Greek debt talks drag on but banks signal progress on bond-swap deal to forgive some debt

Shoppers are seen on Athens' main commercial Ermou Street, on Monday, Feb. 6, 2012. Parties backing Greece's coalition government will hold a second day of emergency talks Monday on a vital austerity deal with rescue creditors, after a weekend of negotiations failed to produce the breakthrough needed to avert bankruptcy in March. (AP Photo/Dimitri Messinis) ATHENS, Greece - Greece's private creditors signalled progress late Tuesday on a debt-relief deal but crucial talks between Greek coalition leaders about forcing more austerity upon a hostile public were again postponed.Anger flared on the streets of Athens as more than 20,000 protesters marched through the Greek capital and unions called a general strike...

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Maldives VP sworn in, president quit after protests

By Bryson Hull (Reuters) - President Mohamed Nasheed of the Maldives, widely credited with bringing democracy to the Indian Ocean archipelago, resigned on Tuesday after weeks of opposition protests erupted into a police mutiny, and handed power to his deputy. Nasheed, the Sunni Muslim nation's first democratically elected president, handed over to Vice-President Mohamed Waheed Hassan Manik and said in a televised address "I believe that if the government were to remain in power it would require the use of force which would harm many citizens." Protests last year over the faltering economy and scrambling ahead of this year's presidential election, have seen parties adopting hardline Islamist rhetoric and accusing...

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Rankings: Azhar placed alongside Tendulkar

Azhar (R), who scored 157 in the third Test, was rewarded with a leap of 12 places and now has 749 points. PHOTO: AFP After a match-winning century, Azhar Ali has not only claimed a career-best place in the International Cricket Council (ICC) Player Rankings for Test batsmen but also shares the 10th position with India’s maestro Sachin Tendulkar.According to information provided by the ICC, Azhar, who scored 157 in the third Test, was rewarded with a leap of 12 places and now has 749 points. Younus Khan’s ton helped him make a leap of five places which puts him back in the fifth position. However, captain Misbahul Haq lost four places to slide to 17th.In the ICC Rankings for Test bowlers, left-arm spinner Abdur Rehman has maintained an...

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India tv response After Pakistan 3rd test Against England on 6th feb 2012

Reaction of Indian Media After Pakistan 3rd test Against England on 6th feb 201...

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FOREX-Euro dips as Greece delays debt deal approval

NEW YORK, Feb 6 (Reuters) - The euro dropped against the dollar on Monday as Greece's political leaders delayed a decision on a new bailout package, raising concerns of a disorderly default that could spread to other debt-ridden countries in the region. A European Commission spokesman said Greece was already past the deadline for finalizing talks on a second financing package and needed to move urgently. German Chancellor Angela Merkel told Greece to make up its mind quickly on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day. "Headlines out of Europe are affecting sentiment on the euro. Earlier, we had hit stop losses in the euro and we saw it trim some losses. But it's more...

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Europe crisis could halve China's growth: IMF

A Chinese paramilitary policeman standing guard outside the European Union Delegation in Beijing in 2011 (AFP/File, Peter Parks) WASHINGTON — An escalation of Europe's debt crisis could slash China's economic growth in half this year, the International Monetary Fund said Monday, urging Beijing to prepare stimulus measures in response. The IMF, in an economic outlook report on the world's second-largest economy, highlighted China's vulnerability to global demand. "The global economy is at a precarious stage and downside risks have risen sharply," the IMF said, citing the possible deep crunch in the financial sector in Europe that would be felt around the globe. "Should such a tail risk of financial volatility emanating from Europe...

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