(Reuters) - A World Bank panel has found that bank President Paul Wolfowitz's handling of a promotion and pay increase for his companion represented a conflict of interest and broke rules, but made no recommendation on how he should be reprimanded, board sources said on Monday.
The former U.S. deputy defense secretary, a key architect of the Iraq war, has been given several days to respond to the findings of the panel involving a lucrative deal for his companion, Shaha Riza, a World Bank Middle East expert.
Read more at Reuters Africa
Monday, 07 May 2007
Gold eases, Tokyo platinum off record high
(Reuters) - Japanese platinum futures drifted lower on Tuesday as profit taking kicked in after they hit a historic high, while cash gold edged down after touching a technical barrier above $690 an ounce.
But underlying sentiment for precious metals stayed bullish as the weakness of the dollar against the euro continued to encouraged investment funds to buy the metals.
Read more at Reuters Africa
But underlying sentiment for precious metals stayed bullish as the weakness of the dollar against the euro continued to encouraged investment funds to buy the metals.
Read more at Reuters Africa
S.Africa April net reserves up at $24.59 billion
(Reuters) - South Africa's net gold and foreign exchange reserves rose to $24.59 billion at the end of April from $23.97 billion at the end of March, central bank data showed on Tuesday.
Gross reserves increased to $27.02 billion from $26.518 billion in March, the bank said in a statement posted on its web site.
Read more at Reuters Africa
Gross reserves increased to $27.02 billion from $26.518 billion in March, the bank said in a statement posted on its web site.
Read more at Reuters Africa
Brazil, Chile, Colombia, Mexico and Peru: Latin America Local Bond Preview
(Bloomberg) -- The following events and economic reports may influence trading in Latin American local bonds today. Bond yields are from the previous session.
Brazil: Inflation probably slowed to 0.05 percent in April from 0.22 percent in March, according to the median forecast of 15 economists surveyed by Bloomberg. The Getulio Vargas Foundation in Rio de Janeiro will release the IGP-DI inflation report at 7 a.m. New York time.
Read more at Bloomberg Bonds News
Brazil: Inflation probably slowed to 0.05 percent in April from 0.22 percent in March, according to the median forecast of 15 economists surveyed by Bloomberg. The Getulio Vargas Foundation in Rio de Janeiro will release the IGP-DI inflation report at 7 a.m. New York time.
Read more at Bloomberg Bonds News
Sarkozy Told by European Finance Chiefs, Central Bankers Not to Prod ECB
(Bloomberg) -- French President-elect Nicolas Sarkozy was warned by European finance ministers and central bankers that his plan to press the European Central Bank to focus more on bolstering growth would prove futile.
Sarkozy won the presidency of the euro area's second- largest economy after a campaign in which he attacked the ECB for restraining growth by concentrating on inflation and for hurting French exporters by encouraging gains in the euro.
Read more at Bloomberg Currencies News
Sarkozy won the presidency of the euro area's second- largest economy after a campaign in which he attacked the ECB for restraining growth by concentrating on inflation and for hurting French exporters by encouraging gains in the euro.
Read more at Bloomberg Currencies News
Sarkozy Told by Finance Chiefs, Central Bankers Not to Prod ECB on Growth
(Bloomberg) -- French President-elect Nicolas Sarkozy was warned by European finance ministers and central bankers that his plan to press the European Central Bank to focus more on bolstering growth would prove futile.
Sarkozy won the presidency of the euro area's second- largest economy after a campaign in which he attacked the ECB for restraining growth by concentrating on inflation and for hurting French exporters by encouraging gains in the euro.
Read more at Bloomberg Bonds News
Sarkozy won the presidency of the euro area's second- largest economy after a campaign in which he attacked the ECB for restraining growth by concentrating on inflation and for hurting French exporters by encouraging gains in the euro.
Read more at Bloomberg Bonds News
Tudor Jones Harnesses East River Tides in Green Power's Latest Frontier
(Bloomberg) -- When the tide rushes into New York Harbor, a strange thing happens at the Gristedes supermarket on Roosevelt Island. The freezers, cash registers -- even the red neon ``Bagels'' sign -- hum with electricity from the rip coursing up the East River.
The power comes from six underwater turbines bolted to the river bottom by a little-known startup called Verdant Power LLC. Their 7-foot-long blades turn, silent and out of sight, until the flux crests. When the tide turns, the contraptions pivot 180 degrees and make juice on the ebb.
Read more at Bloomberg Exclusive News
The power comes from six underwater turbines bolted to the river bottom by a little-known startup called Verdant Power LLC. Their 7-foot-long blades turn, silent and out of sight, until the flux crests. When the tide turns, the contraptions pivot 180 degrees and make juice on the ebb.
Read more at Bloomberg Exclusive News
Adidas, Bayer, Deutsche Bank, Douglas, Jungheinrich: German Equity Preview
(Bloomberg) -- The following stocks may rise or fall in German markets.
Germany's X-DAX Index added 0.1 percent to 7533.70. The index provides an estimate of the DAX Index, based on trading in DAX futures after the Xetra electronic market closes. The DAX increased 0.1 percent to 7525.69 on the Xetra electronic-trading system.
Read more at Bloomberg Stocks News
Germany's X-DAX Index added 0.1 percent to 7533.70. The index provides an estimate of the DAX Index, based on trading in DAX futures after the Xetra electronic market closes. The DAX increased 0.1 percent to 7525.69 on the Xetra electronic-trading system.
Read more at Bloomberg Stocks News
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