FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jul 19, 2011

 4 Questions to Ask Your Investment Counselor
New York Times
By SONIA KOLESNIKOV-JESSOP No one has a crystal ball, not even investment advisers. But asking the right questions of your private banker could make the difference between weathering the next financial crisis and seeing your portfolio crash. ...
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Global Economic Crisis: Finance Is the New Mode of Warfare Center for Research on Globalization The idea is to create an illusion of crisis,to create a pretense for introducing a solution that makes fortunes for financial predators – or at least gives them enough room to take their money and run, by swapping their bad loans for Treasury ... See all stories on this topic »

Center for Research on Globalization

A second financial crisis if we don't learn from the last one
The National
Political stalemate in Washington and Brussels is fuelling a sense of panic that will spread to the financial centres of other advanced economies and emerging markets. Global stock markets are increasingly nervous. In the perpetual struggle between ...
See all stories on this topic »Inside Job: The story of capitalism gone wrong, very wrong
The Daily Maverick
The tragedy brought home by watching "Inside Job" is the realisation that the global financial meltdown that saw millions of ordinary consumers lose their homes, jobs and savings, was entirely avoidable. "It was a completely avoidable crisis; indeed, ...
See all stories on this topic »Top Gold Stocks to Consider Now
TheStreet.com
While investors continue to herd into theoretically risk-free Treasury bonds, informed investors such as Bill Gross have warned that the US is, in fact, in a more precarious financial position than Greece as accounting for entitlement liabilities ...
See all stories on this topic »Averting the 'Lehman Momentum' in Nepal
Institute for Defence Studies and Analyses
So the money that could have been deposited in the BFIs flowed into foreign countries. Cut throat competition among the banks, lack of strong supervision of BFIs by the central bank and other concerned units are also reasons for the financial crisis. ...
See all stories on this topic »dollar higher
Business Recorder
Italian bond yields soared to euro lifetime highs on Friday, raising fears that Italy, with the highest sovereign debt ratio relative to its economy in the euro zone after Greece, could be the next to suffer in the crisis. The Financial Times reported ...
See all stories on this topic »Right-Wing Media Cheerlead Default To Defeat Obama In 2012
Media Matters for America
The US Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back. This "flight to quality" has pushed ...
See all stories on this topic »Newspaper Briefing, including 'Brooks surprised by phone hacking arrest' - The ...
Proactive Investors UK
According to Rightmove, this months figures record the biggest fall of any July since 2008, just before the onset of the global financial crisis. Seven out of ten properties put up for sale this year have yet to find a buyer. Private equity firms bid ...
See all stories on this topic »The Outlook for Equities
NewsTime
By 1998, it had fallen in a heap again, this time due to the so-called emerging markets crisis, characterised by Russians queuing outside banks to remove their deposits and Indonesians going on the rampage in Jakarta. Although the market lost about 30% ...
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EUROZONE Debt Crisis News, Jul 19, 2011

FOREX-Euro struggles; debt crisis buoys Swiss franc Reuters By Neal Armstrong LONDON, July 18 (Reuters) - The euro fell on Monday, hitting a record low against the Swiss franc and dropping against the yen as investors grabbed perceived safe-haven currencies on concerns that the euro zone debt crisis could ... See all stories on this topic »

Irish Deputy PM: EU To Seek Program To Avoid Contagion At Thursday Summit Wall Street Journal BRUSSELS--Leaders at Thursday's emergency euro summit aim to craft a credible program to help the European Union to avoid contagion from the Greek debt crisis, said Ireland's deputy prime minister Monday. Ireland welcomes more flexible bailout funds, ... See all stories on this topic » WEEK IN FOCUS REPORT INCLUDING: the US is struggling with its own economic woes Proactive Investors UK Meanwhile, the Eurozone debt crisis is likely to provide further concern to the market with contagion effects still a key consideration of many investors and as Greece looks ahead to roll-over EUR 2bln worth of 3-month T-Bills on Tuesday. ... See all stories on this topic » World economy to keep strong but risks abound ... - Network News By admin LONDON (Reuters) – The world economy should expand steadily this year and next thanks mainly to prospering emerging powers, a Reuters poll showed, but fiscal troubles lurking in Europe and potentially the United States risk blowing this ... Economists pointed to the fiscal crisis raging in the euro zone's peripheral countries and the political deadlock in the United States surrounding an increasingly urgent lift to the country's legal debt ceiling as the biggest risks to ... Network News NewsDaily: World economy to keep strong but risks abound: Reuters poll By Andy Bruce Elsewhere, fiscal austerity in Europe and growing debt fears have soured analysts' sentiment. Economists pointed to the fiscal crisis raging in the euro zone's peripheral countries and the political deadlock in the United States ... " Germany's growth will remain above average, by historic and euro zone standards, so long as the euro zone doesn't totally fall apart and leave just a core group of countries remaining," said Timo Klein, an economist at IHS Global Insight. ... NewsDaily: Top Headlines fiscal crisis - Latest news, videos, and information- msnbc.com Insight on the crisis in Europe, uncertainty over a US debt deal, ... that the eurozone's third-largest economy will not succumb to the debt crisis. ... www.msnbc.msn.com/id/43715741/ns/business-fiscal_crisis?...

