FTSE wobbles as Berlusconi clings to power

admin

Britain’s FTSE 100 wobbled on Monday as Silvio Berlusconi, Italy’s embattled prime minister, clung to power amid mounting concerns that the eurozone’s debt woes could wreak havoc on the region’s third-biggest economy. The yield – or implied interest rate – on Italian 10-year government bonds soared 28 basis points to […]

US to halve troops in troubled Afghan province

admin

THE number of US troops in Helmand is to be halved, leaving British forces to take the lead in the Afghan province, a US general has said. It is understood that the force of 20,000 US marines in Helmand, which has done much to restore stability, could even be cut […]

Brazil, China and other emerging markets trail US

admin

It sounded like a can’t-miss proposition: Buy the winners, drop the losers. Developing countries from Brazil to China are expanding much faster than aging economies in the U.S. and Europe, where borrowing during the boom years has been a drag on growth. So the smart money bought stocks in emerging […]

Greeks agree coalition government without Papandreou

admin

Greek leaders at crisis talks in Athens have agreed to form a new coalition government, the president’s office says. Beleaguered PM George Papandreou will step aside and his successor will be chosen at talks in the morning, the statement said. He and main opposition leader Antonis Samaras attended the talks, […]

‘Carlos the Jackal’ faces new French bomb attack trial

admin

Self-styled international revolutionary “Carlos the Jackal” is to go on trial in Paris over four bomb attacks in the early 1980s that killed 11 people. “Carlos”, a Venezuelan whose real name is Ilich Ramirez Sanchez, is already serving a life sentence in France for the murder of two policemen in […]