Today: DAVOS Forum News, Jan 27, 2012

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Jan 27, 2012

DAVOS Forum News, Jan 27, 2012

Davos 2012: David Cameron hits out at EU over euro failings
Telegraph.co.uk
Photo: AFP By Rowena Mason, Davos The Prime Minister risked fuelling tensions with France and Germany by weighing into the debate on the future of the euro. His comments come just weeks after being accused of "interfering" by French president Nicolas ...
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Telegraph.co.uk

China source of hope and worry for Davos regulars
Reuters
By Tomasz Janowski | DAVOS, Switzerland (Reuters) - When the global economy nearly choked on toxic debt three years ago, China and its massive investment stimulus was hailed as a savior that helped avert a disaster. Fast forward to 2012 and business...
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Incredible Shrinking Bankers at Davos Humbler as Austerity Hits
BusinessWeek
27 (Bloomberg) -- Leaders of the world's biggest banks touted the virtues of austerity at the World Economic Forum in Davos -- for themselves, not just for over-indebted governments. Many arrived in the Swiss Alps following a year marked by weak ...
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Davos leaders say access key to feeding hungry
CBS News
(AP) DAVOS, Switzerland — While the world focuses on financial crises, Nigerian Finance Minister Ngozi Okonjo-Iweala and other leaders say those priorities won't matter unless people have one basic thing: Enough food to eat.
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DAVOS 2012: Greece casts dark cloud over World Economic Forum
This is Money
It came as the future of the single currency – and the EU – dominated talks at the World Economic Forum in Davos. Luxembourg Prime Minister Jean- Claude Juncker, who is also leader of the eurozone finance ministers, said a Greek default would spell ...
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This is Money

