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China warns of choppy Treasury market

China's central bank governor urged Washington Wednesday to act responsibly to deal with its debt issues, saying uncertainty in the Treasuries market will undermine the international monetary system and hamper global growth.

Google+ Fastest Ever to Reach 25 Million Visitors, Still Not the Best?

Google+
Can Google+ emerge as the winner of the so called "social media war?" A clear-cut answer to this question is not possible to give as of now. But one thing, which is very impressive about this new social network, is that it is growing much faster than its rivals like Facebook, Myspace and Twitter.
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Swiss franc roars as markets dump risk

The Swiss franc held hefty gains in Asia on Wednesday, having rocketed to record highs as investors scrambled for a safe haven on renewed tensions in the euro zone debt market and worries about a global slowdown.
Financial Crisis: U.S. Debt Ceiling in Pictures

Obama: Taxes Will Go Up

The Senate finally voted 74-26 to raise the debt ceiling to over 2 trillion dollars this afternoon and slash federal spending by a similar amount. As soon as President Obama officially signed the bill in the White House to allow the nation to continue borrowing money while increasing citizen taxes, he told America "Everyone is going to have to chip in. It's only fair."
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Moody's confirms U.S. rating at Aaa, outlook negative

Moody's Investors Service on Tuesday confirmed its Aaa rating of the United States, citing the decision to raise the debt limit, but assigned a negative outlook that could pressure lawmakers to cut the U.S. deficit.
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Charlie Sheen's "Men" character to get TV funeral?

Charlie Sheen's "Two and A Half Men" character will not only be killed off, he will be given a funeral when the TV series returns in September, according to entertainment industry website Deadline Hollywood.
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Fitch keeps US AAA rating, review ongoing

Fitch upheld its AAA rating on the United States on Tuesday after lawmakers approved spending cuts to avoid a U.S. default, but it warned the world's largest economy must cut its debt burden to avoid a future downgrade.
Oxygen in Orion

Herschel Uncovers Elusive Oxygen Molecule Hidden in Orion Nebula

The molecules were detected in the star-forming region of the Orion constellation. The amount of oxygen found is ten times larger than what was indicated by previous observations of other molecular clouds, but is still well below theoretical expectations, according to ESA.
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Shadowy shell companies targeted by Senate bill

State governments would have to identify persons forming corporations under legislation that was reintroduced on Tuesday in the Senate, taking aim at shadowy shell companies and anonymous corporate owners.
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Russian PM Putin Denounces US as a ?Parasite? on Global Economy

Russian Prime Minister Vladimir Putin on Monday gave a speech to pro-Kremlin youth in which he accused the United States of acting like a "parasite" on the global economy by massing up uncontrollable debts that threaten the financial system of the world.
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Fitch keeps U.S. AAA rating, review ongoing

Fitch upheld its AAA rating on the United States on Tuesday after lawmakers approved spending cuts to avoid a U.S. default, but it warned the world's largest economy must cut its debt burden to avoid a future downgrade.
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Snapshot: Obama signs debt limit bill

Just hours ahead of a deadline to avert an unprecedented default, President Barack Obama, without public ceremony, signs a bill that raises the $14.3 trillion debt ceiling and sets in motion a plan to reduce U.S. deficits over 10 years.
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Colombia arrests leaders of submarine cocaine ring

Colombian authorities have captured two leaders of a 20-ton-per-year cocaine operation that sent drug-laden submarines to the world's top drug consumer, the United States, local police said Tuesday.

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