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Monday, May 28, 2012 12:00 AM PDT

Today's Reuters News Headlines - Yahoo! News: U.N. Security Council condemns Syria over massacre Shares, euro creep up from lows, remain vulnerable Lawmakers work with Simpson-Bowles for tax deal Insight: U.S. hedge funds find ways to trade euro misery Analysis: With or without euro, Europe must raise its game Strong quake strikes northern Argentina: USGS Eight Afghan civilians said killed in NATO airstrike Tropical Storm Beryl edges closer to southeast coast Britain's Blair faces grilling over ties to Murdoch Vatican faces widening of leaks scandal Egypt presidential election body weighs complaints Calmer winds help New Mexico forest fire crews go on offensive Greek pro-bailout conservatives regain lead: polls Spain region, Greek exit warnings rattle euro zone U.N. Security Council condemns Syria over massacre Putin puts Medvedev in charge of Russia's ruling party Calmer winds promise relief to western U.S. fire crews Tropical Storm Beryl edges closer to southeast U.S. coast Subtropical Storm Beryl swirls toward U.S. southeast coast SNB considers capital controls if euro falls apart Spain's Bankia eyes stake sales after record bailout U.N. says over 92 killed in Syria, 32 of them children Islamist and ex-PM vie for mantle of Egypt's revolt Spain region, Greek exit warnings rattle euro zone Brother of blind Chinese activist returns home: lawyer Pope's butler charged over leaks scandal New Mexico firefighters thwarted by rough terrain, wildfires rage Iran has enough uranium for 5 bombs: expert Afghan parliament approves U.S.-Afghan security pact Europe slowdown adds more tension to Greek drama Bankia, Catalonia pile on Spanish debt worries New Jersey man charged in Etan Patz death after 33 years Lebanese Syria hostage release delayed, massacre claimed SpaceX capsule docks at space station, opens new era U.N. inspectors find high-grade uranium traces in Iran May consumer sentiment highest in more than four years Exclusive: U.S. probes China's ZTE over tech sales to Iran John Edwards' trial jury ends week with no verdict SpaceX capsule docks at space station, opens new era Egypt to pick Islamist or military man as president U.N. Security Council condemns Syria over massacre Sun,27 May 2012 09:53 PM PDT Reuters - AMMAN/UNITED NATIONS (Reuters) - The U.N. Security Council on Sunday unanimously condemned the killing of at least 108 people, including many children, in the Syrian town of Houla, a sign of mounting outrage at the massacre that the government and rebels blamed on each other. Images of bloodied and lifeless young bodies, laid carefully side by side after the onslaught on Friday, triggered shock around the world and underlined the failure of a six-week-old U.N. ceasefire plan to stop the violence. ... Full Story Top Shares, euro creep up from lows, remain vulnerable Sun,27 May 2012 10:39 PM PDT Reuters - TOKYO (Reuters) - Asian shares and the euro edged up from lows on Monday, as opinion polls showing a lead for Greece's pro-bailout camp helped calm fears of a disorderly exit by Athens from the single currency that had driven a flight from riskier assets last week. The recovery looked vulnerable, however, as MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, still not far from its lowest level since late December touched on Friday. The pan-Asia stock index posted a third consecutive week of losses last week for its longest losing streak in six months. ... Full Story Top Lawmakers work with Simpson-Bowles for tax deal Sun,27 May 2012 08:58 AM PDT Reuters - WASHINGTON (Reuters) - Two respected former lawmakers whose names have become synonymous with bipartisan compromise in a highly divisive Congress are meeting with dozens of lawmakers to forestall a potential year-end fiscal crisis dubbed "taxmageddon." Former Democratic White House chief of staff Erskine Bowles said he and former Republican Senator Alan Simpson, are working with a bipartisan group of 47 Senators and as many House members to frame a compromise on $7 trillion in looming fiscal decisions, Bowles said on CNN's news program, "Fareed Zakaria GPS. ... Full Story Top Insight: U.S. hedge funds find ways to trade euro misery Sun,27 May 2012 11:04 PM PDT Reuters - BOSTON/NEW YORK (Reuters) - Two decades ago, George Soros rose to fame and fortune on his now-historic trade in which he took on the Bank of England and shrewdly wagered on a devaluation of the British pound. But it's unlikely the current European monetary crisis and