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Bank of England chief backs CEO pay restraint
(01-24) 12:39 PST LONDON, United Kingdom (AP) -- The governor of the Bank of England has joined calls from government and Parliament for banks and other big businesses to curb lavish executive pay. Mervyn King also said...
Greece must pledge tough reforms for debt swap deal
ATHENS (Reuters) - Greece must make "difficult" decisions in the coming days to clinch a debt swap agreement and a 130 billion euro bailout package needed to avoid an unruly default, the government said on Tuesday. Near-bankrupt Greece is struggling to convince skeptical lenders it can ram through spending cuts and labor reform to help bridge a funding shortfall driven by a worsening economic ...
David Moon: Time to reassess risks when chasing rewards
The rate on a new six-month CD at First Tennessee and Regions bank is 0.15 percent. The rate on a six-month Treasury bill is a scant 0.04 percent. Not 4 percent, but four one-hundredths of a percent. If you invest $10,000 in a six month T-bill, you will earn a whopping two dollars.
Romania, IMF Agree on $664 Million Tranche as Balkan Nation’s Growth Slows
Romania and the International Monetary Fund reached a staff-level agreement to unlock about 505 million euros ($664 million) in funds from its standby loan, IMF Mission Chief Jeffrey Franks said.
Greece must make "difficult" decisions in the coming days to clinch a debt swap agreement and a 130 billion euro bailout package needed to avoid an unruly default, the government said today
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