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<item>
    <title><![CDATA[EU risks "too big to cooperate" bank supervision]]></title>
    <description><![CDATA[The role of the European Banking Authority must be beefed up beyond current plans to ensure that regulation of Europe&#039;s banks does not fragment into two competing systems, one of the architects of the reforms told a public hearing on Friday.]]></description>
    <guid>http://au.ibtimes.com/articles/470984/20130524/eu-risks-too-big-to-cooperate-bank-supervision.htm</guid>
    <link>http://au.ibtimes.com/articles/470984/20130524/eu-risks-too-big-to-cooperate-bank-supervision.htm</link>
    <pubDate>Fri, 24 May 2013 22:00:07 +1000</pubDate>
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<item>
    <title><![CDATA[IMF&#039;s Lagarde questioned over French arbitration case]]></title>
    <description><![CDATA[IMF chief Christine Lagarde was questioned in court by French magistrates on Thursday over her role in a 285-million-euro (242 million pounds) arbitration payment made to a supporter of former president Nicolas Sarkozy.]]></description>
    <guid>http://au.ibtimes.com/articles/470709/20130524/imfs-lagarde-questioned-over-french-arbitration-case.htm</guid>
    <link>http://au.ibtimes.com/articles/470709/20130524/imfs-lagarde-questioned-over-french-arbitration-case.htm</link>
    <pubDate>Fri, 24 May 2013 06:14:03 +1000</pubDate>
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<item>
    <title><![CDATA[IMF Chief Christine Lagarde Quizzed over Settlement Scandal with Tycoon Bernard Tapie]]></title>
    <description><![CDATA[Former minister appears before Paris court over controversial 2008 arbitration deal that ruled against Credit Lyonnaise.]]></description>
    <guid>http://au.ibtimes.com/articles/470533/20130523/lagarde-imf-paris-court-tapie.htm</guid>
    <link>http://au.ibtimes.com/articles/470533/20130523/lagarde-imf-paris-court-tapie.htm</link>
    <pubDate>Thu, 23 May 2013 22:25:12 +1000</pubDate>
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<item>
    <title><![CDATA[Britain&#039;s Economy Grows in Q1 in Line with Forecast]]></title>
    <description><![CDATA[Office for National Statistics data shows UK economy expanded by 0.3%.]]></description>
    <guid>http://au.ibtimes.com/articles/470465/20130523/uk-gdp-q-0-3-imf-growth.htm</guid>
    <link>http://au.ibtimes.com/articles/470465/20130523/uk-gdp-q-0-3-imf-growth.htm</link>
    <pubDate>Thu, 23 May 2013 20:20:59 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Portuguese leaders build faith in bailout exit]]></title>
    <description><![CDATA[President Anibal Cavaco Silva thanked Portugal&#039;s patron saint for a long-delayed approval of Lisbon&#039;s bailout review last week, but the head of state could claim a share of the credit for himself.]]></description>
    <guid>http://au.ibtimes.com/articles/470434/20130523/portuguese-leaders-build-faith-in-bailout-exit.htm</guid>
    <link>http://au.ibtimes.com/articles/470434/20130523/portuguese-leaders-build-faith-in-bailout-exit.htm</link>
    <pubDate>Thu, 23 May 2013 18:21:02 +1000</pubDate>
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<item>
    <title><![CDATA[IMF&#039;s Lagarde in court for French arbitration case]]></title>
    <description><![CDATA[IMF chief Christine Lagarde arrived in court on Thursday to be questioned by a French magistrate over her role in a 285-million-euro ($366 million) arbitration payment made to a supporter of former president Nicolas Sarkozy.]]></description>
    <guid>http://au.ibtimes.com/articles/470417/20130523/imfs-lagarde-in-court-for-french-arbitration-case.htm</guid>
