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EU mismanaging €1bn Egypt aid - report
The European Union is failing to ensure that hundreds of millions of euros in aid to Egypt is used effectively and to make the Islamist government tackle corruption and human rights abuses, a European Court of Auditors report ...
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EUs 1 bn euro aid to Egypt ineffective
Catherine Ashton of the EU with Egypt's Mohamed Kamel Amr at an aid deal signing ceremony in Cairo last November. A billion euros of EU aid channelled to Egypt before and after the January 2011 uprising that ended Hosni Mubarak's reign failed to improve human rights and governance, or reduce corruption, auditors said ...
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Britains FTSE rises as traders buy beaten-down banks
* Lower house votes against debate* Government warns of pending U.S. indictments* Bern scrambles to limit potential damage if bill rejected* More than a dozen banks under investigation* Bill referred back to upper house for debate, voteBy Katharina BartZURICH, June 18 (Reuters) - Switzerland's lower house ...
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UPDATE 1-Euro zone must agree bank recaps on Thursday - EUs Rehn
Tue Jun 18, 2013 12:34pm EDT * ESM bank recap rules still need to be agreed by ministers * Rehn confident French pension reform will be ambitious PARIS, June 18 (Reuters) - Euro zone finance ministers must hammer out an agreement at a meeting later this week over how to recapitalise banks, the European Union's top economic official said on Tuesday. The bloc's leaders agreed in June 2012 ...
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FTSE to rise 6 percent by year end
Reuters © A worker shelters from the rain as he passes the London Stock Exchange in the City of London at lunchtime October 1, 2008. REUTERS/Toby ...
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U.S. to resume talks with Taliban
The end of the beginning ," the White House on Tuesday announced plans for direct talks with Afghanistan's Taliban militia, but cautioned against expecting any quick breakthrough that might speed the end of America's longest war. Among the likely items on the agenda: The return of U.S. Army Sergeant Bowe Bergdahl, held captive by the Taliban-allied Haqqani network since 2009. ...
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US and Taliban to start talks in Qatar office
war in Afghanistan as the Islamic militant movement opened an office in Qatar. American officials with the Obama administration said the office in the Qatari capital of Doha was the first step toward the ultimate U.S.-Afghan goal of a ...
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Emerging Markets Concerns Take Hold as Signs of Stability Boost Eurozone
But while allocations to the eurozone and U.S. rose, investment in global emerging market equities fell to their lowest since December 2008. A net 9 percent of asset allocators are now underweight emerging market equities - the first underweight reading since 2009 and down from a net 3 percent overweight reading last month. Investors now identify a China hard landing as the greatest tail risk - ...
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European Union Audit Criticizes Foreign Aid Program
BRUSSELS ...
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Germanys Peter ruled out of Womens EURO
"I'm unbelievably disappointed," said Germany defender Babett Peter after she became the sixth player to be ruled out of her side's UEFA Women's EURO 2013 campaign through ...
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Demonstrators flood Brazilian streets in protest
Protesters massed in four Brazilian cities Monday in what they hoped would be their biggest demonstrations yet against a hike in public transport fares, stoking fears of more clashes with police and raising questions about security during big events like the current Confederations Cup and a papal visit next ...
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G-8 and beyond The world according to Obama
President Barack Obama meets with Russian President Vladimir Putin in Enniskillen, Northern Ireland, Monday, June 17, 2013. Obama and Putin discussed the ongoing conflict in Syria during their bilateral ...
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UniCredit Among European Banks Needing More Capital ICV Says
UniCredit SpA (UCG), Intesa Sanpaolo SpA (ISP) and Commerzbank AG (CBK) are among banks in Europe most susceptible to stress because they didn't deleverage enough, according to a study by Switzerland's Independent Credit View. The rating company found that 25 banks in Germany, Italy, Spain, the ...
