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Nominee For Envoy To Iraq Drops Out Over Affair With Reporter

President Barack Obama's nominee to become the next U.S. ambassador to Iraq withdrew his name on Monday after Republican lawmakers questioned his suitability following revelations that he had engaged in an extramarital affair with a journalist who later became his wife.
Exports Overstated by $9 Billion, Says Indian Government

RBI Rate Decision Pressures Delhi For Fiscal Action

The surprise decision Monday by the Reserve Bank of India to hold its interest rate steady because of inflation concerns puts fresh pressure on the ruling Congress Party to find a fiscal solution to the country's flagging economy.
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Dimon Says JPMorgan's Actions 'Violated Common Sense'

JPMorgan Chase & Co (NYSE:JPM) Chairman Jamie Dimon floated unscathed through a hearing of the Senate Banking Committee meant to examine what happened inside his banking behemoth earlier in the year, when a massive bet on the credit-default swaps derivatives market reportedly meant to 'hedge' other bank risks went sour, resulting in multibillionaire losses.

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