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Shock therapy is best cure for banks

The G20 leaders may want to strengthen the banks to forestall a future crisis, but they are not exactly busting a gut to do so. At their Toronto meeting, they set themselves the "aim" of having new standards by the end of 2012. Full implementation will follow at an uncertain pace thereafter. This is an unsatisfactory approach.

29 2010 | Viewed: 510 | News / Review of Mass Media | Read full
White House's Summers says world must spur growth

(Reuters) - World leaders need to take steps to foster a more durable recovery, White House economic adviser Lawrence Summers said on Thursday, while emphasizing that growth strategies did not simply mean deficit spending.

28 2010 | Viewed: 518 | News / Review of Mass Media | Read full
Act will not hurt US oil companies

Sir, With reference to your report "Voluntary transparency scheme faces scrutiny" (June 17): contrary to oil industry assertions, the Energy Security Through Transparency Act, which I have co-sponsored with Senator Ben Cardin, is unlikely to hurt the competitiveness of American oil companies in requiring US-listed companies to report their payments to foreign governments.

25 2010 | Viewed: 472 | News / Review of Mass Media | Read full
Kazmunai may buy out E&P minorities, hold own IPO

June 23 (Reuters) - Kazakhstan's state oil company, whose exploration and production unit (KMGq.L) is listed on the London Stock Exchange, may buy out minorities and sell shares in the parent company instead, its chief executive said on Wednesday.

25 2010 | Viewed: 518 | News / Review of Mass Media | Read full
Kazakh bank Halyk repays $408 mln in govt support

June 22 (Reuters) - Halyk Bank HSBK.KZ (HSBKq.L), Kazakhstan's second-largest lender by assets, said on Tuesday it has returned a three-year deposit of 60 billion tenge ($408 million) to state welfare fund Samruk-Kazyna ahead of schedule.

25 2010 | Viewed: 549 | News / Review of Mass Media | Read full
Soros says Germany could cause euro collapse

(Reuters) - Germany's budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday.

25 2010 | Viewed: 593 | News / Review of Mass Media | Read full
New home sales at record low as tax credit expires

(Reuters) - Sales of new homes dropped a record 32.7 percent in May to the lowest level in at least four decades as the boost from a popular tax credit faded, adding to worries of a slowing economic recovery.

25 2010 | Viewed: 502 | News / Review of Mass Media | Read full
Kazakhstan mulls $20/tonne oil export duty

June 22 (Reuters) - Kazakhstan is considering the introduction of a $20 per tonne export duty on crude oil, Finance Minister Bolat Zhamishev said on Tuesday.

24 2010 | Viewed: 562 | News / Review of Mass Media | Read full
Chávez attacks economic critics

Hugo Chvez has strongly defended his economic record as president of Venezuela after a turbulent year in which the country has been rocked by recession and 30 per cent inflation.

18 2010 | Viewed: 504 | News / Review of Mass Media | Read full
Google shadow over new media groups

Google is developing technology that could position it to compete with a new breed of digital media companies that are generating story ideas for the internet by mining online search data for under-covered topics.

18 2010 | Viewed: 566 | News / Review of Mass Media | Read full
Le Monde sets deadline to find buyer

Le Monde, France's most venerable newspaper, last night set a new deadline of June 28 for finding a buyer, a timetable that leaves only two potential candidates, including France Telecom, in the race to recapitalise the cash-strapped daily.

16 2010 | Viewed: 475 | News / Review of Mass Media | Read full
China prepares to invest in Greek projects

China is eyeing investments valued at several billion euros in Greek shipping, logistics and airport projects to be discussed during the second visit to Athens in four weeks by a high-ranking Beijing official.

16 2010 | Viewed: 534 | News / Review of Mass Media | Read full
US targets $20bn BP pay-out

Shares in BP tumbled more than 9 per cent on Monday as US Democratic senators called on the multinational oil company to inject $20bn immediately into a ring-fenced fund to clean up the Gulf of Mexico spill.

16 2010 | Viewed: 520 | News / Review of Mass Media | Read full
Salary of PM's spin doctor exceeds Clegg's

Andy Coulson, the Downing Street spin doctor, is giving up almost half his annual salary to join the government - but will still be earning more than Nick Clegg and just 2,500 less than the prime minister.

12 2010 | Viewed: 478 | News / Review of Mass Media | Read full
ECB leaves interest rates at 1%

The European Central Bank left its main interest rate unchanged at 1 per cent on Thursday as it sought to restore investor confidence in the eurozone while rebuilding its credibility with financial markets - and a sceptical German public.

12 2010 | Viewed: 700 | News / Review of Mass Media | Read full
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