(MENAFN - AFP) The International Monetary Fund on Wednesday urged Britain's government to adopt a "clear" plan to sell its stakes in state-rescued lenders Royal Bank of Scotland and Lloyds Banking Group, but warned it may first need to inject more capital.

"A clear strategy is needed for the two government-intervened banks, with a view to returning them to private ownership," ...

(MENAFN - AFP) The International Monetary Fund on Wednesday urged Britain's government to adopt a "clear" plan to sell its stakes in state-rescued lenders Royal Bank of Scotland and Lloyds Banking Group, but warned it may first need to inject more capital.

"A clear strategy is needed for the two government-intervened banks, with a view to returning them to private ownership," ...

(MENAFN - AFP) As debt-laden Dubai's economic recovery continues, with grandiose projects making a comeback, the emirate faces some near-term maturity of debt racked up during pre-crisis years but the prospects are not gloomy, analysts say.

Dubai is likely to manage the forthcoming obligations, part of total debt amounting to 100 percent of its gross domestic product, ...

(MENAFN - AFP) As debt-laden Dubai's economic recovery continues, with grandiose projects making a comeback, the emirate faces some near-term maturity of debt racked up during pre-crisis years but the prospects are not gloomy, analysts say.

Dubai is likely to manage the forthcoming obligations, part of total debt amounting to 100 percent of its gross domestic product, ...

(MENAFN - AFP) The Vatican on Wednesday said it was a "credible partner" in the struggle against money laundering as it published its first-ever report on efforts to meet international rules on suspect financing.

The Vatican "is already a credible partner," said Rene Bruelhart, director of the Vatican's Financial Intelligence Authority (FIA), who was appointed last year ...

(MENAFN - AFP) The Vatican on Wednesday said it was a "credible partner" in the struggle against money laundering as it published its first-ever report on efforts to meet international rules on suspect financing.

The Vatican "is already a credible partner," said Rene Bruelhart, director of the Vatican's Financial Intelligence Authority (FIA), who was appointed last year ...

(MENAFN - AFP) Sony chief Kazuo Hirai said Wednesday the company was examining a hedge fund proposal to sell off part of its entertainment unit in a bid to boost profits in its core business.

Hirai told a press conference board members have started discussing the idea raised by key shareholder Daniel Loeb, whose investment fund Third Point suggested spinning off as much ...

(MENAFN - AFP) Sony chief Kazuo Hirai said Wednesday the company was examining a hedge fund proposal to sell off part of its entertainment unit in a bid to boost profits in its core business.

Hirai told a press conference board members have started discussing the idea raised by key shareholder Daniel Loeb, whose investment fund Third Point suggested spinning off as much ...

(MENAFN - AFP) Italian lawmakers on Wednesday gave their final approval to a law that allows limited use of a controversial type of stem cell therapy which has been condemned by many scientists but has given hope to families of terminally-ill children.

The law gives the go-ahead for therapy being carried out by the Stamina Foundation on dozens of patients to continue, ...

(MENAFN - AFP) Italian lawmakers on Wednesday gave their final approval to a law that allows limited use of a controversial type of stem cell therapy which has been condemned by many scientists but has given hope to families of terminally-ill children.

The law gives the go-ahead for therapy being carried out by the Stamina Foundation on dozens of patients to continue, ...