Reuters: Top News - Breaking News - World News

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CAIRO (Reuters) - Millions took to the streets to celebrate a new Egypt on Friday, reminding military rulers to keep their promise of a swift transition to democracy after protests swept away autocrat Hosni Mubarak in just 18 days.

Source: Egyptians celebrate, pressure army to keep pledges

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WASHINGTON (Reuters) - The United States is mounting a "diplomatic surge" to end the war in Afghanistan even as military pressure is forcing Taliban insurgents to consider whether to break with al Qaeda, Secretary of State Hillary Clinton said on Friday.

Source: U.S. launches diplomatic "surge" to end Afghan war

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NEW YORK (Reuters) - Nasdaq OMX and IntercontinentalExchange are in talks to team up on a possible bid for NYSE Euronext, in an attempt to break up the Big Board's deal with Deutsche Boerse, the New York Times' Dealbook reported on Friday.

Source: Nasdaq, ICE eye tie-up to bid on NYSE: report

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DUBLIN (Reuters) - Anglo Irish Bank and Irish Nationwide Building Society were behind the spike in emergency borrowing from the European Central Bank as they seek a speedy sale of their deposit books, a source told Reuters on Saturday.

Source: Irish deposit sales cause ECB borrowing spike: source

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WASHINGTON (Reuters) - The House of Representatives on Saturday approved legislation to cut federal spending deeply through September, a plan that is sure to be stopped by President Barack Obama and his fellow Democrats in the Senate.

Source: House defies Obama by passing spending-cut bill

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PARIS (Reuters) - Portugal must stick to its deficit reduction targets and implement more promised economic reforms to convince markets it is able to service its debt and does not need outside aid, European Union policymakers said on Saturday.

Source: Up to Portugal to convince markets: ECB's Trichet

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PARIS (Reuters) - Finance ministers of the world's major economies reached a fudged accord on Saturday on how to measure imbalances in the global economy after China prevented the use of exchange rates and currency reserves as indicators.

Source: G20 ministers fudge deal on imbalance indicators

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MADISON (Reuters) - When the two sides in Wisconsin's bitter battle over the future of the state's unionized public employees converged on the Capitol on Saturday for dueling rallies, the fear was trouble would break out.

Source: In Madison, two sides in bitter fight agree over beers

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PARIS (Reuters) - Treasury Secretary Timothy Geithner on Saturday pointed to the problems China's tightly controlled currency poses for other developing economies and said Beijing still had further to go to let its currency rise.

Source: Geithner points to China yuan spillover to others

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BAGHDAD (Reuters) - Iraq's parliament gave final approval on Sunday to an $82.6 billion budget for 2011 based on an average oil price of $76.50 per barrel and 2.2 million barrels per day in crude exports.

Source: Iraq lawmakers approve 2011 budget of $82.6 billion