IBT Staff Reporter

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EU's Barroso: will soon present options on euro bonds

The European Commission will present options soon for the introduction of euro area bonds, Commission President Jose Manuel Barroso said on Wednesday, but warned it would not put an end to a debt crisis that threatens the economic and political future of Europe.

European stocks, euro reverse losses

European shares turned positive and the euro pared losses on Wednesday after the head of the European Commission said it would soon present options for the introduction of euro area bonds.

Train Accident in Tamil Nadu: 15 killed, more than 50 Injured

A passenger train rammed into a stationary train near Arakkonam junction, 75 km from Chennai at 9.30 pm on Tuesday, killing 15 people in the accident. More than 50 passengers were injured and officials say the number may go up as many were still trapped inside the train.

Moody's Cuts French Banks' Ratings as Euro Crisis Deepens

Moody's Investors Service cut the credit ratings of France's Credit Agricole SA and Societe Generale on Wednesday, citing their exposure to Greece's debt, a fresh blow to euro area leaders struggling to restore confidence in the region.

Oil falls as market seen capped by Europe crisis

Oil fell on Wednesday, pulling U.S. crude off six-week highs, as the dollar strengthened and investors saw little upside from declining inventories in an environment where anxiety over the euro zone debacle is overshadowing tightening supply.

Moody's cuts SocGen and CreditAgricole

Moody's Investors Service on Wednesday downgraded two of France's top banks, Societe Generale and Credit Agricole, in a new blow to efforts by European policymakers to restore market confidence in the region.

Asia corporate sentiment slides on global worries

Sentiment at Asia's top companies fell in the third quarter, hitting its lowest level since the fourth quarter of 2009 as doubts about the strength of the global economy weighed, a Reuters survey showed.

Rick Perry Comes Under Fire Over HPV Vaccine

In a heated stand-off between Republican Presidential candidates during Monday's Republican presidential debate, Texas Governor, Rick Perry, was caught in the crossfire over his 2007 executive order that required Texas schoolgirls to receive vaccinations against the sexually transmitted HPV virus.

BOJ Miyao warns of Europe woes, risks to Japan recovery

Japan's economy may get less support than expected from overseas demand as Europe's debt woes escalate and U.S. growth slows sharply, a Bank of Japan policymaker said, painting a bleak picture for the prospects of recovery from the March earthquake and tsunami.

China, U.S. raise alarm over euro debt crisis

China and the United States urged Europe's leaders to prevent the euro area debt mess from spreading, underlining the international alarm over a crisis now threatening Italy, the zone's third-biggest economy.

Global Stocks Fall as Euro Crisis Saps Confidence

Asian stocks, U.S. index futures and the euro fell on Wednesday as investors remained unconvinced that euro zone leaders have a coherent plan to tackle the bloc's sovereign debt problems, which many fear could trigger a new banking crisis.

Wal-Mart aims to do more work with women

Wal-Mart Stores Inc will double the money it spends with women-owned businesses, train women around the world and push major suppliers to use more women and minorities on work they do for the retailer as it keeps trying to shed a poor corporate image.

Samsung Card eyes block deals, IPO for Everland stake

Samsung Card said on Wednesday it planned to sell a 20.64 percent stake in unlisted affiliate Samsung Everland through a block deal or initial public offering, in a deal media reports estimate could be worth more than 1 trillion won ($928 million).

Samsung Group shake-up seen with Everland stake-sale plan

Samsung Card <029780.KS> said on Wednesday it planned to sell a 20.64 percent stake in unlisted affiliate Samsung Everland through a block deal or initial public offering, in a deal media reports estimate could be worth more than 1 trillion won ($928 million).

Yahoo board to meet to review options: source

Yahoo's board will meet on Wednesday to discuss a wide range of options facing the troubled Internet firm, including the search for a new chief executive, a source with knowledge of the situation told Reuters.

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