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US to begin meetings with Taliban
political office Tuesday in Doha as a stepping stone to full Taliban renouncement of al-Qaida. In Doha, a Qatari official confirmed that the Taliban office was open. The administration officials say the U.S. and Taliban representatives will hold bilateral meetings, then it is expected that Afghan President Hamid Karzai's High Peace Council will follow up with its own talks a few days ...
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Taliban to open office for peace talks
Zabiullah Mujahid , said in a statement emailed to The Associated Press on Tuesday that the group opposes the use of Afghan soil to threaten other countries and supports the negotiating process. Those two statements have been a key demand of both the U.S. and Afghan governments before talks can begin. There have been unconfirmed reports that the Doha office opening will be announced in the ...
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European Commission holds minting of Slovakian euro bearing images of saints
The European Commission has ordered the National Bank of Slovakia not to mint new euros that would feature images of Sts. Cyril and Methodius, the New York Times reports. Each member-state within the European Union has the authority to mint its own versions of the euro, incorporating its own national designs. But the European Commission ruled that the Slovakian design, hailing the 1,150th ...
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Bombing at Pakistani funeral kills 27
PESHAWAR, Pakistan -; A suicide bomber blew himself up in a crowd of hundreds of mourners attending a funeral in northwestern Pakistan on Tuesday, killing 27 people. Among those killed was a newly-elected lawmaker who may have been the target, authorities ...
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G8 Deal on tax and money-laundering reached
Northern Ireland .It is hoped that international agreement on new rules will make it more difficult to set up companies in offshore tax havens which carry out no business activities but are used to conceal the ultimate owners of taxable assets.Following discussions with the leaders of the G8 countries - the UK, US, France, Germany, ...
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New Issue-Commerzbank prices 500 mln euro 2018 bond
June 18 | Tue Jun 18, 2013 9:23am EDT June 18 (Reuters) -Following are terms and conditions of a bond priced on Tuesday. Borrower Commerzbank AG Issue Amount 500 million ...
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Protection against post-QE euro stocks swings still cheap
Tue Jun 18, 2013 9:04am EDT * Volatility expected to increase as end of QE3 nears * VSTOXX jumped to more than twice current level after QE2 * Cost of options rise most for June expiry, cheaper later By David Brett LONDON, June 18 (Reuters) - Demand has risen for short-term protection against European share price swings but investors can still insure relatively cheaply against the volatility ...
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Euro zone single supervision launch may face three-month delay
Reuters © Pedestrians walk towards the (L-R) Irish, Greek, Spanish and French national flags outside the European Parliament in Brussels May 3, 2013. REUTERS/Francois ...
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Russia G-8 declaration wont mention Assads fate
ENNISKILLEN, Northern Ireland -; A senior Russian diplomat says the G-8 summit's joint statement on ending the Syrian civil war will not mention whether Bashar Assad must step down from power as part of any peace ...
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Intel chief Lawmakers demanding more info on NSA
WASHINGTON -; The chairman of the House Intelligence Committee said Tuesday lawmakers are worried about the possibility of further disclosures about the government's sweeping electronic surveillance and the impact that could have on efforts to combat ...
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Financials leads UKs FTSE higher
- Britain's top share index rose on Tuesday, aided by broker upgrades for some of its financial heavyweights in cautious trade ahead of a meeting of the US Federal Reserve. The FTSE 100 was up 46.26 points, or 0.7 percent, at 6,376.75 by 12:24 Sa time, with financials, which include banks, asset managers and insurers, contributing 24 points to the advance. HSBC rose 2.2 percent, alone ...
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Easing of Slump Wont Halt Euros Decline
Euro Zone Faces Make-or-Break Summer ) The euro has largely been a story of reverse diversification in foreign currency, he said. The recent fall in emerging market currencies has meant reserve managers are accumulating fewer dollar reserves to diversify into euros, with China making clear that they want fewer reserves in the first pace, he said. "The euro could well finish the year weaker ...
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