 TOKYO/SEOUL (Reuters) - Global policymakers held an emergency conference call on Sunday to discuss the twin debt crises in Europe and the United States that are causing market turmoil and stoking fears of the rich world sliding back into recession. | |
 KABUL (Reuters) - Foreign forces in Afghanistan were investigating on Sunday the crash of a helicopter believed to have been shot down, killing 30 U.S. soldiers, seven Afghans and an interpreter in the deadliest single incident for foreign troops in a decade of war. | |
 NEW YORK (Reuters) - The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday in an unprecedented blow to the world's largest economy in the wake of a political battle that took the country to the brink of default. | |
| G20 deputies to hold crisis call Saturday: Brazil Sat,6 Aug 2011 10:35 AM PDT Reuters - BRASILIA (Reuters) - Deputy finance ministers from the Group of 20 leading economic powers will hold a conference call on Saturday to discuss the crises in Europe and the United States, a Brazilian finance ministry official said. Full Story | |
 SANAA (Reuters) - Yemen's president Ali Abdullah Saleh will leave hospital soon, a government source said on Saturday, as clashes between his loyalists and opponents flared in the capital he left when protests against his rule turned into open warfare. | |
 PARIS (Reuters) - Finance ministers and central bankers of the Group of Seven major industrialized nations will confer by telephone on turmoil in the financial markets later on Saturday or on Sunday, a senior European diplomatic source said. | |
 WASHINGTON (Reuters) - The path to a debt deal took too long and was too divisive, and lawmakers must now work together to strengthen the country's fiscal position and spur growth, White House spokesman Jay Carney said on Saturday. | |
 CHICAGO (Reuters) - Federal criminal investigations into failed mortgage lenders IndyMac Bancorp and New Century Financial Corp have stalled, the Wall Street Journal reported on Saturday. | |
 MOGADISHU (Reuters) - Somali President Sheikh Sharif Ahmed said on Saturday his military had defeated Islamist rebels battling to overthrow his Western-backed government after the al Shabaab group began withdrawing fighters from the capital Mogadishu. | |
 HONG KONG (Reuters) - The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday, though any selling in response to ratings agency S&P's downgrade of the United States is likely to be tempered by the escalating crisis in the euro zone. | |
 KABUL (Reuters) - A NATO helicopter crashed during a battle with the Taliban in Afghanistan, killing 30 U.S. soldiers, an interpreter and seven Afghans, the Afghan president said on Saturday, the deadliest single incident for foreign troops in 10 years of war. | |
 TEHRAN (Reuters) - Iran's foreign minister said on Saturday he hoped two Americans jailed for more than two years on spying charges would be freed, the most positive signal yet that their ordeal may soon end. | |
 PARIS/WASHINGTON (Reuters) - Global leaders on Saturday arranged a round of emergency calls to discuss the twin debt crises in Europe and the United States that are causing turmoil in financial markets. | |
 MOGADISHU (Reuters) - Somali President Sheikh Sharif Ahmed said on Saturday his military had defeated Islamist rebels battling to overthrow his Western-backed government after the al Shabaab group began withdrawing fighters from the capital Mogadishu. | |
 NEW YORK (Reuters) - The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday in an unprecedented blow to the world's largest economy in the wake of a political battle that took the country to the brink of default. | |
 AMMAN (Reuters) - Syrian tanks and armored vehicles deployed throughout Hama Saturday, a resident said, after a week-long assault which one activist group said had killed 300 civilians in the symbolic center of protest against President Bashar al-Assad. | |
 PARIS (Reuters) - The European Central Bank will hold a rare Sunday conference call to discuss developments in the euro zone's debt crisis and the possibility of buying Italian sovereign bonds, ECB sources said Saturday. | |
 NEW YORK (Reuters) - Stocks closed out their worst week in more than two years on Friday in a volatile session that saw the major indexes whip back and forth before the S&P 500 ended down less than a point. | |
| Power companies prepare as solar storms set to hit Earth Sat,6 Aug 2011 10:04 AM PDT Reuters - NEW YORK (Reuters) - Three large explosions from the Sun over the past few days have prompted U.S. government scientists to caution users of satellite, telecommunications and electric equipment to prepare for possible disruptions over the next few days. Full Story | |
| Japan PM Naoto Kan brings his nuclear-free vision to Hiroshima Sat,6 Aug 2011 02:30 AM PDT Reuters -  HIROSHIMA, Japan (Reuters) - Prime Minister Naoto Kan on Saturday took his campaign against nuclear energy in Japan to Hiroshima which 66 years ago became the world's first victim of an atomic bomb. | |
