IBT Staff Reporter

Mumbai held tearful memorials and police staged a show of strength on Thursday as India's financial hub marked the first anniversary of militant raids that killed 166 people and ratcheted up tensions with Pakistan.

The head of the German armed forces Wolfgang Schneiderhan has resigned over reports the military withheld information about a September 4 air strike in Afghanistan believed to have killed dozens of civilians.

Philippine police filed murder charges on Thursday against the main suspect in the massacre of 57 people in the south of the country this week as authorities moved to dismantle his clan's control over the region.

World powers are demanding that Iran immediately mothball a uranium enrichment site it hid for years, heightening fears it is planning to build atom bombs, in a resolution to be voted on by U.N. nuclear watchdog governors.

European banks were hit by concern about potential exposure to debt problems in Dubai on Thursday, while companies where Middle Eastern investors own big stakes also came under pressure.

Share trading on the London Stock Exchange has been halted by technical difficulties, a spokesman for the bourse operator said on Thursday.

Shares in banks, builders and companies part-owned in the Middle East fell around the world on Thursday and investors sought safety in government bonds on worries about Dubai's ability to pay its debts.

The dollar edged up from 14-year lows against the yen on Thursday as renewed risk aversion prompted investors to shed riskier assets, giving pause to broad dollar selling.

News, details on corporate bond issues in the European markets on Thursday:

Abu Dhabi is not going to crow publicly over Dubai's troubles. But it will use the opportunity to assert control over its upstart neighbour. The price for Abu Dhabi's help could be prize assets like airline Emirates. Dubai has little choice but to do what it is told.

Mahindra-Satyam shares fell to a 4-month low on Thursday, before recovering, on concerns over its outlook after Indian investigators filed new charges over accounting fraud that hit Satyam earlier this year.

Some retailers open today; Tightening Credit at Fannie; PCs Windows' Boon

Purse strings are loosening, new bets are being placed, and cautious optimism has caught on in the green technology sector.

China has unveiled its first firm target to curb greenhouse gas emissions, laying out a carbon intensity goal on Thursday that Premier Wen Jiabao will take to looming climate talks as his government's central commitment.

Debt problems in Dubai hit global stocks, helped lift bonds and took the dollar away from a 14-year low against the yen on Thursday.

A dollar bond sale by Saudi-backed Gulf International Bank (GIB) was pulled after Dubai's move to delay repayment on billions of dollars of debt owed by its two flagship firms, sources said on Thursday.

Debt problems in Dubai hit global stocks, helped lift bonds and took the dollar away from a 14-year low against the yen on Thursday.

The dollar rebounded from a 14-year low against the yen on Thursday as traders betting against the dollar seized on the broad risk reduction prompted by Dubai's debt problems to cash in on its recent slide.

Dubai's debt problems shook European banking shares on Thursday despite the emirate's efforts to minimize the impact of a debt restructuring plan at two of its biggest companies that raised fears of default.

Debt problems in Dubai weighed on stocks, helped lift bonds and stirred currency trades on Thursday, as the dollar hit a 14-year low against the yen and gold climbed to a new record high.

Fannie Mae plans to raise minimum credit score requirements next month and limit the amount of overall debt that borrowers can carry relative to their incomes, The Washington Post reported on Thursday.

Iraq's government launched its first channel on Google Inc's video website YouTube on Wednesday, which the prime minister said would allow the country to counter media lies and showcase its successes.

The dollar slumped to a 14-year low against the yen on Thursday, helping gold scale another record high, while Asian stocks faltered as investors digested a mixed batch of economic data.

Global miner BHP Billiton dismissed talk on Thursday that rival Rio Tinto was baulking at a proposed $116 billion joint venture in iron ore, insisting the two were close to a binding agreement.

Taiwan's Acer Inc, the world's No.2 PC maker, said Microsoft Corp's Windows 7 operating system launch last month has been positive for year-end PC sales, though the gains were within expectations.

Global miner BHP Billiton dismissed talk on Thursday that its iron ore partner, Rio Tinto , was baulking at their proposed $116 billion joint venture and said they were close to a binding agreement.

Toyota Motor Corp will fix the accelerator pedals in 4 million cars and trucks to address a safety issue linked to bursts of sudden acceleration and deadly accidents, the company and the U.S. government said on Wednesday.

To LeRoy Zimmerman, the taste of chocolate will always mean Hershey's.

Vicki Kennedy, the wife of Senator Ted Kennedy, opened up Wednesday on the Oprah Winfrey show for the first TV interview ever since the death of her husband.