worries about Greece's potential exit from the euro zone will give rise to an investing legend like Soros, who made $1 billion in 1992 by betting on a decline in the price of the pound. Instead, there are a multitude of strategies to play Europe's troubles, and many different participants, according to U.S. hedge fund managers. ... Full Story Top Analysis: With or without euro, Europe must raise its game Sun,27 May 2012 10:52 PM PDT Reuters - LONDON (Reuters) - The opening last week in northeastern Spain of a 37-million-euro stretch of motorway to nowhere is an irresistible metaphor for the euro, an ambitious project conceived in better times that is now seemingly running out of road. With Spain heavily in debt, the authorities could not afford to finish the highway but opened the completed 6 km section near Lleida in any case to deter illegal joy racing. If only the euro were bringing joy. Maybe the road in Spain will be completed one day, but for now it is one more reminder that much of Europe has been living beyond its means. ... Full Story Top Strong quake strikes northern Argentina: USGS Sun,27 May 2012 11:22 PM PDT Reuters - WASHINGTON (Reuters) - A magnitude 6.4 earthquake struck northern Argentina early on Monday, the U.S. Geological Survey said. The quake occurred at 2:07 a.m. local time (1.07 a.m. EDT) and was centered 72 miles east-southeast of Santiago del Estero, the USGS said. Police in the town said there were no immediate reports of injuries or damage from the quake, which was upgraded from an initial 6.3. (Reporting by Hugh Bronstein; Editing by John Stonestreet) Full Story Top Eight Afghan civilians said killed in NATO airstrike Sun,27 May 2012 06:13 AM PDT Reuters - KHOST, Afghanistan (Reuters) - Eight members of an Afghan family, including six children and two women, were killed in a NATO airstrike in eastern Afghanistan, local authorities said on Sunday, although the NATO-led coalition said there was no evidence of any civilian casualties. The strike took place in the Gerda Serai district of Paktia late on Saturday, the provincial governor's spokesman, Rohullah Samon, said as foreign and Afghan security forces try to quell Taliban and Haqqani network insurgents active in the area. ... Full Story Top Tropical Storm Beryl edges closer to southeast coast Sun,27 May 2012 09:08 PM PDT Reuters - ATLANTA (Reuters) - Tropical Storm Beryl gained strength as it closed in on the southeastern coast on Sunday, dumping rain and whipping up heavy surf from northeastern Florida to South Carolina. The second named storm of the 2012 Atlantic hurricane season was approaching hurricane strength ahead of an expected landfall early Monday, the National Hurricane Center said. The powerful pack of thunderstorms has unleashed tropical storm conditions along the coast in northern Florida and Georgia, disrupting Memorial Day weekend plans for travelers and some beachgoers. At 11 p.m. ... Full Story Top Britain's Blair faces grilling over ties to Murdoch Sun,27 May 2012 07:35 PM PDT Reuters - LONDON (Reuters) - Tony Blair's decision to openly court Rupert Murdoch to win power and ensure favorable coverage during his decade-long tenure as British prime minister will come under scrutiny when he faces a media inquiry on Monday. The inquiry, ordered by Prime Minister David Cameron after Murdoch's now defunct News of the World tabloid admitted hacking phones, has tarnished Britain's elite by laying bare the collusion between politicians, the police and the media. ... Full Story Top Vatican faces widening of leaks scandal Sun,27 May 2012 11:25 AM PDT Reuters - VATICAN CITY (Reuters) - The Vatican faces a widening scandal that in one short week has seen Pope Benedict's butler arrested, the president of its bank unceremoniously dismissed and the publication of a new book alleging conspiracies among cardinals. It was a poisonous Pentecost Sunday for the pope, who likely had the tumultuous events of the past week on his mind as he celebrated a mass in St Peter's Basilica on the day regarded as the birthday of the Church. ... Full Story Top Egypt presidential election body weighs complaints Sun,27 May 2012 03:24 PM PDT Reuters - CAIRO (Reuters) - Egypt's election committee on Sunday considered complaints about a presidential poll that has left voters with what many see as a painful run-off choice between an Islamist apparatchik and a throwback to Hosni Mubarak's era. Both contenders are seeking to lay claim to the mantle of the "revolution" that toppled Mubarak 15 months ago, and to appeal to the many