April, 2016

• 11 April

  ‘3 suicide bombers’ attack police station in south Russia

  Moscow / AFP Three suicide bombers blew themselves up outside a police station in southern Russia on Monday as they tried to storm the building, police said, but no other casualities were reported. “We were holding a meeting in the morning when five explosions went off,” Sergei Karamyshev, a senior police officer in the village of Novoselitskoye in the southern ...

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• 11 April

  Greece blasts Macedonia for using ‘excessive force’ on migrants

  

  Greece / AFP Greece on Monday lashed out at Macedonia for using “excessive force” after police fired tear gas and rubber bullets on migrants trying to breach the closed border to enter the EU. Macedonian police accused crowds of hurling stones and other objects at them on Sunday in a bid to break down a fence at the border with ...

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• 11 April

  Brazil impeachment commission votes on president Rousseff fate

  

  Brazil / AfP An impeachment commission was due to vote on the fate of Brazilian President DilmaRousseff ahead of a vote by the lower house of Congress to decide whether she should go to trial. Bad-tempered debate, interrupted by heckling and chanting, kicked off in the commission in Brasilia while security forces mounted a huge operation outside to separate rival ...

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• 11 April

  After protests, French PM vows to help youth get jobs

  

  Paris / AFP French Prime Minister Manuel Valls unveiled measures on Monday to help young people find work, aiming to quell weeks of protests against the government’s proposed reforms to labour laws. Young people have been at the forefront of mass demonstrations against the reforms over the past month, which the government argues are aimed at making France’s rigid labour ...

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• 11 April

  Standard Chartered seeks to sell $4.4 billion of Asian assets

  

  Bloomberg Standard Chartered Plc is seeking to sell at least $4.4 billion of assets in Asia, people with knowledge of the matter said, as the lender pares its balance sheet after booking record impairments. The London-based bank is speaking with potential buyers for about $1.4 billion of stressed loans made to Indian firms including GMR Infrastructure Ltd., according to the ...

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• 11 April

  RBI chief builds record reserves to strengthen Asia’s worst currency

  

  Bloomberg Reserve Bank of India(RBI) Governor Raghuram Rajan is going all out to build up the nation’s foreign-exchange reserves as he seeks to augment the rupee’s defenses. The stockpile grew to an unprecedented $359.76 billion in the week to April 1, Reserve Bank of India data showed. The reserves surged as Governor Raghuram Rajan bought dollars to take advantage of ...

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• 11 April

  BOJ’s backfire hangs over central bankers as IMF meetings start

  

  Bloomberg The world’s central bankers, already hitting limits of their effectiveness on growth and inflation, are now contending with another risk: that additional stimulus could produce lackluster results and undercut investor confidence. The Bank of Japan’s decision in January to take interest rates negative has sent bond yields tumbling, while doing little to curb a surging yen that’s squeezing the ...

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• 11 April

  ‘Loan demand rising as developing countries face headwinds’

  Washington / Reuters The World Bank said on Monday it expects its nonmarket rate lending to top $43 billion in the current fiscal year as developing countries face economic headwinds, bringing its total for the past four years to more than $150 billion. The multilateral lender said its International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) ...

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• 11 April

  Brokers call for India to probe claims of unfair exchange access

  

  New Delhi / Bloomberg A panel advising India’s markets regulator found evidence that high-frequency traders gained unfair access to the nation’s biggest stock exchange, prompting two of the country’s largest brokerage associations to call for a formal investigation. The National Stock Exchange of India Ltd. “violated norms of fair access,” according to a copy of the panel’s internal report seen ...

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• 11 April

  China’s economic slowdown to hit East Asia development

  

  Singapore / AFP China’s economic slowdown will hit growth in developing East Asia and the Pacific from this year until at least 2018, the World Bank said on Monday, warning of volatile global markets and urging caution. Regional growth is forecast to slow from 6.5 percent in 2015 to 6.3 percent this year and 6.2 percent in 2017 and 2018, ...

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