China, Cambodia agree to build comprehensive strategic partnership

 

Chinese Premier Wen Jiabao (R) shakes hands with Cambodian Prime Minister Hun Sen during a welcoming ceremony in Beijing, capital of China, Dec. 13, 2010. (Xinhua/Xie Huanchi)
BEIJING, Dec. 13 (Xinhua) -- China and Cambodia on Monday agreed to establish a comprehensive strategic partnership of cooperation and further strengthen bilateral cooperation.

Suicide bomber is 98 percent identified: Swedish official

STOCKHOLM, Dec. 13 (Xinhua) -- Swedish Chief Prosecutor Thomas Lindstrand said Monday that the man who killed himself in a suicide bomb attack in central Stockholm on Saturday was up to 98 percent identified.

Iraqi PM meets U.S. joint chief chairman in Baghdad

BAGHDAD, Dec. 13 (Xinhua) -- Iraqi Prime Minister-designate Nuri al-Maliki on Monday met with Admiral Mike Mullen, chairman of U.S. Joint Chiefs of Staffs, who paid a surprise visit to Iraq, an official television reported.

DPRK accuses S Korea of lying in artillery shelling incident, Dec 13, 2010

PYONGYANG, Dec. 13 (Xinhua) -- A leading newspaper of the Democratic People's Republic of Korea (DPRK) on Monday accused South Korea of lying in its propaganda over last month's Yonphyong Island shelling incident.info@als-alexander.org or interalex1@yahoo.com

Russia ready to join in Europe missile defense program

MOSCOW, Dec. 13 (Xinhua) -- Russia is ready to share responsibility in creating a joint missile defense shield in Europe and to become a full member of this system, Russian Defense Minister Anatoly Serdyukov said on Monday.

Young kidnapper arrested, kids released in eastern France

 

Policemen set a security perimeter around the Charles-Fourier nursery school in Besancon, eastern France, where a man was holding children hostage on December 13, 2010. (Xinhua/AFP)
PARIS, Dec. 13 (Xinhua) -- French police on Monday arrested a young man who had taken some 20 kindergarten kids hostage in an eastern city before releasing all of them.

Five dead after S Korean ship sinks in Southern Ocean

The South Korean deep-sea fishing vessel "No 1 In Sung" which sank near Antarctica is shown in this undated photo released by Yonhap news agency December 13, 2010. (Xinhua/Reuters. WELLINGTON, Dec. 13 (Xinhua) -- Five people were dead and 17 missing

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IRELAND, Portugal, Spain, Italy, Greece, News, Dec 13, 2010

Can the euro survive austerity? Fortune Ireland, Greece, Spain and Portugal desperately need to devalue their currencies to restore competitiveness, he says, but can't because they're wearing what ... See all stories on this topic »

UK would be 'derailed' by new eurozone crisis, Bank governor Charles Bean warns Telegraph.co.uk Mr Bean refused to rule out the prospect of the crisis spreading to Portugal, Italy and Spain, saying: “Support to Greece and Ireland from the IMF and rest ... See all stories on this topic »

Berlusconi Cites Debt Crisis in Fight to Survive: Euro Credit Bloomberg The spending plan, which didn't need the kind of wage cuts and tax increases implemented in Spain, Portugal, Ireland and Greece, aims to bring the deficit ... See all stories on this topic »

Eurozone accounts are a PIGS ear The Star South Yorkshire savers are being urged to pull their money out of banks in the Eurozone trouble spots of Portugal, Italy, Greece and Spain. ... See all stories on this topic »

Political Stagnation, Slow Economy Hold Italy Back NPR While Italy does have a massive national debt, its banks are in good shape and it did not suffer from the same property speculation as Ireland or Spain. ... See all stories on this topic »

PIIGS take different routes to pension reform Financial News ... in the PIIGS – Portugal, Ireland, Italy, Greece and Spain – the very countries whose economic travails have threatened the existence of the euro. ... See all stories on this topic »

Euro only has '1-in-5' chance of surviving Scotsman Douglas McWilliams, chief executive of the Centre for Economic and Business Research (CEBR), said that Ireland, Greece, Spain, Portugal and Italy would have ... See all stories on this topic »

Staying together in the eurozone could turn out worse Telegraph.co.uk By the end of next year, Greece will probably be at 150pc and Ireland at 110pc. The likely figures for Portugal, Spain and Italy are 85pc, 70pc and 120pc ... See all stories on this topic »

Snooty Europhiles should be forced to crawl in penitence Telegraph.co.uk There was a boom, and during the boom years the governments of the PIGS (Portugal, Ireland, Greece and Spain), and to some extent Italy, went on a spending ... See all stories on this topic » Moody's says Spain banking outlook "negative" |     www.bullfax.com By marketmaker International rating agency Moody's said it was maintaining its negative outlook on Greece despite a Greek government plan to shore up public finances."Given the lack of certainty surrounding the the Greek government's ability to implement the programme, Moody's negative outlook ... Moody's said in a report that "the potential contagion of sovereign risks to banking systems could spread to other countries such as Portugal, Spain, Italy, as well as Ireland and the UK. ... Bullfax.com - Market News & Analysis - http://www.bullfax.com/info@als-alexander.org or interalex1@yahoo.com

FINANCIAL news, money, banks, stock, economic and financial crisis, Dec 13, 2010

The Fed and money
Asia Times Online
Bank deposits were the critical component of "money" supply, and our central bank judiciously monitored their expansion. The financial world - certainly ...
See all stories on this topic »Top 10 Economic Stories of 2010