CORRECTION APTOPIX Pakistan Daily Life

2010-03-21T10:16:29Z

Three Afghan refugee women and their children, walk in an alley of a poor neighborhood of Rawalpindi, Pakistan, Sunday, March 21, 2010. (AP Photo/Muhammed Muheisen)

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British recovery weak as stimulus ends: employers' group

2010-03-21T19:15:59Z

<div><p>Britain's economic recovery will remain fragile until the middle of next year due to the withdrawal of stimulus measures, the Confederation of British Industry warned Monday.</p><p>The end of emergency steps to combat the recession such as the reduction in Value-Added Tax (VAT) and a scheme that subsidises th...

Europe divided on aid to Greece before summit

2010-03-21T18:15:07Z

<div><p>BERLIN (Reuters) - European leaders sent out conflicting signals at the weekend over aid to Greece, with Germany's Angela Merkel urging Athens

Yuan in global FX reserves as soon as 2025: c.banker poll

2010-03-21T17:15:35Z

<div><p>LONDON (Reuters) - China's yuan could become a reserve currency accounting for at least five percent of global foreign-exchange reserves as early as 2025, central bankers said in an annual global survey.</p><p>The poll of reserve managers from 43 central banks also revealed a renewed respect for gold as a reserve asset and store of valu...

China vows to hit back if targeted by U.S. on yuan

2010-03-21T16:30:11Z

<div><p>BEIJING (Reuters) - Beijing will retaliate if the United States declares China a currency manipulator and imposes trade sanctions, Commerce Minister Chen Deming said on Sunday, firing the latest salvo in a spat ove...

Greece can resist borrowing until April: deputy finance minister

2010-03-21T16:15:56Z

<div><p>ATHENS (Reuters) - Greece can go without borrowing until the end of April and has not yet decided when it will tap capital markets for funds to refinance maturing debt, the country's deputy finance minister said on Sunday.</p><p>Greece has already borrowed more than 15 billion euros ($20.28 billion) this year via T-bills, syndicated bond issues and a priva...

In student loan plan, Obama looks for another win

2010-03-21T14:45:28Z

<div id="subtitle">Student loan rewrite, tacked on to health care, could give Obama another domestic win</div><div><p>With health care dominating House action, President Barack Obama was looking for another domestic policy victory Sunday — passage of a vast rewrite of college aid for needy students.</p><p>The legislation, piggybacked to the expedited health care bill, would end a four-decades old program ...

Investors learn to accept bad housing numbers

2010-03-21T14:45:26Z

<div id="subtitle">For investors, even a little stability in the housing market is good enough for now</div><div><p>The housing market is still in bad shape, but investors don't seem to mind.</p><p>While this week brings reports on sales of new and existing homes in February, there are no signs of heightened anxiety in the stock market. That's a big change from one and two years ago, when these numbers were often horrific enough to send investors running. In r...

What's left to fix housing market?

2010-03-21T12:15:17Z

<div><p>WASHINGTON (Reuters) - The United States has thrown trillions of dollars at the slumping housing market and it still looks wobbly.</p><p>The government seized the two biggest mortgage finance companies and offered as much as $8,000 in tax breaks to entice home buyers, while the International Monetary Fund warned the world's wealthiest nations Sunday to watch their surging levels of government debt, saying it could drag down the growth needed to ensure continued economic recovery.</p><p>The economic crisis is leaving "deep scars in fiscal balances, particularly in the a...

Gas prices rise more than 8 cents in 2 weeks

2010-03-21T10:30:24Z

<div id="subtitle">Survey: Average gas prices up 8.6 cents to $2.81 from 2 weeks ago</div><div><p>The average price of regular gasoline in the United States is up 8.6 cents over a two-week period to $2.81.</p><p>The price shows an increase of 86 cents from a year ago. That's according to the national Lundberg Survey of fuel prices r...

BRITAIN BRITISH AIRWAYS

2010-03-21T09:00:16Z

Members of the Unite union, supporters of the British Airways strike, wave to passing cars at a picket line at London's Heathrow airport, Sunday March 21, 2010. British Airways cabin crews walked off the job for a second day Sunday, upsetting travel plans for scores of customers, but the airline said its contingency plans were working well and more p...

Darfur aid conference eyes $2 bln target

2010-03-21T06:15:26Z

<div><p>International donors were urged Sunday to dig deep into their pockets at a conference in Cairo which aims to raise two billion dollars for the reconstruction of war-ravaged Darfur</p><p>The one-day conference, which was organised by the 57-strong Organisation of...

UAE stocks seen surging if Dubai government backs debt plan

2010-03-21T05:45:09Z

<div><p>DUBAI (Reuters) - Dubai's debt restructuring proposal will determine the fate of UAE equity markets as the ailing emirate seeks support from Abu Dhabi, with markets poised to rally if the deal includes guarantees, analysts said.</p><p>Dub...

APTOPIX Pakistan Daily Life

2010-03-21T05:45:17Z

Three Afghan refugee women and their children, walk in an alley of a poor neighborhood of Rawalpindi, Pakistan, Sunday, March 20, 2010. (AP Photo/Muhammed Muheisen)

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OECD's Gurria sees combined EU-IMF support for Greece

2010-03-21T05:15:18Z

<div><p>ATHENS (Reuters) - Combined support for Greece from the IMF and the European Union would be the best way to help the over-borrowed country deal with its debt crisis, OECD S...

GM's SKorean unit recalling nearly 60,000 vehicles

2010-03-21T04:30:20Z

<div id="subtitle">GM's South Korean unit recalling nearly 60,000 vehicles over possible safety problems</div><div><p>General Motors is recalling nearly 60,000 automobiles in South Korea due to potential problems with steering wheels, fuel hoses and seats, the company's local unit and the government said Sunday.</p><p>The re...

China warns US against sanctions over currency

2010-03-21T03:15:20Z

<div id="subtitle">China warns US against sanctions over currency dispute, says may report trade deficit in March</div><div><p>China's commerce minister warned the United States on Sunday against imposing trade sanctions over Beijing's currency controls, and said his country was likely to report a trade deficit in March.</p&g...

China warns US against yuan sanctions

2010-03-21T01:15:11Z

<div><p>China warned Sunday it may retaliate if the United States imposes trade sanctions and other penalties over its exchange rate policy, state media reported.</p><p>"We will not turn a blind eye," People's Daily quoted Commerce Minister Chen Deming as saying...

India faces more rate hikes: analysts

2010-03-21T00:15:39Z

<div><p>India's central bank looks set to tighten monetary policy further after raising interest rates for the first time in nearly two years as it bids to check spiralling inflation, economists say.</p><p>In a move that surprised experts, the Reserve Bank of India (RBI) hiked short-term rates from record lows late Friday to battle near double-digit annual i...

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