 BENGHAZI, Libya (Reuters) - Libyan rebels Saturday said they had launched a push to capture the coastal oil town of Brega, but were advancing slowly because Muammar Gaddafi's forces had sown minefields across its approaches. | |
| Wells Fargo mortgage buybacks could top $1.8 billion Fri,5 Aug 2011 09:36 AM PDT Reuters - CHARLOTTE, North Carolina (Reuters) - Wells Fargo & Co may have to buy back an additional $1.8 billion in toxic mortgages from outside investors on top of claims it already received, the fourth-largest U.S. bank by assets said in a securities filing on Friday. Full Story | |
 WASHINGTON (Reuters) - They bonded over golf, bickered over debt, and now President Barack Obama and House of Representatives Speaker John Boehner face even more tests of an uneasy relationship critical to a functioning government. | |
 NEW YORK (Reuters) - Wall Street's advice to investors battered by plunging markets: Keep buying stocks. | |
 WASHINGTON (Reuters) - U.S. job growth accelerated more than expected in July, tamping down fears the economy was sliding into a fresh recession and easing pressure on the Federal Reserve to provide more support for the weak economy. | |
| State, local job loss menaces recovery: analysts Fri,5 Aug 2011 10:47 AM PDT Reuters - WASHINGTON (Reuters) - State and local governments continued shedding thousands of jobs in July, part of a trend that analysts say could damage everything from trash collection to the entire U.S. economy. Full Story | |
 CHICAGO (Reuters) - Procter & Gamble Co is likely to miss Wall Street earnings estimates this quarter as it has not yet pushed through all its price increases that are meant to help deal with higher commodity costs. | |
 ROME/FRANKFURT (Reuters) - Italy buckled to world pressure in a bid to halt a market rout endangering the global economy, pledging to speed up austerity measures and social reforms in return for European Central Bank help with funding. | |
| NEW YORK (Reuters) - Standard & Poor's calculations on a possible downgrade of U.S. credit ratings were off by "trillions," CNBC quoted sources as saying on Friday. | |
 AMMAN (Reuters) - Syrian security forces killed at least 16 civilians in attacks on tens of thousands of protesters demonstrating against the rule of President Bashar al-Assad on the first Friday of the Muslim fasting month of Ramadan, activists said. | |
 ROME (Reuters) - Prime Minister Silvio Berlusconi pledged on Friday to bring forward austerity measures and bring Italy's budget into balance by 2013, a year ahead of the original plan, in a bid to stem rising turmoil on world markets. | |
 DETROIT (Reuters) - Honda Motor Co Ltd will recall 2.49 million cars, small SUVs and minivans worldwide, including its popular Accord sedan, to repair a software problem that could damage the automatic transmission. | |
| Analysis: Berlusconi under pressure as markets lose patience Fri,5 Aug 2011 11:13 AM PDT Reuters - ROME (Reuters) - Bond markets may be succeeding where political opponents have failed, pushing Prime Minister Silvio Berlusconi closer to the exit and opening up fresh uncertainties as Italy struggles to avoid financial disaster. Full Story | |
| USPS posts $3.1 billion loss in Q3, warns of default Fri,5 Aug 2011 07:58 AM PDT Reuters - WASHINGTON (Reuters) - The U.S. Postal Service posted a net loss of $3.1 billion in its third quarter and warned again it would default on payments to the federal government if Congress did not step in. Full Story | |
 LONDON (Reuters) - The message from this week's market rout is crystal-clear: investors have lost confidence in their politicians, who urgently need to do something dramatic to reduce risks to the global economy. | |
| Analysis: Recession II? Probably not, staffing execs say Fri,5 Aug 2011 08:59 AM PDT Reuters - NEW YORK (Reuters) - A sequel to the Great Recession in the United States just two years after the downturn is not likely because demand for temporary workers, a leading indicator of both upturns and downturns, remains steady, staffing industry executives say. Full Story | |
 LONDON (Reuters) - When Charles Berry started his career as a bonds trader in 1993, he used to draw "point and figure" charts on pieces of paper. He checked his old charts recently to remind himself how calm markets were in those days. Back then, it took three months for a price to move 200 ticks -- the measure traders use to show changes in futures or currency markets. Now the market moves 400 ticks in a week. | |
 WASHINGTON (Reuters) - Mortgage finance giant Fannie Mae said it would ask for an additional $5.1 billion from taxpayers as a weaker housing market causes continued losses on loans made prior to 2009. | |
 NEW YORK/SYDNEY (Reuters) -They are a rag-tag bunch, often working from home or tiny offices scattered round the world, from rural Texas to Beverly Hills and a suburb near Australia's Bondi Beach. | |
 LONDON (Reuters) - Royal Bank of Scotland slid to a pretax loss of 678 million pounds ($1.1 billion) in the second quarter, bruised by writedowns on Greek government bonds and Irish customers struggling to repay loans. |
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