    <link>http://au.ibtimes.com/articles/470417/20130523/imfs-lagarde-in-court-for-french-arbitration-case.htm</link>
    <pubDate>Thu, 23 May 2013 17:07:02 +1000</pubDate>
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<item>
    <title><![CDATA[In Australia, It’s Rinehart Who is The Most Powerful Woman, Not Gillard, Forbes World’s 100 Most Powerful Women]]></title>
    <description><![CDATA[Being a country&#039;s topmost political leader does not necessarily equate to being most powerful. In Australia, Julia Gillard may be the Prime Minister, but is it Gina Rinehart who is the most powerful woman of Australia, according to Forbes magazine&#039;s annual list of 100 most powerful women around the world.]]></description>
    <guid>http://au.ibtimes.com/articles/470331/20130523/rinehart-gillard-obama-oprah-beyonce-jolie-merkell.htm</guid>
    <link>http://au.ibtimes.com/articles/470331/20130523/rinehart-gillard-obama-oprah-beyonce-jolie-merkell.htm</link>
    <pubDate>Thu, 23 May 2013 12:59:18 +1000</pubDate>
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    <title><![CDATA[Ireland says working on new post-bailout economic plan]]></title>
    <description><![CDATA[Ireland&#039;s finance minister said on Wednesday he planned to issue a long-term economic plan aimed at keeping the country on track after the strictures imposed by a bailout are removed next year.]]></description>
    <guid>http://au.ibtimes.com/articles/470222/20130523/ireland-says-working-on-new-post-bailout-economic-plan.htm</guid>
    <link>http://au.ibtimes.com/articles/470222/20130523/ireland-says-working-on-new-post-bailout-economic-plan.htm</link>
    <pubDate>Thu, 23 May 2013 06:07:03 +1000</pubDate>
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<item>
    <title><![CDATA[IMF urges UK to spend more to fund investment]]></title>
    <description><![CDATA[Britain&#039;s government should spend more now to fund investment and steer its economy back to recovery, the International Monetary Fund said on Wednesday, a call unlikely to be heeded by chancellor George Osborne.]]></description>
    <guid>http://au.ibtimes.com/articles/470122/20130523/imf-urges-uk-to-spend-more-to-fund-investment.htm</guid>
    <link>http://au.ibtimes.com/articles/470122/20130523/imf-urges-uk-to-spend-more-to-fund-investment.htm</link>
    <pubDate>Thu, 23 May 2013 01:21:02 +1000</pubDate>
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<item>
    <title><![CDATA[Egyptian factories, hit by subsidy cuts, highlight Cairo&#039;s fiscal dilemma]]></title>
    <description><![CDATA[Hundreds of soot-stained factory chimneys dot the horizon in the industrial city of al-Saff, south of Cairo, but only a few spew black smoke.]]></description>
    <guid>http://au.ibtimes.com/articles/470092/20130523/egyptian-factories-hit-by-subsidy-cuts-highlight-cairos-fiscal-dilemma.htm</guid>
    <link>http://au.ibtimes.com/articles/470092/20130523/egyptian-factories-hit-by-subsidy-cuts-highlight-cairos-fiscal-dilemma.htm</link>
    <pubDate>Thu, 23 May 2013 00:35:02 +1000</pubDate>
</item>
<item>
    <title><![CDATA[New Blow for Osborne as IMF Warns Austerity is Stunting UK Economy]]></title>
    <description><![CDATA[IMF concludes UK visit by warning George Osborne: &#039;Slow growth could permanently damage medium-term growth prospects.&#039;]]></description>
    <guid>http://au.ibtimes.com/articles/470051/20130522/imf-uk-growth-forecast-george-osborne-austerity.htm</guid>
    <link>http://au.ibtimes.com/articles/470051/20130522/imf-uk-growth-forecast-george-osborne-austerity.htm</link>
    <pubDate>Wed, 22 May 2013 23:07:07 +1000</pubDate>
</item>
<item>
    <title><![CDATA[IMF&#039;s Lagarde to be quizzed in French arbitration case]]></title>
