Hong Kong - Financial corruption in Hong Kong has rocketed in the first three months of 2009 as the city's economy has deteriorated, officials said Friday.
Corruption cases in the financial and insurance sectors surged 46 per cent in the first quarter, contributing to a
23-per-cent overall rise in corruption.
There were 811 cases reported to the city's Independent Commission Against Corruption between January and March, compared to 659 cases in the same period in 2008.
London - US President Barack Obama swept onto the world stage at this week's summit of the world's top economic powers with a charm offensive that helped to mark the launch of a new era in American foreign relations.
Obama said he came with the intention of showing leadership by "listening and learning" during a two-day visit to London for the Group of 20 (G20) summit, which included advanced and emerging economies.
London - Argentine President Cristina Fernandez de Kirchner praised Thursday what she perceived as Latin American successes in the Group of 20 (G20) summit in London.
She highlighted the elimination of a graph from the summit's final document that had favoured the flexibility of labour laws.
In comments to reporters at the end of the summit, Fernandez de Kirchner said she asked that the paragraph be scrapped based on Argentina's "disastrous" experience with such practices.
Washington - With the House of Representatives preparing to vote Thursday on President Barack Obama's 2010 budget proposal, Republican lawmakers have presented an alternative spending plan that they argued cuts the deficit while still reviving the economy.
The Republican alternative, put forward in the House of Representatives, has little chance of becoming law as Democrats hold a sizeable majority in both chambers of Congress. But the versions offer insights into the parties' sharply differing ideologies and answers to the economic crisis.
Washington - Mexico got encouragement Wednesday from the head of the International Monetary Fund (IMF) in its application for a 47-billion-dollar credit line to get through the world economic crisis.
In a statement from London, where he is attending the G20 world finance summit in London, IMF head Dominique Strauss-Kahn said he would back the application for approval from the IMF board.
Hong Kong - Financial corruption in Hong Kong has rocketed in the first three months of 2009 as the city's economy has deteriorated, officials said Friday.
London - US President Barack Obama swept onto the world stage at this week's summit of the world's top economic powers with a charm offensive that helped to mark the launch of a new era in American foreign relations.
London - Efforts to throw the world's poorest nations a li
London - Argentine President Cristina Fernandez de Kirchner praised Thursday what she perceived as Latin American successes in the Group of 20 (G20) summit in London.
Washington - With the House of Representatives preparing to vote Thursday on President Barack Obama's 2010 budget proposal, Republican lawmakers have presented an alternative spending plan that they argued cuts the deficit while still reviving the economy.
Washington - Mexico got encouragement Wednesday from the head of the International Monetary Fund (IMF) in its application for a 47-billion-dollar credit line to get through the world economic crisis.
