Oil falls below $93 as China manufacturing weakens
Thu, 23 May 2013 04:59:46 -0400
BANGKOK (AP) — The price of oil fell below $93 per barrel Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is fading.
Exclusive :China urbanization plan hits roadblock over spending fears-sources
Thu, 23 May 2013 04:51:35 -0400
By Kevin Yao BEIJING (Reuters) - China's plan to spend $6.5 trillion on urbanization to bolster the economy is running into snags, sources close to the government said, as top leaders fear another spending binge could push up local debt levels and inflate a property bubble. Premier Li Keqiang has rejected an urbanization proposal drafted by the National Development and Reform Commission (NDRC), seeking changes to put more emphasis on economic reform, according to the sources, who are familiar with the matter. ...
British Prime Minister seeks answers after soldier hacked to death
Thu, 23 May 2013 04:46:16 -0400
By Maria Golovnina and Guy Faulconbridge LONDON (Reuters) - Prime Minister David Cameron convened an emergency meeting of his intelligence chiefs on Thursday after two Islamists hacked a soldier to death with meat cleavers on a south London street. A dramatic clip filmed by an onlooker just minutes after Wednesday's killing showed a man with hands covered in blood shouting Islamic slogans and promising revenge on Britain for its participation in wars in the Muslim world. "We swear by almighty Allah we will never stop fighting you. ...
Crane accident cuts power to one-third of Vietnam
Thu, 23 May 2013 04:45:57 -0400
HANOI, Vietnam (AP) — One mistake by a clumsy crane operator caused a 10-hour blackout over about a third of Vietnam, exposing the fragility of the nation's power grid.
IMF head Lagarde in court in fraud probe
Thu, 23 May 2013 04:45:28 -0400
PARIS (AP) — International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over a controversial financial deal that she oversaw as French finance minister.
Mothercare progress dented by slow UK recovery
Thu, 23 May 2013 04:43:55 -0400
LONDON (Reuters) - British baby and maternity products retailer Mothercare reported a better than expected rise in full-year profits on Thursday, but also revealed a slow pace of recovery at the group's core UK business. Mothercare's UK division, which accounts for 40 percent of group sales and is competing with a growing number of online retailers and supermarkets, made a loss of 21.7 million pounds for the year, after a 24.7 million pounds loss a year earlier. ...
Simultaneous car bomb attacks in Niger
Thu, 23 May 2013 04:41:57 -0400
NIAMEY, Niger (AP) — Attackers in Niger detonated two car bombs, one in the city of Agadez where a military barracks was targeted and one in Arlit where a French company operates a uranium mine, injuring more than a dozen people.
Man shot by FBI had spoken with bombing suspect
Thu, 23 May 2013 04:39:33 -0400
ORLANDO, Fla. (AP) — A Chechen immigrant shot to death in central Florida after an altercation with an FBI agent had several ties to that of one of the Boston Marathon bombing suspects who authorities were questioning him about at the time.
US, Israel raise hopes for Mideast peace restart
Thu, 23 May 2013 04:38:44 -0400
JERUSALEM (AP) — The United States and Israel raised hopes Thursday for a restart of the Middle East peace process, despite little tangible progress so far from U.S. Secretary of State John Kerry's two-month-old effort to get Israelis and Palestinians back to the negotiating table.
PM seeks answers after soldier hacked to death
Thu, 23 May 2013 04:38:02 -0400
By Maria Golovnina and Guy Faulconbridge LONDON (Reuters) - Prime Minister David Cameron convened an emergency meeting of his intelligence chiefs on Thursday after two Islamists hacked a soldier to death with meat cleavers on a south London street. A dramatic clip filmed by an onlooker just minutes after Wednesday's killing showed a man with hands covered in blood shouting Islamic slogans and promising revenge on Britain for its participation in wars in the Muslim world. "We swear by almighty Allah we will never stop fighting you. ...
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