Item Club lowers GDP forecasts over euro crisis Telegraph.co.uk Uncertainty among British consumers and ailing business confidence in the face of the eurozone debt crisis will hit UK growth this year, Ernst & Young has warned. Peter Spencer, chief economic advisor to the Item Club, said the risks to the world ... See all stories on this topic » Telegraph.co.uk

Investors head for havens in debt storm Financial Times By Jack Farchy and Richard Milne in London Gold burst through $1600 for the first time as the eurozone's escalating debt crisis sent fear through financial markets. The precious metal touched a nominal record $1607 a troy ounce on Monday afternoon, ... See all stories on this topic »

NYMEX-Crude down on debt default worries, dollar up Reuters N] * Copper was steady but expected to come under pressure due to doubts about demand from top consumer China and the euro zone debt crisis. [MET/L] Gold rallied to record highs above $1600 an ounce in Europe as investors spooked by the euro zone debt ... See all stories on this topic »

JSE in the red on euro-zone worries Independent Online The JSE continued in the red on Monday afternoon as global markets remained concerned about the euro-zone debt crisis. A local trader said that gold stocks were the only performers at midday on the back of a higher gold price and a weaker rand. ... See all stories on this topic » Independent Online

Forex - Focus Back on EU Debt Crisis & Policy Makers Approach FXstreet.com We suspect that the market's “goodwill” toward EU policymakers has all been but tapped and they need to make the most of this meeting. To add to the view that credibility issues will continued to plague this current wave of the crisis, FT reported that ... See all stories on this topic »

Gold price hits record amid Eurozone and US debt ceiling jitters The Guardian The controversial bank test brings questions to overall theories for how a pseudo crisis is initiated to make the euro fall on the knees. It reminds back the memories of the mock Canadian debt Journalists get in there and scrutinize this psudo crisis ... See all stories on this topic » The Guardian

EU wheat prices slip as debt crisis weighs Reuters Africa LONDON, July 18 (Reuters) - Wheat prices in western European markets were lower on Monday as a deepening debt crisis in both the euro zone and the United States increased risk aversion among investors and weighed on commodity markets. ... See all stories on this topic »

Asia stocks slump on US, EU debt woes; Nikkei closed Business Insider Forexpros – Asian stock markets were broadly lower on Monday, as worries over a potential US sovereign debt default and ongoing concerns over the euro zone's debt crisis prompted investors to shun riskier assets. During late Asian trade, ... See all stories on this topic »

Euro Currency Crisis Stopped by US Debt Debate: Strategist CNBC.com The euro zone has avoided a major currency crisis so far because of the dispute around raising the debt ceiling on the other side of the Atlantic, David Bloom, global head of foreign exchange strategy at HSBC, told CNBC on Monday. ... See all stories on this topic »

COLUMN-Haircut won't solve Greece's woes -Bundesbank's Nagel Reuters By Joachim Nagel, Bundesbank Board Member FRANKFURT, July 18 (Reuters) - Financial markets are being dominated by the expectation that, on the one hand, Greece cannot avoid a haircut and, on the other, that the sovereign debt crisis could encompass ... See all stories on this topic »

Italy sell-off deepens on debt worries Reuters Italy has moved to the eye of the storm in Europe's debt crisis in the past week and its stock markets fell around twice as much as other major European markets in morning trade. That reflects concern that the euro zone's third biggest economy may be ... See all stories on this topic »

