Britain facing raft of home repossessions - "bad bank" chief

Reuters: Top News         Britain facing raft of home repossessions - "bad bank" chief June 28, 2011 at 4:18 AM   LONDON (Reuters) - Britain is facing a raft of home repossessions as soon as interest rates start to rise, the chief executive of the bad bank managing the toxic assets that brought down Northern Rock told The Guardian newspaper in an interview.         Tepco gets to keep nuclear reactors despite shareholder ire June 28, 2011 at 4:03 AM   TOKYO (Reuters) - The utility at the heart of Japan's atomic crisis, Tokyo Electric Power Co, won institutional shareholder backing on Tuesday to keep its reactors in the face of anger from rank-and-file stockholders seeking an end to nuclear energy.         StanChart keeps lid on costs, heads for record profit June 28, 2011 at 4:03 AM   HONG KONG/LONDON (Reuters) - Staff cuts coupled with growth in Hong Kong and other key Asian markets have put Standard Chartered Plc on track for record profits in the first half of this year, up over 10 percent on a year earlier.         Greek unions aim to fill Athens in austerity protests June 28, 2011 at 3:50 AM   ATHENS (Reuters) - Greek unions promised to fill the streets of central Athens on Tuesday at the start of a two-day strike to protest painful austerity measures demanded by international lenders as the price for more financial aid.         Thorntons to close 120 stores, to pay nominal dividend June 28, 2011 at 2:55 AM   (Reuters) - Chocolatier Thorntons Plc said it would close a third of its own stores over three years as trading continued to be tough, and recommended a nominal final dividend for the year ending June.         French banks agree to Greek debt rollover June 27, 2011 at 11:30 PM   ATHENS/PARIS (Reuters) - France offered a radical solution Monday for banks to roll over some Greek debt for 30 years as the Greek government fought for political support of its five-year austerity plan to avert bankruptcy.         France's Lagarde poised to become next IMF chief June 27, 2011 at 9:34 PM   WASHINGTON (Reuters) - French Finance Minister Christine Lagarde on Tuesday will likely be named the next head of the International Monetary Fund despite a strong challenge to Europe's traditional hold on the job.         Government facing raft of home repossessions - "bad bank" chief June 27, 2011 at 6:22 PM   LONDON (Reuters) - The government is facing a raft of home repossessions as soon as interest rates start to rise, the chief executive of the bad bank managing the toxic assets that brought down Northern Rock told The Guardian newspaper in an interview.         Nike quarterly net income up 14 percent June 27, 2011 at 6:02 PM   NEW YORK (Reuters) - Nike Inc reported better-than-expected fourth-quarter earnings on Monday as a 14 percent increase in revenue helped offset higher costs.         French banks agree to Greek debt rollover June 27, 2011 at 5:31 PM   ATHENS/PARIS (Reuters) - France offered a radical solution Monday for banks to roll over some Greek debt for 30 years as the Greek government fought for political support of its five-year austerity plan to avert bankruptcy.         U.N. says peacekeeping chief Le Roy to leave post June 27, 2011 at 3:48 PM   UNITED NATIONS (Reuters) - The head of U.N. peacekeeping operations, Alain Le Roy of France, will step down from his post after his term expires in August, the United Nations said on Monday.         British teen hacker suspect granted bail June 27, 2011 at 2:09 PM   LONDON (Reuters) - A British teenager accused of attempting to hack the website of a national law enforcement agency and two music industry bodies was released on bail on Monday on the condition he does not try to access the internet.         OPEC top official urges IEA to halt oil release June 27, 2011 at 2:04 PM   VIENNA (Reuters) - The IEA order to release emergency oil stocks should be halted immediately, OPEC's Secretary General said on Monday at the end of cooperation talks with the European Union.         Bank capital surcharge, CoCo blow may force cash calls June 27, 2011 at 12:41 PM   LONDON/FRANKFURT (Reuters) - Europe's banks may need to raise over 50 billion euros (44.7 billion pounds) after regulators slapped an extra capital surcharge on big lenders to make them safer and forbid the use of debt to pad out the extra cushion.         