Common Albanian, Kosovo primer presented (Fri, 18 May 2012 14:56:00 +0000)A common reading primer for Kosovo and Albania was presented Friday in Prizren in Kosovo. Presenting the primer, Albanian Prime Minister Sali Berisha called on the neighbors to give up albanophobia because the “Albanians are a nation that knows how to preserve and maintain friendship”. |
European economy to dominate G8 summit (Fri, 18 May 2012 14:45:00 +0000)As the G8 assembles in the remote Camp David setting in Maryland, far from the eyes of the world’s press, the world’s problems press in.
Top of the agenda will be the sharpening financial crisis in Europe, with Greece hanging onto eurozone membership by its fingertips. |
RS president says Bosnia is “failed experiment” (Fri, 18 May 2012 14:29:00 +0000)Republic of Srpska (RS) President Milorad Dodik said on Friday that Bosnia-Herzegovina had proven to be an unsuccessful experiment.
He once again criticized the international community for “degrading the Dayton Peace Accords”. |
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Mother stabs three-year-old to death (Fri, 18 May 2012 13:05:00 +0000)34-year-old S.S. stabbed to death her three-year-old child in the Belgrade municipality of Mladenovac on Friday.
The crime happened around 13:00 CET in the family home. |
Number of asylum seekers from Serbia decreases (Fri, 18 May 2012 12:52:00 +0000)The number of Serbian citizens seeking asylum in Germany has more than halved in April, the German Interior Ministry has stated.
According to the ministry's website, 148 Serbian citizens requested asylum in April, while there were 308 such requests in March and 399 in February. |
UN chief says Al-Qaeda behind Damascus bombings (Fri, 18 May 2012 12:00:00 +0000)The UN Secretary General Ban Ki-moon says that Islamist militants from al-Qaeda must be behind two deadly suicide car bomb attacks in Syria last week.
Fifty-five people were killed and 372 were wounded when two car bombers blew themselves up in the capital Damascus on May 10. |
Belgrade to open safe houses for homosexuals (Fri, 18 May 2012 11:20:00 +0000)Belgrade Mayor Dragan Đilas has said that several safe houses for LGBT people who have been rejected by their families will soon be finished in Belgrade.
“It is horrible that we live in a country in which you can read in newspapers that someone renounced their own child because they have different sexual orientation and I have not read that someone renounced their child for killing two, three people,” he said. |
“Mafia does not control Montenegrin justice system” (Fri, 18 May 2012 10:32:00 +0000)Mafia has no influence on the Montenegrin judiciary, claims Montenegro’s Finance Minister Duško Marković.
“Mafia has no influence on the Montenegrin judiciary because it would be disastrous for the state and this is why we in the government have launched a series of policies that should result in an efficient and responsible judiciary,” he told MPs. |
Northern Kosovo Serbs to stage new protest (Fri, 18 May 2012 09:52:00 +0000)A new protest against the arrest of Jovica Miljković will be held in northern Kosovska Mitrovica at noon on Friday.
The Municipality of Kosovska Mitrovica is organizing the protest. |
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Serbia to choose president on Sunday (Fri, 18 May 2012 08:30:00 +0000)Serbian citizens in the country and abroad will vote for the new head of state in the presidential runoff on Sunday, May 20.
Since no candidate secured the needed majority in the first round, two candidates will compete in the runoff – Democratic Party (DS)-led coalition candidate Boris Tadić and Serbian Progressive Party (SNS)-led coalition candidate Tomislav Nikolić. |
12 persons injured in car crash near Belgrade (Fri, 18 May 2012 07:54:00 +0000)12 persons were injured, including six children aged between two and 16 when a motorcycle crashed into a van near Belgrade around 23:00 CET on Thursday.
The crash happened in the village of Slanci near Belgrade. |
“Kosovo poses biggest security threat to Serbia” (Fri, 18 May 2012 07:31:00 +0000)Serbian Army (VS) Chief of the General Staff Lt. Gen. Ljubiša Diković says that the situation in Kosovo is sensitive and that it could become even more complex.
“The situation is stable in other parts of the country. The most important thing that the citizens should know is that the VS is prepared and capable of responding with its missions and to protect the country’s interests and security,” he told daily Večernje novosti. |
Dinar weakens by 0.4 percent (Fri, 18 May 2012 07:06:00 +0000)The Serbian dinar is down by 42 para or 0.4 percent Friday, dropping to an official middle exchange rate of RSD 113.2928 for one euro.
