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See the rest here: Rebels Release Spanish Journalists
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See the article here: Production Slides in Japan
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The rest is here: Japan’s Sales-Tax Boost Tests Abenomics
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Read more: EU to Send Troops to Aid Africa Mission
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Original post: Will Portugal Still Need a Safety Net?
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See original here: Israel Delays Release of Palestinian Prisoners
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See the article here: French Local Elections Deal Setback to Hollande
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Read the rest here: Euro-Zone Inflation Unexpectedly Weakened
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Original post: Israel’s Olmert Convicted of Bribery
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Here is the original post: France Overshoots Deficit Target
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Continue reading here: Thai Leader Defends Herself Over Subsidy
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Originally posted here: Drawing Lines on Japan’s Economic Map
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See the article here: China Files Charges Against Ex-General
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Excerpt from: Diverging Fortunes Hit Asian Currencies
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View post: China Petrochemical Plant Proposal Draws Protests
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Read the original here: Court Finds Japan Whaling Breaches International Agreements
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Read more from the original source: Portuguese Bailout Payment Delayed
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Here is the original post: Government Victory in Turkey Offers Respite From Turmoil
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Original post: Impact of Climate Change Is Wide, U.N. Panel Says
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Excerpt from: Egyptian Court Orders Activist Freed
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More here: Investigators Still Can’t Explain Mystery of Plane
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See original here: Obama’s Europe Trip Takes On New Security Focus
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More: Three Dead in Venezuela Unrest
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Read more: India Captures Four Alleged Terrorists
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Originally posted here: Father of Spanish Democracy Dies
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Read the rest here: Bird Hits Malaysia Airlines Flight Landing in Nepal
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More: Turkey Says It Shot Down Syrian Jet
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View original post here: German Foreign Minister Warns on Further Sanctions
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Visit link: Swiss Investigate Ousted Ukraine President’s Associates
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Originally posted here: In Holdout Crimea Base, Commander Waits, Hoping Not to Shoot
Masks carved from stone 9,000 years ago are on display at the Israel Museum in Jerusalem.
Continue reading here: Israel Museum in Jerusalem Shows Ancient Masks
In this Scandinavian nation, public dissections of animals draw crowds of students.
See the original post: Denmark’s Museums Take Visitors Inside the Animal Kingdom
About 768 million people, most of them poor, don’t have access to safe drinking water, Unicef said ahead of World Water Day, marked Saturday.
Follow this link: A Thirsty World
First Lady Michelle Obama pushed for free speech and access to information Saturday during her tour of China, raising a sensitive political issue on a trip that’s been billed as a cultural exchange.
See the rest here: First Lady Raises Sensitive Issue
Don’t blame the Ukraine crisis on nationalism or use the term as an insult. Nationalism is here to stay-—and it’s often a force for democracy and stability.
Read more from the original source: The Case for Nationalism
China’s land ministry accused local governments of selling land without authorization and failing to compensate farmers, warning that it could hold some officials personally responsible and may take criminal action.
Visit link: China Warns on Local Land Sales
The OAS was the stage for a political showdown when a Venezuelan opposition leader tried to address the regional body to discuss alleged human-rights abuse by that country.
View post: OAS at Center of Venezuela Showdown
Groups of angry homeowners put up banners and demanded their money back after Hong Kong-listed property developer Wharf Ltd. cut prices on new homes in an eastern Chinese city, in the latest sign of stress in the nation’s property market.
See the original post: Chinese Homeowners Vent Frustrations After Price Cuts
Heirs to a prominent French art dealer secured the return of a portrait by Henri Matisse that was stolen by the Third Reich which could now be worth $40 million.
Read more from the original source: Painting Stolen by Nazis Returned to Family
Ugandan police said at least 19 people, most of them children, died in a boat accident on Lake Albert, which lies along the Uganda-Congo border.
See the original post: Uganda Boat Mishap Kills at Least 19 People
Palestinian security officials say three Palestinians have died in the West Bank after a raid by Israeli soldiers and ensuing protests by residents.
Read this article: Three Palestinians Killed in Clash With Israeli Army
A multivehicle collision involving two trucks and two passenger buses on a coastal highway in southwestern Pakistan early on Saturday killed 35 people and injured 20 passengers, police said.
View post: Multivehicle Crash in Pakistan Kills 35
Four Taliban gunmen smuggled tiny pistols into a Kabul hotel filled with foreign observers, killing nine people, including an AFP reporter and his wife and two children.