Court case against Berlusconi associates opens June 27, 2011 at 10:58 AM   MILAN (Reuters) - A Milan judge heard arguments on Monday to decide whether to try a dental nurse, a celebrity agent and a television anchorman accused of procuring women for Italian Prime Minister Silvio Berlusconi's alleged sex parties.         Knox clashes with witness in Italy murder trial June 27, 2011 at 10:07 AM   ROME (Reuters) - The appeal by U.S. student Amanda Knox against her conviction for the 2007 murder of her British housemate resumed in Italy on Monday, with Knox telling a key witness to "tell the truth," after he insisted she was guilty.         New U.N. food chief sees high food prices for years June 27, 2011 at 7:43 AM   ROME (Reuters) - The newly elected chief of the United Nations food agency said on Monday he expected high food prices to last several years and cause problems for importing countries.         French-German E. coli link seen in seed sprouts June 27, 2011 at 7:12 AM   LONDON (Reuters) - Dutch and British health officials advised people to avoid raw sprouts and seeds on Monday after scientists linked an outbreak of E. coli in France to a highly toxic one in Germany that has killed 43 people.         UK unveils £1.4 billion of deals with China June 27, 2011 at 6:54 AM   LONDON (Reuters) - Britain and China unveiled a series of deals during a visit by Chinese Premier Wen Jiabao on Monday.         Strikes loom in Britain over pensions despite talks June 27, 2011 at 6:50 AM   LONDON (Reuters) - Teachers and civil servants are expected to strike this week despite further talks on Monday between the government and unions over reforming public sector pensions.         Japan could face a third "lost" decade - Moody's June 27, 2011 at 6:15 AM   TOKYO (Reuters) - Japan could face a third "lost" decade of sluggish economic growth that will leave it struggling to whittle down the heaviest debt burden among developed nations, Moody's ratings agency said on Monday.         Border shelling overshadows U.S.-Pakistan-Afghanistan talks June 27, 2011 at 5:27 AM   ISLAMABAD/KABUL (Reuters) - Fighting across the Pakistan-Afghanistan border will overshadow talks when the two countries meet along with the United States on Tuesday to map out plans for talks with the Taliban.         U.N., EU CO2 hits fresh low as macroeconomic fears weigh June 27, 2011 at 4:41 AM   LONDON, June 27 - European carbon hit a fresh 26-month low on Monday morning amid fears that Greece could vote against austerity measures that would unlock a second financial bailout.         Pakistan expels British counter-terrorism trainers June 27, 2011 at 4:31 AM   ISLAMABAD (Reuters) - Pakistan has told Britain to pull out some of its military trainers, in what appears to be the latest sign of strained relations with the West after last month's killing of Osama bin Laden by U.S. troops.         Tougher bank capital rules could see dash for cash June 27, 2011 at 4:07 AM   LONDON (Reuters) - Shares in Europe's banks dipped Monday after regulators slapped an extra capital surcharge on big lenders to make them safer, and told them they could not use contingent capital for the extra cushion.         Khmer Rouge commanders go on trial in Cambodia June 27, 2011 at 3:13 AM   PHNOM PENH (Reuters) - The four most senior surviving members of Cambodia's murderous Khmer Rouge regime went on trial for war crimes on Monday, three decades after its "year zero" revolution marked one of the darkest chapters of the 20th century.         Moody's chides Japan over fiscal reform delay June 27, 2011 at 2:58 AM   TOKYO (Reuters) - Japan's failure to meet a self-imposed June 20 deadline to announce a long-term plan to deal with the country's debts is a negative development, Moody's ratings agency said, suggesting it is edging closer to a ratings downgrade.         China's Wen signals doubt inflation goal can be met June 27, 2011 at 2:47 AM   HONG KONG/BEIJING (Reuters) - Chinese Premier Wen Jiabao signalled for the first time that China would struggle to meet its 4 percent inflation target this year, underlining expectations that interest rates will rise further even as economic growth slows down.         