The home currency dropped despite the fact the National Bank of Serbia (NBS) sold EUR 50mn. |
"May 20 is referendum on Serbia's direction" (Thu, 17 May 2012 18:57:00 +0000)Boris Tadić said on Thursday that the May 20 election was a referendum on where Serbia was headed, on the future of the country and the region. "May 20 is a referendum on whether Serbia is headed to the EU or is wavering on that path. It is a referendum on our future, the future of our region, on where Serbia should go," the leader of the Democratic Party (DS) said at the final party convention held at the Belgrade Arena venue. |
Election silence ahead of May 20 second round (Thu, 17 May 2012 18:52:00 +0000)The campaigning for the second round of presidential elections in Serbia - to be held on May 20 - ended at midnight on Thursday.
The election silence has commenced and will stay in effect until polls close at 20:00 CET on Sunday. |
Democrats claim presidential runoff is "referendum on EU" (Thu, 17 May 2012 16:09:00 +0000)The presidential runoff will be a referendum on the EU, say the Democrats, whose leader Boris Tadić will seek his third term in office on May 20. The party said in a statement on Thursday that this was the case because his rival, leader of the Serb Progressives Tomislav Nikolić, "has given up on the European policy". |
Serbian businessman wins legal battle against WAZ (Thu, 17 May 2012 15:48:00 +0000)Milan Beko has announced that his companies that own a stake in the Belgrade-based media outlet Novosti had won an arbitrage case launched by the WAZ group. "We are pleased with the victory in the arbitrage in Vienna (Austria). We have just received the decision in the litigation case that the German media company WAZ has been conducting against us for some time, related to the Novosti company," a statement said on Thursday. |
SNS urges Serbians to "punish Tadić in polls" (Thu, 17 May 2012 15:24:00 +0000)Tomislav Nikolić has urged the citizens to go to the polls on May 20, vote for him and thus punish his rival presidential candidate Boris Tadić (DS). "On Sunday we have the last chance for changes. Do not punish yourselves by staying at home. Instead punish Tadić for all that he promised and has not fulfilled," the leader of the SNS party said on Thursday, the last day of campaigning. |
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Europe fears pressure world markets (Fri, 18 May 2012 08:10:03 EDT)European markets were mixed Friday as investors remained anxious about Spanish and Greek banks, while Asian stocks sold off sharply amid worries of a further slowdown in China.  |
Obama may tap Strategic Petroleum Reserve (Thu, 17 May 2012 17:38:43 EDT)Despite the recent fall in oil prices, analysts say President Obama may tap the Strategic Petroleum Reserve as sanctions on Iran take hold.  |
Flight to safety: 10-year yield at record low (Thu, 17 May 2012 17:30:18 EDT)Investors fled stocks and made a rush toward the safety of U.S. Treasuries Thursday, sending 10-year yield to a record low close, as worries about Greece's future in the eurozone continued to escalate.  |
Moody's downgrades Spanish banks (Thu, 17 May 2012 17:49:39 EDT)Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest sign of distress in Europe.  |
U.S. slams Chinese solar panels with new tariffs (Thu, 17 May 2012 19:50:31 EDT)The U.S. Commerce Department announced stiff tariffs on Chinese-made solar panels Thursday, a move critics said could raise costs for consumers and further inflame trade tensions with Beijing.  |
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Tech IPOs have a dismal track record (Thu, 17 May 2012 17:36:43 EDT)There are plenty of reasons to "like" Facebook, but Internet IPOs are better known for their epic flops than wild successes.  |
Pre-Marketing: Coty IPO? (Thu, 17 May 2012 08:19:38 EDT)Coty's next move: Is an IPO on tap? Also: Pinterest raises $100 million. And Yahoo mulls Alibaba plan.  |
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Facebook IPO: the art of pricing the right pop (Thu, 17 May 2012 12:09:59 EDT)With seemingly unceasing demand for Facebook's initial public offering, the banks that are in charge of selling the stock to investors might seem to have the easiest job in the world.  |
Is Greece the Lehman of 2012? (Thu, 17 May 2012 08:03:45 EDT)With apologies to John Lennon: Imagine a eurozone without Greece. It's easy if you try.  |
5 reasons to be bullish on stocks (Thu, 14 Jul 2011 08:59:58 EDT)Debt ceiling debates! European fiscal mayhem! High unemployment! Don't let it get you down. Your portfolio may survive just fine.  |
