WORLD

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Firms press derivatives case with Congress

Companies that use derivatives to hedge their risk are set to make a last-ditch effort on Wednesday to persuade Congress to weaken legislation regulating the opaque $450-trillion private swaps market.

U.S. groups eye second Obama decision on China yuan

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U.S. labor and manufacturing groups urged President Barack Obama on Tuesday to live up to his campaign rhetoric and formally label China a currency manipulator in a Treasury Department report due out next week.

U.S. lawmakers press Obama on Afghan war strategy

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President Barack Obama told congressional leaders on Tuesday his decision on a new Afghan war strategy would not make everyone happy, while Republicans urged him to heed his military commander's call for more troops.
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Iran says some countries offer it nuclear fuel

President Mahmoud Ahmadinejad said on Wednesday that some countries had offered to provide Iran with uranium enriched to 20 percent for use as nuclear reactor fuel, the official IRNA news agency reported.
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Obama's dilemma on Tibet and China

President Barack Obama breaks a precedent of not meeting with the Tibetan spiritual leader Dalai Lama during his five-day trip to Washington, but intends to meet the exiled leader sometime in December after his November Summit with Chinese president Hu Jintao.
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Obama vows relentless U.S. pursuit of al Qaeda

President Barack Obama on Tuesday vowed the United States would keep relentless pressure on al Qaeda and ensure extremist networks, which he called a principle threat, do not find safe havens overseas.
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Peace fragile, prized as Palestinians tend new crops

The olive branch is a symbol of peace in the Middle East, but for Yusuf Sabaani the thousands of tiny olive seedlings he has just planted are a more tangible image of his dream for the future of his children.
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Turkish police fire tear gas on IMF protesters

Turkish police fired tear gas and used water cannon to disperse hundreds of people protesting against the International Monetary Fund and World Bank during their annual meetings in Istanbul Tuesday.
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Communication pioneers win 2009 physics Nobel

A pioneer in fiber optics and two scientists who figured out how to turn light into electronic signals -- work that paved the way for the Internet age -- were awarded the 2009 Nobel Prize for physics on Tuesday.
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Obama breaks precedent by not meeting Dalai Lama

President Barack Obama will not meet the Dalai Lama during his five-day trip to the U.S. capital beginning on Monday, the first time in 18 years the exiled Tibetan leader has visited Washington without seeing the president.
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Senate panel awaits report before health vote

Democratic hopes for a quick Senate Finance Committee vote on a broad U.S. healthcare overhaul were dashed on Monday as budget experts took longer than expected with their estimate of the bill's cost.
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U.S. Treasury warns Iran may face sanctions

A senior U.S. Treasury Department official said on Tuesday that if Iran fails to demonstrate that it is not seeking nuclear weapons it may face sweeping sanctions from the rest of the world.
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Palestinians warn Israel on Jerusalem tensions

A senior Palestinian official on Tuesday accused Israel of deliberately creating an extremely dangerous situation in East Jerusalem, to trigger violence, justify a crackdown and tighten its grip on the disputed city.
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North Korea says ready to return to nuclear talks

North Korea on Tuesday signaled it could return to nuclear disarmament talks it had declared dead six months ago, but a report it was near restoring its atomic plant underlined the secretive state would keep the stakes high.
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NATO says kills 100 fighters in huge Afghan battle

NATO forces said Tuesday they had killed more that 100 fighters in a huge weekend battle in eastern Afghanistan in which eight Americans died, the deadliest firefight for U.S. troops in more than a year.
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Gates blames past lack of troops for Taliban edge

Defense Secretary Robert Gates blamed the Taliban's revival on a past failure to deploy enough troops to Afghanistan and said U.S. forces would not withdraw whatever the result of President Barack Obama's strategy review.
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China Holiday Economy boomed

China's retail sales had reached 14 billion yuan (about 2 million Dollars) during the first three days of China National day Holiday, up 15 percent from the same period of last year, China Ministry of Commerce said yesterday.
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Obama touts health plan to doctors

President Barack Obama gathered doctors from every U.S. state at the White House on Monday to press his case for healthcare reform in a week when the sweeping overhaul could clear a major hurdle in Congress.
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EU, Brazil pressure U.S. on Doha deadline

The European Union and Brazil will put pressure on the United States Tuesday to set out its demands to conclude the Doha round of world trade talks in 2010 to boost dwindling world trade, a draft document showed.

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