UNITED STATES

Global watchdog official says banking reforms must proceed

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The underperforming global economy should not be allowed to delay financial system reforms, a senior official at the Financial Stability Board , a global watchdog set up by the Group of 20 nations, said on Tuesday, adding that the FSB will propose new rules on so-called shadow banking by year-end.
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CalSTRS invests $500 million in infrastructure

The California State Teachers' Retirement System, the second-largest public pension fund, has made what it called one of the largest single U.S. fund management commitments to infrastructure, investing up to $500 million.
Alabama and Mississippi Republicans believe Obama is Muslim

Obama Approval Rating 2012 Reaches 50 Percent Mark

A poll shows that President Barack Obama’s approval rating has finally hit the magical 50 percent mark just as the job market is on its way to recovery, reported AFP. This puts the President at a double-digit point lead over Republican frontrunner Mitt Romney.
Walmart is the largest seller of food in the United States, and food accounts for more than half of the chain's annual sales

Walmart to Label Healthier Food as Great For You

Eggs are among the foods getting a new Great For You icon from the world's largest retailer as it tries to convince shoppers that they can make healthy, low-cost choices when picking out food at its U.S. stores.
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Iran Defaults on Rice Payments to India: Traders

Iranian buyers have defaulted on payments for about 200,000 tonnes of rice from their top supplier India, exporters and rice millers said on Tuesday, a sign of the mounting pressure on Tehran from a new wave of Western sanctions.

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