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World News
From The Financial Times
- US hopes of housing recovery subside
- Hopes that the beleaguered US housing market may be in the early stages of a recovery were dented after an index of pending home sales recorded an unexpectedly steep 4.7 per cent drop in May
- Russians warn over US-Czech missiles barrier
- Russia warned that it would be forced to make a military response if elements of the planned US missile defence system began to be deployed in the Czech Republic
- Fed ready to extend bank aid
- Large US investment banks will be able to access emergency cash from the Federal Reserve into next year if market turmoil persists, Ben Bernanke said in a sign of the growing concern among policymakers that financial strains could continue for some time
- Hunger for victory defines Obama
- Recent history says that Barack Obama will have to fight a bitter campaign if he is to scrape a narrow victory for the White House. But a number of independent operatives believe an Obama landslide is a growing possibility
- Alberta to capture CO2 with oil sands revenue
- The Canadian province will set aside C$4bn of its oil and gas royalties for initiatives to trap and store emissions from oil sands projects and improve public transport
- Beijing must be tougher on Tehran
- China's reluctance to forgo juicy economic and energy deals with Tehran is based on simple, almost syllogistic logic, writes Philip Gordon
- Baghdad pushes for foreign troop pull-out
- Iraq's national security adviser insisted that his government would not sign an agreement governing the future role of US troops in Iraq unless it included a timetable for their withdrawal
- SEC finds conflicts at rating agencies
- Credit rating agencies failed properly to manage conflicts of interest in assigning top ratings to bonds backed by subprime mortgages and other assets, the Securities and Exchange Commission has concluded
- Fiorina has hopes of White House job
- Carly Fiorina has made clear she would be open to a job in John McCain's administration should he win the presidential election, amid speculation touting her as a potential running mate for the Republican candidate
- Fed and SEC in data share agreement
- The US Federal Reserve took a step towards consolidating its position as the main financial regulator by forging an agreement that gives it permanent access to information on risk-taking by investment banks
- Pessimism in US over prospects for growth
- Nearly 80 per cent of senior executives at small and medium-size US manufacturing companies are pessimistic about the prospects for economic growth, according to a survey to be published
- New Yorkers wooed for their money
- US presidential presumptive nominees Barack Obama and John McCain now seek to woo the extensive New York fundraising networks built up by former candidates Hillary Clinton and Rudolph Giuliani
- Bush says China key to climate progress
- The US president said he was prepared to be 'constructive' in talks on climate change, but insisted any deal was contingent on the participation of China and India
- Obama wants ban on risk-based pricing
- A Barack Obama administration would seek to ban risk-based pricing on all individual health insurance plans to stop companies cherry-picking healthy customers, a senior adviser has said
- Obama repositions
- Some reversion to the centre was inevitable after the primaries. Case by case, Obama can explain the changes. Still, his new centrism carries risks
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