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Top Stories from Davos
Politicians Can't Wait for Bankers to Find Global Harmony on Regulations
Politicians under pressure from angry
voters to show progress on financial reform are losing patience
with bankers waiting to reach global harmony on new rules.
Roubini Sees `Very Dismal' U.S. Growth as Summers Rues `Human Recession'
Nouriel Roubini, the New York
University professor who anticipated the financial crisis, said
the U.S. growth outlook remains “very dismal” and White House
economic adviser Lawrence Summers said the economy is still
mired in a “human recession.”
Company Bond Sales Fall 7% as Greece Drives Spreads Wider: Credit Markets
Bond sales by nonfinancial companies
fell 7 percent in January as the cost to borrow rose from a two-
year low on growing concern that governments struggling to pay
their debts will derail the economic recovery.
Greeks Must `Solve Their Problems', Won't Get EU Bailout, Bruederle Says
German Economy Minister Rainer
Bruederle ruled out a rescue for Greece, as officials in Athens
struggle to tame the euro area’s biggest budget deficit.
Dow Chemical, PTT, Siam Cement Approvals May Take 8 Months, Abhisit Says
Thai Prime Minister Abhisit Vejjajiva
said project approvals for companies including Dow Chemical Co.
and Siam Cement Pcl may take eight months to clear as
authorities implement environmental and health procedures.
Zhu Says China to Take Measures to Restrain Overcapacity in Steel, Cement
People’s Bank of China Deputy
Governor Zhu Min said the government plans new measures to rein
in overcapacity in steel, cement and other industries amid a
surge in bank lending.
Davos Police Use Water Cannons to End Snowball-Throwing Protests
Swiss police used water cannons to
disperse protestors throwing snow balls on the penultimate day
of the World Economic Forum in Davos, Switzerland.