View original post here: A Taliban Massacre Jolts Heart of Kabul
The euro zone’s tepid economic recovery is “real” but plenty of risks remain, including the prospect of slower growth in emerging markets and the possibility of an escalation of tensions between Russia and Ukraine, Vitor Constancio, ECB deputy president, said Saturday.
Link: ECB Sees Modest Euro Economic Recovery
Two armed men barged into the trendy Colette concept store near the Élysée Palace Saturday and left with over half a million euros worth of goods, the third robbery in this fashion district of the French capital in a week.
See original here: Armed Thieves Attack Colette Store in Paris
Pope Francis on Saturday appointed a victim of sexual abuse and a senior cardinal known for his zero-tolerance approach to a new group charged with advising the Catholic Church on how to respond to the problem of sexual abuse of children.
Read this article: Pope Francis Appoints Eight to Sex-Abuse Commission
The U.S. National Security Agency spied on Chinese technology group Huawei in early 2009 and targeted Chinese officials including former President Hu Jintao, German news weekly Der Spiegel reports, citing documents leaked by former NSA contractor Edward Snowden.
Read more: Magazine Says NSA Spied on China Officials, Huawei
Tens of thousands of demonstrators from across Spain marched in central Madrid to protest government measures they claim have eroded civil rights in the country.
Read the original post: Spaniards Protest Against Austerity
Chinese and Japanese military aircraft will join an Australian-led squadron of planes scouring the southern Indian Ocean for missing Malaysia Airlines Flight 370, as Beijing said it had found new satellite images of an object in the search area.
Go here to read the rest: China Satellite Spots Object in Jet Search
Sydney’s historic cricket oval has been transformed into a diamond fit for the opening of the Major League Baseball season.
Continued here: The National Pastime Takes a Trip Down Under
Patrick McGovern, whose tech-world magazines both chronicled and helped define the rise of the computer age and who made the world safe for ‘Dummies,’ died Wednesday. He was 76.
Read more here: ‘Dummies’ Book Publisher Patrick McGovern Dies
France has Champagne. Spain has Serrano ham. And in a restaurant on the outskirts of postindustrial Birmingham, England, Matthew O’Callaghan is tucking into a British dish that he hopes will soon join this constellation of elite brands: a curry called the Birmingham Balti.
Read the rest here: One Man’s Quixotic Quest to Boost British Cuisine
In today’s pictures, schoolchildren learn how to sleep in China, marathoners run through Jerusalem, a boy enjoys cotton candy in Kabul and more.
Link: Photos of the Day: March 21
Penalizing Russia and improving life in Ukraine both involve sacrifices the bloc seems unwilling to make.
Here is the original post: EU Faces Difficult Choices Over Ukraine
Transnistria, an autonomous territory in Moldova, makes moves to join the Russian Federation, heightening concern in Europe’s poorest nation.
Excerpt from: Moldova Fears Territory’s Tilt Toward Russia
The U.K. public sector borrowed slightly more than expected in February, as government departments spent more than they did a year earlier and receipts fell, official data showed.
Read more: U.K. Public Sector Borrowing Higher Than Expected
The euro zone’s current account surplus rose to a record high in January, indicating that some euro-zone countries continue to rebalance their economies toward exports and away from imports.
Read this article: Euro-Zone Current Account Surplus Rises
South Korea’s president will meet Japan’s prime minister in a trilateral summit with President Obama next week, in the first formal meeting between the two Asian leaders since each took power.
Continue reading here: Leaders of Japan, South Korea Set to Meet
The government’s failure to estimate how many Bulgarians and Romanians would move to the U.K. after temporary controls ended led to anti-immigrant prejudice, a group of lawmakers said.
Originally posted here: U.K. Government Accused of Stoking Anti-Immigrant Prejudice
Two children died and 30 others were sickened in a mass poisoning—whether intentional or accidental remains unclear—at a kindergarten in southwestern China.
Continue reading here: Two Dead in Chinese Kindergarten Poisoning
Uruguay President Jose Mujica said his government is in talks with the Obama administration and may accept five Guantanamo prisoners.
More: Uruguay May Accept 5 Guantanamo Prisoners
China said it has reached a deal with the European wine industry to end a trade dispute over wine imports from the EU, just as President Xi Jinping prepares for a visit to Brussels.
Follow this link: China Reaches Deal to End Wine Spat With EU
The White House canceled plans for summit this month between President Barack Obama and Persian Gulf monarchs in Riyadh because of splits between Washington’s closest allies in the region.