Egyptians who picked more centrist figures in last week's first round. ... Full Story Top Calmer winds help New Mexico forest fire crews go on offensive Sun,27 May 2012 07:25 PM PDT Reuters - SANTA FE, New Mexico (Reuters) - Diminished winds helped fire crews take the offensive on Sunday against an 11-day-old blaze burning out of control through the rugged high country of New Mexico's Gila National Forest, but nearly 300 homes in the area remained under evacuation. The so-called Whitewater-Baldy fire, which destroyed a dozen privately owned cabins at the height of its rampage last week, has charred well over 122,000 acres of timber since it was ignited by lightning on May 16, fire officials said. ... Full Story Top Greek pro-bailout conservatives regain lead: polls Sat,26 May 2012 12:27 PM PDT Reuters - ATHENS (Reuters) - Greece's conservatives have regained an opinion poll lead that would allow the formation of a pro-bailout government committed to keeping the country in the euro zone, a batch of new surveys showed on Saturday. Greece was forced to call repeat elections for June 17 after a May 6 vote left parliament divided evenly between groups of parties that support and oppose the austerity conditions attached to a 130 billion euro bailout agreed with the European Union and International Monetary Fund in March. ... Full Story Top Spain region, Greek exit warnings rattle euro zone Sun,27 May 2012 03:55 AM PDT Reuters - (Reuters) - Central banks and companies risk making a grave error if they do not brace for a possible Greek exit from the euro zone, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating finances. Greek elections are scheduled for June 17 and could hasten the country's departure from the currency club should a government intent on ripping up the country's bailout program result. Contrasting findings of opinion polls on Friday showed the outcome is too tight to call. ... Full Story Top U.N. Security Council condemns Syria over massacre Sun,27 May 2012 04:51 PM PDT Reuters - AMMAN/UNITED NATIONS (Reuters) - The U.N. Security Council on Sunday unanimously condemned the killing of at least 108 people, including many children, in the Syrian town of Houla, a sign of mounting outrage at the massacre that the government and rebels blamed on each other. Images of bloodied and lifeless young bodies, laid carefully side by side after the onslaught on Friday, triggered shock around the world and underlined the failure of a six-week-old U.N. ceasefire plan to stop the violence. ... Full Story Top Putin puts Medvedev in charge of Russia's ruling party Sat,26 May 2012 11:27 AM PDT Reuters - MOSCOW (Reuters) - President Vladimir Putin steered Dmitry Medvedev into the chairmanship of Russia's ruling party on Saturday and demanded reforms to the flagging organization he will rely on to keep his grip on the country's far-flung regions. At Putin's behest, delegates at a United Russia congress elected Medvedev chairman with a unanimous show of hands, the final step in a choreographed role reversal the longtime leader hopes will preserve his rule against growing opposition. After four years of playing No. ... Full Story Top Calmer winds promise relief to western U.S. fire crews Sun,27 May 2012 12:38 PM PDT Reuters - SANTA FE, New Mexico (Reuters) - Calmer winds and cooler temperatures promised relief on Sunday to fire crews battling blazes in New Mexico and Colorado, where wildfires sweeping across miles of forest, brush and grass have forced evacuations and disrupted holiday weekend travel plans. New Mexico's wildfires - which are torching tens of thousands of acres daily - have proven difficult for fire crews to contain because of the high winds and rugged, inaccessible terrain found in the southwestern part of the state. ... Full Story Top Tropical Storm Beryl edges closer to southeast U.S. coast Sun,27 May 2012 03:25 PM PDT Reuters - ATLANTA (Reuters) - Tropical Storm Beryl closed in on the southeastern U.S. coast on Sunday, dumping rain and whipping up heavy surf from northeastern Florida to South Carolina. The second named storm of the 2012 Atlantic hurricane season is expected to make landfall later on Sunday with possible wind gusts to hurricane force, the U.S. National Hurricane Center said. The powerful pack of thunderstorms has prompted tropical storm warnings along the coast in northern Florida, Georgia and parts of South Carolina, disrupting Memorial Day weekend plans for some beachgoers and travelers. At 5 p.m. ... Full Story Top Subtropical Storm Beryl swirls toward