Reuters: Top News

Police arrest five at Murdoch's Sun newspaper

Sat, 11 Feb 2012 12:00:07 +0000

LONDON (Reuters) - Police on Saturday arrested five people at The Sun newspaper, its parent company News Corporation said, as part of an investigation into illegal news gathering that forced the closure of another of the firm's British tabloids.

Greece warns bailout rebels of unknown, dangerous path

Sat, 11 Feb 2012 11:24:37 +0000

ATHENS (Reuters) - The Greek government told rebellious lawmakers on Saturday to back a deeply unpopular EU/IMF rescue in parliament or send the nation down "an unknown, dangerous path" to default and international economic isolation.

Syria forces shell Homs, Saudis push U.N. resolution

Sat, 11 Feb 2012 11:15:17 +0000

AMMAN/BEIRUT (Reuters) - Syrian forces unleashed new tank and rocket bombardments on opposition neighbourhoods of Homs on Saturday while diplomats sought U.N. backing for an Arab plan to end 11 months of bloodshed in Syria.

Iran to announce nuclear progress - Ahmadinejad

Sat, 11 Feb 2012 11:54:18 +0000

TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad said on Saturday that the Islamic Republic, targeted by tougher Western sanctions, would soon announce advances in its nuclear programme.

Former New Orleans Mayor Ray Nagin under investigation - source

Sat, 11 Feb 2012 11:58:09 +0000

NEW ORLEANS (Reuters) - Former New Orleans Mayor Ray Nagin, the colourful and controversial spokesman for the city after the devastating Hurricane Katrina in 2005, is under investigation by federal authorities, a source with direct knowledge of the probe said.

UK to "robustly" defend Falklands, Argentina seeks U.N. aid

Fri, 10 Feb 2012 23:45:07 +0000

UNITED NATIONS (Reuters) - London's U.N. ambassador warned Argentina on Friday that Britain would "robustly" defend the Falkland Islands if necessary, but added that his country remained open to bilateral talks with Buenos Aires on any issue except the islands' sovereignty.

Rock star welcome for Suu Kyi on Myanmar campaign trail

Sat, 11 Feb 2012 08:32:03 +0000

KAWHMU, Myanmar (Reuters) - Crowds of thousands lined the streets cheering and tooting horns as Myanmar Nobel laureate Aung San Suu Kyi hit the campaign trail for the first time on Saturday in a bid to become a lawmaker in the country's parliament.

Exclusive - Future of bank benchmark rate under review

Fri, 10 Feb 2012 20:44:48 +0000

LONDON (Reuters) - A global probe into whether banks colluded to set the interest rates at which they borrow money from each other has thrown into question the future of the benchmark they use to price financial products worth an estimated $360 trillion (228.62 trillion pounds).

UK to drop Merlin lending targets as SME loans lag

Fri, 10 Feb 2012 20:45:16 +0000

LONDON (Reuters) - The government will not extend a deal requiring banks to meet fixed lending targets to businesses, a Treasury source said, scrapping a scheme designed to revive ailing credit markets, which have been a barrier to economic recovery.

EU/Athens standoff fuels possibility of Greek default

Fri, 10 Feb 2012 20:48:34 +0000

BRUSSELS (Reuters) - In the marathon tennis match that is the Greek debt crisis, the ball is firmly back in Athens' court and the consensus that a bailout deal will eventually be done is starting to fray a little.