See more here: U.S. Cancels Summit With Gulf Nations
Taiwanese protesters opposing a controversial trade deal with China said Friday they would continue to occupy the legislative building until the government retracts the signed pact that has spurred heated debates in Taiwan.
See more here: Taiwanese Students Refuse to End Protest
With elections days away, France is caught in the middle of a public feud between President François Hollande and his predecessor Nicolas Sarkozy.
Read the original post: France’s Hollande in Public Feud With Predecessor Sarkozy
The United Nations atomic agency said that Iran is complying with the interim nuclear deal it signed with six major powers last November.
Read more here: Iran Complying With Interim Nuclear Deal
When French voters cast ballots Sunday in the first round of local elections, they are expected to send Socialist President François Hollande a message: Many of them are attracted to far-right leader Marine Le Pen.
Originally posted here: French Far Right Expected to Gain Ground
Brazil’s President Dilma Rousseff remains the clear front-runner to win re-election in October, according to a new poll, but many voters nonetheless say they want a clear change of direction.
See original here: Brazil’s President Rousseff Leads in Poll
Geert Wilders, leader of the Dutch anti-immigration Party for Freedom, is facing opposition from his own members ahead of the launch of his widely anticipated campaign for the European elections.
Read more: Geert Wilders Faces Defections After Comments on Moroccan Immigrants
The first lady took ping-pong diplomacy to a new level on her weeklong tour of China as the two countries try a new tactic to build trust.
Read the original here: Mrs. Obama’s Ping-Pong Diplomacy
Canada’s top court ruled Friday that Quebec-born federal court judge Marc Nadon cannot join its ranks, dealing a blow to Prime Minister Stephen Harper.
Read more from the original source: Canada’s Court Rules Harper Appointee Ineligible
Panama-based Promerica Financial has bought a 56% stake in Ecuador’s Banco de la Producción for $130.3 million, the Guayaquil stock exchange said Friday.
Read this article: Promerica Buys Stake in Ecuador’s Produbanco
Thailand’s Constitutional Court nullified the inconclusive Feb. 2 general election and ordered a new poll, dealing a setback to the government and adding to the country’s political uncertainties.
Read this article: Court Nullifies Thai General Election
The governor of Rio de Janeiro requested help from federal security forces Friday to quell violence in the sprawling slums of the capital just months before it hosts soccer’s World Cup.
More here: Rio Asks for Federal Help to Put Down Gang Offensive
Russia sent mixed signals Friday on how it planned to answer broadening U.S. sanctions, with President Vladimir Putin saying officials should refrain from further retaliation but the foreign ministry and a top aide promising a tough response.
Here is the original post: Russia Sends Mixed Signals on Sanctions
A 6.3-magnitude earthquake struck near India’s Nicobar Islands Friday, according to the country’s Meteorological Department.
Read this article: Earthquake Hits Near India’s Nicobar Islands
Turkey’s president criticized the country’s blockade of Twitter, sending a message on the social-media service to counter longtime ally Prime Minister Erdogan’s move to stifle government challenges before elections.
More: Turk President Criticizes Twitter Ban
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View original post here: Venezuela Arrests Opposition Mayor
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Read the original here: Foreign Gunmen Attack Turkish Security Forces
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More here: Baby Bust Hits Developing World
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Go here to see the original: B.C. Government Prepares to End Trucker Strike
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Read the original here: South Sudan Troops Recapture Malakal
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Read the original: Japan, North Korea to Restart Talks
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Visit link: Fire Breaks Out in Downtown Tokyo
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Original post: Dutch Coalition Suffers Blow in Municipal Elections
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Read more from the original source: Alberta Ruling Party Chooses Interim Premier
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Read this article: Polish Rate Setter Says Rate Hike Possible in 4Q
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Read this article: BOE’s Weale: U.K. May Have Less Spare Capacity Than Thought
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Read the rest here: EU to Change Budget Calculation
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Originally posted here: Anglo American Reaches Deal with Union
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Excerpt from: Indian Court Convicts Four Men of Raping Photojournalist
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Go here to read the rest: Afghan Gunbattle Leaves 18 Dead
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Read more from the original source: Shanghai Raises Shareholding Cap for Foreigners
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More here: Developed Country Wage Growth Rises
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Read more from the original source: Finding Debris Would Be Just the Start
South Africa accused Rwandan diplomats of organizing “criminal networks” involved in the murder or attempted murder of refugees living in South Africa.
