UNITED KINGDOM

Britain backs Syria-EU pact despite concerns

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Britain supports signing an economic pact between Syria and the European Union despite its concerns about human rights violations by Damascus, a British official said on Tuesday.
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Sexting craze on the rise among British children

A growing number of British teenagers are swapping sexually explicit images of themselves on mobile phones leaving them open to bullying and victimization by their peers, police and a children's charity said on Tuesday.
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Iranian moderate vows to keep pressure on president

Prominent defeated presidential candidate Mehdi Karoubi on Tuesday vowed to keep up pressure on President Mahmoud Ahmadinejad whose re-election sparked off Iran's worst unrest since the Islamic Revolution of 1979.
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HSBC, Barclays profits hit by surge in bad debt

HSBC and Barclays on Monday reported a surge in bad debts to a combined $21 billion as recession took its toll on borrowers, but Britain's two biggest banks offered encouragement they could be through the worst.
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Daily Forex Commentary-3 August 2009

The Australian Dollar opens higher on Monday at 0.8355 after signs emerged on Friday night that the economic decline in the United States is moderating therefore reducing the allure of the greenback as a safe haven.
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Roadside bomb kills 12 in Afghanistan's west

A roadside bomb attack claimed by the Taliban killed at least 12 people in a key commercial city in western Afghanistan Monday, officials said, amid worsening security before a presidential poll this month.
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Head of English Catholics warns about emails/texting

The head of the Roman Catholic Church in England and Wales is concerned that excessive use of emails and mobile phone text messaging is creating shallow friendships and undermining community life, according to an interview published on Sunday.
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HSBC's Maldonado blends science with art

HSBC's Bill Maldonado is a man who loves to mix science with art -- be that in running Halbis's hedge fund business, riding his high-power Ducati motorbike on a race track or piloting a light aircraft.
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Iran tries 100 moderates over election unrest

The trials began on Saturday of 100 prominent moderates arrested shortly after Iran's disputed June presidential election and charged with trying to overthrow the clerical establishment, Iranian media reported.
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Unity Media prepares $1 billion listing: sources

Unity Media, Germany's No. 2 cable operator, is preparing for an initial public offering toward the end of this year, raising as much as 1 billion euros ($1.4 billion), people familiar with the matter said.
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Stanchart may buy RBS India, China retail ops: report

Standard Chartered is set to buy Royal Bank of Scotland's retail and small and medium enterprises operations in India, China and Malaysia for about $250 million, the Economic Times said on Friday, citing two unnamed sources familiar with the deal.
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Daily Commentary - 31/07/2009

The Aussie experienced a stunning turnaround in Asia yesterday rallying consistently throughout the day from 0.8140 to enter offshore exchange back above 82 cents. The local housing market continues to prove resilient as building approvals and housing finance data both came in higher than expected.
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EBay says no changes to Skype IPO plans

EBay Inc shrugged off speculation on Thursday that its planned spinoff of Skype could be in danger, given an ongoing dispute over the technology used in the online telephone unit and new plans to develop proprietary software.

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