Wednesday, August 11, 2010

International Headlines

Date: Aug 11, 2010 5:02 AM
>TOP STORIES as of 0900 GMT -- 11 August, 2010

> RWANDANS AWAIT FINAL RESULTS WITH INCUMBENT FAVORED
Final results in Rwanda's second presidential election since the
1994 genocide are expected, with Paul Kagame favored to return
to power.

> MILITARY CHIEF TO FACE FLOTILLA INQUIRY
The head of Israel's military is expected to testify Wednesday
on the third day of the nation's inquiry into the mid-sea
interception of a humanitarian aid flotilla that left nine
people dead.

> VENEZUELA, COLOMBIA RENEW TIES
President Hugo Chavez and President Juan Manuel Santos have
re-established diplomatic relations between their countries
after meeting in Santa Marta, Colombia.

> POWERFUL EARTHQUAKE RATTLES VANUATU
A strong earthquake struck the island nation of Vanuatu on
Wednesday, the U. S. Geological Survey said.

> SUICIDE BOMBERS HIT KABUL GUEST HOUSE
Two suicide bombers attacked a guesthouse in central Kabul
Tuesday, killing three people, said Afghanistan's Interior
Ministry.

> GROUPS WORRY OVER WIKILEAKS POSTINGS
Several humanitarian organizations have reached out to WikiLeaks
to warn that the leaked documents it posts on its site could
endanger the lives of civilians whose names appear in them,
according to an e-mail exchange that apparently was leaked.

> HEATWAVE HITS RUSSIAN GROWTH FORECAST
Russia has begun counting the economic toll of the worst
heatwave since records began as economists warned that the
wildfires and disastrous summer harvest could wipe as much as 1
per cent off the country's economic growth.

> U.S. SENATOR AMONG PLANE CRASH VICTIMS
Ex-Sen. Ted Stevens' family won't confirm reports he was on a
plane that crashed in Alaska. A colleague says Ex-NASA chief
Sean O'Keefe was on the plane.


~~~~~~~~~~~
BUSINESS
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> NO EVIDENCE OF TOYOTA THROTTLE FAULTS
A preliminary US government investigation has found no evidence
of defects in Toyota's electronic throttle control systems,
pointing instead to driver error as the main cause of accidents
blamed on unintended acceleration.

> CHINA BANKS TOLD TO ACCOUNT FOR LOANS
Chinese banks have been ordered to account for around Rmb2,300bn
($340bn) in off-balance sheet loans in a move that could put
some lenders under serious stress and require another large
round of capital-raising.

> FEDERAL RESERVE: RECOVERY LOSING STEAM
The U.S. economic recovery is weakening, the Federal Reserve
warned at the conclusion of its meeting Tuesday, its most
bearish outlook in more than a year

Tuesday, August 10, 2010

Markets, Tuesday, 08/10/2010

Date: Tue, 10 Aug 2010 17:31:07 -0400

|---------------------------------------------------------------------------|
| Dow : 10,644.25 down 54.50 | S & P : 1,121.06 down 6.73 |
| NASDAQ: 2,277.17 down 28.52 | Bond (10Y): 2.78% down 0.041
|---------------------------------------------------------------------------|

MARKETS:
Stocks recoup losses after Fed
Stocks pare losses after the Fed says recovery is weakening. Central
bank will not shrink its balance sheet to help keep the economy on
solid ground.

House approves $26 billion in aid for states to prevent teacher layoffs and bolster Medicaid.

Date: Tue, 10 Aug 2010 15:31:04 -0400

House approves $26 billion in aid for states to prevent teacher
layoffs and bolster Medicaid.

Fed acts to stimulate economy through debt repurchases, maintains rates near zero percent.

Date: Tuesday, August 10, 2010


Fed acts to stimulate economy through debt repurchases, maintains
rates near zero percent.

Fed holds rates at record low; bank to reinvest proceeds of mortgage-backed securities

Date: Tuesday, August 10, 2010

Fed holds rates at record low; bank to reinvest proceeds of
mortgage-backed securities
08/10/2010 02:18:35 PM EDT

Breaking News - Sen. Ted Stevens dies in Alaska plane crash

Date: Tuesday, August 10, 2010

JUNEAU, Alaska - A spokesman for the family of Ted Stevens says the
former senator has died in a plane crash in Alaska. Mitch Rose tells
The Associated Press that the family had been notified that the
86-year-old Stevens was among those killed.

Unusual uncertainty clouds Fed meeting

Date: Tuesday, August 10, 2010

UNUSUAL UNCERTAINTY CLOUDS FED MEETING
Federal Reserve officials kick off their one-day meeting, as
economists offer predictions about what steps they might take in
response to the recent downshift in economic growth.

TUI TRAVEL LEADS DECLINERS IN WEAK FTSE INDEX
Travel stocks and house builders fall in British trading, amid signs
that the environment is getting tougher for firms closely leveraged to
consumer spending.

BANK OF JAPAN STANDS PAT ON RATES, OUTLOOK
The Bank of Japan votes unanimously to leave its policy interest rate
unchanged, as widely expected, while also keeping its economic outlook
steady and announcing no new major monetary easing moves.

NONFARM PRODUCTIVITY DROPS 0.9% IN SECOND QUARTER
The data mark the first decline after five quarters of strong
productivity growth. But figures also hint at the need for employers
to begin bringing on new hires.

THE JOBLESS RECOVERY WON'T GO FURTHER WITHOUT JOBS
A drop in productivity shows that American workers are stretched to the limit.