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China stuck in `dollar trap` China's official foreign exchange manager is still buying record amounts of US government bonds, in spite of Beijing's fear of a dollar collapse, say officials and analysts FTDecision on state aid to Arcandor delayed The German government is pushing Arcandor, the troubled retailer, and its rival Metro for details about a possible merger of their department stores FTSouth Korea Plans Public Funeral for Ex-Leader Roh South Korea's government and the family of former President Roh Moo-hyun agreed on Sunday to hold a public funeral for the leader who likely jumped to his death after being hounded for weeks in a wide... India GazetteFOREX-Dollar steady near 5-month low, US auctions eyed - Reuters FOREX-Dollar steady near 5-month low, US auctions eyedReutersBy Rika Otsuka TOKYO, May 25 (Reuters) - The dollar steadied on Monday, holding near a five-month low hit against a basket of currencies last week when concern that US government debt may lose its AAA rating prompted investors to sell the world's ... Info 5000Government backflip on share schemes A CONTROVERSIAL Budget move designed to hobble employee shares plans will be overturned following a huge backlash from business and unions. The AustralianFE Editorial : 100 days, six ideas If the first 100 days of this government are spent on creative policymaking in the following six areas, UPA II will have made an excellent beginning. First area: monetary and fiscal institutions. These institutions were designed in the middle of the 20th century. The Financial ExpressReady for Bt-brinjal Amidst unrelenting opposition from environmentalists and consumer activists, the gene-altered hybrid of a widely consumed vegetable, the brinjal or egg plant, developed by the Maharashtra Hybrid Seeds Company (Mahyco), seems set to get the governments approval for commercial cultivation. Business StandardPowers investors jittery over increasing trading bans Private sector investors in power generation projects have become jittery over the increasing use of the emergency provision in the Electricity Act by some state governments, directing generation firms to sell their entire output to the state grid. Business StandardEd Miliband calls for major reforms The government must embark on a major programme of constitutional reform to address public disillusionment with politics in the wake of the MPs' expenses crisis, according to one of Gordon Brown's most influential cabinet allies.Ed Miliband, the climate change secretary and the minister in charge of Labour's manifesto and election strategy, said alienation from politics went well beyond MPs' expenses. He said the traditions and practices of the House of Commons were off-putting to most people and should be looked at by the new Speaker.Speaking at the Guardian Hay festival over the weekend, he also advocated a more 'pluralistic' democracy with more power for parliamentary select committees and local government.Acknowledging the huge public anger over extravagant expenses claims by MPs, he said: 'Out of a set of terrible issues, this is a moment for big reform and government must take advantage of it. We need a more pluralistic political system where power is shared in different ways.' GuardianSensex snaps losing streak, closes up 151 points on hopes of market-friendly reforms India's benchmark stock market index, the BSE Sensex snapped its two-day losing streak, gaining 1.10 percent or 150.61 points on Friday to close up at 13,887.15 on hopes that the newly constituted government would usher in market-friendly reforms and boost economic growth. IB Times1 2 3 4 |
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