sunday.
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Greece eyes U.S. investors for new bond: report

Greece will launch a multi-billion dollar bond in the United States this month, selling itself for the first time as an emerging market as demand for its debt dwindles in Europe, the Financial Times reported.
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Greece wants to amend EU aid deal, bypass IMF: report

Greece's government, concerned that the IMF would impose tough conditions in exchange for aid, wants to amend a deal struck at an EU summit last month to bypass an IMF financial contribution, senior government sources in Athens told Market News International.
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IMF, ratings agencies praise Irish bad bank launch

Ireland's extensive support for its banks has been vital to maintaining financial stability, the International Monetary Fund said on Thursday, as ratings agencies praised decisions taken by the country's bad bank this week.
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Iceland hopes for IMF review within weeks

Iceland's economics minister said on Sunday he was hopeful that a review by the International Monetary Fund could be completed within weeks, potentially releasing crucial aid for the crisis-hit nation.
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Germany, France agree on plan to help Greece

The leaders of Germany and France clinched agreement on a joint European-IMF financial safety net for debt-stricken Greece just before an EU summit on Thursday, the French president's office said.
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U.N. agency punished Somalia whistleblower

The United Nations Ethics Committee has upheld complaints by a former employee of the U.N. Development Programme who said he suffered retaliation from the UNDP for alleging that its Somalia programme was corrupt.
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U.N. climate chief Yvo de Boer to quit in July

U.N. climate chief Yvo de Boer will step down to join a consultancy group as an adviser, he said on Thursday, two months after a Copenhagen summit failed to support a legally binding climate pact.
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U.N. vents frustration at stalled arms control forum

The United Nations vented frustration on Thursday at the lack of progress at the world's only multilateral disarmament negotiating forum, calling on its members to show more flexibility and get down to work.
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Foreign food aid trickles into Haiti's black market

Blocks from where U.S. and U.N. soldiers distribute sacks of rice to Haitian women in earthquake-shattered Port-au-Prince, street vendors are openly selling rice by the cup from bags stamped with U.S. flags.
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World unemployment to stay at 2009 record :U.N.

The number of jobless worldwide this year is likely to remain around 2009's record levels, with unemployment edging higher in rich countries but stabilising or declining elsewhere, the International Labour Organisation said.
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At least 36 U.N. personnel killed by Haiti quake

The United Nations said on Thursday at least 36 of its personnel were killed in this week's earthquake in Haiti, the worst loss of life the world body has ever suffered in a single incident.
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Red Cross website helps Haitians trace loved ones

Thousands of Haitians at home and abroad are trying to get in touch with each other through a website set up after the devastating earthquake, the International Committee of the Red Cross said on Thursday.
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Up to 200 U.N. staff missing after Haiti quake

Up to 200 international United Nations staff in Haiti, including peacekeepers, remain unaccounted for after its headquarters and other buildings collapsed in a devastating earthquake, a spokeswoman said on Thursday.

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