World Economic Forum
Greek debt talks still cloud more upbeat Davos
Jan 27, 2012 22:06 EST
The global elite had talked itself into an upbeat frame of mind as the Davos forum neared its climax on Saturday, but the Greek debt crisis still hung heavily over proceedings.
Some G20 countries soften stance on Europe: sources
Jan 27, 2012 16:00 EST
MILAN/MEXICO CITY (Reuters) - Some of the world's biggest economies want to move quickly on a cash injection for the International Monetary Fund to help rescue the euro zone, but hardliners may still scupper an early deal to boost the fund's war chest, G20 sources said on Friday.
Troubled Global AIDS fund shifts focus ten years on
Jan 27, 2012 15:40 EST
Set up to roll back diseases that kill some four million people each year, the Global Fund to Fight AIDS, Tuberculosis and Malaria is shifting focus under new leadership even as it struggles to shake off corruption charges and keep its coffers full.
ECB chief, Geithner fuel hopes of taming eurozone crisis
Jan 27, 2012 14:27 EST
European Central Bank president Mario Draghi said Friday the eurozone had made "outstanding" progress towards resolving its debt crisis as hopes grew for an imminent deal on Greece's debt burden.
Geithner insists Chinese yuan still undervalued
Jan 27, 2012 13:58 EST
US Treasury Secretary Timothy Geithner complained Friday that China is still keeping the renminbi below its fair value and insisted Beijing would have no choice but to let it rise.
Rio summit must yield new model: Brazil minister
Jan 27, 2012 13:43 EST
The upcoming Rio summit on sustainable development must yield a new model to tackle the planet's economic, environmental and ethical crises, according to Brazilian Environment Minister Izabella Teixeira.
West takes Internet freedom for granted: Google boss
Jan 27, 2012 13:31 EST
The Internet proved the only true form of free communication during the Arab Spring and yet the West has come to take the freedom it confers for granted, Google boss Eric Schmidt said Friday.
European stocks fall on US growth data
Jan 27, 2012 10:09 EST
European stock indexes fell back Friday on renewed concerns over Greece's ability to reduce its massive debt and the release of disappointing US economic growth data.
ECB chief, Geithner fuel hopes of taming euro crisis
Jan 27, 2012 10:04 EST
European Central Bank president Mario Draghi said Friday the eurozone had made "outstanding" progress towards resolving the debt crisis as hopes grew for an imminent deal on Greece's debt burden.
UN atomic agency urges Iran to cooperate
Jan 27, 2012 08:17 EST
The head of the UN's atomic watchdog urged Iran Friday to engage constructively with a team of inspectors heading to Tehran, after a damning report on Iran's nuclear programme.
European stocks mixed before US data
Jan 27, 2012 07:48 EST
European stocks were mixed on Friday on renewed concerns over Greece's ability to reduce its debt mountain and as markets awaited key US economic growth data.
Geithner says 2-3% US growth 'realistic'
Jan 27, 2012 07:31 EST
Treasury Secretary Timothy Geithner said Friday he expects the US economy to grow between two and three percent in 2012, unless the debt crisis in Europe widens or the Iranian crisis worsens.
Rivals see no need to match Roche's big gene bet
Jan 27, 2012 07:30 EST
DAVOS, Switzerland (Reuters) - Roche Holding AG's rivals Sanofi SA and Novartis AG see no need to match the Swiss drug maker in buying a gene-decoding business like Illumina Inc and reckon they can do partnerships instead.
'Onus on Iran' to prove nuclear intentions: UN chief
Jan 27, 2012 07:25 EST
UN chief Ban Ki-moon on Friday urged Tehran to halt its nuclear programme and to resume talks with Western powers, saying that the onus is on Iran to prove its good intentions.
Hopes rise for Greek deal as US praises euro salvage bid
Jan 27, 2012 07:21 EST
Europe's economic pointman said Friday he expected Greece to agree a deal with private creditors to write down its debt this weekend as the US praised efforts to combat the eurozone crisis.
German minister hits out at Cameron over tax treaty
Jan 27, 2012 07:15 EST
German Finance Minister Wolfgang Schaeuble took a jab at Britain's Prime Minister David Cameron on Friday, blaming him for Europe's failure to agree a common debt-reduction treaty.
Oil industry sees China winning, West losing from Iran sanctions
Jan 27, 2012 06:33 EST
DAVOS, Switzerland (Reuters) - As the European Union prepares to ban Iranian oil and the United States turns the screw on payments, oil executives and policymakers say China and Russia stand to gain the most and Western oil firms and consumers may emerge the biggest losers.
Euro ministers upbeat on Greece, crisis solution
Jan 27, 2012 06:16 EST
DAVOS, Switzerland (Reuters) - Euro zone finance officials voiced optimism on Friday that a deal to avert a disorderly Greek default was imminent and that key building blocks to resolve Europe's sovereign debt crisis are gradually fitting into place.
U.S. growing at 2-3 percent rate: Geithner
Jan 27, 2012 06:11 EST
DAVOS, Switzerland (Reuters) - The U.S. economy is growing at 2-3 percent but still faces big challenges to repair damage wrought by the financial crisis, Treasury Secretary Timothy Geithner said on Friday.
Geithner presses Europe to increase crisis firewall
Jan 27, 2012 06:11 EST
DAVOS, Switzerland (Reuters) - Treasury Secretary Timothy Geithner pressed Europe on Friday to boost its bailout fund resources, citing the euro zone debt crisis and oil prices as the two main factors influencing the pace of the United States' economic upturn.