    <description><![CDATA[IMF chief Christine Lagarde will be questioned by a French magistrate on Thursday over her role in a 285-million-euro  (242 million pounds) arbitration payment made to a supporter of former president Nicolas Sarkozy.]]></description>
    <guid>http://au.ibtimes.com/articles/470041/20130522/imfs-lagarde-to-be-quizzed-in-french-arbitration-case.htm</guid>
    <link>http://au.ibtimes.com/articles/470041/20130522/imfs-lagarde-to-be-quizzed-in-french-arbitration-case.htm</link>
    <pubDate>Wed, 22 May 2013 22:42:02 +1000</pubDate>
</item>
<item>
    <title><![CDATA[IMF urges Britain to do more to boost growth]]></title>
    <description><![CDATA[The International Monetary Fund called on Britain&#039;s government on Wednesday to do more to speed up slow economic recovery, hinting that the country might be able to afford to borrow more to fund investment.]]></description>
    <guid>http://au.ibtimes.com/articles/469993/20130522/imf-urges-britain-to-do-more-to-boost-growth.htm</guid>
    <link>http://au.ibtimes.com/articles/469993/20130522/imf-urges-britain-to-do-more-to-boost-growth.htm</link>
    <pubDate>Wed, 22 May 2013 21:14:03 +1000</pubDate>
</item>
<item>
    <title><![CDATA[UK Deficit Drop Bolsters Chancellor George Osborne]]></title>
    <description><![CDATA[ONS data shows deficit falling faster than forecast by Office for Budget Responsibility.]]></description>
    <guid>http://au.ibtimes.com/articles/469979/20130522/uk-deficit-george-osborne-ons-economy-growth.htm</guid>
    <link>http://au.ibtimes.com/articles/469979/20130522/uk-deficit-george-osborne-ons-economy-growth.htm</link>
    <pubDate>Wed, 22 May 2013 20:34:30 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Cyprus central bank sees &#039;substantial&#039; risks to economy]]></title>
    <description><![CDATA[Cyprus faces substantial risks to its economic outlook and a forecast recession could be deeper than forecast, its central bank governor said in a prepared speech on Wednesday.]]></description>
    <guid>http://au.ibtimes.com/articles/469967/20130522/cyprus-central-bank-sees-substantial-risks-to-economy.htm</guid>
    <link>http://au.ibtimes.com/articles/469967/20130522/cyprus-central-bank-sees-substantial-risks-to-economy.htm</link>
    <pubDate>Wed, 22 May 2013 20:00:04 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Impoverished Malawi sells presidential jet for $15 million]]></title>
    <description><![CDATA[Malawi&#039;s luxury presidential jet, bought by late leader Bingu wa Mutharika, has been sold for $15 million to raise cash for the impoverished African country, a government official said on Wednesday.]]></description>
    <guid>http://au.ibtimes.com/articles/469961/20130522/impoverished-malawi-sells-presidential-jet-for-15-million.htm</guid>
    <link>http://au.ibtimes.com/articles/469961/20130522/impoverished-malawi-sells-presidential-jet-for-15-million.htm</link>
    <pubDate>Wed, 22 May 2013 19:49:02 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Plunge in retail sales points to fragile economy]]></title>
    <description><![CDATA[British retail sales dropped at their sharpest pace in a year last month, a reminder of weakness in the country&#039;s economy after some recent signs of recovery.]]></description>
    <guid>http://au.ibtimes.com/articles/469957/20130522/plunge-in-retail-sales-points-to-fragile-economy.htm</guid>
    <link>http://au.ibtimes.com/articles/469957/20130522/plunge-in-retail-sales-points-to-fragile-economy.htm</link>
    <pubDate>Wed, 22 May 2013 19:42:03 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Ireland rejects blame for Apple&#039;s low tax rate]]></title>
    <description><![CDATA[Ireland said on Tuesday it was not to blame for Apple Inc&#039;s low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.]]></description>
