Click to enlarge photo Labour Minister Andreas Loverdos said men and women will
retire at 63 on average in a bid to save Greece's cash-strapped pensions
system, as other ministers met for a second day to finalise the country's new
tax policy. "There will be a
Click to enlarge photo Wall Street's lowest close for three months on Monday
pressured Asian stocks but bargain hunting saw small gains for some markets in
the region, dealers said. In midday European trade, London's benchmark FTSE 100
index of leading shares
Click to enlarge photo The bank, severely hit by the financial crisis as well
as international pressure on tax evasion and Swiss banking secrecy , posted a
1.20-billion-franc profit (1.12 billion dollars, 821 million euros) in the
fourth quarter of 2009. It was
Click to enlarge photo "There will be a two-year increase of the limits on the
average rate of retirement... namely 63 years on average for men and women by
2015," Labour Minister Andreas Loverdos told reporters after a ministry
meeting. "We are changing the pensions
Click to enlarge photo LONDON (AFP) - The European single currency breached
1.37 dollars on Tuesday on hopes that eurozone debt woes may ease, dealers
said. The dollar rose to 89.71 yen from 89.28 late Monday. Reports that the
debt and deficit problems of Greece,
FOREX: CREDIT DEFAULT SPREADS AND EUR/USD EUR/USD: G7 LEAVES MUCH TO BE DESIRED
GBP/USD: LEADS G7 PUSH FOR BANKING FEE USD/CAD: NEW BUBBLE IN HOUSING ?
NZD/USD: BOLLARD FINDS THAT ECONOMY IS STILL FRAGILE AUD/USD: CUTTING BACK ON
Click to enlarge photo Initially, the Abu Dhabi Company for Onshore Oil
Operations expects to invest 5.3 billion dollars between now and 2012, Kindy
said at a press conference. Two 1.5-billion- dollar contracts and another
300-million-dollar contract will be
Click to enlarge photo Xstrata chief Mick Davis predicted that commodities
markets would shrug off depressed demand and prices triggered by the financial
and economic crisis in 2008 and 2009 and return to a situation where demand
would outstrip
Gary Toomey . . . on the charge. Illustration: John Shakespeare But since
becoming chief executive of Airlines PNG in June last year, the Toomey star
appears to be on the rise in Papua New Guinea. Toomey has thrown his weight
behind the rugby league-mad nation's bid to get a team in the
Treasurer Andrew Fraser says the Federal Government's decision to withdraw
guaranteeing state borrowings at the end of the year emphasises the importance
of the Queensland Government's asset sales program. Mr Fraser says that means
the Queensland Government must be financially disciplined and
Click to enlarge photo Wall Street's lowest close for three months on Monday
pressured Asian stocks but bargain hunting saw small gains for some markets in
the region, dealers said. In midday European trade, London's benchmark FTSE 100
index of leading shares
