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Source Match International News

Japan's intervention hints fail to stop yen rally (Reuters)

Reuters - Japan's government sharpened its rhetoric on foreign exchange intervention on Wednesday as a rise in the yen to a 15-year high underlined concerns that the currency's strength could threaten the economic recovery.

Mexico: 2 bodies likely massacre investigators (AP)

Morgue workers unload a coffin with the writing AP - Mexican prosecutors say two dead bodies found in the northern state of Tamaulipas appear to be those of a state detective and local police chief who were investigating the massacre of 72 migrants in August.


Fragile Australian government hit by wrangling (AFP)

Australian Prime Minister Julia Gillard finally secured enough independents to form the new government at Parliament House in Canberra. Gillard pledged to serve a full term after scraping back into power but her fragile coalition was immediately at odds over a major new tax Wednesday.(AFP/Torsten Blackwood)AFP - Australia's newly elected Prime Minister Julia Gillard pledged to serve a full term after scraping back into power but her fragile coalition was immediately at odds over a major new tax Wednesday.


Gunmen burst into factory in Honduras, kill 18 (AP)

Relatives of people killed in a shoe factory embrace near the factory in San Pedro Sula, Honduras, Tuesday Sept. 7, 2010. Men armed with assault rifles opened fire in a shoe factory, killing at least 15 workers and wounding eight, according to Honduran authorities.  (AP Photo)AP - Men armed with assault rifles burst into a shoe factory and opened fire Tuesday, killing at least 18 workers and wounding five, Honduran authorities said.


Book blames Churchill for Indian famine that killed millions (AFP)

In this photograph taken in 1943, then British prime minister Winston Churchill flashes his famous V-sign to the crowd outside 10 Downing Street in London, after returning from a journey to Washington. Churchill deliberately let millions of Indians starve to death, the author of a new book claims, alleging he was motivated in part by racial hatred.(AFP/File)AFP - British prime minister Winston Churchill deliberately let millions of Indians starve to death, the author of a new book has claimed, alleging he was motivated in part by racial hatred.


Foster's rebuffs $2.5 billion offer for wine (Reuters)

Reuters - Foster's Group Ltd , Australia's largest brewer, has rejected a private equity offer worth up to $2.5 billion for its wine unit as too cheap and plans to continue with the split of its beer and wine businesses.

34 rescued from China oil platform accident (AP)

AP - Emergency teams with helicopters rescued 34 workers Wednesday from an oil drilling platform that was leaning dangerously in the East China Sea after a storm, and searched for two others still missing, officials said.

China calls in Japan envoy over boat collision (AP)

AP - Diplomatic tensions between China and Japan escalated Wednesday when Beijing called in Japan's ambassador after a Chinese fishing boat collided with two Japanese patrol vessels near a chain of disputed islands and Tokyo arrested the boat's captain.

Congress Republicans wary of Obama economy plan (Reuters)

FILE - In this July 21, 2010 file photo, President Barack Obama shakes hands with Sen. Blanche Lincoln, D-Ark. in Washington. The days of Barack Obama traipsing the country in freewheeling campaign mode — with sky-high popularity serving as an asset to all Democratic candidates — are long over. And the White House knows it. (AP Photo/Charles Dharapak, File)Reuters - Republicans in Congress showed little willingness to help President Barack Obama approve billions of dollars in measures to boost the economy with midterm elections less than two months away.


Floods leave tens of thousands homeless in Mexico (AP)

People use a make-shift boat to cross a flooded avenue in Villahermosa in Mexico's Tabasco state, Tuesday Sept. 7, 2010.  Weeks of torrential rains have unleashed flooding in huge swaths of southern Mexico, forcing tens of thousands of people from their homes. (AP Photo/America Rocio)AP - Weeks of torrential rains have unleashed flooding in huge swaths of southern Mexico, forcing tens of thousands of people from their homes.


UN reports over 500 rapes in eastern Congo (AP)

Atul Khare, under secretary general for peacekeeping operations, pictured in 2007, said UN troops failed the women and child victims of mass rape attacks in eastern Democratic Republic of Congo in early August.(AFP/File/Adek Berry)AP - The United Nations reported Tuesday that more than 500 systematic rapes were committed by armed combatants in eastern Congo since late July — more than double the number previously reported — and accepted partial responsibility for not protecting citizens.


Big aftershock freshly damages New Zealand city (AP)

New Zealand's Prime Minister John Key, left, speaks to owner Michael Oakley during a visit to a destroyed potato farm in Darfield as he tours earthquake effected areas near Christchurch, New Zealand, Wednesday, Sept. 8, 2010. Key inspected smashed buildings, cracked roads and spoke to residents near the earthquake epicenter. The weekend's powerful 7.1-magnitude quake smashed buildings and homes, wrecked roads and disrupted the central city, though nobody was killed and only two people were seriously injured, which authorities attributed to good building codes and the quake's early-morning timing.  (AP Photo/Rob Griffith)AP - A magnitude-5.1 aftershock hammered New Zealand's earthquake-hit city of Christchurch on Wednesday morning, freshly damaging buildings, sparking evacuations and prompting the extension of a state of emergency for another week.


HP sues to stop ex-CEO Hurd joining Oracle (Reuters)

US computer titan Hewlett-Packard filed a complaint against former chief executive Mark Hurd, pictured in 2007, on Tuesday, a day after he was named a co-president at US business software giant Oracle.(AFP/Getty Images/File/Justin Sullivan)Reuters - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."


Obama's Proposals More About Politics Than The Economy (Investor's Business Daily)

Investor's Business Daily - If there was any chance President Obama would move to extend the upper-income Bush tax cuts before the midterm elections, it likely died over the weekend.