TSX Poised For Weak Open Amid Euro Zone Jitters - Canadian Commentary RTT News The price of crude oil moved down Monday morning on concerns that euro zone debt crisis could hit the economy of the continent. Crude for August down $1.16 to $96.08 a barrel. The price of gold surged to a fresh record above $1600 as traders fret over ... See all stories on this topic »

Cabinet to Discuss Euro Crisis with House ahead of EU Summit NIS News Bulletin Prime Minister Mark Rutte will attend Thursday's crisis summit to discuss the European debt crisis. He already said last week that there is no point in holding a meeting of the 17 eurozone countries unless there is certainty beforehand that agreement ... See all stories on this topic »

Lira Sinks to Lowest Level in Two Years on Europe Debt Concern BusinessWeek 2 deadline for raising the US debt ceiling looms. “The absence of any steps regarding the euro-zone debt crisis and the US debt ceiling is keeping the markets under pressure,” Fatih Keresteci, a strategist at the Turkish unit of HSBC Holdings Plc, ... See all stories on this topic »

EU dithers over debt crisis as Greece nears collapse First Post The EU is struggling to reach agreement on how to deal with the growing debt crisis, as Germany sets itself against a plan to shore up Greece with eurozone-guaranteed bonds. "Nothing would destroy more quickly and in a more lasting fashion incentives ... See all stories on this topic »

ECB's Mersch-Inflation risks to upside, eyeing developments Reuters Nikkei published its interview on Sunday, focusing on Mersch's fears about the crisis. In the transcript Mersch said the ECB's attempts to wind down its crisis support measures would be governed by the path of the euro zone debt crisis. ... See all stories on this topic »

The European Debt Crisis Worsens And The US Debt Ceiling Drama Continues Business Insider The European Debt Crisis of the Twenty-first Century, “The Black Debt,” continued spreading across Europe like the plague. (Originating in China, the Black Death swept through Europe from 1348 to 1350, killing 30% to 60% of the population. ... See all stories on this topic »

Investors Boost Bullish Commodity Bets as Gold Demand Jumps on Debt Crisis Bloomberg “There was a lot of fear in the marketplace about a potential downgrade of US debt and more negative news from the euro zone,” said Brad Durham, an EPFR managing director. “It was a good, old-fashioned flight-to-safety trade. ... See all stories on this topic »

Treasurys seesaw on euro concern, investment data MarketWatch By Sara Sjølin, MarketWatch NEW YORK (MarketWatch) — Treasury prices swung between gains and losses Monday, as concerns about the euro-zone debt crisis deepened over the weekend pushed prices higher, while weaker foreign-investment data for May ... See all stories on this topic »

Stock markets slump as fears mount over debt crisis Irish Independent By Independent.ie reporters Stock markets fell today as confusion reigned in Europe about the continent's debt crisis and how it can be contained. In the UK, the FTSE 100 index fell 0.9pc, France's Cac shed 1.4pc, and Germany's Dax was 1.3pc down as ... See all stories on this topic »

Roubini On Europe's 'Last Stand': Don't Fear A Greek Debt Restructuring And A ... Forbes (blog) (Read Euro Contagion: Italian Equities Tank, Yields And CDS Jump). In this environment, Nouriel Roubini, the NYU economist that anticipated the financial crisis, came out in defense of a debt restructuring that would trigger a “selective default” but ... See all stories on this topic »

Hot Option Plays: WANTED: Buyers Daily Markets The table was set for morning weakness on Wall Street after stock benchmarks moved broadly lower across Europe amid ongoing concerns about the European Debt Crisis. A series of stress tests of Eurozone banks late last week failed to ease those concerns ... See all stories on this topic »

Mid-Day Report: Euro Remains Weak as EU Leaders Called for Second Emergency ... Action Forex The single currency extended intra-day decline to as low as 1.4015 in part due to rising concerns over eurozone debt crisis when Europe leaders called for another emergency meeting this Thursday to discuss second bailout package for Greece, ... See all stories on this topic »

Morning Briefing: European Banks Stress Test Impact Eyed Wall Street Journal (blog) The euro zone's debt crisis and a resolution are central to regional foreign exchange developments Monday. Uncertainty about the way out from the crisis could weaken currencies in the short term, but such declines would likely be limited, ... See all stories on this topic »

