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Aug 28, 2011

REUTERS News, Aug 28, 2011

'Act now' to save global recovery, IMF chief urges
Reuters
... Wyo, Aug 27 (Reuters) - The new head of the IMF on Saturday called on global policymakers to pursue urgent action, including forcing European banks to bulk up their capital, to prevent a descent into a renewed world recession. ...
See all stories on this topic »Emerging economies shouldn't rely on dollar: economist
Reuters
JACKSON HOLE, Wyoming (Reuters) - Emerging economies should find other ways to buffer themselves from global crises than stockpiling US government debt, a prominent economist argued on Saturday. US Treasuries and the debt of other advanced nations may ...
See all stories on this topic »Liu impresses as top hurdlers ease through
Reuters
By Nick Mulvenney DAEGU, South Korea (Reuters) - China's Liu Xiang looked back to his best after three years of injury misery as he cruised through the opening round of the 110 metres hurdles on Sunday. The 27-year-old former world and Olympic champion ...
See all stories on this topic »Fed and other regulators need policing: economist
Reuters
JACKSON HOLE, Wyoming (Reuters) - Global financial regulators are likely to impede growth rather than foster it unless they are better policed, an economist warned policymakers on Saturday. While regulatory reform since the 2007-09 financial crisis has ...
See all stories on this topic »LG Electronics buys local sewage treatment firm
Reuters
SEOUL Aug 28 (Reuters) - LG Electronics Inc.(066570.KS) said on Sunday it bought Daewoo ENTEC, one of South Korea's leading sewage treatment service providers, and is looking at more mergers or acquisitions to become the world's leading water treatment ...
See all stories on this topic »Death of deputy chief deals heavy blow to al Qaeda
Reuters India
By William Maclean LONDON (Reuters) - The killing of al Qaeda's number two leader deprives the group of a multi-talented manager who helped it spawn offshoots around the world and survive a US counter-terrorism campaign in Pakistan, security analysts ...
See all stories on this topic »Global slowdown may not hurt Malaysian commodity exports
Pakistan Daily Times
“There will be some impact, but Malaysian commodities are key to this global market. Without rubber the auto industry cannot move, and the same be said with palm oil for the food sector and tin for manufacturing,” Dompok told Reuters in an interview at ...
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Google's Schmidt sees more partners for Google TV
Reuters
Google has long harbored ambitions to extend its $28 billion online advertising business to the television arena, where the lion's share of global ad budgets is spent. It owns YouTube, the world's most popular online video site, but has not announced ...
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Reuters
German crowned world air guitar champion
YLE News
Newly crowned world air guitar champion Aline Westphal believes that it was time a woman won the championship. Video: Reuters-TV This year's air guitar world champion is Aline 'The Devil's Niece' Westphal, from Germany. She won Friday's championships ...
See all stories on this topic »11 citizen journalist websites ...
The Next Web
Launched in 2006, GroundReport is a platform for citizen journalists around the world to report onglobal events, and users can submit articles, photos or videos of news events which are vetted by its Editors before publication. ...
See all stories on this topic »Argentine auto industry set for output record
Arab News
Argentina exports 60 percent of the vehicles it produces. About 90 percent of foreign sales are made in Brazil, with Mexico a distant second. Argentina ranks as the world's No. 20 automobile producer; Brazil is the fourth-biggest global vehicle-maker. ...
See all stories on this topic »Dominique Strauss-Kahn sexual assault case dismissed, appealed
Daily News & Analysis
De Montbrial told Reuters he filed a complaint on Tuesday alleging that an ally of Strauss-Kahn's telephoned one woman and offered her money in exchange for her silence. Strauss-Kahn, a former French finance minister, could make a dramatic return to ...
See all stories on this topic »Farmland seen holding value as other assets wilt
Montreal Gazette
Investment funds have begun to add farmland to their portfolios in recent years as changing diets and continued global population growth have heightened concerns about security of food supplies and helped drive agricultural commodity prices to record ...
See all stories on this topic »Willis launches nuclear exposure insurance coverage
Montreal Gazette
By Sarah Mortimer, Reuters August 27, 2011 A temporary tide barrier at Tokyo Electric Power Co.'s Fukushima Daiichi Nuclear Power Station in Fukushima prefecture, June 30, 2011. LONDON – Reinsurers and their insurance broking colleagues are creating ...
See all stories on this topic »Stocks volatility keeps US forecasters busy
Kuwait Times
The main driver is the hit that confidence is taking because of the market volatility and the belief that the hit to confidence is going to start showing up in real economic data in the next couple of months," said Tom Higgins, global macro strategist ...
See all stories on this topic »Two RUSAL partners seek to sell out
SteelGuru
Reuters reported that 2 partners in the world's top aluminum producer, UC RUSAL want to sell their stake to a third tycoon Mr Alisher Usmanov owner of an iron ore miner and shareholder in Norilsk Nickel. Mr Viktor Vekselberg and Mr Len Blavatnik who ...
See all stories on this topic »Global Showbiz Briefs: Rome, Poland, UK
Deadline.com
Europe's biggest commercial broadcaster RTL Group is interested in ITI Group's $800 million controlling stake in the Polish broadcaster, according to Reuters. And TVN CEO Markus Tellenbach has met with Time Warner reps, Warsaw's Gazeta Wyborcza ...
See all stories on this topic »Nobel 'economists' say Europe will survive crippling debt crisis
Arab Times Kuwait English Daily
It was their first gathering since the global financial crisis broke out in 2008, damaging the discipline's reputation. Across the street from the conference centre, banners hang on the old city wall of Lindau: “The world is not for sale”, ...
See all stories on this topic »Race for resources - China steps up iron ore project in Africa and elsewhere
SteelGuru
Reuters reported that a push by China into iron ore projects in Africa and elsewhere will increase its access to supply and may help moderate prices but will only slowly reduce its dependence on the three companies that dominate the market. ...
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SHUFFLED: Brass shake-up to drive performance in Abu Dhabi
Kipp Report
Abu Dhabi is home to 90 percent of the UAE's oil wealth and analysts polled byReuters in June estimate the UAE economy will expand by 3.7 percent in 2011. The moves follow on from a reshuffle in Abu Dhabi's government in December in which five members ...
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Kipp Report
15 Reasons Markets Rallied After Ben Bernanke Spoke and Warren Buffett Bailed ...
Wall St. Cheat Sheet
Libya, a member of OPEC, used to supply the world with 1.6 million barrels of oil per day before breaking out into civil war — nearly 2% of the global oil (NYSE:OIL) supply. 2) Euro bonds. Tempering this morning's gains was news of German Chancellor ...
See all stories on this topic »India's overseas drive to slow home port plans
Business Standard
Graphic on India's infrastructure funding, click link.reuters.com/taw33s New Delhi wants to raise at least 70 billion rupees ($1.5 billion) this fiscal year as initial funding for India Ports Global, Shipping Secretary K. Mohandas told Reuters. ...
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Wallabies clinch Tri-Nations for World Cup boost
Oman Daily Observer
The relevance of the result for next month's global showpiece in New Zealand was downplayed by coaches on both sides. "It's obviously a significant result for us. We haven't done that since 2001 so that's a baggie," Wallabies coach Robbie Deans told...
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Oman Daily Observer

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