See original here: South Africa-Rwanda Diplomatic Row Escalates
Members of Peru’s new cabinet on Saturday submitted their resignation to President Ollanta Humala after Congress failed to ratify the new cabinet in a vote the day before.
Read more from the original source: Members of Peru’s Cabinet Resign
A Pakistani judicial official reduced on Saturday the 33-year jail sentence of a doctor alleged to have helped the U.S. track down Osama bin Laden to 23 years.
Original post: Pakistan Reduces Sentence for Doctor
The leaders of France and Italy vowed on Saturday to make Europe more economic growth-friendly, as Paris and Rome are in the midst of crafting reforms they hope will make their economies more competitive.
Follow this link: Italy, France Seek Growth for Europe
China took a major step toward making the yuan a freer currency by further loosening its daily trading limits, indicating the leadership’s belief that the country’s economic growth, though slowing, is strong enough for exchange-rate reforms to move forward.
Continue reading here: China Allows Wider Currency Fluctuation
China’s powerful government-controlled television broadcaster took aim at Japanese camera company Nikon Corp. in its annual campaign to stamp out service and quality problems that stifle the country’s domestic consumption.
Link: China Broadcaster Targets Companies
Australia’s conservative Liberal-National coalition tightened its control of state legislatures with an election win in Tasmania, but looked set to fall short of outright victory in South Australia in a blow to Prime Minister Tony Abbott.
Read the rest here: Australia’s Liberal-National Coalition Wins in Tasmania
Preliminary partial results from Slovakia’s presidential election are indicating the favored prime minister and his major rival are leading the first round of the race.
Read more from the original source: Slovak PM Leads in Presidential Race
In his final address to Afghanistan’s parliament, President Karzai said U.S. soldiers can leave at the end of the year because his military, which already protects 93% of the country, was ready to take over entirely.
Here is the original post: Karzai Says His Military Is Ready
A series of car bomb attacks targeting commercial areas and a restaurant killed at least 19 people Saturday in Iraq’s capital.
Read the original post: Car Bombs Kill 19 People in Baghdad
Russia landed troops outside the Crimean peninsula and on the Ukrainian mainland for the first time, as the Kremlin said it had received calls to “protect peaceful civilians” in eastern Ukraine and is considering the requests.
Read more from the original source: Moscow Heightens Pressure on Ukraine
The precise location of Flight 370 is unknown, but satellite data indicate that the plane may be in one of two different corridors.
Visit link: What Satellite Data Show About Jet’s Location
In today’s pictures, rescuers help a survivor of a collapsed building in Mumbai, police transport a detained protester in Venezuela, a man sleeps on a beach in Sri Lanka and more.
Original post: Photos of the Day: March 14
India moves a wildly popular tournament to the Gulf to avoid stretching security thin during its coming election.
See the original post here: When Democracy and Cricket Collide
Entrepreneur ShaoLan Hsueh aims to bridge the gap between East and West by teaching Westerners how to read Chinese.
Read more from the original source: A New Way to Learn Chinese
The Saturday Essay: How soon can we expect to see brain implants for perfect memory, enhanced vision, hypernormal focus or an expert golf swing? We’re closer than you might think.
Read more from the original source: The Quest for a Better Brain
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Read more from the original source: Crimea Referendum: What You Need to Know
After-tax income in Canada grew at a faster pace than borrowing in the fourth quarter, leading to a decline in a closely watched gauge on the level of household debt in the country.
Continued here: Canada Household Debt Edges Down
The governments of Canada and British Columbia have unveiled a plan to try to end an almost weeklong strike that has crippled operations and trade at Canada’s largest port.
Originally posted here: Fresh Bid to End Vancouver Port Strike
Suspected Islamic militants attacked the northern Nigerian city of Maiduguri, with shooting and explosions putting residents to flight Friday morning.
Continue reading here: Northern Nigerian City Is Attacked
German soccer legend Uli Hoeness won’t appeal his jail term for tax evasion, and will step down as president of Bayern Munich.
Read the original here: Bayern Boss Won’t Appeal Sentence
Lithuania’s prime minister said the political crisis in nearby Ukraine should give his government fodder to steer public opinion in favor of joining the euro zone in 2015.