IFR-Loan desks look to increase interest margins in US, Europe Reuters Both tools have already been deployed -- in the US as the leveraged loan market repriced in 2Q and the European market followed in July as Europe's intensifying debt crisis caused major bond market disruption. Bankers on both sides of the Atlantic are ... See all stories on this topic »

CANADA FX DEBT-C$ softer as sovereign debt fears rise; BoC eyed Reuters ... on Monday as riskier assets succumbed to fears of a sovereign debt default in Europe and the United States. European bank stress test results last Friday did little to calm fears that the euro zone crisis is getting worse, sending the euro, ... See all stories on this topic »

* GMR power ties up $820m debt for Singapore plant Financial Times (blog) Global consumer confidence fell in the second quarter to its lowest level in a year and a half as an uncertain economic outlook, a deepening euro zone debt crisis and rising inflation made people more cautious, a survey showed on Sunday, ... See all stories on this topic »

Sovereign Debt Risk Rises to Record in Europe, Credit Swaps Show Bloomberg Contagion to France and Germany “reflects the reality that the euro zone is in complete crisis,” said Gary Jenkins, head of fixed income at Evolution Securities Ltd. in London. “If we get anywhere close to looking at France, it's game over. ... See all stories on this topic »

S Korea Won Lower Late Amid Weak Risk Appetite; Bonds Little Moved Wall Street Journal ... better than expected in stress-test results released Friday, the results did little to boost sentiment on the euro and other risk-sensitive currencies, including the won, as uncertainties over the euro-zone debt crisis continue to grip the market. ... See all stories on this topic »

European bond yields soar, stocks plummet on debt fears Los Angeles Times (blog) Rising yields on Spanish and Italian bonds threaten to undermine those countries' finances and create a far larger crisis for Europe. The yield on two-year Italian bonds rose to 4.6% on Monday from 4.2% on Friday. The yield was just 3.0% two weeks ago. ... See all stories on this topic »

European banks under spotlight Business Daily Africa This amount -- puny in the broader context of European banking -- sparked a repeat of last year's accusations that the stress tests were again unrealistic given the euro zone's sovereign debt crisis. The major shortcoming of the test was the lack of ... See all stories on this topic » Business Daily Africa

DEBT CRISIS HITS MARKETS ON BOTH SIDES OF ATLANTIC Express.co.uk Quite how the eurozone's sovereign debt crisis plays out remains very much open to conjecture. Worries about the global economy have prompted leading forecaster Ernst & Young ITEM Club to slash its growth estimates for the UK this year from 1.8 per ... See all stories on this topic »

US GOLD - Comex gold steady above $1600/oz as US, eurozone debt problems spook ... FXstreet.com “Investors are unconvinced that this week's summit of EU leaders will lead to any concrete steps in stemming the spread of the eurozone's debt crisis,” Standard Bank added. These two dire situations have started a race to the bottom for paper ... See all stories on this topic »

MONEY MARKETS-Sovereign woes to keep interbank market on edge Reuters ... banks' exposures as part of a Europe-wide banking healthcheck. Markets were focused on the intensifying crisis in the euro zone which is keeping banks' appetite to lend low and rates high as debt problems threaten to envelop Italy and Spain. ... See all stories on this topic »

Summers urges aggressive euro zone crisis response | MAARS News By Valkyries WASHINGTON (Reuters) – Former White House aide Lawrence Summers on Sunday urged Europe to take a more aggressive response to the debt crisis sweeping the region and suggested patience with its approach was running thin. ... MAARS News

Merkel defends handling of eurozone crisis - The Local ECB President Jean-Claude Trichet told the Financial Times Deutschland that it was unfair to slam Merkel for dithering throughout the eurozone's sovereign debt crisis. "I would see a discussion of this kind as being completely misplaced ... The Local - Germany's news in English

Stocks Down Sharply on U.S., Europe Debt Worries | Stock Market News By edliston Stocks are down sharply in early trading today on worries over U.S. and euro zone debt crisis. The concerns over the debt crisis in the U.S. and the euro zone. Stock Market News

