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Updated: 1 week 9 min ago

OECD sees growth firm, but risks abounding

Wed, 05/25/2011 - 11:53
PARIS (Reuters) - Global economic recovery is on track, helped by a stronger United States, but threats ranging from high oil prices to European sovereign debt crises could yet combine to create a bout of stagflation, the OECD said on Wednesday.

NATO air strikes rock Tripoli again

Wed, 05/25/2011 - 11:42
JOHANNESBURG (Reuters) - South African President Jacob Zuma plans to visit Tripoli next week to discuss an exit strategy for Libyan leader Muammar Gaddafi in cooperation with the Turkish government, Talk Radio 702 reported on Wednesday.

AIG share sale raises $8.7 billion after record bailout

Wed, 05/25/2011 - 10:57
NEW YORK/WASHINGTON (Reuters) - The U.S. Treasury made a small profit when it sold a portion of its shares in American International Group Inc on Tuesday, but it was unclear how its investment in the beleaguered insurer will ultimately fare.

France's Lagarde set to launch IMF bid

Wed, 05/25/2011 - 10:28
WASHINGTON/PARIS (Reuters) - France's finance minister is set to declare on Wednesday she wants to be the next head of the IMF even though big emerging economies have decried Europe's "obsolete" grip on the top job.

Anti-Americanism rife in Pakistan army institution: Wikileaks

Wed, 05/25/2011 - 10:25
ISLAMABAD (Reuters) - Officers received training biased against the United States at a prestigious Pakistan army institution, according to Wikileaks, underscoring concerns that anti-Americanism in the country's powerful military is growing amid strains with Washington.

North Korea leader's train arrives in Chinese capital

Wed, 05/25/2011 - 08:26
BEIJING (Reuters) - North Korean ruler Kim Jong-il's armored train reached Beijing on Wednesday, setting the stage for a summit with China's leaders that he will hope is a show of support from Asia's biggest economy for him and his isolated state.

Tornado death toll climbs, many still missing

Wed, 05/25/2011 - 07:35
JOPLIN, Missouri (Reuters) - The death toll from a monster tornado that hit Joplin, Missouri, on Sunday rose to 123, with 750 people injured and many more missing, authorities said on Tuesday.

Democrat Kathy Hochul wins upstate New York race

Wed, 05/25/2011 - 07:11
BUFFALO, New York (Reuters) - Democrat Kathy Hochul drew on voter discontent over Republican plans to revamp Medicare to score an upset win on Tuesday in a special election to represent a conservative upstate New York congressional district.

$1 trillion on the table in debt talks

Wed, 05/25/2011 - 05:52
WASHINGTON (Reuters) - Lawmakers are weighing $1 trillion in deficit-cutting measures as part of a possible deal that would allow an increase in the country's borrowing authority, Vice President Joe Biden said on Tuesday.

Netanyahu says will give up some land for peace

Wed, 05/25/2011 - 02:23
WASHINGTON (Reuters) - Israeli Prime Minister Benjamin Netanyahu said explicitly for the first time on Tuesday he was prepared to give up some settlements for peace, but he laid out familiar demands unlikely to draw the Palestinians back to the negotiating table.

Greek default would hit others in euro zone, banks

Tue, 05/24/2011 - 11:49
ATHENS (Reuters) - A Greek debt default would hurt other peripheral euro zone states, Moody's said in a statement on Tuesday, becoming the last of the three major rating agencies to say any kind of restructuring would constitute default.

Mexico pushes Carstens for IMF; Brazil reacts coolly

Tue, 05/24/2011 - 11:33
MEXICO CITY/BRASILIA (Reuters) - The race to pick a new leader for the IMF formally launched on Monday as Mexico sought support for its central bank governor and Brazil said more time was needed to make a choice.

NATO bombs Tripoli, U.S. says time against Gaddafi

Tue, 05/24/2011 - 11:25
TRIPOLI (Reuters) - NATO warplanes hammered Tripoli on Tuesday with some of their heaviest air strikes yet after the United States said Libyan leader Muammar Gaddafi would "inevitably" be forced from power.

Obama starts UK visit, security issues paramount

Tue, 05/24/2011 - 09:38
LONDON (Reuters) - President Barack Obama on Tuesday begins a visit to Britain where he and Prime Minister David Cameron will review NATO action to help end conflict in Libya and Western policy toward uprisings in the Arab world.

Expectations modest as debt talks resume

Tue, 05/24/2011 - 08:15
WASHINGTON (Reuters) - Talks to avert a potentially catastrophic U.S. debt default resume on Tuesday after signs Republicans might soften their stance over a key obstacle to a deal with Democrats, but hopes for a breakthrough remain slim.

DNA evidence reported to tie Strauss-Kahn to accuser

Tue, 05/24/2011 - 06:20
WASHINGTON (Reuters) - Evidence from the clothing of a hotel maid matched DNA samples submitted by former IMF Managing Director Dominique Strauss-Kahn who has been charged with sexually assaulting her, media reported on Monday.

House Democrats urge limits on oil speculators

Tue, 05/24/2011 - 06:05
NEW YORK/WASHINGTON (Reuters) - Congress should take steps to limit speculation in oil markets, which has boosted prices as much as 30 percent, a new report from the Democratic staff of a House of Representatives oversight committee said on Monday.

Tornado devastates Joplin, Missouri, 116 dead

Tue, 05/24/2011 - 04:55
JOPLIN, Missouri (Reuters) - A monster tornado killed at least 116 people in Joplin, Missouri, when it tore through the heart of the small city, ripping the roof off a hospital and destroying thousands of homes and businesses.

At U.S. trial, Pakistan links to Mumbai attacks examined

Tue, 05/24/2011 - 02:55
CHICAGO (Reuters) - An American who has admitted scouting targets for the 2008 assault on Mumbai by Pakistani militants testified on Monday that the plot was hatched with at least one Pakistani intelligence official and a navy frogman.

Pakistan naval base siege close to an end

Mon, 05/23/2011 - 11:38
KARACHI (Reuters) - Troops appeared to be ending a Taliban siege of Pakistan's naval air force headquarters on Monday after the most audacious militant attack in the unstable, nuclear-armed country since the killing of Osama bin Laden.