U.S. southeast coast Sat,26 May 2012 09:10 AM PDT Reuters - MIAMI (Reuters) - Subtropical Storm Beryl churned toward the U.S. southeast coast on Saturday, threatening heavy rains and dangerous surf on Sunday to northeastern Florida, Georgia and South Carolina, the U.S. National Hurricane Center said. Beryl was centered about 230 miles east-southeast of Charleston, South Carolina, carrying maximum sustained winds of 45 mph. It was moving southwest with tropical storm force winds extending about 115 miles from the storm's center. ... Full Story Top SNB considers capital controls if euro falls apart Sun,27 May 2012 02:09 AM PDT Reuters - ZURICH (Reuters) - Switzerland is drawing up plans for emergency measures including capital controls in case the euro collapses although it does not expect to need them and will continue to defend a cap on the franc in the meantime, the head of the central bank said. "We must be prepared just in case the currency union collapses, although I don't expect that," Swiss National Bank President Thomas Jordan, who predicted the euro zone crisis in his 1994 doctoral thesis, told the SonntagsZeitung newspaper. ... Full Story Top Spain's Bankia eyes stake sales after record bailout Sat,26 May 2012 05:28 AM PDT Reuters - MADRID (Reuters) - Spain's Bankia on Saturday prepared to sell stakes it holds in companies as part of its clean-up after a state rescue of the real estate-laden bank that has so far cost 23.5 billion euros ($29.40 billion). Bankia asked for a higher-than-expected 19 billion euros in government help on Friday, in addition to 4.5 billion the state has already pumped in, to cover possible losses on repossessed property and loans, in the biggest bank rescue ever in Spain. Losses at Spanish banks, which are rising in an economic downturn with 24. ... Full Story Top U.N. says over 92 killed in Syria, 32 of them children Sat,26 May 2012 03:52 PM PDT Reuters - BEIRUT (Reuters) - The United Nations said on Saturday that more than 92 people were killed in what activists described as an artillery barrage by government forces in the worst violence since the start of a U.N. peace plan to slow the flow of blood in Syria's uprising. The bloodied bodies of children, some with their skulls split open, were shown in footage posted to YouTube purporting to show the victims of the shelling in the central town of Houla on Friday. The sound of wailing filled the room. ... Full Story Top Islamist and ex-PM vie for mantle of Egypt's revolt Sat,26 May 2012 12:26 PM PDT Reuters - CAIRO (Reuters) - The Muslim Brotherhood and a military man close to ousted leader Hosni Mubarak courted defeated first-round candidates in Egypt's presidential election on Saturday, each trying to claim the mantle of the uprising before a run-off next month. State television said the Brotherhood's Mohamed Mursi led this week's vote with 26.4 percent, against 23 percent for ex-air force chief Ahmed Shafiq, according to preliminary results. Hamdeen Sabahy, a secular leftist came a close third with 21.5 percent, followed by independent Islamist Abdel Moneim Abol Fotouh. ... Full Story Top Spain region, Greek exit warnings rattle euro zone Sat,26 May 2012 04:42 AM PDT Reuters - (Reuters) - Central banks and companies risk making a grave error if they do not brace for a possible Greek exit from the euro zone, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating finances. Greek elections are scheduled for June 17 and could hasten the country's departure from the currency club should a government intent on ripping up the country's bailout program result. Contrasting findings of opinion polls on Friday showed the outcome is too tight to call. ... Full Story Top Brother of blind Chinese activist returns home: lawyer Sat,26 May 2012 09:27 AM PDT Reuters - The brother of blind Chinese activist Chen Guangcheng who was reported to have gone missing has returned to his village in northeastern China, a lawyer said on Saturday. The short disappearance of Chen Guangfu had sparked concerns he was the latest target of government reprisals against the family of the activist, who escaped from his village in late April after 19 months of detention at home. Shandong-based lawyer Liu Weiguo told Reuters Chen Guangfu had returned to Dongshigu village. ... Full Story Top Pope's butler charged over leaks scandal Sat,26 May 2012 06:15 AM PDT Reuters - VATICAN CITY (Reuters) - Vatican magistrates formally charged Pope Benedict's butler with illegal possession of secret documents on Saturday and said a wider investigation