InfoAnda - Davos ends with recovery warning after banking bust-up

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Iraqi cinema makes a comeback at Greek film festival | 19 December 2010
US military deaths in Iraq war at 4,197 | 14 November 2008
China Voices Opposition To Pentagon Report, Calls Relations Important | 18 August 2010

Saudi Arabia grants Pakistan $380 million loan | 12 November 2009

Forum Views () Forum Replies ()

Read more with google mobile : Davos ends with recovery warning after banking bust-up

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Davos ends with recovery warning after banking bust-up AFP - Sunday, January 31 Send IM Story Print From L-R: Japanese Prime Minister Taro Aso, Australian Prime Mininster Kevin Rudd, World Bank President Robert Zoellick and IMF Managing Director Dominique Strauss-Kahn. The world economy is recovering but remains fragile and dogged by huge deficits, top officials said at the end of a blue-chip Davos summit clouded by divisions over banking reform. DAVOS, Switzerland (AFP) - – The world economy is recovering but remains fragile and dogged by huge deficits, top officials said Saturday at the end of a blue-chip Davos summit clouded by divisions over banking reform. Asia is leading the resurgence after the worst crisis for decades with China eyeing double-digit growth, but the United States and Europe remain dogged by unemployment and the eurozone is grappling with a crisis over Greece. "The situation is better, but fragile," said International Monetary Fund (IMF) chief Dominique Strauss-Kahn, adding: "We have to go ahead strongly in the financial sector reform, much more rapidly than has been done until now." "The fiscal sustainability problem is going to be one of the biggest, maybe the biggest problem .... We'll have to deal with this for five, six or seven years, depending on the country," he said. The bust-up over US plans to curb risk-taking by banks again took centre stage on the last day of the World Economic Forum, with central bank chiefs huddling with finance ministers and officials, and top private bankers. The meeting in the Swiss ski resort brought together British and French finance ministers Alistair Darling and Christine Lagarde, European Central Bank chief Jean-Claude Trichet and the heads of top private banks. "There's going to be regulation, they (the bankers) understand that," said US Congressman Barney Frank, one of the few willing to talk after the closed-doors meeting. Asked if the bankers present accepted the need for greater regulation, he said: "Frankly it doesn't make any difference whether they did or not. They aren't in charge of this. "The political leadership certainly in the United States is going to go ahead with tough, sensible regulation," he added., The banking issue has clouded the four-day Davos meeting, starting with French President Nicolas Sarkozy's opening address in which he backed US President Barack Obama's tough clampdown plans. At the same time there has been cautious optimism about the outlook for global recovery after the near-meltdown of the last 18 months Chinese and Indian delegates have trumpeted their country's healthy growth rates of nearly nine and seven percent respectively, and the United States hailed Friday's unexpectedly-rosy 5.7 percent GDP growth figure. But unemployment remains a worrying problem in the United States and Europe, which both have a jobless rate of around 10 percent, despite a return to overall growth. "What we're seeing in the United States is a statistical recovery and a human recession," said Larry Summers, US President Barack Obama's chief economic advisor, commenting on the jobless recovery phenomenon. Warnings of a double-dip recession -- where nascent recovery fades back into a new slowdown -- have abounded in Davos as leaders mull exit strategies from huge stimulus packages agreed to prevent a full-blown Depression last year. France's Economy Minister Lagarde said she followed a "three Rs" principle -- recovery, reform, and restoring public finances. But she said timing was crucial. "Balancing between the recovery process that has to continue, the reform that needs to be maintained and the restoring of public finances is a tough line to draw," she said. A top Chinese banker meanwhile said that Beijing could move on the sensitive issue of its currency's exchange rate once other countries start to withdraw their stimulus packages. China has been under fire for keeping the yuan weak against the dollar, a strategy which critics say is aimed at keeping Chinese exports competitive. Once world leaders agree an exit strategy ""China is ready... including various issues -- liquidity issue, exchange issue," Zhu Min, deputy head of China's central bank, told the Davos forum. Recommend Send IM Story Print News Search Top Stories Gandhi ashes scattered off South Africa Italy halts bluefin fishing for a year: EU Bankers resigned to reform after Davos bust-up State debt to become 'biggest problem': IMF chief Got a decision to make? Have some sugar, study says More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Davos ends with recovery warning after banking bust-up US angers China with Taiwan arms package Turkish twins with different fathers 'trigger divorce' Blair says no regrets for removing Saddam Disease spreads in quake-hit Haiti More Most Viewed » Woman who saved Anne Frank's diary dead at 100 Scientists praise Obama as Doomsday clock reset More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 31 January 2010