World Economic Forum Davos 2012: Some governments that call themselves ...
Economic Times
At this annual summit of the world's powerful and well-connected, moderator Michael Oreskes, AP's senior managing editor for US news, challenged participants to respond to an Occupy Davos protester's sign: ``If voting could change anything, ...
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Opposition slam Kenny over Davos comments
RTE.ie
Opposition parties have criticised comments made by the Taoiseach at the World Economic Forum in Davos, Switzerland. Enda Kenny told the forum that people here went mad borrowing, in a system that spawned greed, and led to the crash of the Irish ...
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At Davos, Debating Capitalism's Future
New York Times
Davos, Switzerland IS 20th-century capitalism failing 21st-century society? Members of the global elite debated that unusual question on Wednesday at the annual World Economic Forum. There was a time, not long ago, when such a debate would have been ...
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'Major' changes coming to pension system, Harper tells Davos
National Post (blog)
By Mark Kennedy and Jordan Press DAVOS, Switzerland — Addressing the World Economic Forum, Prime Minister Stephen Harper signalled his government will bring forward “major transformations” to the country in the coming months — in areas such as the ...
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National Post (blog)
Ackermann Era Ends at Davos as Deutsche Bank Chief Cedes Power
BusinessWeek
“Financial markets have become highly political over the past years,” Ackermann told Bloomberg News this week before heading to Davos, Switzerland, for the annual conference. “Politics and finance will become even more intertwined in the future.
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Davos Dealmakers Defy Doubters by Discussing Takeovers 2
BusinessWeek
The heads of Nestle SA, Royal Dutch Shell Plc and Vodafone Group Plc, who are scheduled to attend the meeting of executives and politicians in Davos, Switzerland, are starting 2012 with the resources for dealmaking: strong cash piles, robust balance ...
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Incredible Shrinking Bankers at Davos Humbler as Austerity Hits
Bloomberg
Enlarge image Incredible Shrinking Bankers at Davos Humbler Incredible Shrinking Bankers at Davos Humbler Chris Ratcliffe/Bloomberg Attendees wait outside the main hall in the Congress Center on day one of the World Economic Forum (WEF) in Davos, ...
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Bloomberg
Davos: What Would You Do With China's Foreign Exchange Reserves?
Wall Street Journal (blog)
AP At a panel discussion in Davos on how China should invest its massive foreign exchange reserves, moderator Rui Chenggang, a famous Chinese television personality, kicked off the discussion by complaining that he was overcharged on a restaurant bill ...
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Davos 2012: live
Telegraph.co.uk
“We're not terribly positive about what has been done but we want to put together a program for the country,” Christine Lagarde said in an interview with Bloomberg from Davos. Photo: EPA/PA David Cameron has launched an attack on Europe for failing to ...
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Telegraph.co.uk
Ackermann Era Ends at Davos as Deutsche Bank Chief Cedes Power
Bloomberg
Enlarge image Deutsche Bank AG CEO Josef Ackermann Deutsche Bank AG CEO Josef Ackermann Chris Ratcliffe/Bloomberg Deutsche Bank AG Chief Executive Officer Josef Ackermann speaks to an attendee during day two of the World Economic Forum in Davos.
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Bloomberg
DAVOS: Germany's Schaeuble: Fiscal Pact To Allow Earlier ESM
Wall Street Journal (India)
By Geoffrey T. Smith DAVOS, Switzerland (Dow Jones)--Sealing the euro zone's proposed "fiscal pact" would pave the way for the EU's permanent bailout to enter into force earlier than planned, German Finance Minister Wolfgang Schaeuble told the World...
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Davos: Geithner, Draghi, Sandberg, Tutu, Schmidt
Wall Street Journal (blog)
By Polya Lesova AP It is day three of the annual meeting of the World Economic Forum in Davos. Timothy Geithner and Mario Draghi are among the high-profile speakers here today. Mr. Geithner, the US Treasury Secretary, will discuss the US economic ...
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DAVOS: Way Out Of EU Crisis Is Growth, Labor Reform -Prudential CEO
Wall Street Journal
"The way out of this crisis is growth," Tidjane Thaim told Bloomberg TV in an interview at the World Economic Forum, in Davos, Switzerland. He said that structural labor reform was key to fuel such growth but noted that such structural reform would be ...
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Davos Live Chat: With WSJ's Gerard Baker
Wall Street Journal (blog)
By WSJ Staff Political and business leaders are gathered in Davos, Switzerland, for the annual World Economic Forum. The official theme this year is the search for new economic and development models, but the focus is on the European sovereign debt ...
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Davos: Millennials' message to the young: 'We have a place at the table'
Washington Post (blog)
By Emi Kolawole DAVOS, Switzerland — “I was a little skeptical and excited because of what Davos is,” said Erica Williams of her sense of the World Economic Forum Annual Meeting prior to arriving. Williams is a senior strategist at Citizen Engagement ...
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Arabs to Davos: invest in us, don't fear us
Reuters
By Warren Strobel and Paul Taylor | DAVOS, Switzerland (Reuters) - Leaders of the Arab Spring sought to assure the world's elite in Davos that the rise of political Islam is not a threat to democracy, and pleaded for help creating jobs and satisfying ...
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Finance chiefs at Davos try to reassure CEOs that Europe is getting crisis ...
Washington Post
DAVOS, Switzerland — Leading finance chiefs sought to reassure anxious global business leaders on Friday that Europe is on track to solve its crippling debt crisis before it drags the world's economies down. The finance chiefs said the picture in ...
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CORRECT: DAVOS: IMF's Lagarde: Greek Debt Reduction Must Be Significant
Wall Street Journal
("DAVOS: IMF's Lagarde: Greek Debt Reduction Must Be Significant," at 1011 GMT, misstated the size of the desired boost to its lending power in the eighth paragraph. The correct version follows:) LONDON (Dow Jones)--The key goal of debt talks between ...
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DAVOS: Soros Takes Europe To Task Over Greek Default Threat
Wall Street Journal
DAVOS, Switzerland (Dow Jones)--European authorities have not done enough to insulate other economies in Europe from a likely Greek default, financier George Soros said Friday. Soros, who this week criticized Germany's approach to solving Europe's ...
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Davos 2012: Draghi says credit not back to normal
BBC News
But speaking at the World Economic Forum (WEF) in Davos, Mr Draghi said the situation had improved since the bank's intervention last year. The ECB lent a total of 489bn euros ($643bn; £375bn) to banks last December to relieve pressure on the system.
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BBC News
DAVOS:Higher Taxes On Rich Only Possible Through Broad Reform-Geithner
Wall Street Journal
DAVOS, Switzerland (Dow Jones)--US Treasury Secretary Timothy Geithner said Friday that higher tax effective tax rates on the wealthiest Americans are only likely to be achieved through broad-based tax reform. It won't be possible for a net tax cut to ...
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Davos optimism doesn't stop the blame game — RT
By RT
The participants of the World Economic Forum are showing cautious optimism saying they believe the euro-zone crisis will be successfully resolved, though they haven't agreed on the main issues such as Greek debt run-down yet.
News RSS : Today
Davos: European Financial Chiefs Stress The Positive At World ...
By The Huffington Post News Editors
DAVOS, Switzerland — Leading finance chiefs sought to reassure anxious global business leaders on Friday that Europe is on track to solve its crippling debt crisis before it drags the world's economies down. The finance chiefs said the ...
The Full Feed from HuffingtonPost.com
Cranmer: Dave in Davos
By Archbishop Cranmer
Dave in Davos. The Prime Minister's speech at the World Economic Forum in Davoswas passionate, lucid and forthright. He firmly nailed his theses to the door, and told his fellow European leaders to desist from the 'madness' of their ...
Cranmer
WATCH: Sheryl Sandberg Interviews Christine Lagarde At Davos ...
By Hillary Reinsberg
IMF director Christine Lagarde's sons told her to join Facebook. We learned this and more during a conversation between Lagarde and Sandberg at Davos.
The Jane Dough | News and Opinion...
DAVOS: IMF To Seek Saudi Contribution To Europe Bailout Fund ...
International Monetary Fund Managing Director Christine Lagarde will visit Saudi Arabia next month to request a contribution from the oil-rich kingdom to the IMF's $500 billion fundraising effort to fight the European debt crisis, according to two.
Zawya.com - Top Regional News

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