UNITED STATES

France denies Iran given new fuel swap proposals

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Iran is studying proposals from the United States, Russia and France on a nuclear fuel swap, an Iranian news agency reported on Monday, but Paris said the only valid offer was an existing deal that Tehran has yet to accept.
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Pakistani lawyers boycott courts over judges row

Many Pakistani lawyers boycotted courts on Monday in a protest against President Asif Ali Zardari, who is embroiled in a potentially destabilizing dispute with the judiciary over the appointment of judges.
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Daily Forecast - 15/2/2010

The Aussie dollar collapsed in early European exchange following the announcement from the PBOC to lift the reserve ratio required by banks by 0.5%, a move aimed at limiting asset bubbles which will also have the effect of slowing economic growth in China.
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Luxembourg summit to discuss future of bank secrecy

High-level talks in Luxembourg on Sunday will assess whether there is a future for what remains of bank secrecy in Europe in the face of international pressure, but offshore centers are struggling to find common ground.
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Iraq election officials confirm Sunni candidate ban

Iraqi officials confirmed on Saturday that appeals by prominent Sunni politicians against a move to ban them from next month's election had failed, opening the door to sectarian recriminations that could mar the vote.
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Wen warns of challenges as China welcomes new year

Chinese Premier Wen Jiabao warned his people to keep a sober mind about the challenges ahead in the new year as the country welcomed the arrival of the Year of the Tiger with noisy celebrations on Saturday.
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White House to post health bill before Feb 25 meeting

The Obama administration on Friday invited 12 Democratic members of Congress and nine Republicans to a February 25 conference on healthcare and said it would post its proposal for a legislative overhaul online before the event.
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This Week In Petroleum

Groundhog Day, which is celebrated in the U.S. and Canada on February 2nd, has its origins in European weather folklore, where a badger rather than a groundhog is the weather forecaster. The most famous Groundhog Day celebration occurs in Punxsutawney, Pennsylvania. Tradition holds that if Punxsutawney Phil sees his shadow when emerging from his burrow, as he did this year, there will be six more weeks of winter weather. Overcast conditions and the absence of a shadow signify warmer weather for ...
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Games open in Canada's wintry indoor paradise

A snowboarder soared through the Olympic rings and skiers schussed down mountains in the unlikely confines of a stadium as Canada whipped up a wintry wilderness for Friday's opening of the 2010 Winter Games.
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Consumer watchdog threatens financial reform

A fight over an Obama administration proposal to create a new U.S. watchdog for consumer financial products threatened on Friday to derail progress toward tighter bank and capital market regulation, amid much posturing on both sides.
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Toyota to recall 8,000 Tacomas in U.S.: document

Toyota Motor Corp will recall about 8,000 model-year 2010 Tacoma pickup trucks in the United States, the latest in a series of recalls that have hurt the automaker's sales and its reputation for quality.
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Clinton back at work on Haiti after heart procedure

Former President Bill Clinton got back to work on Friday on Haiti relief a day after a successful heart procedure at a New York hospital to open a blocked artery to his heart that caused him chest discomfort.
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New effort to revive U.S. biodiesel credit

Senate leaders have dropped from a jobs creation bill a U.S. tax credit for biodiesel, creating uncertainty for biodiesel makers, who say they need the incentive to keep running.
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Stock market dips on China and EU worries

U.S. stocks finished slightly lower on Friday as China took another step towards monetary policy tightening and Europe reported a weaker than expected Gross Domestic Product (GDP).

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