IBT Staff Reporter

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Trichet Wants ECB Decision on Italy - Source

The European Central Bank will decide whether to buy Italian government bonds to try to stem the euro zone's debt crisis from widening in a crucial conference call on Sunday evening (one p.m. EDT), ECB sources said.

Casual Smoking on the Rise Among US Teens

Research shows that casual and occasional smoking is on the rise among U.S. high school students. While heavy smoking is down among teens nationwide, casual smoking rates are on the rise.

Westboro Church to Picket Funerals of Norway Massacre Victims

The Kansas-based Westboro Baptist Church has issued a press release saying that they will picket the funerals of the Norway victims who lost their lives when Anders Breivik set off a bomb in Oslo and gunned down 69 at a youth camp in the island of Utoya.

Thousands of Israelis Protest High Cost of Living

Hundreds of thousands of Israelis gathered in the streets of Tel Aviv and other major Israeli cities on Saturday night to protest the high cost of living for the middle class, in one of the largest social rallies in Israeli history.

French AAA rating stable: S&P

France's AAA rating is stable, ratings agency Standard and Poor's chief European economist Jean-Michel Six told France Inter radio on Sunday.

UN Asks Assad to End Violence Now

U.N. Secretary General Ban Ki-moon has urged Syrian President Bashar al-Assad to stop the use of force against civilians "immediately".

Dollar Expected to Weaken on S&P Move

The S&P cut in the U.S. long-term credit rating to AA-plus is an unprecedented blow. It called the outlook "negative," signaling another downgrade is possible in the next 12 to 18 months. The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday.

Global policymakers discuss debt crisis, market turmoil

Global policymakers held an emergency conference call on Sunday to discuss the twin debt crises in Europe and the United States that are causing market turmoil and stoking fears of the rich world sliding back into recession.

Global leaders to discuss debt crisis, market turmoil

Global policymakers were arranging emergency conference calls to discuss the debt crises in Europe and the United States that are causing market turmoil and stoking fears of the rich world sliding back into recession.

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