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
BERNE - Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from criminal charges in the United States for helping wealthy Americans evade tax.
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
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
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
WASHINGTON - The head of the National Security Agency said U.S. surveillance programs had helped disrupt more than 50 possible attacks since September 11, 2001, as members of Congress also defended the use of the top-secret spying operations. Full Article
June 19 - Breakingviews columnists say SoftBank and Sprint may seem closer to a deal since Dish abandoned its bid, but the satellite TV provider’s interest in Clearwire could still stir trouble.
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
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
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