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Stricter banking standards for capital and cash reserves will ...
Sep 8th, 2010
(AFP/DDP/File) - Stricter banking standards for capital and cash reserves will not burden economic growth, German central bank president Axel Weber, seen here, has said.(AFP/DDP/File/Torsten Silz) -
By Megan Davies MOSCOW (Reuters) - Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for. While players such as Citi and Austria's Raiffeisen thrive, many have found post-Soviet Russia too hard to crack: rife with credit, legal and corruption ... [Full Article]
LONDON (Reuters) - Royal Bank of Scotland said on Wednesday it would not have to issue contingent capital to meet new regulatory demands and expects to meet the requirements through its existing business plan. The state-backed lender said, however, that issuing contingent capital remained an option for the group if it needed to. RBS said it expecte... [Full Article]
(Reuters) - Yahoo Inc will buy online blogging service Tumblr for $1.1 billion in cash, the company said on Monday. The deal, which will use about one-fifth of Yahoo's $5.4 billion in cash and marketable securities, is the largest by far since Yahoo Chief Executive Marissa Mayer took the reins in July in order to reverse a multi-year decline i... [Full Article]
By Nick Tattersall and Matt Spetalnick WASHINGTON (Reuters) - President Barack Obama said on Thursday he reserved the right to resort to both diplomatic and military options to pressure Syrian President Bashar al-Assad but insisted that U.S. action alone would not be enough to resolve the Syrian crisis. Taking a cautious line at a joint news confer... [Full Article]
BEIJING (AP) - China's new leader Xi Jinping will confer with President Barack Obama next month in California, months earlier than their expected first meeting, as both sides seek to stem a drift in relations, troubled by issues from cyberspying to North Korea. (Source: Associated Press)... [Full Article]
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