Read more from the original source: Lithuanian PM Says Ukraine Crisis May Lift Public Support f Euro
As he appeals the latest court ruling against him, Malaysian opposition leader Anwar Ibrahim vows in an interview to “mobilize support and appeal to the masses” to effect change.
Read the original here: Anwar Steps Up Fight Against Malaysian Government
The long decline in the number of people at work in the euro zone has come to an end, although any recovery in the jobs market is likely to be slow.
Read the original: Euro-Zone Employment Rises
Nigerians are fleeing the country’s northeast, offering Boko Haram’s violent insurgency more territory to roam and underscoring the collapse of confidence in the government’s ability to protect its people.
Link: Nigerians Flee Insurgents in Northeast
The head of the Riken science institute says two disputed papers in Nature on stem cells contained ‘serious errors.’
View post: Head of Japan’s Riken Institute Apologizes Over Stem-Cell Papers
Panama and a consortium of construction firms led by Spain’s Sacyr settled a monthslong dispute over cost overruns on a multibillion-dollar expansion of the Panama Canal.
Go here to see the original: Panama, Sacyr-Led Consortium Settle Canal Dispute
Joko Widodo, the governor of Jakarta, said his party had named him as a candidate in Indonesia’s presidential election in July.
View post: Jakarta Governor to Run for Indonesian Presidency
Prime Minister Abe said his administration had no intention of revising apologies for Japan’s wartime wrongdoing, signaling a move to repair relations with South Korea.
Originally posted here: Japan Sticks With Wartime Apologies
Venezuela’s annual inflation rate climbed to 57.3% in February as the country grappled with protests that weighed on the economy, the central bank reported Friday.
Read the original: Venezuela’s Inflation Rate Climbs Above 57% in February
The Paris Club of creditor nations invited Argentina to start formal talks at the end of May to settle the multibillion-dollar defaulted debt the country has owed the group for over a decade.
More here: Argentina Says Paris Club Asked to Start Talks in May
A Paris court sentenced a Rwandan former intelligence chief to 25 years in prison over the 1994 killings of at least 500,000 people in the African country.
See the original post here: Rwanda Ex-Official Sentenced Over Genocide in France
Dmytro Firtash detained by Austrian authorities earlier this week is considered a flight risk.
Go here to read the rest: Ukraine Gas Tycoon Bail Set at $174 Million
Iraq’s oil production surged to its highest level in over 30 years last month, surprising skeptics of the country’s efforts to restore its oil industry after decades of war and neglect.
Read the rest here: Iraq’s Oil Output Surges
A knife attack left at least five people dead in a street market in the southern Chinese city of Changsha on Friday before police shot and killed the attacker, local authorities said.
Go here to see the original: Five Killed in Knife Attack in China
In Brazil’s poor northeast, an upstart presidential hopeful is shaking up this year’s election race by spotlighting a sensitive issue ahead of the Brazilian-hosted soccer World Cup contest: soaring murder rates.
Visit link: Brazilian Politician Heats Up Election
Four community police officers have died in line of duty since February.
More: In Crisis, Rio Tries to Pacify Its Slums
Bank of Japan Gov. Haruhiko Kuroda said he was ready to carry out additional monetary-easing measures even before all data are available on the effects of a consumption-tax rise in April.
Read the original post: Japan’s Central-Bank Chief Defends Consumption-Tax Rise
Talks between U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov over this weekend’s Crimea secession referendum broke down after six hours, as Western leaders warned sanctions against Russia loomed.
Read more from the original source: Kerry, Lavrov Talks on Crimea Break Down
If multiple communication systems aboard Malaysia Airlines Flight 370 were manually disabled, as investigators increasingly suspect happened, it would have required detailed knowledge of the long-range Boeing Co. 777′s inner workings.
