Japan to join Hague Convention on child custody
In a significant step taken by Japanese lawmakers, Japan has decided to join the child-custody agreement, the Wall Street Journal reported on Friday.
Dominique Strauss-Kahn offers to resign, race for successor on
It is confirmed that Dominique Strauss-Kahn has announced his resignation from as the International Monetary Fund (IMF) Chariman. He is amidst sexual assault charges and a growing pressure of doubt in his ability to run the organization. A resignation letter from Strauss-Kahn to the IMF board described his denial to the allegations and hopes of protecting the institution.
Cephalon Investor Meeting Takeaways on Acquisiton by Teva: Analyst
RBC Capital Markets hosted an investor meeting with Cephalon Inc.'s (NASDAQ: CEPH) chief financial officer Wilco Groenhuysen and chief marketing officer Lesley Russell. The brokerage listed out key takeaways regarding the proposed acquisition of Cephalon by Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA).
U.S slaps sanctions on Assad
The United States has slapped sanctions on President Bashar al-Assad for the violation of human rights, reported Reuters on Wednesday.
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Gold Price Steady, Silver Drops 4%
U.S. Dollar Gold Prices continued on Monday morning where they'd left off on Friday, zigzagging around $1495 while global stock markets fell along with major industrial commodities oil and copper.
Strauss-Kahn’s arrest and absence looms over key Euro Zone Meeting in Brussels
The meeting of euro zone finance ministers and other luminaries in Brussels, Belgium has been rocked by the arrest of International Monetary Fund (IMF) managing director Dominique Strauss-Kahn over the weekend in New York on sexual assault charges.
Dark days in Lisbon: Portugal sinks into recession
The Portuguese economy contracted for the second straight quarter, placing the debt-strapped country into another recession as the Lisbon government anxiously seeks to reduce spending and increase taxes.
EU decides to temporarily terminate Schengen policy, restrict free travel
The European Union (EU) has decided to stop its free travel policy across the continent in the midst of fears of migrants fleeing Africa due to the unrest.
Greek unions take to the streets anti-austerity strike
Public services have been halted including trains, ferries and flights have been disrupted by the protests in Athens on Wednesday morning.
Price to Buy Gold Hits 1-Week High, Silver Regains 1/3rd of 30% Plunge
Gold rallied to one-week highs at $1526 per ounce in Wednesday morning trade - a gain of 4.3% from last Friday's low - before falling back as world stock markets also cut their rally. Silver has now regained a third of its losses since falling over 30% from a 31-year peak of $48.70 at the end of April.
Strikes against austerity program brings Greece to standstill
Greece has been brought to a standstill by a massive strike called by labor unions to protest to government’s austerity programs.
Libyans turn to illegal fishing, greens blame it on unrest
Due to the current unrest in Libya there will not be an effective monitoring and enforcement of the fishery in its waters, it will risk an internationally agreed recovery plan for the severely overfished species.
There are reports that several Libyan vessels, legally unauthorized to fish for bluefin, have left from European ports in France (Sète) and Malta.
Greek unions plan massive nationwide rally to protest government austerity one year after EU bailout
Greek labor unions, students and others are planning massive a nationwide rally and general strike for tomorrow to protest the government’s austerity budget and deep spending cuts, as well as the imposition of European Union (EU) and International Monetary Fund (IMF) onto the country’s affairs.
Xoma Could Initiate Pivotal Behcet’s Trial by Year-End 2011: Analyst
RBC Capital Markets said Xoma Ltd. (NASDAQ: XOMA) continues to make steady albeit measured progress toward initiating a pivotal trial in Behcet’s disease, which could begin by year-end 2011, pending regulatory feedback.
Morning Digest on Arab Unrest
The European Union has imposed an arms ban on Syria, besides a freeze and visa ban on 13 top Syrian officials, including the brother of President Bashar al-Assad. Fifty-four Somalis trying to escape Libya are feared dead after an overcrowded boat with hundreds aboard capsized off the coast of Tripoli.
Palestinians not to get salaries as Israel withholds payments
Palestine Prime Minister Salam Fayyad said on Monday that the Palestine Authority (PA) will not be able to pay the salaries of its employees on time this month due to Israel's hostile stand.
Pakistan PM's speech on Osama bin Laden situation (FULL-TEXT)
Pakistan Prime Minister Yousuf Raza Gilani addressed his country's Parliament on the Osama bin Laden operation in Abbottabad.
Greece may need another bailout, but we won’t contribute to it: UK
The British Chancellor of the Exchequer George Osborne has warned that Greece may need additional bailout funding, but that the U.K. is unlikely to contribute to any such payouts.
Week Ahead in Life Sciences
Wedbush Securities said that among the companies it covered in Life Sciences this week Chelsea Therapeutics International Ltd. (NASDAQ: CHTP) and Pacira Pharmaceuticals Inc. (NASDAQ: PCRX) are reporting earnings.
Portugal to sink into deep 2-year recession after bailout pact: finance minister
The Portuguese will likely descend into a deep recession over the next two years, after Lisbon country signed terms of a bailout from the European Union, warned the country’s finance minister.
Rising tide of criticism against US killing of Osama
Kenneth Roth, the executive director of Human Rights Watch (HRW), has criticized the U.S. government for killing Al Qaeda chief Osama bin Laden without due process.
Gunmen attack police in northern Turkey after Erdogan rally
Gunmen ambushed a convoy of police in northern Turkey shortly after a rally was held there by Prime Minister Recep Tayyip Erdogan, according to Turkish media reports.
Silver Prices Sink into Bear Market, Gold Favored as Mexico Leads Central-Bank Accumulation
Gold sat tight as Silver Prices sank once more in London trade on Wednesday morning, holding above last night's 2-session low of $1528 per ounce while silver dropped to new 3-week lows, flirting with the technical definition of bear market.
World leaders hail death of Osama Bin Laden
Here is a selection of comments from prominent global figures on news of the death of Osama Bin Laden:
Mugabe to attend pope’s beatification ceremony in Vatican
The beatification ceremony of the late Pope John Paul II in the Vatican will have at least one very unusual guest – Robert Mugabe, the murderous dictator of Zimbabwe.
Protests planned across Syria as west seeks to impose sanctions on Assad
The Syrian government has deployed troops on the streets of the capital Damascus with tear gas to stamp out yet another round of anti-regime protests, according to reports.
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