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Asian Shares Fall After U.S. Deficit Deadlock

Asian shares edged down Tuesday as fears about the ability of politicians on either side of the Atlantic to tackle huge debt burdens sapped investors' confidence in the outlook for Western economies.

Egyptian police battle protesters, 33 dead

Egyptian riot police clash with protesters at Tahrir Square in Cairo
Cairo police fought protesters demanding an end to army rule for a third day on Monday and morgue officials said the death toll had risen to 33, with many victims shot in the worst violence since the uprising that toppled President Hosni Mubarak.

Areva denies France job: cuts report

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France's Areva denied a report by Agence France Presse that said the state-owned nuclear reactor maker was planning over 1,000 job cuts in France as part of a strategic overhaul under new management.
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Gold jewelry

Gold Falls Below $1,700, Support Seen at $1,680

Gold prices tumbled below the psychologically significant $1,700 level Monday as fears that neither the U.S. nor Europe appear able to make progress on their sovereign debt problems drove investors to the dollar.
Egypt: Ban Ki-moon Voices Alarm after Clashes in Cairo

Death Toll Hits 33 on Third Day of Egypt Clashes

Cairo police fought protesters demanding an end to army rule for a third day on Monday and morgue officials said the death toll had risen to 33, making it the worst spasm of violence since the uprising that toppled President Hosni Mubarak.
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Moody's warns on French rating outlook

A rise in interest rates on French government debt and weaker growth prospects could be negative for the outlook on France's credit rating, Moody's warned in a report on Monday, adding to pressure on European debt markets.
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EU's Barnier: Tougher rules must precede euro bonds

Michel Barnier, the European Union's markets commissioner, said on Sunday he was in favor of euro zone countries pooling their debt together but warned that tougher oversight of national budgets was needed first.
U.S. Defense Budget

Imperial Overstretch: Is A Bloated Defense Budget Weakening the U.S.?

U.S. overspending on the military has diverted resources from civilian / social investments, weakening the economy, and, by extension weakening the nation. If it doesn’t substantially cut defense spending, the U.S.’s empire will likely share the fate of two other empires that overspent on the military -- the British Empire and the Soviet Union.
IMF's chief of mission Thomsen and IMF's senior representative for Greece Traa leave the parliament building in Athens

Greece's New PM Heads for Brussels in the Search for Cash

Greece's new prime minister headed to Brussels on Sunday to fight for the aid Athens needs to avoid bankruptcy, even as one of his coalition backers refused to give a written pledge to support reforms and a public-sector union readied itself for strikes.
Gold

Mystery Gold Buyers from China, India?

World Gold Council's third-quarter demand report showed central bank buying going far above most analysts estimates. Analysis shows the mystery buyers to be China or India.
German Chancellor Merkel and Britain's Prime Minister Cameron attend news conference after talks at Chancellery in Berlin

Germany's Merkel and the UK's Cameron: She Said, He Said

While German Chancellor Angela Merkel and British Prime Minister David Cameron have tried to put a happy face on their Friday meeting in Berlin, the two prominent European leaders differ sharply on ways to resolve the Eurozone debt crisis.
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European bank chief urges action on rescue fund

European Central Bank chief Mario Draghi told euro zone governments on Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in responding to the escalating debt crisis.
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Merkel, Cameron differ on euro crisis weapons

The leaders of Germany and Britain sent out conflicting signals on Friday about how to solve the euro zone's debt crisis and admitted they had failed to narrow differences over the introduction of a financial transaction tax in Europe.

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