Archive of November 2012

Spain caps pension rise to meet deficit target

MADRID: Spain will not make its usual end-of-year review to adjust pensions for 2012 inflation, the government said on Friday - a move to meet...

IMF renews $73bn credit line for Mexico

WASHINGTON: The International Monetary Fund renewed a $73 billion standby credit line for Mexico on Friday, with the aim of giving the country a backstop...

Drought drops Lake Michigan water to near record low

CHICAGO: The worst drought in the United States in over a half century slashed crop output, snarled river transportation and is now drawing down water...

Gold down for day and month on US fiscal worries

NEW YORK: Gold fell almost 1 percent on Friday, headed for its second consecutive monthly decline as investors worried that the US fiscal crisis could...

Cyprus will require up to 10bn in aid for banks: document

NICOSIA: Cyprus will require up to 10 billion euros to refinance its banks, severely affected by the euro zone debt crisis and exposure to Greece,...

Wash your potty mouth, or else: Cuba to singers

HAVANA: Musicians that perform songs deemed vulgar or that "violate ethical standards" will now be punished in Cuba, the state-run Institute of Music said Friday.   In...

Psy brings “Gangnam Style” to Hong Kong

HONG KONG: South Korean pop sensation Psy was the big winner at the Mnet Asian Music Awards in Hong Kong Friday, with thousands of fans...

Chemicals freight train falls off broken US bridge

NEW YORK: Part of a freight train carrying toxic chemicals fell into a creek in New Jersey on Friday when a bridge collapsed, prompting an...

Cargo plane crashes at Brazzaville, around 20 dead

BRAZZAVILLE: A cargo plan crashed at Brazzaville airport as it was trying to land in a storm Friday, killing around 20 residents and the crew,...

Brazil grew a paltry 0.6pc in third quarter

BRASILIA: The Brazilian economy grew a paltry 0.6 percent in the third quarter of 2012 compared with the previous three months, signaling a weaker than...