WASHINGTON (Reuters) - British intelligence played a central role in the undercover operation to foil an underwear bomb plot involving al Qaeda's Yemeni offshoot, counterterrorism sources told Reuters. The undercover informant in the plot linked to Al Qaeda in the Arabian Peninsula, or AQAP, was a British citizen, possibly of Saudi origin, the sources said on condition of anonymity. The informant
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British played central role in foiled bomb operation: sources
Posted by cagan 15 days ago (http://news.yahoo.com)
European Central Bank Leaves Interest Rate Unchanged
Posted by kagan 22 days ago (http://www.nytimes.com)
The president of the European Central Bank said that opting for the “easier road” of raising taxes to balance budgets would not solve Europe’s problems.
Strategies: Central Banks Are Calming Markets, Despite Europe’s Woes
Posted by cagan 27 days ago (http://www.nytimes.com)
Despite recent news from Europe that could have shaken investors, the markets have remained relatively steady.
China Wants More Trade With Central and Eastern Europe
Posted by kagan 29 days ago (http://www.nytimes.com)
Prime Minister Wen Jiabao said China wanted to double trade with the countries of Central and Eastern Europe to $100 billion a year by 2015.
European Central Bank’s Stimulus Leads to Low-Interest Auto Loans
Posted by cagan 67 days ago (http://www.nytimes.com)
Automakers on the Continent are using money borrowed from the central bank’s stimulus program to offer low-interest loans to customers.
Central Banks in Europe Hold Line on Rates
Posted by kagan 106 days ago (http://www.nytimes.com)
The European Central Bank signaled the worst may be over for the euro zone. But the Bank of England said it would increase its purchases of government bonds to bolster the economy.
European Central Bank Moves to Avoid Loss on Greek Bonds
Posted by kagan 122 days ago (http://www.nytimes.com)
Tentative talks begin in effort to prevent the European Central Bank from having to take a loss on its 55 billion-euro portfolio of Greek bonds.
Hungarian Leader Softens on Central Bank Merger
Posted by cagan 126 days ago (http://www.nytimes.com)
Viktor Orban promised Friday to abandon plans to merge the nation’s central bank and its financial markets regulator, seeking to defuse criticism from the European Union.
European Central Bank Eases Euro Crisis a Bit
Posted by kagan 126 days ago (http://www.nytimes.com)
Banks have used quiet emergency loans from the European Central Bank, which has resisted buying up government debt in its own right, to come to their governments’ rescue.
LIBYA: Violent clashes break out in central Tripoli
Posted by ebru 143 days ago (http://www.france24.com)
Machine guns and rocket-propelled grenades were fired during sustained clashes in central Tripoli on Tuesday, witnesses say. It is not clear why the fighting broke out or who was involved.
European Central Bank Picks Belgian as Top Economist
Posted by kagan 143 days ago (http://www.nytimes.com)
The European Central Bank unexpectedly named Peter Praet, a Belgian, as its de facto chief economist, breaking a tradition of having German hard liners in the post.
Bank Deposits at European Central Bank Reach High for Year
Posted by kagan 154 days ago (http://www.nytimes.com)
The overnight deposits are another sign that Europe’s debt crisis is still putting pressure on the banking system despite loans from the central bank.
Central Bank Loans May Ease Europe’s Crisis
Posted by kagan 156 days ago (http://www.nytimes.com)
After long resisting the kind of force Washington used at the height of the financial crisis in 2008, Europe’s central bankers pumped nearly $640 billion into its banking system.
High & Low Finance: A Central Bank Doing What Central Banks Do
Posted by kagan 156 days ago (http://www.nytimes.com)
The European Central Bank has loaned $639 billion to 523 banks to keep credit flowing. It turns out that may be enough to stem the European crisis for at least a few years.
Hungarian Bill Could Take Power From Central Bank
Posted by cagan 162 days ago (http://www.nytimes.com)
The move by the government of Prime Minister Viktor Orban is part of what its critics say is a sweeping drive to consolidate power that has undermined many of the country’s institutions.
European Central Bank Chief Suggests Broader Rescue Is Possible
Posted by kagan 176 days ago (http://www.nytimes.com)
Mario Draghi suggested the European Central Bank might try to help ease market tension if political leaders take decisive steps to prevent future debt crises.
Central banks act as euro zone crisis rages
Posted by cagan 177 days ago (http://www.reuters.com)
BRUSSELS/LONDON (Reuters) - The world's major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone's debt crisis drove EU ministers to urge more IMF help to avert financial disaster.
Central banks spur Asian shares to two-week high
Posted by cagan 177 days ago (http://www.reuters.com)
TOKYO (Reuters) - Asian shares rallied to two-week highs on Thursday, building on strong global gains after the world's six major central banks moved to tame a liquidity crunch for European banks by providing cheaper dollar funding.
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