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Unwind monetary stimulus even if markets volatile, says BIS chief
By Paul Carrel and Alexander Smith
DAVOS, Switzerland (Reuters) - Countries across the world need to unwind expansive monetary policies and put more emphasis on reforming and repairing ...
15 minutes ago
Bank earnings squeezed by fines and prudent provisions
By Steve Slater and Sarah White
LONDON/MADRID (Reuters) - Grim as forthcoming results from many of Europe's banks may be, they could help mark a turning point in the sector's fortunes. ...
19 minutes ago
Emerging currency panic forces central bank action
By Carolyn Cohn
LONDON (Reuters) - Central banks across the developing world waded into currency markets on Friday to try and stabilise currencies that were rapidly depreciating in an e...
1 hour, 9 minutes ago
German car club executives used rescue helicopter for business trips
BERLIN (Reuters) - Germany's ADAC car club acknowledged on Friday that senior managers had used its rescue helicopters for business trips, spelling more embarrassment for the group after it admitted f...
1 hour, 33 minutes ago
Pakistan suspends Shi'ite pilgrimage route to Iran
By Gul Yousafzai
QUETTA, Pakistan (Reuters) - Pakistan has suspended buses carrying Shi'ite pilgrims from travelling through its volatile Baluchistan province to neighbouring Iran due t...
1 hour, 52 minutes ago
Clashes and shelling as 140,000 flee Iraq conflict
Baghdad (AFP) - Violence in parts of Anbar province held by anti-government fighters killed three people as the United Nations warned Friday of Iraq's worst displacement since its brutal 2006-08 sectarian conflict.
January 25, 12:27 am
Thai court says election can be postponed
Bangkok (AFP) - Thailand's Constitutional Court ruled Friday that controversial elections scheduled for next month can be delayed due to deadly political unrest, adding to pressure on the embattled premier following weeks of mass opposition protests.
January 25, 12:23 am
N. Korea pushes South on military drills
Seoul (AFP) - North Korea on Friday urged a sceptical South Korea to respond to a recent series of trust-building gestures and again called on Seoul to cancel upcoming military drills with the United States.
January 25, 12:21 am
Nestle to spend $1 billion on new factories in Mexico
LONDON (Reuters) - Nestle plans to invest $1 billion (605 million pounds) in Mexico over five years, building two new factories and expanding a third in its sixth-biggest market, it sa...
January 25, 12:20 am
Massive Islamic festival begins in Bangladesh
Dhaka (AFP) - Vast crowds of Muslims prayed near the Bangladeshi capital as the second largest annual Islamic congregation after the Hajj began Friday under tight security.
January 25, 12:17 am
Bangladesh factory tragedy victim commits suicide
Dhaka (AFP) - A female garment worker committed suicide in Bangladesh Friday, nine months after she suffered a serious head injury in the country's worst industrial disaster, police said.
January 25, 12:13 am