Economics,Politics
Carney Says Banks Should Focus on Customers, Not Ferraris
28.02.2013 14:58
Bloomberg: Banks should work to restore public trust in their operations by embracing regulatory reforms, including changes to capital levels and compensation, Mark Carney, the governor of the Bank of Canada, said.
“Bankers need to see themselves as custodians of their institutions, improving...
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Pope Set for Vatican Airlift as Cardinals Size Up Dossier
28.02.2013 14:47
Bloomberg: Pope Benedict XVI will become the first pontiff in 600 years to abdicate when he’s airlifted out of the Vatican today, as cardinals set to elect his successor assess the impact of a secret dossier on church intrigue.
The pope bid farewell to cardinals at the Vatican today...
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Softbank’s Son Saves $2 Billion Hedging Sprint Deal
28.02.2013 14:43
Bloomberg: Masayoshi Son became Japan’s second- richest man by knowing when to take a risk. He also knows how to avoid one.
The chairman of Softbank Corp. (9984) hedged the company’s $20 billion purchase of Sprint Nextel Corp. (S) by fixing the cost of dollars needed...
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European Stocks Rise After Draghi Stimulus Comments
28.02.2013 14:40
Bloomberg: European (SXXP) stocks climbed, with the benchmark index heading for its ninth straight monthly gain, as European Central Bank President Mario Draghi and Federal Reserve Chairman Ben S. Bernanke signaled they would maintain monetary support measures.
Bayer...
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Spain's Bankia shows recovery signs after record loss
28.02.2013 13:27
(Reuters) - Rescued Spanish lender Bankia (BKIA.MC) reported tentative signs of recovery on Thursday, even as huge writedowns on bad property assets led it to post the country's biggest ever corporate loss of 19.2 billion euros ($25.2 billion).
Bankia, the focal point of Spain's banking...
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State data points to German annual inflation slowing in February
28.02.2013 13:22
(Reuters) - Germany's inflation rate probably eased on the year in February and remained below the European Central Bank's target of two percent, but likely accelerated on a monthly basis, data from five federal states suggested on Thursday.
In the five of the six states used to calculate...
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Euro salvaged by Italy debt sale, yen on defensive
28.02.2013 13:21
(Reuters) - The euro held its ground against the dollar and yen on Thursday, after a relatively smooth auction of Italian government bonds helped temper concerns about the country's political deadlock.
Strong U.S. business spending data also boosted investors' sentiment,...
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Low-key departure as pope steps down
28.02.2013 13:20
(Reuters) - Pope Benedict slips quietly from the world stage on Thursday after a private last goodbye to his cardinals and a short flight to a country palace to enter the final phase of his life "hidden from the world".
In keeping with his shy and modest ways, there will be no public...
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How politics are killing trade finance
28.02.2013 13:18
GlobalConection: Congress is holding up the Ex-Im Bank’s charter and its ability to finance export deals. Other nations’ export credit agencies are happy to take its place
n a hyper-charged U.S. presidential election year, all bets are off on getting any meaningful legislation through...
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EU clinches deal to cap bankers' bonuses
28.02.2013 13:17
(Reuters) - Bankers in Europe face a cap on bonuses as early as next year, following agreement in Brussels on Thursday to introduce what would be the world's strictest pay curbs, in a move politicians hope will address public anger at financial-sector greed.
The provisional agreement,...
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