BRUSSELS - EUROPEAN Union finance ministers are expected to endorse calls to double the funding of the International Monetary Fund to US$500 billion (S$774 billion) at talks on Tuesday.
WASHINGTON - MCCLATCHY Co, owner of the Miami Herald and other newspapers, announced on Monday it was cutting 1,600 jobs, or 15 per cent of its workforce, because of falling advertising revenue and the weak economy.
NEW YORK - THE New York Times Co. announced on Monday that it had finalized a sale-leaseback agreement for part of its Manhattan headquarters, in a move aimed at raising cash to pay down its debt.
LONDON - THE Bank of England can control the threat of inflation generated by its radical new policy of creating money, the bank's deputy governor said in a commentary published on Monday.