Test puts banks' euro zone debt in spotlight (Reuters) | Network News By Arystydes LONDON (Reuters) – Banks with substantial peripheral euro zone bond holdings, and those that only scraped through the European Union's stress test of 90 lenders, started feeling the heat on Monday from investors anxious they should beef up their capital buffers. ... This amount — puny in the broader context of European banking — sparked a repeat of last year's accusations that the stress tests were again unrealistic given the euro zone's sovereign debt crisis. ... Network News

New blog from Ruth Lea – The Eurozone crisis deepens: one step ... By The People's Pledge Team But there was no such agreement (the “debt crisis” can fairly be described as having morphed into a “political crisis”) though there was recognition that there may a Greek “selective default”, so that was progress of sorts. There will now be a meeting of ... Alternatively the Eurozone could be split into two blocs comprising a “northern euro” and a “southern euro” (the “two currencies solution”), though has to be said there are few takers for this solution at present. ... The People's Pledge

Global stocks drop on European debt crisis - Interaksyon.com By Agence France-Presse Investor focus is moving toward Thursday's Brussels summit of eurozone leaders who will seek to settle their debt crisis and stop Greece toppling into a possible default and dragging bigger euro economies into deeper trouble. ... Interaksyon.com

ECB Mersch: Quick Greece Deal Needed To Avert Euro Crisis | ForexLive a new bailout package for Greece could provoke a currency crisis in the. Eurozone, European Central Bank Governing Council member Yves Mersch said in an interview with Japan's Nikkei news agency, published over the weekend. ... “The debt crisis can turn into a euro crisis,” he added. Heads of state and government of the Eurozone countries are due to meet Thursday in Brussels in an emergency summit to try and give some impetus to a solution for the Greek crisis. ... ForexLive

Buoyant gold and silver prices as Eurozone crisis continues to ... By CBN In the euro it roared, this morning, and Fixed at €1136.33 as the Eurozone crisis degraded one more step. After the Fix gold got a firm hold above $1600 trading at $1601 for the first time ever, with both the euro and the dollar falling ... The week has started on a strong note as the Eurozone crisis worsened, noticeably. The markets are unimpressed with the process of tackling Greek debt. The voluntary lengthening of maturities or lowering of interest rates would be an ... China business news

UK Rightmove house price data lower than forecast | Currency News By Toby The Pound still remained above the 1.60 level however, and advanced on an ailing Euro as fears were raised that E.U ministers wouldn't be able to contain the growing Euro zone debt crisis in a summit later this week. ... Currency News

Greece – Papandreou Shares Views On Debt Crisis - Secaucus New ... By Lucille It was time for Europe to wake up. Prime Minister George Papandreou of Greece was able to figure out an answer for the national problem of debt crisis. George Papandreou is firm with his statement that Greece will not run away in paying ... Secaucus New Jersey News

EU bank stress tests spotlight eurozone debt crisis — EUbusiness ... EU bank stress tests spotlight eurozone debt crisis ... the Irish government had to be rescued with an enormous multi-billion-euro EU-IMF bailout loan. ... www.eubusiness.com/news-eu/britain-greece-test.bbm

Eurozone Debt Crisis Hits UK Growth Forecast | ThunderFeeds Eurozone Debt Crisis Hits UK Growth Forecast ... New In Last 20 minutes; Vote! European Debt Fears Hit Markets After Stress ... ukStocks, Euro Drop on EU Crisis ConcernsBloombergBars of one-kilogram silver are arranged for a photograph. ... thunderfeeds.com/.../eurozone-debt-crisis-hits-uk-growth-fore...

Dailymotion - Eurozone ministers hold talks to quell debt crisis ... more close. News & Politics. Uploaded on 12/07/11. Europe Eurozone hold euronews ministers quell talks debt crisis. Statistics. Time ... www.dailymotion.com/.../xjvao6_eurozone-ministers-hold-tal...

Eurozone Sovereign Debt Crisis at a Critical Point - Seeking Alpha The contagion to Italy is a turning point in the euro-zone crisis. ... I was on BNN yesterday to talk about the debt crises in the U.S. and Euroland with host Paul Waldie and .... Headline : July 11, 2011 : News of the Day - Part Two ... seekingalpha.com/.../279226-eurozone-sovereign-debt-crisis-a...