would take place to see if he had any accomplices who helped him leak them. Paolo Gabriele is suspected of leaking highly sensitive documents, some alleging cronyism and corruption in Vatican contracts, in a scandal which has come to be known as "Vatileaks". A statement referred to Gabriele, 46, who was until his arrest on Wednesday night serving the pope meals and helping him dress, as "the defendant". ... Full Story Top New Mexico firefighters thwarted by rough terrain, wildfires rage Sat,26 May 2012 11:15 AM PDT Reuters - Santa Fe, New Mexico (Reuters) - A blaze raged unchecked for a fourth day in the steep mountains of southwestern New Mexico on Saturday, one of several wildfires that have consumed more than 200 square miles of rugged land in a half-dozen U.S. states. Efforts to contain the blazes spreading in sparsely populated areas of Arizona, Colorado, Michigan, Nevada, New Mexico and Utah have been hurt by gusting winds and tinder-dry late-spring conditions. ... Full Story Top Iran has enough uranium for 5 bombs: expert Sat,26 May 2012 05:48 AM PDT Reuters - Iran has significantly stepped up its output of low-enriched uranium and total production in the last five years would be enough for at least five nuclear weapons if refined much further, a U.S. security institute said. The Institute for Science and International Security (ISIS), a think-tank which tracks Iran's nuclear program closely, based the analysis on data in the latest report by the U.N. International Atomic Energy Agency (IAEA) which was issued on Friday. ... Full Story Top Afghan parliament approves U.S.-Afghan security pact Fri,25 May 2012 11:18 PM PDT Reuters - KABUL (Reuters) - Afghanistan's parliament approved on Saturday a strategic pact between Kabul and Washington, clearing the way for a U.S. presence in the country for at least a decade after most foreign combat troops leave in 2014. "This was done for the interest of Afghanistan," said Daoud Kalakani, an MP from Kabul. Around 180 MPs were present and only four voted against, Kalakani said. The deal, signed by U.S. President Barack Obama and Afghanistan's Hamid Karzai in Kabul on May 2, sets out a long-term U.S. role in Afghanistan, including aid and advisers. ... Full Story Top Europe slowdown adds more tension to Greek drama Fri,25 May 2012 07:55 AM PDT Reuters - (Reuters) - Europe's economic slowdown has hit the engine-room of the euro zone, including Germany, gloomy new indicators have revealed, adding urgency to the region's struggle to keep Greece's debt crisis from tearing the single currency apart. So far, the 17-nation euro zone's downturn has been confined mainly to its periphery, but an index measuring broad economic activity across the monetary union in May showed its weakest outcome since mid-2009, during the global financial crisis. ... Full Story Top Bankia, Catalonia pile on Spanish debt worries Fri,25 May 2012 01:29 PM PDT Reuters - MADRID (Reuters) - Financial troubles at a big Spanish bank and one of the country's richest regions, Catalonia, piled on problems on Friday for the Madrid government and for investors who question whether it can pay its debts without help from euro zone allies. Bankia SA, Spain's fourth biggest bank and newly nationalized, asked for a bailout of 19 billion euros ($24 billion) to repair losses from a property crash - the biggest Spanish bank rescue ever. ... Full Story Top New Jersey man charged in Etan Patz death after 33 years Fri,25 May 2012 04:34 PM PDT Reuters - NEW YORK (Reuters) - A man who police say confessed to strangling Etan Patz was charged with second-degree murder on Friday, 33 years after the 6-year-old boy vanished from his New York neighborhood and soon changed the way the nation responds to missing children. Pedro Hernandez, 51, who worked as a stock boy in a small food store on the Manhattan SoHo street where Patz was last seen on May 25, 1979, was charged with a single count of second-degree murder, according to court records. ... Full Story Top Lebanese Syria hostage release delayed, massacre claimed Fri,25 May 2012 04:04 PM PDT Reuters - BEIRUT/AMMAN (Reuters) - Lebanon said on Friday that a group of Lebanese Shi'ites kidnapped in Syria had been freed and were safe in Turkey, but produced no sign of the hostages at the centre of a kidnap drama heightening tensions over the conflict in neighboring Syria. The twist in a hostage drama that has inflamed political tensions in a country divided between foes and friends of the uprising in Syria came as Syrian activists said government