IBT Staff Reporter

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Dubai cancelled over 200 property projects: prospectus

Dubai's real estate watchdog canceled as many as 217 registered property projects over the past two years after the burst of the property and asset bubble, according to information in a prospectus for Dubai's planned bond issue.

Volcanic ash cloud extends flight cut

Some of the flights cancelled on June 9, eight days after a Chilean volcano started erupting , have still been held in abeyance due to ash cloud created by a volcanic eruption.

China inflation may top 6 percent in June: expert

China's inflation rate may accelerate to more than 6 percent year-on-year in June, which could bring the full-year consumer price index for 2011 to as high as 5 percent, a government researcher said in remarks reported on Sunday.

Architect of US Embassy Bombings Killed

Fazul Abdullah Mohammed, the planner of the U.S. embassy attacks in Tanzania and Kenya in 1998 was killed last Tuesday at a police checkpoint, Somali authorities said Saturday.

Israel's Fischer challenges Lagarde for IMF head

Bank of Israel Governor and former IMF deputy chief Stanley Fischer said on Saturday he would run for the top job at the International Monetary Fund, presenting a new challenge to front-runner Christine Lagarde.

IMF latest target in string of cyber attacks

The International Monetary Fund has been hit by a cyber attack on its computer systems, an IMF spokesman said on Saturday, highlighting a growing rash of network break-ins at high-profile institutions.

Luongo defies critics, thrives under pressure

Vancouver Canucks goaltender Roberto Luongo has been called a choke artist by his critics because he has performed lower than normal in a handful of big games, going all the way back to his pre-Canuck years. But given the way he shut down the Bruins last night when he absolutely had to, maybe he needs maximum pressure to bring out his best.

Saudi calls for greater role in IMF on Lagarde visit

Saudi Arabia will seek a greater role in the International Monetary Fund , its finance minister said on Saturday after meeting with France's Christine Lagarde on her campaign to head the Washington-based lender.

Weiner to seek treatment

Congressman Anthony Weiner, the scandal plagued lawmaker who admitted to conducting several extramarital conversations with at least six women over 3 years told top Democratic officials he will seek treatment.

Pelosi mounts pressure on Weiner to stand down

Colleague and House Democratic Leader Nancy Pelosi added to pressure on Rep. Anthony Weiner, D-NY to resign, calling on him to step down from office and seek help after following reports on Friday that police had investigated Weiner's direct message contacts on online to a 17-year old girl.

Weiner Will Seek Treatment; Leave of Absence From House

Congressman Anthony Weiner, the scandal plagued lawmaker who admitted to conducting several lewd and inappropriate extramarital conversations with at least six women over 3 years told top Democratic officials he will seek treatment and leave of absence from House.

Top Democrats Call For Weiner's Resignation

Just hours after Congressman Anthony Weiner left his home to take hour his dirty laundry, two of the top Democrats in the country simultaneously signaled they wanted to do the same with theirs.

Israel's Fischer running for head of IMF

Bank of Israel Governor Stanley Fischer said on Saturday he had decided to stand as head of the International Monetary Fund, presenting a potential serious challenge to front-runner Christine Lagarde.

Belmont track conditions: Cloudy, wet, chance of rain

The track condition at Belmont Park, where the Belmont Stakes will be run today at 6:35 p.m., is officially rated at good, but the track is wet and will likely remain so with heavy clouds over the New York metropolitan area.

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