Read more: Expert Was Needed to Disable Plane Systems
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View post: The News Quiz: March 2-8
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Excerpt from: U.S. to Set Clocks Ahead 1 Hour
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Continued here: Italy Tries for Less Government
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Read this article: China Consumer Prices Rise 2%
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Follow this link: Powerful Afghan Vice President Dies
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Originally posted here: Iraq Car Bomb Kills At Least 22
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Continue reading here: Iranian Minister Questions Western Commitment
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Link: Russia Risks Jeopardizing Ties, Says Hague
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Go here to see the original: Countries Put Disputes Aside in Search for Jet
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Read more from the original source: BIS Economists Cast Doubt on Forward Guidance
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The rest is here: Canada Confirms Plan for Free-Trade Pact With South Korea
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Follow this link: Russian Ambassador’s Comments Rile Latvia
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More: Jet Disappearance Fuels Black Box Debate
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Follow this link: North Korea Touts Vote Turnout
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See original here: American on Flight 370 Was Excited for ‘New Beginning’
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Original post: A Reunion With Family Turns Tragic
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Link: Defense Radar Detected Possible Turn-Back of Missing Malaysian Jet
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See the article here: Searchers Say They Spot Plane Debris
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Read more: U.S. Team to Help Airline Probe
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Read more from the original source: Syrian Nuns Held By Rebels Released
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Link: Stolen Passports Raise Security Concerns
In today’s pictures, a woman labors on an Indian rubber farm the day before International Women’s Day, an Airedale competes at an English dog show and Ukraine’s flag bearer enters the arena as the 2014 Winter Paralympic Games begin in Sochi, Russia.
Excerpt from: Photos of the Day: March 7
Renaissance woodcuts from Georg Baselitz’s collection are on view at London’s Royal Academy.
See the article here: Artist Georg Baselitz Shows the Woodcuts He Adores
A man-eating tiger that has killed 10 people in northern India is on the loose, and forestry officials have called in some experts: the local nobility.
Read this article: When Tigers Attack in India
Three years after the Fukushima Daiichi nuclear accident, the stricken plant’s operator estimates it is still six years away from grappling with the biggest cleanup problem: removing melted nuclear fuel.
Originally posted here: Fukushima’s Toughest Cleanup Stage Ahead
Canada unexpectedly lost jobs in February as the ranks of public-sector workers shrank, but the underlying details of the employment report were more encouraging, including gains in full-time positions.
Excerpt from: Canada Sheds Jobs in February
What makes humans human? A Swedish biologist has made notable progress toward answering that question, by sequencing an entire Neanderthal genome.
Original post: Svante Pääbo, Neanderthal Man
Rwanda has expelled six South African diplomats in an escalation of tensions between the two countries. South Africa said its ambassador remains in the country.
Read the rest here: Rwanda Expels 6 South African Diplomats
An unusually mild winter helped lift industrial output in Europe’s largest economy, signaling that Germany is off to a good start this year, data from the country’s economics ministry showed.
More here: Strong Start for German Industry
Government borrowing this year will be the lowest for four decades while no new debt is planned for the next three years.
Read more from the original source: Germany on Track to Balance Its Budget
The European People’s Party has chosen the former Luxembourg prime minister and euro-crisis veteran Jean-Claude Juncker as its lead candidate for European elections this May.
Originally posted here: Juncker to Lead Europe’s Center-Right
A tearful ex-girlfriend of Oscar Pistorius told a court that on two occasions she saw the Olympic sprinter brandish a gun.
View original post here: Pistorius’s Ex-Girlfriend Testifies
Japan’s Agricultural Cooperatives group, the powerful farm lobby opposed to Prime Minister Shinzo Abe’s plans to join a U.S.-led free trade pact, says it plans to reinvent itself to better serve enterprising farmers and create bigger farms.
View original post here: Japan Farming Co-ops Torn Between Reform, Protection
Faced with a corruption probe, a darkening economic outlook and falling popularity, Prime Minister Recep Tayyip Erdogan may abandon plans to run for president, some ruling-party officials and observers say.
Go here to read the rest: Woes Hurt Turkish Leader’s Ambitions
Britain’s Liberal Democrats will pledge to raise the level at which workers start paying income tax to £12,500 if it wins a second term in office in 2015.
Original post: U.K. Liberal Democrats Seek Tax Cuts
The Brazilian government is in favor of a meeting of regional leaders in Chile next week to discuss the continuing turmoil in Venezuela.
See the original post here: Brazil Supports Unasur Meeting About Venezuela Crisis
Canada took the unusual step of introducing stiff railway regulations to ease a grain bottleneck that has driven oat prices to historic highs in the U.S.
Visit link: Canada Sets Minimum Grain-Shipment Targets for Railways
China recorded a sharp decline in exports and a rare $22.98 billion deficit in February, raising fresh concerns over the strength of the world’s No. 2 economy.
View post: China Posts Rare Deficit
Beset by a corruption scandal that has implicated dozens of his inner circle and presented the gravest threat to his decadelong rule, Turkey’s prime minister is threatening to ban YouTube and Facebook.
Read more from the original source: Turkey’s Premier Threatens to Ban YouTube, Facebook
Malaysia’s appeals court overturned the acquittal of opposition leader Anwar Ibrahim on a sodomy charge and sentenced him to five years in prison.
