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An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.Africa's rand steadies, stocks rise

South Africa's rand steadied against the dollar on Friday but faced further losses after a turbulent week in which it hit its weakest levels in more than a year as investors spooked by debt woes in the U.S. and Europe fled to safer havens like the yen.
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Wall St up as retail sales overshadow sentiment

U.S. stocks rose about 1 percent on Friday as mildly encouraging retail sales put the S&P on track for a two-day winning streak for the first time since mid-July as investors shrugged off weak consumer sentiment data.
Rating the Rating.

SEC Investigation of S&P: Could be Bad Move for Obama

The U.S. Securities and Exchange Commission (SEC ) is now looking into potential insider trading by Standard & Poor's employees before the rating agency's decision to downgrade the U.S.'s long-term debt, according to Financial Times.
At Issue: The Afghanistan War

Navy SEALs Afghanistan: General Says Crash Happened During Pursuit, Not Rescue

Contradicting earlier official reports, the top American commander in Afghanistan told reporters that the 17 Navy SEALs killed alongside 13 other U.S. troops and eight Afghan commandos were not on a rescue mission, The Daily reported. Instead, their helicopter came under fire after they had been called in to chase fleeing Taliban fighters.
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Wall St rises as retail sales overshadows sentiment

U.S. stocks rose about 1 percent on Friday as mildly encouraging retail sales put the S&P on track for a two-day winning streak for the first time since mid-July as investors shrugged off weak consumer sentiment data.
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Fed's Dudley says cut his view of pace of recovery

Disappointing economic growth in the first half of 2011 clearly can not be blamed only on one-off factors, one of the central bank's most influential policymakers said on Friday, adding he had cut his expectations for the pace of the recovery.
Wyclef Jean stands with members of an amputee soccer team during a ribbon cutting ceremony in Port-au-Prince

Wyclef Jean offers new skills to quake-hit Haitians

James Tabuteau has been living in a ramshackle tent camp in Haiti's capital since last year's catastrophic earthquake wrecked his home, struggling to find enough unskilled temporary work to feed his young family.

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