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WORLD News, Jul 19, 2011

China's heir apparent pledges tough line on Tibet Mon,18 Jul 2011 11:40 PM PDT Reuters - BEIJING (Reuters) - Chinese Vice-President Xi Jinping vowed on Tuesday to crack down on separatist forces led by the Dalai Lama, suggesting that China's heir apparent to the presidency will not ease Beijing's hardline stance toward the region. Full Story

In liberalized Greek workplace, dancers swirl freely Mon,18 Jul 2011 11:15 PM PDT Reuters - ATHENS (Reuters) - If you want to be a dancer in Greece, you can now swirl freely into your new career. But if your heart is set on opening a pharmacy, things are not that easy. Full Story

China blames "terrorists" for attack in Xinjiang: report Mon,18 Jul 2011 11:08 PM PDT Reuters - BEIJING (Reuters) - A clash at a police station that left at least four people dead in western China's restive Xinjiang region was "an organized terrorist attack," a government official was quoted saying in state media on Tuesday. Full Story

Pakistani workers of U.S. aid agency feared kidnapped Mon,18 Jul 2011 10:12 PM PDT Reuters - QUETTA, Pakistan (Reuters) - Eight Pakistani employees of a U.S.-based aid organization are missing and feared kidnapped in Pakistan's volatile southwest bordering Afghanistan, a senior Pakistani government official said on Tuesday. Full Story

China blames "terrorists" for attack in Xinjiang: report Mon,18 Jul 2011 09:53 PM PDT Reuters - BEIJING (Reuters) - A clash at a police station that left at least four people dead in western China's restive Xinjiang region was "an organised terrorist attack," a government official was quoted saying in state media on Tuesday. Full Story

Murdochs face questions in UK parliament Mon,18 Jul 2011 08:24 PM PDT Reuters - LONDON (Reuters) - News Corp Chief Executive Rupert Murdoch and his son James face questions from parliament on Tuesday in a phone-hacking scandal that has rocked Britain's establishment right up to Prime Minister David Cameron. Full Story

Murdoch has board backing Mon,18 Jul 2011 07:29 PM PDT Reuters - NEW YORK (Reuters) - News Corp independent directors are fully behind Rupert Murdoch, a board member told Reuters on Monday, as his iron grip on his vast media empire came under question because of the hacking scandal that already has consumed his London newspaper company. Full Story

Assad loyalists kill 10 in attacks in Homs Mon,18 Jul 2011 05:57 PM PDT Reuters - AMMAN (Reuters) - Syrian forces and militiamen loyal to President Bashar al-Assad killed 10 people in attacks on residential districts in Homs on Monday, the Local Coordination Committees activist group said. Full Story

U.S. urges Gaddafi to go as rebels claim oil town Mon,18 Jul 2011 05:14 PM PDT Reuters - TRIPOLI (Reuters) - Libyan and U.S. officials met face-to-face, but while Tripoli said it was seeking talks with no preconditions, Washington said it delivered a clear message: Muammar Gaddafi must go. Full Story

Egyptian PM taken to hospital, new cabinet delayed Mon,18 Jul 2011 04:29 PM PDT Reuters - CAIRO (Reuters) - Egyptian Prime Minister Essam Sharaf was taken to hospital because of blood pressure problems on Monday, and the swearing in of a much-changed cabinet was delayed. Full Story

Assad loyalists kill 10 in attacks in Homs Mon,18 Jul 2011 03:46 PM PDT Reuters - AMMAN (Reuters) - Syrian forces and militiamen loyal to President Bashar al-Assad killed 10 people in attacks on residential districts in Homs on Monday, the Local Coordination Committees activist group said. Full Story

Libya says ready for talks but rejects preconditions Mon,18 Jul 2011 03:34 PM PDT Reuters - TRIPOLI (Reuters) - Libya's government said on Monday it had held talks with U.S. officials and welcomed discussions but only without preconditions. Full Story

Libya denies rebel victory claim in Brega oil town Mon,18 Jul 2011 01:57 PM PDT Reuters - MISRATA, Libya (Reuters) - Rebel forces have routed most of Muammar Gaddafi's troops in the Libyan oil town of Brega in the biggest boost of their campaign in weeks, spokesmen said on Monday. The government denied the claim. Full Story

UK phone-hacking whistleblower found dead: reports Mon,18 Jul 2011 01:38 PM PDT Reuters - LONDON (Reuters) - A former journalist who told the New York Times that phone hacking at Rupert Murdoch's now defunct News of the World was more extensive than the paper had acknowledged at the time, has been found dead, media reported on Monday. Full Story

