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OECD fears euro woe to snap brittle world recovery
A homeless man sleeps in front of a closed shop in central AthensPARIS (Reuters) - The United States and Japan are leading a fragile developed world recovery that could be blown off course if Europe fails to contain the damage from its problem debtor states, the OECD said on Tuesday. It urged euro zone leaders to embrace all options for tackling the crisis, potentially including common bonds to go with the common currency. In its twice-yearly economic outlook, the Paris-based Organisation for Economic Co-operation and Development forecast that global growth would ease to 3.4 percent this year from 3.6 percent in 2011, before accelerating to 4. ...
Publ.Date : 2012-05-22T13:20:25Z
UN nuclear chief : Deal with Iran reached on probe
Director General of the International Atomic Energy Agency, IAEA, Yukiya Amano from Japan speaks to the media after returning from Iran at the Vienna International Airport near Schwechat, Austria, on Tuesday, May 22, 2012. Amano says he has reached a deal with Iran on probing suspected work on nuclear weapons and adds that the agreement will Despite some remaining differences, a deal has been reached with Iran that will allow the U.N. nuclear agency to restart a long-stalled probe into suspicions that Tehran has secretly worked on developing nuclear arms, the U.N. nuclear chief said Tuesday.
Publ.Date : 2012-05-22T13:10:45Z
Mali coup leader condemns president beating
Coup leader Captain Sanogo attends a ceremony as former parliament speaker Traore is sworn in as Mali's interim president in the captial BamakoBAMAKO (Reuters) - The leader of Mali's March 22 coup condemned the beating up of the interim president by pro-putchist demonstrators and called on Tuesday for a peaceful transition of power in the West African country. Caretaker President Dioncounda Traore suffered minor head injuries when protesters stormed his palace, the latest setback for efforts to stabilise Mali after the coup and deal with a subsequent revolt by northern separatists and Islamists. ...
Publ.Date : 2012-05-22T13:14:15Z
US futures mixed with worrisome news from Asia
In a photo made May 7, 2012, trader John Vaccarine, right, works on the floor of the New York Stock Exchange in New York. Wall Street was headed for a slightly lower open on Tuesday May 22, 2012, with Dow Jones industrial futures marginally down. (AP Photo/Richard Drew)U.S. stock futures were mixed Tuesday ahead of a report expected to signal further gains in the housing market, while a downgrade of Japan's credit rating sent an early shudder through the market.
Publ.Date : 2012-05-22T13:15:57Z
ECB's Constancio: doesn't expect Greece to exit euro
HONG KONG (Reuters) - European Central Bank Vice President Vitor Constancio said on Tuesday he does not expect Greece would exit the euro and urged Athens to work with Europe to remove the risk of its crisis spreading to other countries. "I don't think the worst is going to happen in Europe. I don't anticipate Greece will exit ... but it doesn't mean Greece will not face a difficult situation," Constancio said in a panel discussion at a conference held by the Institute of Regulation and Risk, North Asia, in Hong Kong. ...
Publ.Date : 2012-05-22T13:17:43Z