Matthias's Feed
Feb 26, 2014

Romanian president reassures investors as government splits

BUCHAREST (Reuters) – Romanian President Traian Basescu sought to soothe investors on Wednesday by throwing his weight behind a 4 billion-euro aid deal with the International Monetary Fund that has looked under threat from a split in the ruling coalition.

Basescu had previously refused to ratify the latest review of the deal, which is key to the economic credibility of the European Union’s second-poorest state. He objected to proposals for a new fuel tax and a bank loan-support scheme.

Feb 26, 2014

Reforms, presidential vote in focus after Romania coalition splits

BUCHAREST (Reuters) – Ministers from Romania’s Liberals resigned from the government on Wednesday, a day after the party quit the ruling coalition in a break-up that will trigger a confidence vote and has changed the dynamics of a presidential election in November.

The rupture has left the rump of Prime Minister Victor Ponta’s Social Democrat-led alliance with a slender majority in parliament, which will likely prompt him to ask an ethnic Hungarian party to join the government to shore up his support.

Feb 25, 2014

Romania’s ruling coalition ruptures as elections loom

BUCHAREST (Reuters) – Romania’s Liberal party pulled the plug on the coalition government on Tuesday, in a break-up that might disrupt five years of economic reform backed by the International Monetary Fund (IMF) in the European Union’s second poorest state.

The second-largest member of Prime Minister Victor Ponta’s ruling alliance, the Liberals announced the split after crisis talks late into the evening in Bucharest. Its ministers will submit their resignations to the prime minister on Wednesday.

Feb 25, 2014

Romania’s ruling coalition could rupture as elections loom

BUCHAREST, Feb 25 (Reuters) – Romania’s feuding coalition
government could split in a matter of days, a break-up that
might disrupt five years of economic reform backed by the
International Monetary Fund (IMF).

The Liberal party, the second largest member of Prime
Minister Victor Ponta’s ruling alliance, was set to meet for
crisis talks on Tuesday evening to decide whether to pull their
ministers out of the government. That could shortly be followed
by a formal split from Ponta’s leftist Social Democrats.

Feb 14, 2014

In election year, Romania debates giving human rights to dolphins

CONSTANTA, Romania (Reuters) – Armed with an iPad and a letter of support from an Oscar-winning film director, Remus Cernea is pushing a cause that he acknowledges few of his fellow Romanian lawmakers care about: giving dolphins the same rights as humans.

The 39-year-old activist politician introduced a bill in parliament last week that would recognize the marine mammals as “non-human persons”, on account of their highly developed intelligence, personalities and behavior patterns.

Dec 2, 2013

IRB urges India to offer up new highways for bidding

NEW DELHI (Reuters) – The chairman of India’s largest road construction firm IRB Infrastructure Developers Ltd (IRBI.NS: Quote, Profile, Research) urged the government to invite companies to bid to build and operate dozens of new highways, a step regarded as crucial to economic growth.

India sees ramping up the construction of new roads, power plants and ports as crucial to making its businesses more internationally competitive and lifting economic growth out of its worst slowdown in a decade.

Dec 2, 2013

Road builder IRB urges India to offer up new highways for bidding

NEW DELHI, Dec 2 (Reuters) – The chairman of India’s largest
road construction firm IRB Infrastructure Developers Ltd
urged the government to invite companies to bid to
build and operate dozens of new highways, a step regarded as
crucial to economic growth.

India sees ramping up the construction of new roads, power
plants and ports as crucial to making its businesses more
internationally competitive and lifting economic growth out of
its worst slowdown in a decade.

Nov 26, 2013

Tata Power eyes more purchases in wind and solar push

NEW DELHI (Reuters) – Tata Power (TTPW.NS: Quote, Profile, Research) is looking for more acquisitions as part of a $260-million-a-year investment push into renewable energy, following last month’s purchase of a wind farm in western Gujarat from AES Corp (AES.N: Quote, Profile, Research), a senior official said.

Part of the tea-to-telecoms Tata group, the firm is India’s third-largest listed utility by revenue in the Thomson Reuters India Index.

Nov 26, 2013

India’s Tata Power eyes more purchases in wind and solar push

NEW DELHI, Nov 26 (Reuters) – India’s Tata Power
is looking for more acquisitions as part of a
$260-million-a-year investment push into renewable energy,
following last month’s purchase of a wind farm in western
Gujarat from AES Corp, a senior official said.

Part of the tea-to-telecoms Tata group, the firm is India’s
third-largest listed utility by revenue in the Thomson Reuters
India Index.

Nov 10, 2013

India PM likely to skip Sri Lanka summit amid war crimes row

NEW DELHI (Reuters) – Indian Prime Minister Manmohan Singh is likely to skip a meeting of Commonwealth leaders in Sri Lanka this week marred by long-running accusations that Colombo has failed to address the issue of war crimes against minority Tamils.

Singh’s move is seen as bowing to pressure from India’s own large Tamil population, with an eye to a general election that must be held by May 2014.