Read the original post: Anwar’s Sodomy Acquittal Overturned
As Portugal’s rescue lenders pushed wage and price cuts, the nation’s shoemakers did the opposite—and are thriving.
Read more here: Portugal’s Shoemakers Bet on Quality
Afghanistan’s once-persecuted ethnic Hazara minority, which has made strong economic and political gains since the U.S. ousted the Taliban in 2001, has emerged as a formidable power broker in the April presidential election.
More: Afghan Candidates Court Minorities
Four years after leaving office, Álvaro Uribe and his budding political movement are expected to win as much as a third of the Senate’s seats in Sunday’s congressional elections, giving him a perch to face off against his successor, President Juan Manuel Santos.
The rest is here: Ex-Colombian Leader Declares War on Peace Process
Two people listed as being on a missing Malaysian Airlines jet weren’t on the flight, and their passports had been stolen in Thailand. The search for Flight MH370, which disappeared on its way from Kuala Lumpur to Beijing, centered on waters off Vietnam after Hanoi said it had spotted what appeared to be large oil slicks.
Read more: Stolen Passports Surface as Hunt Narrows for Malaysian Jet
Former Ukrainian Prime Minister Yulia Tymoshenko, feted as a martyr for her country’s freedom by European leaders, warned that the West risks its credibility by not taking more forceful action against Russia over Crimea.
Read more: Ukraine Icon Calls for More Help From West
SoftBank Chief Executive Masayoshi Son is pushing hard for Sprint to shed its “loser” mindset in mobile-phone industry.
Excerpt from: With Shouts and Hugs, Sprint Boss Drives Turnaround
Tensions rose in Crimea on Thursday as the Moscow-backed government there set a referendum to ratify its decision to secede from Ukraine and join Russia.
Read the rest here: Tensions Rise in Crimea
Glenn Stevens, governor of the Reserve Bank of Australia, gave the strongest indication yet that because of high unemployment the nation’s benchmark interest rate is likely to remain at a record-low 2.5% for much of the year.
Read the original here: Australia Rates Likely on Hold
Canada and South Korea are close to reaching a free-trade deal, almost nine years after negotiations started and two years after a U.S. deal with Seoul took effect, according to people familiar with the matter.
Originally posted here: Canada, South Korea Trade Deal Expected Within a Week
ATHENS—Greece’s four big, systemic banks will need another €5.8 billion ($8.0 billion) to shore up their fragile balance sheets, the country’s central bank said Thursday, in order to cope with a growing mountain of bad loans that have become another painful legacy of Greece’s protracted debt crisis.
In a statement, the Bank of Greece said the four banks—National Bank of Greece SA, Piraeus Bank SA, Alpha Bank AE and Eurobank Ergasias SA—would need to present plans by mid-April detailing how they would raise that capital, such as by selling assets, going to the capital markets or appealing for further state aid.
Eurobank, now under state control, faces the biggest shortfall—it needs another €2.9 billion in capital—followed by market leader National Bank of Greece, which must raise some €2.2 billion, the central bank said. Piraeus faces a €425 million shortfall, and Alpha Bank needs €262 million. Including two other, smaller lenders, the capital needs facing Greece’s entire banking sector total €6.4 billion. The four big banks hold about 95% of the country’s banking-sector assets.
After a deep, six-year recession, a pricked property bubble, withdrawals by depositors and an unprecedented €200 billion sovereign-debt restructuring, Greece’s banks are struggling. This year, they were recapitalized with the help of a European Union loan, but together they still hold some €70 billion in bad loans—a sum equal to a third of Greece’s annual gross domestic product.
With bad loans still rising and not expected to peak until late this year, the Bank of Greece had commissioned outside consultant BlackRock Solutions to assess the banks’ loan portfolios, something the firm also did in 2011.
The new report, based on the BlackRock stress test, comes almost two years after Greece first received that EU loan—of €50 billion—to recapitalize the Greek banking system. To date, Greece has used up most, but not all, of that loan with roughly another €8 billion still held in reserve. In a statement, Greece’s bank rescue fund said it was ready to support the four big banks if they ask for help.
As such, the additional capital needs shouldn’t present a major challenge, and are largely in line with market expectations. Just hours after the Bank of Greece released its report, No. 2 lender by assets Piraeus Bank said it planned to raise €1.74 billion through a sale of additional shares to cover capital needs and to retire special preference shares now held by the Greek government.
