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REFILE-Bank documents portray Cyprus as Russia's favourite haven
ReutersBy Stephen Grey, Michele Kambas and Douglas Busvine NICOSIA, May 15 (Reuters) - When the Cyprus bank run began earlier this year, Russians set much of the pace. Documents seen by Reuters show that as the Mediterranean island headed towards financial...Tags: Ukraine, Nicosia (Cyprus), Mauritius, Moscow (Russia), United Kingdom
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Editorial: Pakistan's fragile democracy shows new strength
There is good news from Pakistan. No, really. The country often referred to as "the most dangerous place on earth" is a caldron of violence, religious extremism and nuclear danger. But on Saturday, Pakistan passed a major democratic milestone. Its...
Tags: Politics, Pakistan, National Government, Pervez Musharraf, Political Corruption
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Bank of Canada sees unorthodox-policy benefits outweighing risks
Reuters* BoC economists: unconventional policies highly effective * Risks of such policies should not restrict their use * Need to see exit strategies before judging overall success OTTAWA, May 16 (Reuters) - The risks of unconventional policies pursued by...Tags: Finance, Federal Reserve, Money and Monetary Policy, Credit Ratings, Central Bank
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IMF staff to visit Spain next week for third bank report
ReutersWASHINGTON, May 16 (Reuters) - International Monetary Fund staff will visit Madrid on May 21 for their third review of Spain's reforms of its banking system, the IMF said on Thursday. The IMF's monitoring is part of a deal agreed to with Spain in July,...Tags: Politics, International Organizations, Spain
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Central banks' actions worked, now beware reactions: IMF
ReutersWASHINGTON (Reuters) - Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spillovers and potentially heavy losses when the time comes to exit, the IMF said on Thursday. In the most...Tags: Politics, Globalization, Economic Indicator, Japan, Emerging Market
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Egyptians gloomier as country struggles after revolt -poll
Reuters* Poll sheds light robin [pon political scene ahead of vote * Brotherhood still seen favourably, but support sliding CAIRO, May 16 (Reuters) - Egyptians are getting gloomier about their country's future more than two years after an uprising toppled...Tags: Mohamed Morsi, Politics, Parliament, Egypt, Crime, Law and Justice
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ANALYSIS-For all the debt, there's a shortage of bonds
ReutersBy Mike Dolan LONDON, May 15 (Reuters) - Debt may be everywhere but there's a scarcity of bonds. With governments awash with debt and furiously selling new securities to fund bloated budget deficits, the idea of a bond shortage on the marketplace may...Tags: Finance, Federal Reserve, Government Debt, Bonds, Ben Bernanke
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Morale hits a new low on Egypt stock market
CAIRO — His phone doesn't ring and his charts are gloomy. But every day Mostafa Ismail, a financial broker with a hangman's demeanor, steps into the Egyptian stock exchange hoping for positive blips. They are rare in a nation where revolution...
Tags: Mohamed Morsi, Orascom Group, Inc., Stock Market, Egypt, Finance
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FEATURE-Tired of economic crisis, Sudanese pack up to try their luck abroad
ReutersBy Ulf Laessing KHARTOUM, May 15 (Reuters) - In a cramped government office in Khartoum, engineer Ahmed Taha and dozens of other Sudanese, lured by local newspaper adverts for jobs in the Gulf, sit waiting to get a permit to leave the country and work...Tags: Muammar Gaddafi, World Bank Group, Healthcare Contract Issues, Career and Workplace, Budgets and Budgeting
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Exclusive: Ghana plans up to $1 billion Eurobond in 2013
ReutersACCRA (Reuters) - Ghana plans a Eurobond worth up to $1 billion to refinance debt and fund infrastructure projects, its vice president said, adding to the list of developing countries tapping yield-hungry investors to bolster their economies. "We are...Tags: Standard & Poor's Financial Services LLC, Government Debt, Politics, New Products, Economic Indicator
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Egypt judges suspend talks with Mursi over disputed reforms
Reuters* Critics say Brotherhood trying to monopolise power * Row over judges has widened political rifts * Judge calls parliament decision "a farce and a joke" By Alexander Dziadosz CAIRO, May 15 (Reuters) - Senior Egyptian judges halted talks with...Tags: Mohamed Morsi, Politics, Parliament, Career and Workplace, Egypt
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