August 26, 2013
Argentina loses $1.3bn debt court appeal
Argentina has been told again it must pay back more than $1.3bn (£830m) to a group of investors - 11 years after its record debt default. A New York appeals court unanimously rejected every Argentine argument against the payout. The decision is the…
August 26, 2013
N.Y. attorney general suing Trump’s school for fraud
New York's attorney general accused Donald Trump in a lawsuit Saturday of defrauding students who studied at the billionaire mogul's investment institute, though Trump's representative said a large majority of the school's alumni were satisfied with…
August 26, 2013
Jump in mortgage rates hurts new home sales
Americans cut back sharply in July on their purchases of new homes, a sign that higher mortgage rates may slow the housing recovery. US sales of newly built homes dropped 13.4 per cent to a seasonally adjusted annual rate of 394,000, the Commerce…
August 26, 2013
IMF’s Lagarde urges caution over withdrawing stimulus
The head of the International Monetary Fund has warned central banks not to end their stimulus measures too soon. Christine Lagarde said stimulus policies were still needed in some regions, especially Europe and Japan. With signs that the global…
August 26, 2013
German budget surplus jumps in first half of year
Official figures show Germany's budget surplus rose to 0.6% of gross domestic product (GDP) in the first half of the year, boosted by higher tax income. The government pulled in 321.4bn euros in taxes, 3.8% more than a year ago thanks to its steady…
August 26, 2013
German News Report says US Spied on United Nations
A leading German news magazine says the U.S. National Security Agency, NSA, has eavesdropped on the United Nations, penetrating the world body's internal video conference system to decode data.Der Spiegel, in a report Sunday, linked its latest U.S.…
August 26, 2013
Closing Arguments to Begin in China’s Bo Xilai Trial
Closing arguments are expected Monday in the sensational corruption trial of disgraced Chinese politician and former Politburo Bo Xilai.Bo is accused of taking bribes from a wealthy businessman, embezzlement, and abuse of power.In his final day of…
August 26, 2013
Car Bombings, Shootings Kill 46 in Iraq
Sectarian violence struck Iraq Sunday with car bombings and shootings leaving at least 46 people dead and more than 100 wounded.The city of Baqouba was one of the hardest-hit areas. Car bombs blew up in a residential neighborhood and at a…
August 26, 2013
Egyptian Courts Postpone Cases Against Mubarak, Brotherhood Figures
Egyptian courts have held hearings in separate cases against deposed former President Hosni Mubarak and leaders of the Muslim Brotherhood, his longtime political foe. In both of Sunday's hearings, judges adjourned the cases citing procedural…
August 26, 2013
Mugabe Threatens Foreign-Owned Firms Over Sanctions
Zimbabwe President Robert Mugabe has threatened to take retaliatory actions against foreign owned companies in response to Western sanctions against his rule.During a speech at a funeral Sunday, Mr. Mugabe said the United States and Britain should…