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December 23: The day in pictures

  • December 23: The day in pictures

    December 23: The day in pictures

  • <p><b>A Bank of America advertisement is seen outside one of its branches in New York</b>
</p><p>
WikiLeaks&#39; next data, release, early next year, is widely expected to center on Bank of America Corp.
</p><p>
WikiLeaks Editor In Chief Julian Assange -- currently under house arrest in England -- touched off a fevered wave of speculation last month, when he disclosed the group would follow up its release of 250,000 diplomatic cables from the US government in November with a look at the financial sector.
</p><p>
Assange has not named BofA as the target of the next release, but he said in a 2009 interview the group has five gigabytes of documents and data from the hard drive of one of the bank&#39;s executives. 
</p><p>

    A Bank of America advertisement is seen outside one of its branches in New York

    WikiLeaks' next data, release, early next year, is widely expected to center on Bank of America Corp.

    WikiLeaks Editor In Chief Julian Assange -- currently under house arrest in England -- touched off a fevered wave of speculation last month, when he disclosed the group would follow up its release of 250,000 diplomatic cables from the US government in November with a look at the financial sector.

    Assange has not named BofA as the target of the next release, but he said in a 2009 interview the group has five gigabytes of documents and data from the hard drive of one of the bank's executives.

  • <p><b>A striker parades with a huge Greek flag in front of riot police guarding the parliament during a demonstration in central Athens </b>
</p><p>
The Greek parliament on Thursday approved a 2011 budget that imposes yet more austerity on the debt-choked nation, hours after thousands took to the streets shouting, &#39;We can&#39;t take it any more.&#39;
</p><p>
The bill targets a budget deficit of 7.4% of GDP next year, down from about 9.4% this year, through more spending cuts and tax increases, in order to put Greece in line with terms of the bailout that saved it from bankruptcy in May.
</p><p>
&#39;We will do whatever it takes to succeed,&#39; Prime Minister George Papandreou told lawmakers just before they started to vote. &#39;We will change this country.&#39;
</p><p>
The budget was approved on a strict party-line vote by the 156 ruling socialist party lawmakers in the 300-strong parliament.
</p>

    A striker parades with a huge Greek flag in front of riot police guarding the parliament during a demonstration in central Athens

    The Greek parliament on Thursday approved a 2011 budget that imposes yet more austerity on the debt-choked nation, hours after thousands took to the streets shouting, 'We can't take it any more.'

    The bill targets a budget deficit of 7.4% of GDP next year, down from about 9.4% this year, through more spending cuts and tax increases, in order to put Greece in line with terms of the bailout that saved it from bankruptcy in May.

    'We will do whatever it takes to succeed,' Prime Minister George Papandreou told lawmakers just before they started to vote. 'We will change this country.'

    The budget was approved on a strict party-line vote by the 156 ruling socialist party lawmakers in the 300-strong parliament.

  • <p><b>A vendor sprays water on vegetables to keep them fresh at a market in Siliguri</b>
</p><p>
The food price index rose 12.13% while the fuel price index climbed 10.74 in the year to December 11, government data on Thursday showed.
</p><p>
In the prior week, annual food and fuel inflation stood at 9.46% and 10.67% respectively.
</p><p>
The primary articles price index was up 15.35% in the latest week compared with an annual rise of 13.25% a week earlier.
</p><p>
The wholesale price index , the most widely watched gauge of prices in India, rose 7.48% in November from a year earlier compared with 8.58% in October.
</p>

    A vendor sprays water on vegetables to keep them fresh at a market in Siliguri

    The food price index rose 12.13% while the fuel price index climbed 10.74 in the year to December 11, government data on Thursday showed.

    In the prior week, annual food and fuel inflation stood at 9.46% and 10.67% respectively.

    The primary articles price index was up 15.35% in the latest week compared with an annual rise of 13.25% a week earlier.

    The wholesale price index , the most widely watched gauge of prices in India, rose 7.48% in November from a year earlier compared with 8.58% in October.

  • <p><b>Fifteen-year-old Saira (C) cuts shirt threads inside a garment factory in Mumbai</b>
</p><p>
The Reserve Bank of India urged commercial banks to continue lending to the microfinance sector, after a crackdown on their activities by Andhra Pradesh 
government curbed collections and new business.
</p><p>
A delegation of banks told the Reserve Bank of India (RBI) on Wednesday that collections in Andhra Pradesh, the hub of the industry, had suffered significantly since October when the state rules came into effect, and warned that the problem showed signs of spreading to other states, an RBI statement said.
</p><p>
The RBI formed a panel in late October in response to the Andhra Pradesh rules. The panel is expected to submit its recommendations by mid-January.
</p>

    Fifteen-year-old Saira (C) cuts shirt threads inside a garment factory in Mumbai

    The Reserve Bank of India urged commercial banks to continue lending to the microfinance sector, after a crackdown on their activities by Andhra Pradesh government curbed collections and new business.

    A delegation of banks told the Reserve Bank of India (RBI) on Wednesday that collections in Andhra Pradesh, the hub of the industry, had suffered significantly since October when the state rules came into effect, and warned that the problem showed signs of spreading to other states, an RBI statement said.

    The RBI formed a panel in late October in response to the Andhra Pradesh rules. The panel is expected to submit its recommendations by mid-January.

  • <p><b>An employee talks to a visitor at the reception desk of the Rio Tinto Limited Shanghai Representative Office in Shanghai </b>
</p><p>
Rio Tinto has agreed to buy Australian-listed coal miner Riversdale in a $3.9 billion friendly deal, which gives the global miner access to key African coking coal assets as demand from China and India soars.
</p><p>
Rio raised its bid to A$16 per share in cash from an indicative offer of A$15 and secured the support of Riversdale&#39;s board. It&#39;s bid is now conditional on receiving over 50% of Riversdale&#39;s shares and gaining the necessary regulatory approvals.
</p><p>
Rio said it had also entered into pre-bid agreements to buy 14.9 per cent of Riversdale shares, including from senior executives, the target&#39;s executive chairman and managing director.
</p><p>
Riversdale owns valuable coking coal assets in Mozambique which Rio said was in line with its strategy of developing large, long-life, low cost assets.</p>

    An employee talks to a visitor at the reception desk of the Rio Tinto Limited Shanghai Representative Office in Shanghai

    Rio Tinto has agreed to buy Australian-listed coal miner Riversdale in a $3.9 billion friendly deal, which gives the global miner access to key African coking coal assets as demand from China and India soars.

    Rio raised its bid to A$16 per share in cash from an indicative offer of A$15 and secured the support of Riversdale's board. It's bid is now conditional on receiving over 50% of Riversdale's shares and gaining the necessary regulatory approvals.

    Rio said it had also entered into pre-bid agreements to buy 14.9 per cent of Riversdale shares, including from senior executives, the target's executive chairman and managing director.

    Riversdale owns valuable coking coal assets in Mozambique which Rio said was in line with its strategy of developing large, long-life, low cost assets.

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