Iran puts 16 opposition supporters on trial
Italy halts bluefin fishing for a year: EU
Haiti faces long, difficult road to recovery |
Davos ends with recovery warning after banking bust-up
Police: Suicide bomber kills 2 at Iraqi restaurant
Italian judges stage walk-out against Berlusconi
Thousands rally to urge Russia's Putin to resign |
Gandhi ashes scattered off South Africa
Iran warns protesters as post-vote trial starts
Iran executes two men for rape
Iran opposition in implicit call for protest on Feb 11
Sri Lanka's losing candidate vows protests |
Thai PM: There won't be a coup d'etat
Pearl Harbor merging with Hickam Air Force Base
NATO airstrike kills 4 Afghan soldiers in mix-up
Obama taking populist tone in fight over jobs
AP Interview: Months ahead key to Afghan fight
US military airlifts of Haiti quake victims halted
Washington Times names Dealey as top editor
Southeastern US stares down icy, snowy weekend
Oregon legislators say 'Whew,' go back to work
Afghan govt condemns NATO airstrike on soldiers
NM bill first step toward carbon storage
Teen held in 80-year-old Ohio churchgoer's death
NYC fire in immigrant housing kills at least 5
Bigelow, Cameron, Tarantino vie for director honor
China will move on yuan when stimulus packages end: banker
Pakistan keeps policy rate unchanged at 12.5 pct
Three Americans Killed In Afghanistan
Music world preps for Sunday's Grammys
Grammy weekend begins with Neil Young tribute
Crystal Cathedral makes deep cuts as revenues drop
US Marines facing a 'different war' in Afghanistan
GlaxoSmithKline to axe 4,000 jobs in US, Europe
UN chief calls for treaty to prevent cyber war
U.S. halt to Haiti evacuations stirs fears for sick |
Obama trims US space ambitions
Sudan rejects three presidential candidates
Seized North Korea arms were bound for Iran: Thailand |
Sudan rejects three presidential candidates |
Court Stops Dispensary From Selling Medical Marijuana
President Obama Orders Federal Support For State Of Oklahoma
Moderate China quake kills one: state media
US, China locked in dispute over Taiwan arms sale
Earthquake strikes southwestern China, killing 1
Malaysian court fines lovers 4 buffaloes, pig
China: U.S. arms sales to Taiwan hurt national security
Indian parents vie for nursery school admissions
US troops more than welcome in Haiti _ for now
Miss Virginia wins 2010 Miss America crown
Pakistan: 25 dead in suicide bomb, US missile hit
Seized North Korea arms were bound for Iran
Haiti holds 10 US citizens over trafficking concerns
Anger as NATO airstrike kills 4 Afghan soldiers
Cambodian, Thai troops clash on border: Phnom Penh
Books pulled from Amazon.com in pricing dispute
31 emaciated horses rescued in Ohio; 6 others die
Obama seeks $200M to help cities host 9/11 trials
Idaho man says 10 Americans detained in Haiti
Japan's listed firms keep boosting profits: report
Asia-Pacific trade deal faces skeptical Americans
China will move on yuan when stimulus packages end: banker
Michael Jackson, Leonard Cohen win special Grammys |
Winter's Bone, Restrepo win top Sundance awards |
'Winter's Bone,' 'Restrepo' earn Sundance honors
"Winter's Bone", "Restrepo" win top Sundance awards
Miss Virginia wins 2010 Miss America crown
Michael Jackson, Leonard Cohen win special Grammys
AP NewsAlert
Pat Tillman cover-up focus of Sundance documentary
Ex-Nevada deputy relieved over bribery acquittal
Rip Torn charged with breaking into Conn. bank
Egypt's veil wearers see it as barrier to harassment
Saudi couple forced to divorce reunited by court
French government on the defensive rival's new trial
Bankers leave Davos battered by blame game
U.N. official to visit North Korea next month |
Israel: Slain Hamas leader key arms smuggler
China Threatens Sanctions Over U.S.-Taiwan Arms Deal
Slain Hamas leader helped Gaza get arms
Saudi couple forced to divorce reunited by court |
Gaddafi chides African Union after leadership change |
Karzai renews call for Taliban to reconcile
Pope calls on business, government to save jobs |
Pakistan army probes report of Taliban leader's death |
Yemen clashes continue, ceasefire offer rejected |
Slain Hamas leader helped Gaza get arms: spokesman |
Obama pushes nuclear energy to boost climate bill
Haiti holds US citizens suspected of child trafficking
January death rate signal of tough year in Afghan war
Filipino troops kill 3 communist rebels in clash
UN chief to send special envoy to North Korea
China activist to end protest at Tokyo airport
UN must speak out over Cambodian rehab centres: HRW
Report: Chinese sub entered Taiwan waters
New study fails to bridge Japan, China history divide
Experts: US arms deal won't hurt Taiwan-China ties
Mexican president in Japan for three day visit
S.Lanka premier targets army officers: source
Pakistan: Mule steps on land mine, kills 2 troops
India shifts monetary gears as economy rebounds
China's online travel market booming
Japan carmakers must restore reputation: media
It's ladies' night at the Grammys |
Bigelow wins Directors top award for Hurt Locker |
Actor Rip Torn arrested drunk, armed in Conn. bank |
Kathryn Bigelow tops directors with `Hurt Locker'
'Hurt Locker' director wins key Oscars indicator
Actor Rip Torn arrested drunk, armed in Conn. bank
In Italy, 'Madonna hospital' cares for quake-damaged art
Thousands attend 'Lost' sneak preview
Mormon role in gay marriage ban scrutinized at Sundance
'Restrepo,' 'Winter's Bone' take top Sundance honors
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01