    <guid>http://au.ibtimes.com/articles/469612/20130522/ireland-rejects-blame-for-apples-low-tax-rate.htm</guid>
    <link>http://au.ibtimes.com/articles/469612/20130522/ireland-rejects-blame-for-apples-low-tax-rate.htm</link>
    <pubDate>Wed, 22 May 2013 00:42:01 +1000</pubDate>
</item>
<item>
    <title><![CDATA[UK says on right track as IMF review nears]]></title>
    <description><![CDATA[Britain stood its ground on its approach to fixing the weak economy on Tuesday, a day before the International Monetary Fund is expected to call for a softening of its austerity push.]]></description>
    <guid>http://au.ibtimes.com/articles/469597/20130522/uk-says-on-right-track-as-imf-review-nears.htm</guid>
    <link>http://au.ibtimes.com/articles/469597/20130522/uk-says-on-right-track-as-imf-review-nears.htm</link>
    <pubDate>Wed, 22 May 2013 00:00:04 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Ireland says not to blame for Apple&#039;s low tax rate]]></title>
    <description><![CDATA[Ireland said on Tuesday it was not to blame for Apple Inc&#039;s low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits stashed in Irish subsidiaries.]]></description>
    <guid>http://au.ibtimes.com/articles/469498/20130521/ireland-says-not-to-blame-for-apples-low-tax-rate.htm</guid>
    <link>http://au.ibtimes.com/articles/469498/20130521/ireland-says-not-to-blame-for-apples-low-tax-rate.htm</link>
    <pubDate>Tue, 21 May 2013 20:49:02 +1000</pubDate>
</item>
<item>
    <title><![CDATA[IMF says Washington cutting budget deficits too quickly]]></title>
    <description><![CDATA[The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution&#039;s bluntest criticism yet of Washington&#039;s rush to cut its budget deficit.]]></description>
    <guid>http://au.ibtimes.com/articles/469256/20130521/imf-says-washington-cutting-budget-deficits-too-quickly.htm</guid>
    <link>http://au.ibtimes.com/articles/469256/20130521/imf-says-washington-cutting-budget-deficits-too-quickly.htm</link>
    <pubDate>Tue, 21 May 2013 06:21:02 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Top 10 Biggest Economic Losses from Natural Catastrophes Since 1980 [SLIDESHOW]]]></title>
    <description><![CDATA[IBTimes UK looks at the world&#039;s most costliest natural hazards since 1980 following the UNISDR and PwC report]]></description>
    <guid>http://au.ibtimes.com/articles/469006/20130520/catastrophe-risks-costs-pwc-imf-hurricane-storms.htm</guid>
    <link>http://au.ibtimes.com/articles/469006/20130520/catastrophe-risks-costs-pwc-imf-hurricane-storms.htm</link>
    <pubDate>Mon, 20 May 2013 17:26:03 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Most European Markets Gain on Positive Global Growth Outlook]]></title>
    <description><![CDATA[European markets follow the Asian peers and rise in early trades.]]></description>
    <guid>http://au.ibtimes.com/articles/468990/20130520/europe-markets-david-cameroon-central-banks.htm</guid>
    <link>http://au.ibtimes.com/articles/468990/20130520/europe-markets-david-cameroon-central-banks.htm</link>
    <pubDate>Mon, 20 May 2013 17:12:24 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Charts in Focus: Global Catastrophe Risks and Costs]]></title>
    <description><![CDATA[IBTimes UK takes a look at the UN International Strategy for Disaster Reduction (UNISDR) and PwC report highlights]]></description>
    <guid>http://au.ibtimes.com/articles/468983/20130520/catastrophe-risks-costs-pwc-imf-hurricane-storms.htm</guid>
    <link>http://au.ibtimes.com/articles/468983/20130520/catastrophe-risks-costs-pwc-imf-hurricane-storms.htm</link>