Flow International posts small 1Q loss (AP)

AP - Flow International Corp., a maker of industrial waterjet machines for cutting and cleaning, nearly washed away a first-quarter loss.

EU decries 'barbaric' plans to stone Iranian woman (AP)

FILE - This undated file image made available by Amnesty International in London on Thursday, July 8, 2010, shows Sakineh Mohammadi Ashtiani, a mother of two who was sentenced to death by stoning in Iran on charges of adultery. Ashtiani is now facing a new punishment of 99 lashes because a British newspaper ran a picture of an unveiled woman mistakenly identified as her, the woman's son said Monday. (AP Photo/Amnesty International, File)** EDITORIAL USE ONLY NO SALES**AP - The international crossfire over Iran's stoning sentence for a woman convicted of adultery intensified Tuesday with a top European Union official calling it "barbaric" and an Iranian spokesman saying it's about punishing a criminal and not a human rights issue.


Banging a Drum for the MDG Summit (OneWorld.net)

OneWorld.net - NEW YORK, Sep 7 (IRIN) - Activists are pulling out all the stops ahead of a development summit at UN headquarters on 20-22 September. Pro-aid and anti-poverty lobbyists are trying everything from giant letters to banging pans to raise awareness of the high-level event.

Iraqi soldier fires on US troops, kills 2 (AP)

A US soldier watches a change of command ceremony in Baghdad. US and Iraqi forces opened an investigation on Wednesday after two American soldiers were gunned down by an Iraqi comrade following an argument over a sports match.(AFP/File/Ahmad al-Rubaye)AP - An Iraqi soldier fired a barrage of bullets at American troops protecting one of their commanders during a visit to an Iraqi army base Tuesday and killed two of them, the first U.S. servicemen to die since President Barack Obama declared an end to combat operations in the country last week.


U.S. offensive expected in home district of Afghan Taliban leader (McClatchy Newspapers)

McClatchy Newspapers - ASHEQUE, Afghanistan — Zhari, the birthplace of the Taliban movement and once again a major stronghold of the Taliban insurgency, looks set to become a battle zone where some 2,400 U.S. troops will lead an attempt to reclaim the region for the Afghan government.

IAEA report: What's driving Iran's latest bout of nuclear obstinacy (The Christian Science Monitor)

The Christian Science Monitor - Iran reacted angrily Tuesday to charges from the United Nations nuclear watchdog that it was hindering an investigation of its nuclear programs by blocking experienced inspectors, and limiting access and design information.

Market falls amid European bank worries (Reuters)

Traders work on the floor of the New York Stock Exchange, August 30, 2010. REUTERS/Brendan McDermidReuters - U.S. stocks fell in very light volume on Tuesday as investors seized on renewed concerns about European banks as a reason to sell shares after strong gains last week.


Gov't launches plan to help "underwater" borrowers (AP)

In this Aug. 8, 2010 photo shows a foreclosure sign in front of a home in Los Angeles, Calif. The Obama administration is trying to jump-start its sputtering plan to tackle the foreclosure crisis with an effort to assist up to 1.5 million homeowners who owe more on their properties than their homes are worth. (AP Photo/Paul Sakuma)AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.


Post-holiday pump prices should slide (AP)

An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, Iraq. Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) has said.(AFP/File/Essam -al-Sudani)AP - Motorists should see pump prices slide again after spending a little more to fill their tanks over the Labor Day weekend.


Suddenly, a raft of tax-break proposals from Obama (AP)

U.S. President Barack Obama attends the Milwaukee Laborfest event in Wisconsin to celebrate Labor Day September 6, 2010.  REUTERS/Larry DowningAP - President Barack Obama's proposed tax breaks for business sound like ideas that have enjoyed broad Republican backing in the past. But in today's toxic political atmosphere, he's unlikely to get much — if any — GOP help.


Bullish or Bearish? The World's Greatest Investors Debate. (The Motley Fool)

The Motley Fool - The bears and bulls were battling as ferociously as ever over the past month. Let's dive right into the debate, through the words of some of the world's greatest investors.

Sinochem approaches Temasek on Potash bid (Reuters)

Reuters - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp , the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.

Digital River buys Journey Education Marketing (AP)

AP - Digital River Inc. on Tuesday said that it has bought online software and book retailer Journey Education Marketing Inc. for an undisclosed amount.

Financial Sheriffs to Monitor Banks, Markets in European Union (Time.com)

Time.com - A trio of financial sheriffs will oversee finance in the entire European market

Financial Sheriffs to Monitor Banks, Markets in European Union (Time.com)

Time.com - A trio of financial sheriffs will oversee finance in the entire European market

Uganda: Democratic Reform and Security Top U.S. Agenda (Time.com)

Time.com - Pushing for electoral reform is tricky when the strongman in power is also a key ally against extremist violence

EU OKs new financial supervision deal (AP)

From left, European Central Bank President Jean Claude Trichet, Belgian Finance Minister Didier Reynders, and Spanish Finance Minister Elena Salgado speak during a meeting of EU finance ministers at the EU Council building in Brussels on Tuesday, Sept. 7, 2010. European finance ministers meet Tuesday to discuss taxes on banks. (AP Photo/Virginia Mayo)AP - European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.


NYSE August US equity trading volume up 30 percent (AP)

AP - NYSE Euronext said Tuesday the trading volume for equity and derivative produces rose significantly in August, pushed up by a spike in U.S. equity trading.

The Treasury's New Research Office (BusinessWeek)

BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...

China tells state companies to explore Potash bid (Reuters)

Reuters - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
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