Future Finance Solutions

ANALYSIS: Post-war Ivory Coast nurtures second "miracle"

admin — Sun, 20 May 2012 08:46:33 +0000

ABIDJAN (Reuters) – From his lagoon-side allotment in Ivory Coast’s economic capital Abidjan, Moussa Yanda has a ringside seat to watch the foundations of a $290-million toll bridge slowly rise up from the shore. “I love watching it,” enthused the softly-spoken 45-year-old as he packed up his garden tools for the day. “When things are developing, we realise we’re going to make it through this.” Little over a year ago such optimism was scarce. …

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ANALYSIS: Post-war Ivory Coast nurtures second "miracle"

China state-run businesses to invest 350 billion yuan in Chongqing

admin — Sun, 20 May 2012 08:25:18 +0000

BEIJING (Reuters) – Thirty of China’s biggest state-owned businesses have signed contracts worth about 350 billion yuan ($55.3 billion) with the southwestern municipality Chongqing, Chinese media reported on Sunday, in a sign of Beijing’s determination to bolster confidence in the city formerly run by ousted leader Bo Xilai. Since the fall of the once high-flying Chinese official, media reports and some investors have questioned whether Chongqing’s debt-laden economy is also headed for trouble. …

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China state-run businesses to invest 350 billion yuan in Chongqing

Serbians vote for president under threat of protest

publisher — Sun, 20 May 2012 07:01:02 +0000

BELGRADE (Reuters) – Pro-Western incumbent Boris Tadic and rightist Tomislav Nikolic went head to head on Sunday in a tense run-off election for Serbian president and the right to lead the struggling nation into talks on joining the European Union. Despite economic stagnation and rising unemployment, Tadic is tipped to defeat Nikolic for the third time since 2004 as Serbia slowly sheds the legacy of a decade of war and isolation under late strongman Slobodan Milosevic. A Tadic victory would keep power firmly in the hands of his Democratic Party. …

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Serbians vote for president under threat of protest

Obama sees ‘emerging consensus’ on economic fix

admin — Sun, 20 May 2012 05:29:55 +0000

Confronting an economic crisis that threatens them all, President Barack Obama and leaders of other world powers on Saturday declared that their governments must both spark growth and cut the debt that has crippled the European continent and put investors worldwide on edge.

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Obama sees ‘emerging consensus’ on economic fix

Putin’s economic plan: ‘great leap’ into the unknown

publisher — Sun, 20 May 2012 05:06:14 +0000

Newly-inaugurated President Vladimir Putin has set hugely ambitious targets to catapult the Russian economy into the modern era but their realism remains in doubt despite a benign short-term outlook.

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Putin’s economic plan: ‘great leap’ into the unknown

NATO leaders seek common path out of Afghanistan

publisher — Sun, 20 May 2012 05:03:37 +0000

CHICAGO (Reuters) – NATO leaders gather in Chicago on Sunday for a summit that will chart a path out of Afghanistan, as Western nations seek to fend off fissures in their alliance and ensure Afghanistan can hold a still-potent Taliban at bay when foreign troops withdraw. President Barack Obama hosts the summit in his home town, Chicago, a day after leaders of major industrialized nations tackled Europe’s debt crisis, backing keeping Greece in the euro zone and vowing to take steps necessary to revitalize the world economy. …

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NATO leaders seek common path out of Afghanistan

World leaders back Greece, vow to combat financial turmoil

publisher — Sun, 20 May 2012 00:28:18 +0000

CAMP DAVID, Maryland (Reuters) – World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe’s debt crisis. A summit of the G8 leading industrialized nations came down solidly in favor of a push to balance European austerity – an approach long driven by German Chancellor Angela Merkel – with a new dose of U.S.-style stimulus seen as vital to healing ailing euro-zone economies. But it was clear that divisions remained. …

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World leaders back Greece, vow to combat financial turmoil

Oil slips and posts third weekly loss

admin — Fri, 18 May 2012 20:49:32 +0000

NEW YORK (Reuters) – Oil prices fell on Friday in tug-of-war trading, posting a 2012 low and a third straight weekly loss as debt problems in Greece and Spain kept concerns about the euro zone economy in focus. Crude futures felt pressure from news that European officials were working on contingency plans in case Greece exits the euro zone and from a ratings downgrade of 16 Spanish banks by Moody’s Investors Service. Helping push oil lower early was data showing Chinese home prices in April fell for a second month in a row from year-ago levels. …

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Oil slips and posts third weekly loss

Romney warns economy is on ”path of California”

creative — Fri, 18 May 2012 20:32:57 +0000

WASHINGTON (Reuters) – Republican presidential candidate Mitt Romney warned on Friday that the U.S. economy faced a huge fiscal hole and high taxes like the state of California if he did not win November’s election against President Barack Obama. Seeking to keep his focus on economic issues, the comments were a departure for Romney, who usually holds up Europe’s economic troubles, not California’s, as an example of what could happen to the American economy. “There are only two ways to go: Like America in the past,” Romney said. …

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Romney warns economy is on ”path of California”

Greek politics, Spain banks test eurozone survival

admin — Fri, 18 May 2012 20:31:05 +0000

Chaos in Greek politics and Spanish banking combined this week to underscore just how fragile Europe’s economy remains after an eviscerating austerity regime that has spawned unemployment, desperation and misery. And there is no respite in sight, as Germany’s finance minister predicted Friday that the crisis could last up to another two years.

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Greek politics, Spain banks test eurozone survival