Reuters' Top World and Breaking News [June 2011 Bulletin]

Started by Reuters, Jun 01, 2011, 09:02 PM

Reuters

WASHINGTON (Reuters) - A top Treasury Department official is set to travel to Japan and South Korea this week to encourage tough implementation of international sanctions aimed at Iran's nuclear program.

Source: U.S. to press Japan, South Korea on Iran sanctions

Reuters

WASHINGTON (Reuters) - Top White House economist Austan Goolsbee said on Monday he was stepping down, marking the exit of one of President Barack Obama's top aides at a time when new signs of weakness have emerged in the economy.

Source: Top White House economist Goolsbee to step down

Reuters

BEIJING (Reuters) - China should guard against risks from "excessive" holdings of U.S. assets as Washington could pursue a policy to weaken the dollar, a senior currency regulator said in comments published on a website that briefly pushed the dollar lower.

Source: China official says U.S. could pursue weak dollar policy

Reuters

ATHENS (Reuters) - Europe must take tough decisions before the IMF can release its next block of aid for Greece, the Fund warned on Tuesday, while ratings agencies and German banks cast doubt on whether private investors can be expected to help.

Source: EU must make tough decisions on Greek rescue: IMF

Reuters

NEW YORK (Reuters) - A former employee of a so-called expert network firm pleaded guilty on Tuesday to charges of conspiring with others to leak corporate secrets to hedge funds in exchange for money, part of a broad U.S. crackdown on insider trading.

Source: Ex-Primary Global executive pleads guilty

Reuters

CAIRO (Reuters) - Osama bin Laden's longtime lieutenant, Ayman al-Zawahri, said the United States faces rebellion throughout the Muslim world after killing the al Qaeda leader, according to a YouTube recording posted on Wednesday.

Source: Bin Laden will "haunt" America: al Qaeda deputy

Reuters

NEW YORK (Reuters) - A default would have severe reverberations in global markets, a top Federal Reserve official said just hours after Fitch Ratings warned it could slash credit ratings if the government misses bond payments.

Source: Fed: Default would be dangerous; Fitch may cut rating

Reuters

BEIRUT (Reuters) - Turkey threw open its borders to anxious Syrian refugees on Wednesday and urged their government to curb violence against civilians after thousands abandoned a town near the Turkish frontier in fear of a military assault.

Source: Turkey offers Syrians refuge, West pushes U.N. vote