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NICOSIA — Plans to place all eurozone lenders under the supervision of the ECB, hailed as a cornerstone of future political union, will miss the deadline for implementation due to EU treaty restrictions, top officials said on Saturday.
RIYADH — Shares in Saudi Arabia rose the most in seven weeks after US stocks advanced for a second straight week on the Federal Reserve’s plan to buy mortgage securities and on higher oil prices.
DUBAI/KABUL — Not long ago, Mohammed Daoud was making good money hiring out halls for wedding parties thrown by a new class of Afghan war entrepreneurs.
NICOSIA — European governments put off decisions on aid for Spain and a loosening of Greece’s loan terms, counting on the European Central Bank’s bond-buying pledges to provide interim relief from market turmoil.
NEW DELHI — After months of dithering on the economy, India’s beleaguered government roared back to life in dramatic fashion on Friday, announcing big bang reforms as part of package of measures aimed at reviving growth and staving off a ratings downgrade.
NEW DELHI - Indian Prime Minister Manmohan Singh warned that a prolonged policy logjam could slow economic growth to 5 percent, a day after India unexpectedly unveiled long-delayed reforms aimed at reviving growth and preventing a credit-rating downgrade.
NEW DELHI - Indian Prime Minister Manmohan Singh warned on Saturday that a prolonged policy logjam could slow economic growth to 5 percent, a day after India unveiled long-delayed reforms aimed at reviving growth and preventing a credit rating downgrade.
NEW DELHI — Indian newspapers hailed Saturday a “rush of reforms” unveiled by the government which has thrown open the retail and aviation sectors as well as tackled fuel subsidies in highly contentious moves.
PARIS— Economic growth in the top G-20 countries slowed to 0.6 per cent in the second quarter of 2012 from 0.7 per cent in the first quarter, with slow and weak growth set to continue, the OECD said on Thursday.
