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Two senior executives at Bank of Cyprus may have deleted crucial e-mail documents last year, according to an investigative report commissioned by the central bank of Cyprus, the NYT reports.
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Two senior executives at Bank of Cyprus may have deleted crucial e-mail documents last year, according to an investigative report commissioned by the central bank of Cyprus, the NYT reports.
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PARIS, April 4- OPEC is happy with the producer group's official oil output ceiling of 30 million barrels per day, its secretary general Abdullah al-Badri said on Thursday, ahead of an OPEC meeting next month to set output policy.
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*$4.8 billion loan needed to bolster economy in crisis. CAIRO, April 4- Egypt's planning minister said on Thursday the government expects to reach a final agreement with the International Monetary Fund on a $4.8 billion loan within two weeks, the state news agency MENA reported.
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CAIRO, April 4- Egypt's planning minister said on Thursday the government expects to reach a final agreement with the International Monetary Fund over a $4.8 billion loan within two weeks, the state news agency MENA reported. Ashraf al-Araby also said that Cairo had not requested an increase in the amount of the loan, needed to avert a deepening economic crisis.
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CAIRO, April 4- Egypt's planning minister Ashraf al-Araby said on Thursday the government will reach a final agreement with the International Monetary Fund over a $4.8 billion loan within two weeks, the state news agency MENA reported. Araby also said that Egypt has not requested an increase in the amount of the loan.
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If it fails, international lenders may have to do what they wanted to avoid and which Germany and its northern European allies may baulk at- give Cyprus more money. Nicosia will get 10 billion euros over three years from the euro zone and the International Monetary Fund.
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*Moussa, Abolghar both say Egypt needs the loan. CAIRO, April 2- Egypt predicts a speedy conclusion to talks with the International Monetary Fund on a $4.8 billion loan that will help save its economy from crisis.
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Switzerland, Luxembourg, Malta and the Caymans are reminding those shaken by events in Cyprus that they remain open for business.
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The cash shortage is raising questions about Egypt’s ability to keep importing wheat that is essential to the food supply, stirring fears of an economic catastrophe.
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WASHINGTON, March 28- Lithuania has done a good job of recovering from the 2008-2009 economic crisis and has taken impressive steps to consolidate public finances, but should focus future fiscal adjustments on raising more revenue, the IMF said on Thursday.
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WASHINGTON, March 28- The International Monetary Fund said on Thursday it would visit Egypt in the "first days of April" for talks with the government on a possible financing programme worth $4.8 billion. In Cairo, government spokesman Alaa El Hadidi said the IMF would return "some time next week".
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LONDON, March 28- OPEC crude oil output is on course to reach its lowest since October 2011 this month as unrest in Libya, pipeline leaks in Nigeria and Iraqi export disruptions weigh on supplies, a Reuters survey found on Thursday.
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*Economic growth rebounding in U.S. and Japan. PARIS, March 28- The United States and Japan are leading a rebound in advanced economies while the euro zone lags, the OECD said on Thursday, warning financial markets may be getting ahead of themselves by banking on a more solid recovery.
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UNITED NATIONS-- The first global treaty on regulating the multimillion-dollar arms trade appeared to be nearing consensus, supporters said, though worries remained that Iran, India or other countries would back off an agreement that requires approval from all 193 United Nations member states.
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*Economic growth rebounding in U.S. and Japan. PARIS, March 28- The United States and Japan are leading a rebound in advanced economies while the still fragile euro zone needs an interest rate cut to ensure a recovery takes hold, the OECD said on Thursday. We see growth firming in the U.S., we see more growth in Japan thanks to new measures, and we see more growth in Germany. "
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UNITED NATIONS, March 27- United Nations members on Wednesday were close to a deal on the first international treaty to regulate the $70 billion global conventional arms trade, though delegates and rights groups said India, Iran or others could still block agreement.
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*West African state rebounding from decade of turmoil. ABIDJAN, March 27- The International Monetary Fund sees economic growth in top cocoa grower Ivory Coast reaching 8 percent in 2013, up from a previous forecast of 7 percent, a senior Fund official said on Wednesday.
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UNITED NATIONS, March 27- The United Nations hopes that a team investigating allegations about the use of chemical weapons in Syria's civil war will deploy to the country as early as next week, U.N. diplomatic sources said on Wednesday.
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ABIDJAN, March 27- The International Monetary Fund sees economic growth in top cocoa grower Ivory Coast reaching 8 percent in 2013, up from a previous forecast of 7 percent, a senior Fund official said on Wednesday.
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WASHINGTON, March 27- Developing and industrialized countries should rein in energy subsidies that totaled $1.9 trillion in 2011 to ease budgetary pressures and free up resources for public spending in areas such as education and health care, International Monetary Fund economists said in a research paper published on Wednesday.