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IMF dubs Ukraine's progress in fighting corruption 'slow', threatens to cut aid

Feb 10, 2016 at 22:42 | Source: FirstPost

Washington: The International Monetary Fund pounded the table in Ukraine on Wednesday, threatening to cut crucial financial aid because of the country's "slow progress" in fighting corruption."Without a substantial new effort to invigo...

Section of MCD doctors call off strike, but others insist they'll continue protesting

Feb 05, 2016 at 22:39 | Source: FirstPost

New Delhi: A section of municipal corporation doctors on Friday ended the strike they had called to press for payment of salaries, urging authorities to refrain from taking "punitive action" and cutting salaries for participating in the str...

Political grandstanding, official disengagement have made MCD mess ugly: Former Delhi Chief Secy

Feb 05, 2016 at 18:35 | Source: FirstPost

Amid the blame game and confrontation between the Aam Aadmi Party-led Delhi government and the Bharatiya Janata Party-led municipal corporations, the indefinite strike of the civic body employees entered its tenth day on Friday. Despite the Delhi Hig...

International lenders pore over Greek reforms as strike looms| Reuters

Feb 02, 2016 at 04:16 | Source: FirstPost

ATHENS Greece's international lenders began reviewing on Monday its progress in implementing reforms set out in a multi-billion euro bailout deal to assess whether it has done enough to secure debt relief in future.Cash-strapped Greece is facing chal...

IMF makes another $137 million available to bail-out Cyprus

Jan 27, 2016 at 13:54 | Source: FirstPost

Nicosia, Cyprus: The International Monetary Fund says it has made another 126.3 million euros ($136.87 million) available to Cyprus after completing what it said was its second-to-last review of the Eurozone country's rescue deal.The IMF said on Wedn...

Resentment simmers as Greece launches debate on pension reforms| Reuters

Jan 27, 2016 at 00:31 | Source: FirstPost

ATHENS Greek Prime Minister Alexis Tsipras launched a vocal defence of plans to overhaul the country's pensions system on Tuesday as public unrest simmered over cutbacks that are a condition for the indebted country to receive more international aid....

AIG to spin off mortgage unit, cut jobs in sweeping overhaul| Reuters

Jan 26, 2016 at 23:45 | Source: FirstPost

American International Group Inc said it would spin off its mortgage insurance unit, cut jobs and sell its broker-dealer network as part of a sweeping overhaul promised to shareholders to fend off activist investor Carl Icahn.The insurer said in a st...

'Running out of time', EU puts Greece, Schengen on notice| Reuters

Jan 26, 2016 at 03:45 | Source: FirstPost

AMSTERDAM The European Union edged closer on Monday to accepting that its Schengen open-borders area may be suspended for up to two years if it fails in the next few weeks to curb the influx of migrants from the Middle East and Africa.Shorter-term di...

Darling of Davos, Lagarde has second IMF term sewn up| Reuters

Jan 24, 2016 at 23:15 | Source: FirstPost

DAVOS, Switzerland The darling of the Davos political and financial elite, Christine Lagarde has a second term at the helm of the International Monetary Fund sewn up just days after nominations opened, despite facing possible trial in France.The form...

Draghi says ECB still has ammunition amid doubts| Reuters

Jan 23, 2016 at 00:30 | Source: FirstPost

DAVOS, Switzerland European Central Bank President Mario Draghi said on Friday that the bank had plenty of instruments at its disposal to push meager euro zone inflation levels higher and was both determined and willing to act.His comments at the Wor...

Cyprus president sees peace deal this year, seeks aid, land| Reuters

Jan 21, 2016 at 02:46 | Source: FirstPost

DAVOS, Switzerland Cyprus President Nikos Anastasiades said on Wednesday he aims to achieve a peace settlement with the Turkish Cypriots this year to reunite the divided east Mediterranean island and he urged the international community to help fund ...

Refugee crisis could shake up German political landscape in 2016| Reuters

Jan 03, 2016 at 22:15 | Source: FirstPost

BERLIN For the past decade, German politics has been a relatively dull affair, with Angela Merkel dominating at the national level and the major parties in agreement on all the big issues, from euro zone bailouts and refugees to the phase-out of nucl...

Greek central banker urges government on bailout reforms| Reuters

Jan 03, 2016 at 01:15 | Source: FirstPost

ATHENS Greece's central bank chief has urged the leftist-led government to implement bailout reforms agreed with the country's lenders, warning that backtracking would entail risks the economy could not withstand.Prime Minister Alexis Tsipras' ruling...

Spain PM attacked over corruption scandal in election debate| Reuters

Dec 15, 2015 at 06:15 | Source: FirstPost

MADRID A debate before Sunday's Spanish general election exploded into an angry row on Monday when the opposition leader accused Prime Minister Mariano Rajoy of not being a "decent" man and said he should have quit over a corruption scandal...

Gold monetization scheme: Why the gods should allow destiny to run its course

Dec 11, 2015 at 12:54 | Source: FirstPost

Shanmuganathan Shan NagasundaramClose on the heels of the first phase of Gold deprivitization scheme so as to wean away purchase of physical gold by citizens, comes the next phase i.e. the Gold Monetization (GM) scheme - to make the hindu temples par...

Russia will not leave IMF after debt rule change, minister says| Reuters

Dec 10, 2015 at 23:15 | Source: FirstPost

MOSCOW Russia has no plan to cancel its membership in the International Monetary Fund after the organisation changed its operating rules in a way that may support Ukraine in a debt dispute with Russia, Finance Minister Anton Siluanov said on Thursday...

Air India's turnaround story: A whopping Rs 22,280 cr of taxpayers' money already spent, but still no signs of divestment

Dec 09, 2015 at 13:59 | Source: FirstPost

New Delhi:Me and you, this country's tax payers, have bankrolled the government's bailout of Air India (AI) since 2012 when a turnaround and financial restructuring plan was approved to save this ailing airline. The turnaround plan itself was needed ...

Govt has pumped in Rs 22,280 cr of taxpayer money into Air India, but where is the plan to disinvest?

Dec 09, 2015 at 13:59 | Source: FirstPost

New Delhi:Me and you, this country's tax payers, have bankrolled the government's bailout of Air India (AI) since 2012 when a turnaround and financial restructuring plan was approved to save this ailing airline. The turnaround plan itself was needed ...

Shortage of trust threatens Greece's comeback| Reuters

Dec 06, 2015 at 16:45 | Source: FirstPost

ATHENS After a tumultuous year of two elections, a referendum, a default, a bank shutdown, capital controls and a tidal wave of migrants, it's amazing that Greece is still standing, like the Parthenon towering over Athens.Yet the visitor's first impr...

Refugee crisis resurrects German anti-immigration party| Reuters

Nov 28, 2015 at 02:16 | Source: FirstPost

BERLIN Europe's refugee crisis has resurrected Germany's AfD anti-immigrant party, which aims to enter three new state parliaments next year by luring conservative voters angry with Chancellor Angela Merkel's open-door asylum policy.The Alternative f...

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