|May 22 2013||IRS official refuses to testify before Congress ,AFP|
(MENAFN - AFP) The IRS official who oversees non-profit applications refused to testify Wednesday at a congressional panel probing abuse at the US tax agency but defiantly insisted she had done ...|
|May 22 2013||Germany's Bundesbank chief says France must cut deficit ,AFP|
(MENAFN - AFP) The head of Germany's Bundesbank, Jens Weidmann, said France needs to make additional efforts to reduce its public deficit, in an interview published Wednesday.
France was ...|
|May 22 2013||BoE boss again loses call for more QE stimulus ,AFP|
(MENAFN - AFP) Bank of England governor Mervyn King called in May for more quantitative easing stimulus cash at his penultimate meeting, but was out-voted for the fourth month in a row, minutes ...|
|May 22 2013||Societe Generale sacks Russian unit head ,AFP|
(MENAFN - AFP) French bank Societe Generale said Wednesday it had sacked the head of its Russian unit Rosbank, who was arrested last week in Moscow for accepting a $1.5-million bribe.
"The Board ...|
|May 22 2013||Bernanke warns against premature policy tightening ,AFP|
(MENAFN - AFP) US Federal Reserve Chairman Ben Bernanke acknowledged the risks of the Fed's low interest-rate policy Wednesday but warned that tightening policy now could stall the US ...|
|May 22 2013||Swiss banks facing huge fine over US assets ,AFP|
(MENAFN - AFP) Swiss banks holding US citizens' funds that are not declared to American tax authorities are set to have to pay a massive fine, under a deal between Switzerland and Washington, a ...|
|May 22 2013||Indian medics reconstruct baby's swollen head ,AFP|
(MENAFN - AFP) Indian doctors said Wednesday they have successfully carried out a first round of reconstructive surgery on the skull of a baby suffering from a rare disorder that caused her head to ...|
|May 22 2013||Emirates increases weekly flights to Sri Lanka's Colombo ,MENAFN|
|(MENAFN) Emirates Airlines is planning to add 3 more weekly flights to Colombo starting this June in order to increase the capacity on its services to that destination, reported Emirates ...|
|May 22 2013||Saudi sets new food inflation record last month ,MENAFN|
|(MENAFN) Jadwa Investment announced that Saudi food inflation hit a record high in April driven by rising food prices over the past months, reported Emirates 24/7.
On the other hand, the general ...|
|May 22 2013||IMF urges Britain to privatise state-rescued banks ,AFP|
(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 ...|