    <pubDate>Mon, 20 May 2013 16:43:06 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Businesses Face Billions in Natural Disaster Economic Losses]]></title>
    <description><![CDATA[UN and PwC warn businesses are systemically vulnerable to mass economic losses due to natural hazards as trade becomes more international]]></description>
    <guid>http://au.ibtimes.com/articles/468976/20130520/catastrophe-risks-costs-pwc-imf-hurricane-storms.htm</guid>
    <link>http://au.ibtimes.com/articles/468976/20130520/catastrophe-risks-costs-pwc-imf-hurricane-storms.htm</link>
    <pubDate>Mon, 20 May 2013 16:11:46 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Asian Markets Weekly Update: Broad Gains in Asia While Nikkei Breaches 15,000 Mark]]></title>
    <description><![CDATA[The US dollar hit a new high versus the yen at the end of the week, its highest since October 2008.]]></description>
    <guid>http://au.ibtimes.com/articles/468646/20130518/asia-markets-nikkei-yen-dollar-fed-ben.htm</guid>
    <link>http://au.ibtimes.com/articles/468646/20130518/asia-markets-nikkei-yen-dollar-fed-ben.htm</link>
    <pubDate>Sat, 18 May 2013 16:15:29 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Risks for Cyprus are &#039;unusually high&#039;, adoption of austerity plan imperative: IMF]]></title>
    <description><![CDATA[The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island&#039;s full adoption of an economic austerity plan was imperative.]]></description>
    <guid>http://au.ibtimes.com/articles/468569/20130518/risks-for-cyprus-are-unusually-high-adoption-of-austerity-plan-imperative-imf.htm</guid>
    <link>http://au.ibtimes.com/articles/468569/20130518/risks-for-cyprus-are-unusually-high-adoption-of-austerity-plan-imperative-imf.htm</link>
    <pubDate>Sat, 18 May 2013 00:35:03 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Mark Carney &#039;will Start BoE Governorship with Mistakes&#039;]]></title>
    <description><![CDATA[UBS economist Amit Kara tells ACCA debate that Mark Carney&#039;s Bank of England will get off to bad start in July.]]></description>
    <guid>http://au.ibtimes.com/articles/468526/20130517/mark-carney-bank-england-inflation-interest-rate.htm</guid>
    <link>http://au.ibtimes.com/articles/468526/20130517/mark-carney-bank-england-inflation-interest-rate.htm</link>
    <pubDate>Fri, 17 May 2013 21:58:06 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Central banks saved world economy, now beware the fallout - IMF]]></title>
    <description><![CDATA[Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spillovers and potentially heavy losses when the time comes to reverse course, the IMF said on Thursday.]]></description>
    <guid>http://au.ibtimes.com/articles/468319/20130517/central-banks-saved-world-economy-now-beware-the-fallout-imf.htm</guid>
    <link>http://au.ibtimes.com/articles/468319/20130517/central-banks-saved-world-economy-now-beware-the-fallout-imf.htm</link>
    <pubDate>Fri, 17 May 2013 07:49:03 +1000</pubDate>
</item>
<item>
    <title><![CDATA[Europe banks hesitate to join rush for new share capital]]></title>
    <description><![CDATA[A wave of investor demand that has allowed Deutsche Bank and two other lenders to raise six billion euros (5 billion pounds)in new share capital in the past month is unlikely to prompt other European banks to go to their shareholders for more cash.]]></description>
    <guid>http://au.ibtimes.com/articles/468169/20130516/europe-banks-hesitate-to-join-rush-for-new-share-capital.htm</guid>
    <link>http://au.ibtimes.com/articles/468169/20130516/europe-banks-hesitate-to-join-rush-for-new-share-capital.htm</link>
    <pubDate>Thu, 16 May 2013 20:28:02 +1000</pubDate>
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