Finance news

• Tunisians protest economic amnesty bill

  12-09-2015 22:30 via news.yahoo.com
  
  Hundreds of Tunisians marched in the capital Tunis on Saturday to protest a proposed law giving amnesty to businessmen accused of corruption during the rule of ousted autocrat Zine El-Abidine Ben Ali. Waving banners saying "This law will not pass", protesters took to the streets under tight security in the city after authorities warned about possible car bomb attacks by Islamist militants trying to undermine Tunisia's democracy. The proposed law would clear businessmen accused of corruption unde
  
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• Renzi claims Italy on the mend with money to spend

  12-09-2015 19:41 via news.yahoo.com
  
  Italy is on the mend and will have 17 billion euros extra to spend next year after winning its battle for greater flexibility on EU deficit rules, Prime Minister Matteo Renzi said Saturday. Renzi, who is preparing tax and spending cuts for a 2016 budget due to be unveiled in October, said the Eurozone's third-biggest economy was finally set to accelerate after years of stagnation or worse. "I say it without any problem and based on the figures: Italy has turned the corner.
  
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• Poland's main parties present election promises to lure voters

  12-09-2015 18:49 via news.yahoo.com
  
  By Marcin Goettig and Anna Wlodarczak WARSAW (Reuters) - Poland's ruling Civic Platform (PO) party and opposition Law and Justice (PiS) announced their economic programs on Saturday, vying for voters before the October parliamentary elections. The PO party, which is trailing the PiS in opinion polls, said it plans to introduce a "uniform" personal tax rate and abolish mandatory pension and healthcare contributions. "This is a project of a great change in the tax philosophy in Poland," Prime Mini
  
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• Greece's Syriza, New Democracy still hard to separate, polls show

  12-09-2015 18:09 via news.yahoo.com
  
  The leftist Syriza party of former Greek prime minister Alexis Tsipras maintained a wafer-thin pre-election lead over conservative New Democracy in three opinion polls on Saturday, with a fourth putting them level-pegging. The two parties have been hard to separate in the run-up to the Sept. 20 ballot, and Tsipras and his center-right counterpart Vangelis Meimarakis have spent much of their campaigns trying to protect their vote, trading accusations over Greece's economic crisis, migration and c
  
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• Portugal's deputy PM confident of majority for ruling coalition

  12-09-2015 16:59 via news.yahoo.com
  
  By Axel Bugge and Sergio Goncalves LISBON (Reuters) - Portugal's center-right government is confident of winning an absolute majority in next month's national election, the deputy prime minister said, with voters keen to avoid returning to the economic instability that forced the country into a bailout. Deputy Prime Minister Paulo Portas told Reuters he believed the Portuguese were not prepared to hand the running of the country back to the opposition center-left Socialists, who had sought the b
  
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• Eurogroup chief rules out Greek debt deal renegotiation

  12-09-2015 16:22 via news.yahoo.com
  
  BRUSSELS (AP) — The head of the euro currency group of countries has ruled out any renegotiation of the massive loan program meant to save Greece's economy, a week ahead of general elections there.
  
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• Armenian police end latest protest against electricity price rise

  12-09-2015 15:17 via news.yahoo.com
  
  Police in the Armenian capital Yerevan on Saturday briefly detained around 50 people who had been blocking the main avenue in protest at higher electricity prices, a day after thousands demonstrated against the price hike.     There has been a wave of street protests against the price increase that took effect on Aug. 1, suggesting that public anger has not abated despite several weeks of calm.     On Saturday morning the police detained around 50 people at the bloc
  
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• Puerto Rican workers, unions, protest new austerity plan

  12-09-2015 01:56 via news.yahoo.com
  
  Thousands of public sector workers demonstrated on Friday against an austerity plan to help pull Puerto Rico out of a massive debt crisis, saying the private sector should take more of the pain.     The island's government is calling for shared sacrifice, and concessions from citizens and investors alike, as it tries to lift itself out of a $72 billion debt hole.     But Puerto Ricans have already endured more than a decade of austerity, as the econom
  
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• China loosens bank lending requirements, state media

  12-09-2015 01:03 via news.yahoo.com
  
  China on Friday loosened the means for calculating the reserve requirement ratios of banks, the state news agency Xinhua reported, effectively increasing the amount of money banks can lend. The move does not amount to a formal cut in the reserve requirement ratio (RRR), but will allow banks to undershoot it by as much as one percent on a daily basis as long as they meet the requirement on average. Loosening the RRR is also a stimulatory measure as it increases the amount of money banks can lend,
  
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