Saturday, May 25th, 2013

World

Obama shifts US from 'perpetual war-footing'

President shifts the US away from a 'boundless global war on terror' and restricting deadly drone strikes abroad and signalling that America's long struggle against al Qaeda will one day end.

Ecuador's Correa sworn in for new term

Ecuador's President Rafael Correa is sworn into office for an unprecedented third term in the capital, Quito.
20 minutes ago
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Cooper's defence under scrutiny in Reds' Super 15 match

SYDNEY (AFP) - Quade Cooper's front-line defence will be under scrutiny for the Queensland Reds in this weekend's Super Rugby after his omission from the Wallabies' preliminary squad for next month's series against the British and Irish Lions.
29 minutes ago

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Alleged Bout co-conspirator extradited

A man accused of hiding out in Australia while US authorities hunted him for being a co-conspirator of an illegal arms dealer has been extradited.
44 minutes ago
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IMF chief avoids French criminal charges

A French court has decided not to place IMF head, Christine Lagarde, under investigation over a payout made when she was finance minister.
57 minutes ago

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Depardieu's drink-driving fine

Parisian prosecutors have called for Gerard Depardieu to pay a drink-driving fine and forfeit his licence for 10 months.
May 25, 2013, 7:34 am

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Toronto mayor says he doesn't smoke crack

Toronto Mayor Rob Ford denies he smokes crack cocaine and says he is not an addict.
May 25, 2013, 7:16 am

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Visa, Mastercard ask U.S. court to declare card fees are lawful

By Jessica Dye
NEW YORK (Reuters) - Visa Inc and MasterCard Inc , opening another front in an eight-year battle over credit card fees paid by retailers, on Frida...
May 25, 2013, 5:44 am

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IMF's Lagarde escapes formal investigation in court

By Noémie Olive
PARIS (Reuters) - French magistrates decided on Friday not to place IMF chief Christine Lagarde under formal investigation over her role in a 285-million-euro (243 mill...
May 25, 2013, 3:52 am

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Policeman, five gunmen killed in Kabul Taliban attack

KABUL (AFP) - Explosions rocked central Kabul for several hours on Friday after Taliban gunmen launched a major suicide and gun attack centred on a compound of the International Organization for Migration (IOM).
May 25, 2013, 3:27 am

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Deutsche Post files EU complaint against German email law

DUESSELDORF (Reuters) - Deutsche Post has filed a complaint with the European Commission against a German law that will require government agencies and public services to use a rival ...
May 25, 2013, 3:19 am

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Yahoo joins growing list of bidders for Hulu - sources

By Ronald Grover and Greg Roumeliotis
LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service own...
May 25, 2013, 2:57 am

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Bankia sells City National Bank of Florida for $883 million

MADRID (Reuters) - Spanish nationalized lender Bankia SA said on Friday it had sold City National Bank of Florida to Chilean bank BCI for $883 million (583 million pound...
May 25, 2013, 2:53 am

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Exclusive - DBRS to rate all euro zone sovereigns by year-end

By Luciana Lopez
NEW YORK (Reuters) - DBRS plans to rate the credit of all euro-zone sovereigns by year-end, from the current 10 of 17, which will give the now-missing countries one mor...
May 25, 2013, 2:45 am

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Obama wants to end 'war on terror' but Congress balks

By Patricia Zengerle and Matt Spetalnick
WASHINGTON (Reuters) - President Barack Obama wants to roll back some of the most controversial aspects of the U.S. "war on terror," but efforts...
May 25, 2013, 2:11 am

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Ford to retain 1,000 jobs at French plant after deal

BLANQUEFORT, France (Reuters) - U.S. car maker Ford will retain 1,000 jobs at a plant in southwest France after striking a deal on Friday with local authorities to share the burden of new ...
May 25, 2013, 1:35 am
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Analysis - Gold faces more pressure as inflation stays tame

By Jan Harvey
LONDON (Reuters) - Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to...
May 25, 2013, 1:33 am
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UBS France could face criminal investigation - source

PARIS (Reuters) - UBS' French unit could be placed under formal investigation in the coming days as part of a broader probe into the Swiss bank's business practices, a person familiar ...
May 25, 2013, 1:15 am

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Ally of HK leader investigated in exchange probe

By James Pomfret
HONG KONG (Reuters) - The chairman of Hong Kong's Mercantile Exchange is under police investigation, the government said on Friday, as three other men were charged with...
May 25, 2013, 12:52 am

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First day in second Eng-NZ Test washed out

LEEDS, United Kingdom (AFP) - Rain meant there was no play on the first day of the second and final Test between England and New Zealand at Headingley on Friday.
May 25, 2013, 12:22 am

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News Corp's publishing business to initiate stock buyback

(Reuters) - News Corp set the distribution ratios for the spinoff of its publishing business, which may start buying back stock right away.
The board of the publishing bu...
May 25, 2013, 12:16 am
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