By Agency Reporter Wednesday, 8 Dec 2010 BRUSSELS : European Union finance ministers formally adopted Ireland‘s ¤85bn ($114bn) bailout plan on Tuesday, hours before the Irish parliament was to vote on an austerity budget. Ministers from the 27 European Union nations ”adopted a decision providing financial assistance to Ireland and a […]

By Agency Reporter Wednesday, 8 Dec 2010 BEIJING: China is likely to raise interest rates in the coming days in a demonstration of the government‘s resolve to tame inflation, Reuters reported on Tuesday. In a banner headline across its front page, the China Securities Journal said this weekend offered a ”sensitive […]

By Agency Reporter Wednesday, 8 Dec 2010 LONDON : Tension on European bond markets was undiminished on Tuesday after German and fellow euro zone states resisted International Monetary Fund’s calls to do more to quell the currency bloc‘s debt crisis. After a five-hour meeting on Monday, the 16 ministers said they […]