Tunisian leader says protesters aim to spread chaos Mon,18 Jul 2011 12:32 PM PDT Reuters - TUNIS (Reuters) - Tunisia's prime minister on Monday accused protesters who held a wave of demonstrations over the weekend of plotting to destabilize the country, six months after the revolution that inspired the Arab Spring. Full Story

Pakistan Taliban release video showing forces' execution Mon,18 Jul 2011 12:13 PM PDT Reuters - ISLAMABAD (Reuters) - The Taliban have released a video showing the execution of more than a dozen Pakistani security forces in the northwest last month. Full Story

Fighting erupts in Yemeni capital, six killed Mon,18 Jul 2011 12:09 PM PDT Reuters - SANAA (Reuters) - Fighting between government forces and opposition supporters erupted in Yemen's capital Sanaa Monday, killing six people, opposition sources said. Full Story

Tumult in Egypt antiquities as Hawass swept aside Mon,18 Jul 2011 12:08 PM PDT Reuters - CAIRO (Reuters) - Egypt is struggling to find a replacement to run its antiquities ministry after the flamboyant Zahi Hawass, easily recognized by his Indiana Jones-style hat, was swept aside in a cabinet reshuffle to eject the old guard. Full Story

Timeline: Invasion, surge and withdrawal; U.S. forces in Iraq Mon,18 Jul 2011 10:34 AM PDT Reuters - BAGHDAD (Reuters) - Iraq wants the United States to supply several thousand trainers for its military but is unlikely to ask Washington to extend its troop presence beyond a year-end deadline, security and political sources said. Full Story

U.N. begins food aid airlift to rebel-held Somalia Mon,18 Jul 2011 09:57 AM PDT Reuters - NAIROBI (Reuters) - The United Nations said on Monday it had started airlifting food aid to rebel-held parts of drought-hit Somalia and that Islamist insurgents had abided by a pledge to allow relief workers free access. Full Story

Factbox: Latest developments in Libyan conflict Mon,18 Jul 2011 09:36 AM PDT Reuters - (Reuters) - Following are the latest political and military developments in the Libyan crisis. Full Story

Eleven police killed, two beheaded in Afghan violence Mon,18 Jul 2011 09:35 AM PDT Reuters - LASHKAR GAH, Afghanistan (Reuters) - Seven Afghan policemen were killed in an attack on a checkpoint in the southern city of Lashkar Gah Monday, a government spokesman said, two days before NATO-led troops hand over security control to Afghan forces. Full Story

Venezuela finance minister says Chavez to run in 2012 vote Mon,18 Jul 2011 08:42 AM PDT Reuters - CARACAS (Reuters) - There is no doubt Venezuelan President Hugo Chavez will run for re-election next year despite returning to Cuba for more treatment after cancer surgery, the OPEC nation's finance minister said on Monday. Full Story

Timeline: Life and times of Nelson Mandela Mon,18 Jul 2011 08:41 AM PDT Reuters - (Reuters) - Former South African President Nelson Mandela turned 93 Monday. Full Story

South Africa searches for Mandela's moral compass Mon,18 Jul 2011 08:37 AM PDT Reuters - JOHANNESBURG (Reuters) - South Africa celebrated Nelson Mandela's 93rd birthday on Monday with songs by millions of children and calls for public service, but the nation he led out of apartheid is divided by poverty and his ANC movement seems to many to be losing its moral compass. Full Story

Pakistanis seek arrest of ex-CIA legal chief over drone attacks Mon,18 Jul 2011 08:22 AM PDT Reuters - ISLAMABAD (Reuters) - Three Pakistani tribesmen filed a complaint with the police against former legal counsel of the Central Intelligence Agency's (CIA) for approving drone missile strikes that killed hundreds of people, their lawyer said Monday. Full Story

Seven Afghan police killed ahead of handover: official Mon,18 Jul 2011 08:13 AM PDT Reuters - LASHKAR GAH, Afghanistan (Reuters) - Seven Afghan policemen were killed when gunmen attacked a police checkpoint Monday in the southern city of Lashkar Gah, a government spokesman said, where NATO-led troops are due to hand over security control to Afghan forces in two days. Full Story

