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Business

ECB stance on bond buys to pay off

TOKYO: The European Central Bank's (ECB) refusal to engage in large-scale purchases of the region's sovereign debt will eventually be rewarded as this will preserve price stability and protect the value of the euro over the long term, governing council member Christian Noyer said yesterday.

Business

Eurogroup set to fix EFSF leveraging rules, deal with Greek aid

BRUSSELS (Reuters) - Euro zone finance ministers are to agree on Tuesday on details of leveraging their EFSF bailout fund so it can help Italy or Spain should they need aid, and are likely to approve the next tranche of emergency loans for Greece and Ireland.

World

Italy's PM in austerity race, IMF denies in aid talks

ROME (Reuters) - Italy's prime minister faces a testing week as he seeks to shore up the country's strained public finances, with an IMF mission expected in Rome and market pressure building to a point where outside help may be needed to stem a full-scale debt emergency.

Business

Influx of office space in Klang Valley worsens oversupply situation

KUALA LUMPUR: An influx of office space in the Klang Valley is putting a downward pressure on yields.

Business

US markets stay on edge(update)

NEW YORK: US investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger.

Business

Italy's Monti in austerity race as IMF role eyed

ROME (Reuters) - Prime Minister Mario Monti faces a testing week seeking to shore up Italy's strained public finances, with an IMF mission expected in Rome and market pressure building to a point where outside help may be needed to stem a full-scale debt emergency.

Business

Bank of Japan Shirakawa warns Japan outlook severe

NAGOYA, Japan (Reuters) - Bank of Japan Governor Masaaki Shirakawa said on Monday the country's economy will eventually resume a recovery but will remain in a severe state for the time being due to the pain from recent yen rises and slowing global growth.

World

Land, water scarcity threaten food security - U.N.

MILAN (Reuters) - A rapidly growing population, climate change and degradation of land and water resources are likely to make the world more vulnerable to food insecurity and challenge the task of feeding its people by 2050, the United Nations' food agency said.

World

Italy's PM in austerity race, IMF denies in aid talks

ROME (Reuters) - Italy's prime minister faces a testing week as he seeks to shore up the country's strained public finances, with an IMF mission expected in Rome and market pressure building to a point where outside help may be needed to stem a full-scale debt emergency.

World

Italy's PM in austerity race, IMF denies in aid talks

ROME (Reuters) - Italy's prime minister faces a testing week as he seeks to shore up the country's strained public finances, with an IMF mission expected in Rome and market pressure building to a point where outside help may be needed to stem a full-scale debt emergency.