The winner of Bulgaria's election said on Friday he wanted to form a majority government, shifting tactics after last weekend's vote produced a fractured result threatening his chances of becoming prime minister again.
Boiko Borisov, who led Bulgaria from 2009 to 2013, had
(The following statement was released by the rating agency)
NEW YORK, November 10 (Fitch) Fitch Ratings has assigned a
rating of 'BBB-' to
the $750 million in preferred stock issued by American Express
Company (AXP,
Duff & Phelps Select Energy MLP Fund Inc. Declares First Quarterly Distribution of $0.315 per Share
PR Newswire
A 60-year-old American was killed by a camel which escaped from its pen and attacked him at a wildlife center he owned in the Mexican beach resort of Tulum, local emergency services said on Tuesday.
Richard Mileski, who was from the Chicago area, was found
By Ian Campbell
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
House price bubbles thrust economies forward and crush them when they burst. The International Monetary Fund has now raised the prospect of a global housing bubble that could potentially destabilise the world economy. The risk is credible, but the IMF is sadly too coy about the root cause of the problem – ultra-loose U.S. monetary policy.
It is tempting to regard housing as a purely regional asset. The reality is that it shows the characteristics of other asset classes like equities and bonds in responding to extreme post-crisis central bank policy. True, the IMF’s global property price index shows an annual price rise of a less-than-alarming 3.1 percent in the fourth quarter of 2013. But in some countries, values are increasing rapidly. Emerging economies tend to lead, with the Philippines and Hong Kong showing 10 percent-plus annual gains, and New Zealand, China and Brazil not far behind. The United States, with a 6.6 percent increase, is on the shoulder of the leading group.
There are red flags in developed countries. The house price-to-rent ratio is more than 50 percent above the historical norm in Canada, New Zealand, Norway and Belgium. The house price-to-average-income ratio is more than a quarter above the historical average in the UK, France, New Zealand and Australia, and almost 50 percent above normal in Belgium. It is obvious that very low interest rates and cheap mortgages are making property affordable with house prices unsustainably high, which spells trouble when interest rates move higher.
U.S. President Barack Obama's administration is dispatching senior intelligence officials and Secretary of State John Kerry to brief members of Congress and staff about the Islamic State militant group in the coming weeks, congressional aides said on Thursday.
Kerry will testify to members of the House of Representatives Foreign Affairs Committee during the week of Sept. 15, an aide said.
And officials from the Office of the Director of National Intelligence and the National Counterterrorism Center will brief congressional staff on Friday, before Congress returns on Monday from its August recess.
Some lawmakers have contended that Obama should seek congressional authorization for airstrikes in Iraq against the Sunni militants. However, it is not clear whether such a vote would take place this month or whether he needs Congress to approve the limited actions already under way.
The rise of the Islamic State is expected to be an issue in campaigning for the Nov. 4 congressional elections.
Booms of outgoing artillery shaking the ground, militia fighters from the remote Libyan mountain town of Zintan hunker down in the passenger terminal to defend Tripoli airport, the biggest prize in the capital.
Across the city a few kilometres away, a commander of a
ALISO VIEJO, Calif., Nov. 4, 2014 (GLOBE NEWSWIRE) -- Alternative Technology Solutions, the leading ERP and CRM solution and service provider that brings the best of the cloud to manufacturers, today announced it completed its third and most successful Dreamforce presence.
"As always, Dreamforce was larger than life and it was great to be part of an event designed to motivate and inspire customers to do great things with their businesses," said Vivian Keena, Alternative CEO. Salesforce's annual user conference, which boasted over 140,000 registered attendees for 2014's event, was its largest to date.
In the Manufacturing Industry Showcase within Dreamforce, Alternative highlighted its manufacturing background, Salesforce expertise, and solutions built specifically for manufacturers. "Last year at Dreamforce, we launched our iQ Configure, Price, Quote application for manufacturers and distributors looking to seamlessly create configured and custom quotes in Salesforce," said Keena. "With several major releases under our belt since then, Dreamforce14 provided a great opportunity to show how iQ continues to set the pace for CPQ applications for manufacturers."
Enbridge Income Fund Holdings Inc. Announces Monthly Dividend
