World News
From The Financial Times
- Madoff aide pleads guilty
- Frank DiPascali, a key lieutenant to Bernard Madoff, pleaded guilty to criminal charges arising from his role in the $65bn Ponzi scheme orchestrated by his long-time boss
- Fed under spotlight on interest rates
- US Federal Reserve policymakers end a two-day meeting on Wednesday with a statement that could provide a hint about the timing of interest rate rises, but no more.
- US productivity grows faster than expected
- Productivity soared by a higher-than-expected 6.4 per cent in the non-farm business sector in the second quarter, its highest level since 2003, as hours worked fell faster than output, the Department of Labor said
- Expanded Fed tackles staffing explosion
- Its unprecedented role in rescuing the US financial system has meant unexpected calls on Federal Reserve resources, writes Aline van Duyn
- New York Fed in hiring spree
- The Federal Reserve Bank of New York is aggressively hiring traders as it seeks to manage its burgeoning securities holdings, making the central bank one of Wall Street's most active recruiters of financial talent
- Eunice Kennedy Shriver dies at 88
- Eunice Kennedy Shriver, who founded the Special Olympics and is a member of one of the most prominent American political families of the 20th century, died at the age of 88
- Kuwait foils al-Qaeda bomb plan
- Kuwait said it had foiled an al-Qaeda-linked plan to bomb a US army camp and other 'important facilities' in the Opec oil-exporting state
- Ex-Soviet officer escapes US extradition
- Viktor Bout, the former Soviet military officer suspected of arms trafficking on four continents, has won the first stage of his battle to avoid extradition from Thailand to the US on charges of offering to supply weapons to Colombian rebels
- DPJ chief hits at 'US-led' globalism
- Yukio Hatoyama, leader of Japan's opposition Democratic party who is strongly placed to become prime minister, has vowed to shield his nation from globalisation
- Obama faces tough choices on Afghanistan
- At a time when the US president is under acute pressure to rein in a huge US fiscal deficit and when the Pentagon is severely overstretched, another hefty troop request would be hard to satisfy
- US 'shifts stance' on Afghan war
- The Obama administration has raised the stakes in Afghanistan by expanding the war to include a full-scale attack on illegal narcotics and has authorised the killing or capture of 50 drug lords, according to a report to be released on Tuesday.
- Testing week for US bond investors
- US bond investors are braced for a testing week, dominated by record $75bn in debt sales by the US Treasury and the Federal Reserve's policy meeting, which concludes on Wednesday
- Ebay and GM set for online car deals
- Buyers of new cars will be able to haggle with dealers over the internet under a joint venture between General Motors and Ebay
- Oil sands test of Obama's green credentials
- The administration faces a test of its environmental credentials in deciding whether to approve a pipeline carrying greenhouse gas-intensive oil sands fuel from Canada
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