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FRANKFURT (Reuters) - The European Central Bank held its main interest rate at a record low of 0.75 percent on Thursday, maintaining its policy in order to see whether an economic recovery sets in later this year or is derailed by the euro's rise.
The appreciation of the euro to a 14-month peak against the dollar and a 30-month high versus the yen prompted French President Francois Hollande to call on Tuesday for an exchange rate policy to protect the currency from "irrational movements".
The ECB does not have a exchange rate policy target but the currency's rise could slow the euro zone's economic recovery and delay discussion of an exit from the ECB's crisis policy mode.
The ECB left its main interest rate on hold for the seventh month running. It also left the interest rate on its deposit facility at 0.0 percent and held its marginal lending facility - or emergency borrowing rate - at 1.50 percent.
(Writing by Paul Carrel. Editing by Jeremy Gaunt.)
Source: http://news.yahoo.com/ecb-holds-rates-waiting-recovery-hold-124858687--business.html
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French pianist Richard Clayderman plays the piano to Galapagos tortoises Dirk, aged 70, and Polly, in an attempt to put the reptiles in the mood to mate, at London zoo, Thursday Feb. 7, 2013. (AP Photo/PA, Lewis Whyld) UNITED KINGDOM OUT NO SALES NO ARCHIVE
French pianist Richard Clayderman plays the piano to Galapagos tortoises Dirk, aged 70, and Polly, in an attempt to put the reptiles in the mood to mate, at London zoo, Thursday Feb. 7, 2013. (AP Photo/PA, Lewis Whyld) UNITED KINGDOM OUT NO SALES NO ARCHIVE
LONDON (AP) ? No wonder they're endangered.
Galapagos tortoises at London's zoo lumbered around impassively as famous French pianist Richard Clayderman serenaded them with music from his latest album, "Romantique," on Thursday.
The music ? billed by his record company as an attempt to put the reptiles in the mood to mate ? appeared lost on the slow-moving giants. The tortoises didn't appear particularly impressed by Clayderman's hit, "Ballade pour Adeline," and even a rousing rendition of "Chariots of Fire" did little to lift their spirits.
They only seemed to perk up when zookeepers brought them some carrots.
Galapagos tortoises are the largest in the world and can live for over 150 years. But the gentle animals have struggled to fend off predators and are now under threat.
Clayderman said that his golden retriever loved to lie by the piano when he was playing, "so maybe it's good for the animals to listen to music."
Maybe. But it's possible tortoises just don't appreciate what Clayderman has described as his "New Romantic" style.
Clayderman himself seemed a bit bemused by his record company's launch stunt.
"After playing all around the world ? I used to do concerts in Asia, in South America, in Europe ? it's funny to be here, in this very nice zoo," he said.
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10 drops on April 2, ahead of the group's Package Tour with 98 Degrees and Boyz II Men.
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TAIPEI, Taiwan (AP) ? As Indiana Jones might say: Why did it have to be the Year of the Snake?
When the Chinese-speaking world ushers in its new year on Sunday, its 12-year zodiac will turn from the dragon to one of the world's most despised animals. As undeserved as the snake's reputation might be, its last two years did not go so well: 2001 was the year of the Sept. 11 attacks and 1989 was when Chinese forces crushed pro-democracy protests around Beijing's Tiananmen Square.
Some wonder if this one also could hold bad tidings. "In Chinese mythology, snakes were often associated with monsters, or with incarnations of monsters, so some political turbulence can be expected," said Taiwanese astrologer Tsai Shang-chi.
Chinese New Year remains the most important festival in the region, a weeklong round of family reunions, temple visits and gastronomic excess. It is Mardi Gras, Christmas and the Fourth of July rolled into one, marked by the clacking of mahjong tiles and explosions of firecrackers. With businesses and markets hermetically closed, it brings a rare calm to the otherwise frenetic pace of what is arguably the world's most dynamic economic region.
In China, some couples have apparently been trying to schedule their pregnancies to avoid having children born during the snake year, in contrast to the coveted Year of the Dragon.
In Beijing, a manager with the government office that arranges appointments with obstetricians said there was a noticeable drop in appointment requests compared to those received as the Year of the Dragon approached, though she offered no firm statistics. She spoke on condition of anonymity because she was not authorized to speak to the press.
For souvenir makers, snakes have been a tough sell.
"Last year, our business was a lot better, because everybody loves the dragon, whatever his or her animal sign," said Lin Peixiang, who owns the Beixiang Souvenir Factory in the city of Wenzhou. "This year, business is a lot worse, because only those born in the year of the snake love the animal. The snake sign is a symbol of fear. People get scared when they see or hear the snake."
But if many fear the snake, some astrologers and masters of feng shui, the Chinese art of arranging objects and choosing dates to improve luck, also see good signs for 2013.
Hong Kong feng shui master Raymond Lo is trying to put a positive spin on the year. He points out that according to astrological tables, this year's variety is the relatively mild "morning dew" type of common water snake, less venomous than recent predecessors.
"It's more moderate, humble and patient," Lo said of the 2013 snake. He added that he is bullish on the year's prospects for the world as a whole, and sees good opportunities for economic growth.
Still, Lo said, people should probably take precautions against the snake's traditionally destructive power, perhaps by wearing monkey pendants around their necks. That goes double for anyone born in a year of the snake, he said, like incoming Chinese leader Xi Jinping. Xi's 1953 birth coincided with the final convulsions of the Korean War.
"The monkey is the only animal that really knows how to handle the snake," Lo said.
Tsai is also largely upbeat on the new Chinese year. He believes much-needed liquidity will be injected into struggling world economies, and that babies born over the next 12 months will be both self-motivated and agile.
On the down side, he warned, there could also be massive flooding and tsunamis.
The New Year's season is implacably festive, and people have been out in force in cities across the region in recent days, stocking up on provisions and traditional new year symbols.
In Taipei, revelers were particularly enamored of snake-shaped paper lanterns supplied by the municipal government, as well as coins imprinted with snake logos and snake-like toys thought to bring good luck.
At the Temple of White Snakes in suburban Taoyuan county, director Lo Chin-shih presided over a glass-encased display of dozens of slithering snakes, replete with flashing pink tongues and slowly molting skin, a symbol of change, renewal and hope for a better future.
Lo said this snake year will be a time of steady progress, in contrast to the more turbulent nature of the outgoing dragon year.
"Unlike dragons that make abrupt, attention-getting moves, snakes take slow and steady steps," he said, making it clear he considers the hiss of the Year of the Snake worse than its bite.
___
Annie Ho and K.M. Chan in Hong Kong and researcher Zhao Liang in Beijing contributed to this report.
Source: http://news.yahoo.com/chinese-world-worries-snake-may-bite-062719651.html
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