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European Union, Markets, Top World, World Headlines, World Industry, World Markets

London stock market closes higher — July 27

Posted on 27 July 2010

LONDON, July 27 (Xinhua) -- The London stock market closed slightly higher on Tuesday, with the leading FTSE 100 index up 14. 55 points, or 0.27 percent, to 5,365.67 points. Banking shares led the market higher after regulatory proposals for bank capital levels were erased. Shares in Lloyds Banking Group jumped 9 percent, while RBS and Barclays were almost 8 percent higher. Continue Reading

Asia-Pacific, United States, World Headlines

Obama in damage control over war leak

Posted on 27 July 2010

WASHINGTON, July 27 (Xinhua) -- U.S. President Barack Obama on Tuesday tried to control the damage of the leak of over 90,000 classified reports about the Afghanistan war, saying the documents don't reveal anything new. Speaking at the White House, Obama said he's "concerned about the disclosure," but "these documents don't reveal any issues that haven't already informed our public debate on Afghanistan." Continue Reading

Markets, Top World, Top World, United States, World Headlines, World Industry, World Markets, World News

Wall Street trades mixed on consumer confidence — July 27

Posted on 27 July 2010

NEW YORK, July 27 (Xinhua) -- The U.S. stocks traded mixed on Tuesday as earnings enthusiasm took a back seat to disappointment after data showed consumers were less confident about the economy. Major indexes gained earlier after DuPont reported second- quarter net income of 1.16 billion dollars, or 1.26 dollars per share, topping analyst expectations for earnings of 93 cents per share. Continue Reading

MEA, News Digest, Top World, World Headlines, World News

Middle East news summary at 2100 GMT, July 27

Posted on 27 July 2010

ANKARA -- With his first visit to Turkey since coming into office, British Prime Minister David Cameron cemented ties with Turkey by defending the Muslim country's bid to join the European Union (EU) and underlining its rising regional influence. At a joint press conference with his Turkish counterpart Recep Tayyip Erdogan on Tuesday, Cameron argued the EU will benefit from Turkey's membership as the country has great economic potential and increasing influence in the Middle East. Continue Reading

United States, World Headlines

U.S. government pushes for comprehensive housing finance reform

Posted on 27 July 2010

WASHINGTON, July 27 (Xinhua) -- The U.S. Treasury Department said on Tuesday that the Obama administration will work to address the problems of troubled mortgage giants Fannie Mae and Freddie Mac through a comprehensive housing finance reform. "The administration continues its work developing a comprehensive housing finance reform proposal for delivery to Congress by January 2011," the Treasury Department said in a statement. The core of the reform is to transform Fannie Mae and Freddie Mac, which collectively own or guarantee trillions of dollars worth of mortgage-backed securities, and account for almost three quarters of the sector. Continue Reading

News Digest, Top World, World News

World news summary at 1530 GMT, July 27

Posted on 27 July 2010

BISHKEK -- Participants at an international donors' meeting here Tuesday pledged 1.1 billion U.S. dollars in aid to Kyrgyzstan within 30 months. Among the pledged funding, 600 million dollars will be given to the Central Asian nation by the end of the year, the Kyrgyz interim government said in a statement. Continue Reading

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