Analysis - Euro's fate is Merkel's dilemma June 27, 2011 at 1:58 AM   BRUSSELS (Reuters) - On a rainy Friday night in Berlin, sometime in the next 18 months, Angela Merkel receives a telephone call from the president of the European Central Bank.         France's Lagarde poised to become next IMF chief June 27, 2011 at 12:16 AM   WASHINGTON, June 27 (Reuters) - French Finance Minister Christine Lagarde appeared poised to become the head of the International Monetary Fund this week despite a strong challenge to Europe's traditional hold on the job.         Greece to debate austerity package under EU pressure June 26, 2011 at 8:27 PM   ATHENS (Reuters) - Greece's parliament begins on Monday to debate a deeply unpopular austerity plan which international lenders are demanding to see approved this week to avert the threat of bankruptcy.         UK house prices edge lower in June - Hometrack June 26, 2011 at 8:00 PM   LONDON (Reuters) - House prices in England and Wales have edged lower this month to show their biggest annual fall since October 2009, a monthly survey from property data company Hometrack showed on Monday.         Farm exports to get boost in billion-pound China deals June 26, 2011 at 7:20 PM   LONDON (Reuters) - Britain and China are expected to announce business deals worth a billion pounds on Monday, including the reopening of British poultry exports to China and increased pork exports, the government said.         Greek rebel MPs may curb austerity reforms - deputy PM June 26, 2011 at 6:43 PM   ATHENS (Reuters) - Greece's deputy prime minister warned on Sunday that rebel lawmakers may block some reforms sought by international lenders but parliament would probably back an overall austerity package this week to avert a sovereign default.         World Bank to take stock as Egypt scraps IMF loan June 26, 2011 at 5:53 PM   WASHINGTON (Reuters) - The World Bank said on Sunday it would have to take stock of plans to lend to Egypt after the International Monetary Fund confirmed the authorities no longer wanted an IMF-backed loan program.         Government and unions head for showdown talks June 26, 2011 at 3:02 PM   LONDON (Reuters) - Talks between the government and trade union leaders aimed at staving off a wave of strikes over pension reforms are due to go ahead on Monday despite both sides trading threats and insults on the eve of the meeting.         Conservative Party member found dead at Glastonbury June 26, 2011 at 2:34 PM   PILTON, England (Reuters) - An official in the Conservative Party and friend of prime minister David Cameron has died at the Glastonbury music festival in southwest England, the festival's founder Michael Eavis said on Sunday.         Knox murder appeal resumes Monday with key witness June 26, 2011 at 2:03 PM   ROME (Reuters) - An appeal by U.S. student Amanda Knox against her conviction for the 2007 murder of her British housemate resumes in Italy Monday when a key witness will be heard.         Yemen's Saleh to reappear as violence grips south June 26, 2011 at 1:30 PM   RIYADH/SANAA (Reuters) - Wounded Yemeni President Ali Abdullah Saleh, not seen in public since an attack on his palace in early June, is well enough to return to Yemen soon and will make a media appearance within the next couple of days.         Brazil's Graziano da Silva voted new U.N. food chief June 26, 2011 at 12:34 PM   ROME (Reuters) - Brazil's Jose Graziano da Silva was elected head of the United Nations Food and Agriculture Organisation (FAO) on Sunday, replacing Senegal's Jacques Diouf.         Greek debt restructure inevitable - PIMCO's El-Erian June 26, 2011 at 12:06 PM   WASHINGTON (Reuters) - Greece's sovereign debt restructuring is inevitable, PIMCO co-chief investment officer Mohamed El-Erian said on Sunday, warning the nation's problems could "contaminate" Europe.         Pensioner to challenge Bank of Ireland in court June 26, 2011 at 11:52 AM   LONDON (Reuters) - British pensioner Albert Kempster will take on Bank of Ireland in court this month to prevent his savings from being wiped out by the Irish bank's debt restructuring.             This email was sent to afeliaaa.beton@blogger.com. 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