Bernanke points to reduced Fed bond buying this year
Federal Reserve Chairman Ben Bernanke said the U.S. central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014, comments that weighed on stocks and pushed bond yields to a 15-month high. Full Article
U.S. talks with Taliban likely to take place within 'next few days': U.S. official
WASHINGTON - U.S. talks with the Taliban are likely to be held within the "next few days" in Qatar, a senior U.S. official said on Wednesday, after delays caused by tensions over the naming of a new Taliban office in the capital, Doha.
Afghanistan to shun U.S. talks with Taliban
KABUL - Afghan President Hamid Karzai said his government would not join U.S. peace talks with the Taliban until they were led by Afghans and would suspend negotiations with the United States on a troop pact. Full Article | Video
UK court ruling threatens Iran sanctions
LONDON - Western government sanctions against Iran suffered a big setback when Britain's top court ruled that the government was wrong to have imposed sanctions on the biggest Iranian private bank over alleged links to Tehran's nuclear program. Full Article
Tea Party rallies as FBI says probe a top priority
WASHINGTON - More than a dozen FBI agents are assigned to a criminal probe into Internal Revenue Service scrutiny of conservative political groups, FBI Director Robert Mueller said. Full Article
Dolce and Gabbana convicted of tax evasion
MILAN - Fashion designers Domenico Dolce and Stefano Gabbana were handed a 20-month suspended prison sentence and a heavy fine on Wednesday for hiding hundreds of millions of euros from the Italian tax authorities. Full Article
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Syria's Islamists seize control, moderates dither
ALEPPO, Syria - During a 10-day journey through rebel-held territory in Syria, Reuters found that radical Islamist units are sidelining more moderate groups that do not share the Islamists’ goal of establishing a supreme religious leadership in the country. Full Article
Protests proceed as smaller cities join the fray
SAO PAULO/FORTALEZA - Protesters blocked roads in Sao Paulo and marched toward a stadium hosting a major international soccer game in a growing wave of nationwide demonstrations against poor public services, inflation and other woes in the country. Full Article
Trading at Noon: Markets hold their breath before Bernanke
June 19 - Reuters Treasury reporter Luciana Lopez says Fed chief Ben Bernanke is likely to be cautious with his guidance as markets pay close attention, seeking signs of scaling back on the bond buying program.
Latest Headlines
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Meredith Whitney on America’s future
Forget the coasts. Meredith Whitney, author of the new book “Fate of the States," tells Breakingviews' Rob Cox that America’s interior states are the future growth engines of the U.S. economy. Video
The new Iranian president’s restrained power
When President Hassan Rohani takes office in August, he will have the potential to bring about meaningful changes within the confines of Iran's usual restrictions. Commentary
Rohani: A survivor in the snakepit of Tehran
Rohani is the Beria of the Islamic Republic: He knows how to negotiate the pit of vipers that is Iranian politics. Commentary
David Cameron takes on the tax havens
There is nothing more likely to spark anger than an unfair tax regime. That puts Britain's prime minister David Cameron, who like most conservatives believes in low taxes, in a bind. Commentary
Trusting in our new security state
To adapt to our new surveillance status quo we have to trust the state, the government, the politicians, the businesses, the bureaucracies, the police, the security forces, the journalists and, yes, ourselves. Commentary
The price of ignoring climate change
Climate change endangers much of the world economy. Economists calculate that a 3.5-degree Fahrenheit rise in global temperature would reduce global gross domestic product by 1 percent. Commentary
Rate rigging costs more than money
In cash terms, the manipulation of supposedly objective reference rates and prices is a petty crime: relatively small gains for a few and microscopic losses for many. Ethically, though, the tolerance of untrustworthy behaviour makes the industry look particularly bad. Full Article
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