BASEL (Switzerland) - THE global economy is stabilising and the outlook is better than previously expected, leading central bankers said after a meeting on Monday.
'It's already known a number of projections have been slightly revised up, confirming that we probably are ... out of the period of freefall which had marked the last quarter of last year and the first quarter of this year,' said Jean-Claude Trichet, speaking on behalf of the Group of 10 top central bankers.
BANGKOK- A FORMER Thai prime minister and national police chief should be criminally prosecuted for their roles in last year's deadly crackdown on anti-government protesters, a state commission said on Monday.
The October riot outside Parliament, where two protesters were killed and more than 500 were injured, was the bloodiest event in yearlong political violence.
LONDON - WOMEN at some of Britain's top banks and finance companies take home bonuses five times smaller than their male colleagues, according to a government-commissioned study released Monday.
The average annual bonus for women was nearly 2,900 pounds (S$6,875) compared to about 14,500 pounds for men, the report carried out by the Equality and Human Rights Commission (EHRC) said.
TOKYO - JAPAN'S next prime minister, Yukio Hatoyama, said on Monday he would not formally announce his choices for key cabinet posts until talks on a proposed coalition with two parties were completed.
Mr Hatoyama, who will take office on Sept. 16 following his Democratic Party's stunning election win, has already selected former health minister Naoto Kan, 62, to head a powerful new agency to oversee the budget process and set policy priorities as well as party No. 2 executive Katsuya Okada, 56, as foreign minister.
