AP - Oil prices skidded below $74 a barrel Wednesday in Asia as crude traders followed regional stocks down on reports European banks may be saddled with more debt than previously estimated.
Reuters - Asian stocks fell on Wednesday, with Japan's big exporters among the heaviest losers as a rise in the yen to a new 15-year high threatens to erode their overseas earnings.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
AP - 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.
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."
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.
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.
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.
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.
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.
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.
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.
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.
Reuters - Tax cuts should be extended for all Americans to help spur the economy, but even the middle-class cuts should end in two years, former U.S. budget director Peter Orszag said on Tuesday.
AP - Digital River Inc. on Tuesday said that it has bought online software and book retailer Journey Education Marketing Inc. for an undisclosed amount.
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.
Reuters - The top U.S. securities regulator said on Tuesday that the follow-up report on what might have caused the May "flash crash" is expected by the end of September.
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. ...
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.