January 29, 2013 |
JERUSALEM -- Bank of Israel chief Stanley Fischer, who is widely credited with shepherding Israel through the international credit crunch four years ago, said he would resign from his post in June. Fischer, who was appointed in 2005, gave no reason for his departure, but he had previously hinted that he did not expect to complete his second five-year term, which began in 2010. Under Fischer, Israel maintained a steady, conservative monetary policy with impressive economic growth and low inflation.
January 11, 2013 |
JOHANNESBURG - Opposition forces in the Central African Republic who took control of a large swath of the country in recent weeks have succeeded in forcing President Francois Bozize's government to share power, officials said Friday. In a deal averting a battle for control of Bangui, the capital, Bozize and the opposition agreed to a coalition government during peace talks in Libreville, the Gabon capital. Chad's foreign minister, Moussa Faki Mahamat, who attended the talks, released a statement announcing the peace agreement.
October 9, 2012 |
JERUSALEM - Israeli Prime Minister Benjamin Netanyahu announced Tuesday night that he is disbanding his right-wing government and calling for early elections, blaming a coalition deadlock over how to slash nearly $4 billion from next year's budget. Speculation has been rife for months that Netanyahu's inability to pass a 2013 budget would force him to dismantle what has been one of Israel's longest-serving coalition governments. Parliamentary elections, which were expected to take place in October 2013, will probably occur by February.
September 15, 2012 |
NEW DELHI - After months of criticism over policy malaise, the Indian government on Friday announced a series of bold economic reforms allowing significant foreign investment in the retail, aviation and broadcasting sectors. The moves, aimed at invigorating the economy, would allow investment from abroad of up to 51% in supermarkets and chain stores such as Wal-Mart, up to 49% in aviation, up to 71% in broadcasting and up to 49% in parts of the electrical power industry. In addition, New Delhi announced plans to sell its stake in several public service companies dealing in oil, copper and aluminum.
May 12, 2012 |
ATHENS - Greeks braced for another trip to the ballot box next month after weeklong crisis talks aimed at forming a coalition government collapsed Friday. The repeat election will probably take place June 17, senior government and party officials said. The breakdown came after socialist PASOK party leader Evangelos Venizelos failed to persuade Alexis Tsipras and his far-left Syriza party to team up in a coalition government after Sunday's elections gave no party overall control of Parliament.
May 8, 2012 |
ATHENS — As it teeters on the brink of political chaos, Greece passed another day without a government after highly splintered elections that gave no party overall control of Parliament. Politicians remained deadlocked Tuesday over how to handle Greece's monumental debt crisis, fueling fear far beyond the country's borders that it could collapse into financial mayhem and wreak untold consequences on the world economy. Deepening the feeling of instability, the second-place finisher in Sunday's elections, a staunch leftist, said he would try to stitch together a coalition government with the aim of tearing up Greece's bailout agreements, a move that would spark a dangerous escalation of the euro debt crisis.