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Estonia euro adoption 'possible' in 2011, says EU's Almunia
Tallinn - Estonia's hopes of becoming the next European Union member state to adopt the euro as its national currency received a slight boost Monday with comments from EU Economic and Monetary Affairs Commissioner Joaquin Almunia suggesting the Balti...

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[Posted on : 2009-11-23 ] Category : [ Finance (General) ]

Jordan's central bank to continue dinar-dollar peg
Amman - The Governor of the Jordan Central Bank (CBJ) on Sunday defended tying the Jordanian national currency, the dinar, to the US dollar, saying the policy proved helpful for national exports. He said that the dinar-dollar peg, which was adopted i...

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[Posted on : 2009-11-22 ] Category : [ Finance (General) ]

Singapore man gets 14 years in jail for Ponzi-style scam
Singapore - A Singapore court on Wednesday sentenced a fraudster who cheated 13.4 million Singapore dollars (10.3 million US dollars) out of investors in a Ponzi-style scam to 14 years in jail, a media report said. Lee Hock Chye, also known as Jon, 3...

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[Posted on : 2009-11-18 ] Category : [ Finance (General) ]

Taiwan signs financial pact with China
Taipei - Taiwan signed a financial service agreement with China late Monday in a long-awaited move to boost cross-strait financial investments in the future. Our two sides signed the financial memorandum of understanding at the same time on Monday, ...

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[Posted on : 2009-11-16 ] Category : [ Finance (General) ]

IMF chief predicts stronger Asian currencies
Singapore - The head of the International Monetary Fund (IMF) on Friday predicted a revaluation of major Asian currencies against the dollar as a rebalancing of the world's economy gets underway. I expect that in the coming years the revaluation o...

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[Posted on : 2009-11-13 ] Category : [ Finance (General) ]

More than 5,000 overseas millionaires seek residency in Hong Kong
Hong Kong - Around 1,000 US dollar millionaires a year are settling in the former British colony of Hong Kong under a residency scheme for rich migrants, officials said Thursday. Since 2004, the city of 7 million has allowed people to obtain residenc...

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[Posted on : 2009-11-12 ] Category : [ Finance (General) ]

Taiwan bars foreign investor money in time deposits
Taipei - Taiwan on Tuesday barred foreign investors from putting money in time deposits in a bid to prevent currency speculation and to channel foreign funds into the stock market. Under the bank taking immediate effect, foreign investors cannot put ...

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[Posted on : 2009-11-10 ] Category : [ Finance (General) ]

Poland want to cut budget deficit by reducing pension payments
Warsaw - Poland wants to reduce its deficit by reducing payments to private pension funds while keeping that money in the state's social insurance company ZUS, the Finance Ministry said Wednesday. Under the proposal, private pension funds would recei...

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[Posted on : 2009-11-04 ] Category : [ Finance (General) ]

IMF unfreezes standby loan after Serbia promises spending cuts
Belgrade - The International Monetary Fund (IMF) will unfreeze funds from a 4-billion-dollar standby loan to Serbia, which in return must curb spending and reform its social care system, officials said Wednesday in Belgrade. The head of the IMF missi...

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[Posted on : 2009-11-04 ] Category : [ Finance (General) ]

IMF recommends Iceland keep currency controls
Reykjavik - The International Monetary Fund (IMF) has recommended Iceland maintain currency controls for the time being in order to ensure a stable currency, according to a report released Tuesday. The Icelandic central bank published the 98-page rep...

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[Posted on : 2009-11-03 ] Category : [ Finance (General) ]

Reports: Leterme set to return as Belgian premier

Bayern facing early exit - van Gaal too? - Feature

Thai shares down 2 per cent on fears of political violence

Congolese rebel leaders plead not guilty as war crimes trial begins

Philippines declares emergency rule after political violence - Summary

EXTRA: No deal on prisoners exchange yet, says Netanyahu

Indian government presents mosque demolition report to parliament

Turkey's public sector unions to stage 24 hour strike

Danish climate minister nominated for European Commission

Australian doctors marvel as separated twins eat, sleep, play

Brooding Gattuso may consider a farewell to AC Milan - Feature

Reports: Gago and Van Nistelrooy may leave Real Madrid in January

Wheelchair banned - Paralympian crawls through Australian airport

German business confidence, GDP rise strongly - Summary

HIV infections fall 17 per cent in seven years, UN says

Pakistani troops kill 18 militants near Afghan border

Officials say 10 Afghan civilians killed in separate attacks

Vietnam nuclear plants to be approved despite concerns

EXTRA: Death toll hits 39 in political violence in Philippines

Men questioned over gingerbread house vandalism