On Friday, Eurobank plans to follow suit and announce a €3 billion sale of stock, an official at the bank said.
However, in an unusual step, Thursday’s long-awaited report was released by the central bank here without the endorsement of Greece’s troika of international creditors—currently in Athens—who say the true sum may be €2 billion to €3 billion higher.
This week, talks between the Bank of Greece and representatives of the troika—the European Commission, the International Monetary Fund and the European Central Bank—hit a rare impasse over the issue. They agreed on the goal and some of the terms of the latest stress test: that the banks needed to meet a minimum capital ratio of 8% and that Greece’s economy would record a modest 0.6% growth rate this year. But the central bank and the troika remained apart in their estimates of the final capital needs.
“We say it’s around €6 billion the banks need, the troika says it’s under €10 billion, around maybe eight or nine billion,” says a Greek official familiar with the talks. “But they won’t tell us how they arrived at their estimate.”
That may become clear only later this year when the ECB, which is due to take on a fresh banking oversight role beginning in 2015, runs its own independent stress tests of Europe’s banks. Those tests are tentatively scheduled to take place in July, with the final results likely to be released in October or November, analysts say.
—Stelios Bouras contributed to this article.
Write to Alkman Granitsas at alkman.granitsas@wsj.com and Nektaria Stamouli at nektaria.stamouli@wsj.com
Corrections & AmplificationsGreece’s four big, systemic banks face a combined capital shortfall of €5.8 billion. An article published on WSJ.com incorrectly gave a figure of €6.4 billion, representing the combined capital of all Greek banks.
Link: Greek Banks Need Additional Capital
A Moscow appeals court has lightened the prison sentences of a Bolshoi dancer and two accomplices for their roles in an acid attack on the ballet’s artistic director.
Read more from the original source: Bolshoi Attackers’ Prison Sentences Reduced
The U.K. government will spend about $451 million on its ballistic missile submarine capability after low levels of radioactivity were detected in the cooling water of a test nuclear reactor of the kind used on the vessels.
View post: U.K. to Refuel Nuclear Submarine After Fault in Test Reactor
Quarterly unemployment fell, according to the latest official data, but the overall trend remains weak.
See original here: France’s Hollande Gets Jobs Boost
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U.K. News March 6, 2014 9:16 AM
By Nicholas Winning
The new immigration minister and the business secretary are presenting conflicting views.
View original post here: U.K. Coalition At Odds Over Immigration
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U.S. March 6, 2014 11:52 AM
By Jon Hilsenrath and Michael S. Derby
New York Fed President William Dudley said recent economic weakness hasn’t changed his upbeat expectations for the economy and isn’t enough to alter the central bank’s plan to reduce bond purchases.
See the original post here: Fed’s Dudley Upbeat on Economy
A former deputy governor of Indonesia’s central bank was charged with allegedly taking bribes and abusing power in a bank bailout, as corruption emerges as a top issue in coming elections.
See more here: Ex-Indonesia Central Banker Charged Over Bailout
Indonesian billionaire Anthoni Salim and a group of mainly U.S. bondholders are in advanced talks on a rescue deal for vanadium miner Atlantic Ltd. to stave off bankruptcy.
See the article here: Indonesian Billionaire in Rescue Talks for Vanadium Miner
A prominent but polarizing Suharto-era general running for president is pushing for a more relaxed dose of Indonesia’s controversial economic nationalism.
See the original post here: Indonesia Candidate Backs Nimbler Economic Nationalism
The U.S. is working to establish a “contact group” for Ukraine to outline specific steps to reduce tensions in the former Soviet state and allow for the withdrawal of Russian troops.
More here: U.S., Russia Discuss International ‘Contact Group’ for Ukraine
New Zealand is studying options to revive state-owned miner Solid Energy, not ruling out selling some of the company’s mines to Indian companies.
More: New Zealand Looking to Revive Solid Energy
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Africa March 7, 2014 5:01 AM
By Devon Maylie
Johan Stipp, a doctor, was first to arrive at the scene of the shooting and tried to save Reeva Steenkamp while the athlete appeared to be praying.
Read the rest here: Doctor at Scene of Pistorius Shooting Testifies
African countries are having a devil of a year, due in large part to a slump in their currencies. The situation has led some pastors to sermonize for their currencies to rise again.
Go here to see the original: Heavenly Currency Intervention Is Sought
