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The Daily Star
THURSDAY, 22 AUG 2013
04:25 PM Beirut time
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BLOM
1,143.42down
Analysis  
Sovereign fund decline as emerging assets sour
By Natsuko Waki | August 22, 2013 12:11 AM
The world’s biggest sovereign wealth funds may see their bumper profits of 2012 diminish this year as recent diversification into high-growth emerging markets starts to produce disappointing returns.
With Gulf aid, Egypt economy can weather crisis
By Patrick Werr | August 21, 2013 12:08 AM
Egypt’s political crisis has dealt a blow to any hopes for a quick economic recovery, but aid from its Gulf allies is likely to prevent a financial collapse.
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Higher costs sap foreign interest in U.S. homes
By Julie Haviv | August 19, 2013 12:09 AM
Foreign investors, who rapaciously scooped up U.S. real estate during the 2007-2009 recession, are backing away from the same markets they so eagerly jumped into a few years ago.
 
Sri Lanka lifts curfew as Muslims fear more violence
August 11, 2013 12:12 PM
Sri Lankan police lifts a curfew on a Colombo neighbourhood after a Buddhist-led mob attack on a mosque raised religious tensions and left the Muslim minority fearing further violence.
 
How Hollande plans to win his bet on jobs
By Mark John, Emmanuel Jarry | August 06, 2013 12:16 AM
Defying all predictions by the IMF, the European Commission and the bulk of private economists, President Francois Hollande is still banking on a turnaround in French unemployment by the end of the year.
 
Bangkok braces for political street protests
August 04, 2013 02:25 PM
Thailand's capital braces for possible unrest in the week ahead, with street protests expected over moves in parliament that could eventually lead to a pardon for ousted Prime Minister Shinawatra.
 
Pro-government rally draws tens of thousands in Tunisia
By Tarek Amara | August 04, 2013 11:32 AM
Tens of thousands of Tunisians come out in a show of force for the country's Islamist-led government, in one of the largest demonstrations since the 2011 revolution.
 
Qatar's new emir in Saudi for first foreign trip
August 02, 2013 11:58 AM
Qatar's new emir Sheikh Tamim bin Hamad Al-Thani is to visit Saudi Arabia on his first foreign foray since acceding to the throne in June, state news agency SPA says.
 
Population trends cloud EU’s outlook
By Alan Wheatley | August 01, 2013 12:20 AM
Slowly but unsurely, Europe is facing up to population trends that will sap long-run economic growth and force nations to choose between cutting pensions and welfare benefits or paying higher taxes to maintain them.
 
German FM due in Egypt amid political impasse
July 31, 2013 03:40 PM
German Foreign Minister Guido Westerwelle is to travel to Egypt for talks with the interim government and backers of ousted president Mohamed Morsi.
Investors wince as U.S. budget battle looms
By Steven C. Johnson | July 30, 2013 12:21 AM
Another year, another battle over the U.S. budget. It’s hardly what investors need, but it looks like they’re going to get it just the same.
 
Few happy endings for Detroit to follow
By Michael Connor, Tiziana Barghini | July 26, 2013 12:29 AM
Detroit officials hope the bruising bankruptcy battle ahead of them will be rewarded with the birth of a leaner, more efficient and ultimately prosperous Motown.
 
African Union probes rival Sudan rebel allegations
July 22, 2013 04:54 PM
African nations launched an investigation into allegations by Sudan and South Sudan that they are supporting rebels operating in each other's territory, the African Union says.
 
Japan PM Abe's coalition wins upper house poll: NHK
July 21, 2013 02:12 PM
The coalition of Japan's Prime Minister Shinzo Abe wins a resounding victory in upper house elections, broadcasters' exit polls showed.
 
Pope sets up commission to reform Vatican
July 19, 2013 02:54 PM
Pope Francis, moving to overcome major crises in the Holy See, set up a special commission to reform its economic and administrative departments, the Vatican says.
 
Gunmen kill three Egyptian police in north Sinai: medics
July 18, 2013 12:03 PM
Militants killed three Egyptian policemen overnight in separate attacks in north Sinai, medical and security officials say, in the latest eruption of violence sweeping the restive peninsula.
 
New Egypt Cabinet may promote welfare, not economic reform
By Patrick Werr, Andrew Torchia | July 18, 2013 01:24 AM
Egypt’s new military-backed government faces intense pressure to repair the state’s chaotic finances but is likely instead to spend billions.
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