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10-year yield jumps back above 3% (Tue, 14 Jun 2011 16:20:54 EDT)Treasuries sold off Tuesday in the wake of better-than-expected retail sales and manufacturing data, pushing the benchmark 10-year yield to its highest level since late May.  |
Bulls face 1st quarter earnings test (Mon, 11 Apr 2011 17:27:01 EDT)The quarterly celebration known as earnings season gets underway this week, and investors are eager to see how a resurgent Corporate America is coping with rising energy and commodity prices.  |
Yen stabilizes after hitting record high (Thu, 17 Mar 2011 16:51:19 EDT)The dollar strengthened against the Japanese yen Thursday ahead of a conference call of G-7 finance ministers that might be the first step toward intervention by Japanese authorities in currency markets.  |
Economy Headlines
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Euro Zone Crisis to Hit Eastern Europe: Region's Bank (Fri, 18 May 2012 12:00 GMT)The European Bank for Reconstruction and Development (EBRD) expects the economies of Eastern Europe and the former Soviet Union, as well as four countries in the Middle East and North Africa, to experience a "substantial" slowdown this year because of fallout from the euro zone crisis. |
Europe Thinks the Unthinkable on Greece (Fri, 18 May 2012 08:59 GMT)European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said on Friday, while Berlin said it was prepared for all eventualities. |
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Europe
Banks' Rising Bad Loans Add to Spanish Troubles (Fri, 18 May 2012 11:59 GMT)Spanish bank bad loans rose in March to their highest in 18 years, figures from the Bank of Spain showed on Friday, underscoring the problems facing the government. |
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US top stories
Asia
China April Home Prices Fall 1.2% on Year, Seen Softer (Fri, 18 May 2012 02:53 GMT)Chinese home prices fell for a second month in April from a year earlier, a trend likely to continue if the government maintains efforts to pull them back to what it calls "reasonable levels" to ease social discontent. |
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Business news
Merger news
Mexico's Slim eyeing Telekom Austria stake-report (Fri, 18 May 2012 10:37:49 -0400)VIENNA, May 18 (Reuters) - Mexico's Carlos Slim is eyeing a
stake in Telekom Austria and is believed to have held
initial talks with its two biggest investor groups, Austrian
magazine Format... |
Deals of the day -- mergers and acquisitions (Fri, 18 May 2012 10:29:43 -0400)May 18 (Reuters) - The following bids, mergers, acquisitions
and disposals involving European, U.S. and Asian companies were
reported by 1430 GMT on Friday: |
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German clothes exporter looking for buyer -sources (Fri, 18 May 2012 09:14:18 -0400)FRANKFURT, May 18 (Reuters) - The family owners of
Schustermann & Borenstein have mandated Goldman Sachs to
sell the German clothing exporter, two people close to the
transaction said on Friday, a... |
UPDATE 1-El Paso Pipeline buys assets worth $635 mln (Fri, 18 May 2012 08:35:36 -0400)May 18 (Reuters) - El Paso Pipeline Partners LP said
it will acquire Cheyenne Plains Gas Pipeline Co LLC and the
remaining interest in Colorado Interstate Gas LLC it does not
already own from El Paso... |
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Private equity
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WRAPUP 3-U.S. firms eye Myanmar as sanctions suspended (Fri, 18 May 2012 07:29:31 -0400)WASHINGTON/HONG KONG, May 18 (Reuters) - The suspension of
U.S. sanctions barring investment in Myanmar in response to
political reforms in the poor Southeast Asian state opens the
door to U.S. firms... |
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Australia's PEP kickstarts Link Group sale-sources (Fri, 18 May 2012 01:13:43 -0400)HONG KONG/SYDNEY, May 18 (Reuters) - Australian private
equity fund Pacific Equity Partners (PEP) has kickstarted the
auction of share registry business Link Group, a deal that could
value the... |
Bain, TPG's Lilliput woes a warning on India investing (Thu, 17 May 2012 23:52:28 -0400)HONG KONG, May 18 (Reuters) - Last September, less than two
weeks after an IPO plan was approved, the private equity owners
of India's Lilliput Kidswear got a call that set off a chain of
events that... |
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Deals
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