WORLD

Fresh food

India’s Inflation in December Drops to 7.47 Percent

India's headline inflation slowed sharply in December to a two-year low as food price pressure eased dramatically, but the Reserve Bank of India (RBI) is still expected to leave interest rates on hold next week as manufacturing inflation remained elevated.
More news
IBTimes Logo

Huntsman to Quit Presidential Race, Endorse Romney

Jon Huntsman will drop out of the Republican presidential race and will endorse frontrunner Mitt Romney, according to his campaign sources. He has informed his campaign advisers that he is quitting and is expected to make the announcement on Monday during a speech at Myrtle beach, South Carolina.
Workers maintain the huge Euro logo in front headquarters of ECB in Frankfurt

S&P Moves, Greek Debt Renew Pressure on Eurozone

Financial markets are unlikely to be derailed by mass euro zone downgrades, but with Greek debt talks at an impasse, pressure has been loaded on the bloc to shore up its defenses and glimmers of optimism from last week have been firmly doused.
Bank of Canada Governor Carney speaks in Montreal

FSB's Carney Rejects Calls to Delay Bank Reforms

Financial Stability Board Chairman Mark Carney on Sunday rejected calls from the banking industry to delay planned tougher capital rules for lenders, saying such a move would not spur strong growth.
IBTimes Logo

Pakistani Tailban Chief Believed Killed by U.S. Drone

The leader of the Pakistani Taliban, the militant movement that poses the gravest security threat to the country, was believed killed by a U.S. drone strike, four Pakistan intelligence officials told Reuters Sunday.
Rick Perry Drops Out of Presidential Race

Perry on Urinating Marines: 'These Kids Made a Mistake'

Texas Gov. Rick Perry, scrambling to keep his U.S. presidential bid alive, accused the Obama administration Sunday of overreacting to a videotape that shows four Marines appearing to urinate on dead Taliban fighters in Afghanistan.
German Chancellor Merkel speaks during news conference after talks with Italian Prime Minister Mario Monti at Chancellery in Berlin

Eurozone Leaders Vow to Work Faster to Fix Crisis

European leaders promised on Saturday to speed up plans to strengthen spending rules and get a permanent bailout fund up and running as soon as possible, a day after U.S. agency S&P cut the ratings of several euro zone countries' creditworthiness.
A money changer holds Iranian rial banknotes as he waits for customers in Tehran's business district January 7, 2012.

U.S. Sanctions Hamper Iranian Bid to Recover $1.75 Billion

Iran's effort to recover some $1.75 billion frozen in a U.S. bank faces a new obstacle due to a law President Barack Obama signed last month, potentially further squeezing Tehran's economy and exacerbating tensions between the two countries.
U.S. Republican presidential candidate and Congressman Ron Paul

Ron Paul Revolution and What GOP Should Learn from It

Ron Paul is being discussed as phenomenon in the U.S. now. The support he is gathering among the younger Republicans as well as the independent voters is creating ripples in the GOP. The Republican leaders look astonished and confused on how to handle the Ron Paul Revolution.
Barack Obama

White House Casts Doubt on Fate of Anti-Piracy Legislation

White House officials raised concerns on Saturday about online-piracy legislation pending in Congress that Facebook and Google Inc. have decried as heavy-handed, but that Hollywood studios and music labels say is needed to save U.S. jobs.
Secretary of State Hillary Clinton hugs Myanmar's pro-democracy leader Aung San Suu Kyi in Yangon December 2, 2011.

Myanmar Says 302 Political Prisoners Freed in Amnesty

Myanmar's government said on Saturday 302 of the 651 detainees it freed this week were political prisoners whose release had been sought by the National League for Democracy (NLD) party of Nobel peace laureate Aung San Suu Kyi.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.