Israel plans hundreds more Jewish settler homes Mon,18 Jul 2011 08:11 AM PDT Reuters - JERUSALEM (Reuters) - Israel announced plans on Monday to build another 294 homes in two Jewish settlements in the West Bank, and the Palestinians said the move hardened their resolve to seek statehood recognition from the United Nations. Full Story

Robbers hold up guests at luxury Rio hotel Mon,18 Jul 2011 08:03 AM PDT Reuters - RIO DE JANEIRO (Reuters) - Armed men invaded one of Rio de Janeiro's most exclusive hotels and robbed guests including foreign tourists early Monday, police and hotel officials said. Full Story

French yacht from grounded flotilla sails for Gaza Mon,18 Jul 2011 07:57 AM PDT Reuters - GAZA (Reuters) - A French yacht carrying pro-Palestinian activists sailed for the Gaza Strip Monday after other ships in a flotilla that had planned to challenge Israel's blockade were grounded in Greece, organizers said. Full Story

Trial of Egypt's Mubarak may be on Red Sea: sources Mon,18 Jul 2011 07:43 AM PDT Reuters - CAIRO (Reuters) - Egypt's ousted president may be tried next month in the Red Sea resort where he is in hospital, not Cairo, sources said on Monday, a move that could anger protesters who say the army wants to shield its former commander. Full Story

New CIA chief Petraeus hands over command in Afghanistan Mon,18 Jul 2011 07:16 AM PDT Reuters - KABUL (Reuters) - General David Petraeus, Washington's new intelligence chief, handed over command of U.S. and NATO-led troops in Afghanistan Monday, a day after a tentative start was made to a gradual process of transferring security to Afghan forces. Full Story

In Misrata, collective effort to fight Gaddafi Mon,18 Jul 2011 07:12 AM PDT Reuters - DAFNIYA, Libya (Reuters) - The small hand-packed plastic bag appears to contain just nuts and raisins, but inside is a printed note on a strip of paper from a widows' group in Misrata for the rebels who are fighting forces loyal to Libyan leader Muammar Gaddafi west of the city. Full Story

Russia says militant attack foiled in Moscow Mon,18 Jul 2011 07:09 AM PDT Reuters - MOSCOW (Reuters) - Russia's top security official said on Monday that authorities had averted a "large terrorist attack" in the Moscow area by militants armed with homemade bombs and other weapons. Full Story

Iraq eyes U.S. trainers, not troops, after 2011 Mon,18 Jul 2011 06:11 AM PDT Reuters - BAGHDAD (Reuters) - Iraq wants the United States to supply several thousand trainers for its military but is unlikely to ask Washington to extend its troop presence beyond a year-end deadline, Iraqi security and political sources say. Full Story

Egypt TV shows trial live to assuage anger of protests Mon,18 Jul 2011 05:36 AM PDT Reuters - CAIRO (Reuters) - Egyptian television showed live images Monday of the trial of one of Hosni Mubarak's ministers, the first such broadcast aimed at placating protesters who have demanded greater transparency in holding the ex-president's allies to account. Full Story

Fukushima: 554 cows fed contaminated feed shipped Mon,18 Jul 2011 05:09 AM PDT Reuters - TOKYO (Reuters) - More than 500 beef cattle that ate feed contaminated by radioactive material from Fukushima have already shipped to other parts of Japan, an initial result of inspections on the area's farms showed Monday. Full Story

U.N. court orders Thai, Cambodian troops from temple area Mon,18 Jul 2011 04:50 AM PDT Reuters - THE HAGUE (Reuters) - The highest U.N. court ordered Thailand and Cambodia Monday to pull their soldiers out of a newly defined demilitarized zone on a disputed part of their border around an ancient temple, and told them to revive talks to resolve the decades-old conflict. Full Story

Police "gun down" rioters in China's Xinjiang, at least 4 dead Mon,18 Jul 2011 04:37 AM PDT Reuters - BEIJING (Reuters) - Police in western China's restive Xinjiang on Monday "gunned down" several rioters who attacked a police station and killed at least four people, though an exile group said the incident started when police fired on peaceful protesters. Full Story

Egypt's new cabinet to be sworn in after protests Mon,18 Jul 2011 03:35 AM PDT Reuters - CAIRO (Reuters) - Egypt's new cabinet will be sworn in on Monday after a reshuffle that protesters said only partially met demands for deeper political and economic reforms. Full Story

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