troops killed at least 50 people in the centre of the country. ... Full Story Top SpaceX capsule docks at space station, opens new era Fri,25 May 2012 08:07 PM PDT Reuters - CAPE CANAVERAL, Florida (Reuters) - Astronauts aboard the International Space Station captured the SpaceX Dragon cargo ship and guided the privately owned craft into a docking berth on Friday, opening a new chapter in the U.S. space program. The unmanned capsule was the first commercial spaceship to reach the orbital outpost. "This really is the beginning of a new era in commercial spaceflight," said Alan Lindenmoyer, who manages NASA's commercial space transportation programs. Using the station's 58-foot long (17.7-meter) robotic crane, NASA astronaut Don Pettit snared Dragon at 9:56 a.m. ... Full Story Top U.N. inspectors find high-grade uranium traces in Iran Fri,25 May 2012 02:04 PM PDT Reuters - VIENNA (Reuters) - United Nations nuclear inspectors have found uranium particles refined to a higher-than-expected level at an underground site where Iran has installed more than 50 percent more enrichment centrifuges, a U.N. watchdog report said on Friday. It said Tehran had told the U.N. agency that the presence of traces of highly refined uranium - still well below potential nuclear weapons-grade material - "may happen for technical reasons beyond the operator's control". ... Full Story Top May consumer sentiment highest in more than four years Fri,25 May 2012 03:54 PM PDT Reuters - NEW YORK (Reuters) - Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see bigger wage increases, a survey released on Friday showed. The Thomson Reuters/University of Michigan's final reading on the overall index on consumer sentiment rose to 79.3 from 76.4 in April, topping forecasts for 77.8 and an initial May reading of the same. It was the highest level since October 2007. ... Full Story Top Exclusive: U.S. probes China's ZTE over tech sales to Iran Fri,25 May 2012 09:40 AM PDT Reuters - WASHINGTON (Reuters) - The Department of Commerce is investigating Chinese telecommunications equipment maker ZTE Corp for allegedly selling embargoed U.S. computer products to Iran. The investigation was launched following reports by Reuters in March and April that ZTE had signed contracts to ship millions of dollars worth of hardware and software from some of America's best-known tech firms to Telecommunication Co of Iran (TCI) and a unit of the consortium that controls it along with the Iranian regime. TCI is Iran's largest telecom carrier. ... Full Story Top John Edwards' trial jury ends week with no verdict Fri,25 May 2012 03:41 PM PDT Reuters - GREENSBORO, North Carolina (Reuters) - The sixth day of jury deliberations in former U.S. Senator John Edwards' federal campaign finance trial ended without a verdict on Friday after the judge held a closed-court session about an undisclosed juror matter. U.S. District Judge Catherine Eagles recessed jurors until Tuesday, giving them a long Memorial Day weekend break from their discussions about whether Edwards broke the law while trying to hide his affair with Rielle Hunter as he ran for the Democratic presidential nomination in 2008. ... Full Story Top SpaceX capsule docks at space station, opens new era Fri,25 May 2012 04:12 PM PDT Reuters - CAPE CANAVERAL, Florida (Reuters) - Astronauts aboard the International Space Station captured the SpaceX Dragon cargo ship and guided the privately owned craft into a docking berth on Friday, opening a new chapter in the U.S. space program. The unmanned capsule was the first commercial spaceship to reach the orbital outpost. "This really is the beginning of a new era in commercial spaceflight," said Alan Lindenmoyer, who manages NASA's commercial space transportation programs. Using the station's 58-foot long (17.7-meter) robotic crane, NASA astronaut Don Pettit snared Dragon at 9:56 a.m. ... Full Story Top Egypt to pick Islamist or military man as president Fri,25 May 2012 02:08 PM PDT Reuters - CAIRO (Reuters) - Egyptians must choose between a Muslim Brother or an ex-military man in a presidential run-off that highlights the stark rifts in a nation united in euphoria when Hosni Mubarak fell 15 months ago, first-round results indicated on Friday. With most votes counted, the Muslim Brotherhood said its candidate Mohamed Mursi had topped this week's polls and would compete in next month's second round with former air force chief Ahmed Shafiq, who served as Mubarak's last prime minister. ... Full Story Top

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