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| South Africa's rand gains vs dollar, drags yields down-20130831 Saturday, Aug 31, 2013 12:54 AM PDT  JOHANNESBURG (Reuters) - The rand surged more than 1 percent against the dollar on Friday before giving up much of the gains made after market players interpreted comments from South Africa's finance minister as supportive for the rand. The rand strengthened to a session high of 10.2095 to the dollar on Friday, after the market interpreted the comments from Pravin Gordhan as suggesting that South African authorities were considering currency intervention plans. At 1727 GMT, the rand was trading at 10.2550, up 1.01 percent from Thursday's New York close. ... Full Story | Top |
| Ghana 91-day bill yield falls to 22.6380 pct-20130831 Saturday, Aug 31, 2013 12:52 AM PDT ACCRA (Reuters) - The Bank of Ghana said on Friday that the yield on its 91-day bill fell to 22.6380 percent at an August 30 auction from 22.7676 percent at the previous sale. The Bank said it accepted 294.93 million cedis worth of bids of the 296.69 million cedis tendered for the 91-day paper at the auction. Full Story | Top |
| Ivorian agency, cocoa exporters dispute costs, prices-20130831 Saturday, Aug 31, 2013 12:49 AM PDT  By Ange Aboa ABIDJAN (Reuters) - Ivory Coast cocoa exporters have rejected a price structure proposed by the industry regulator for the 2013/14 season, saying it underestimated their costs, and have called for government mediation, industry sources said. The standoff highlights disagreements that have plagued the sweeping reforms that the government has put in place in an effort by President Alassane Ouattara to guarantee farmers a minimum price for their crop. ... Full Story | Top |
| Ammonia leak at Shanghai refrigeration plant kills 15, injures 26 Saturday, Aug 31, 2013 12:23 AM PDT SHANGHAI (Reuters) - A liquid ammonia leak from a refrigeration unit at a cold storage facility in Shanghai on Saturday has killed 15 people and injured 26 others, local authorities said. The leak occurred at 10:50 am local time (0250 GMT / 10:50 p.m. EDT) at Shanghai Weng's Cold Storage Industrial Co. Ltd., located in the Baoshan district of eastern Shanghai, the Shanghai municipal government said on its official Sina Weibo account. Six of those injured were in a critical condition, the government said. China, the world's second-largest economy, has a poor record on workplace safety. ... Full Story | Top |
| Tennis-Del Potro falls to Hewitt at U.S. Open Friday, Aug 30, 2013 11:04 PM PDT * Sixth seed Del Potro upset * Djokovic, Murray advance * Hingis returns, Li into fourth round (Updates at end of day with Serena winning) By Julian Linden NEW YORK, Aug 30 (Reuters) - Lleyton Hewitt pulled off a stunning five-set win over Juan Martin del Potro at the U.S. Open after a classic late-night thriller between the two former champions on Friday. Twelve years after he upset Pete Sampras to win the U.S. Open, the 32-year-old Hewitt showed he still has plenty of fight left in him as he floored Del Potro 6-4 5-7 3-6 7-6 (2) 6-1 in a four-hour slugfest at Arthur Ashe Stadium. ... Full Story | Top |
| Pentagon insists it is open to foreign investment in the U.S. Friday, Aug 30, 2013 10:20 PM PDT  By Andrea Shalal-Esa WASHINGTON (Reuters) - The Pentagon is taking a harder look at proposed foreign acquisitions of U.S. companies given the increasing financial complexity of such deals, but continues to encourage foreign investment, a top U.S. defense official said this week. "If you have a deal that is in the interest of the U.S. economy and does not impinge on national security, we will approve it," said Brett Lambert, the Pentagon's representative on an interagency committee that reviews foreign takeovers. ... Full Story | Top |
| Wall Street Week Ahead: Jobs data could spur Fed action on stimulus Friday, Aug 30, 2013 10:17 PM PDT  By Richard Leong NEW YORK (Reuters) - Wall Street is bracing for a wave of economic reports next week, including the August jobs report, which might prove decisive in determining whether the economy is strong enough for the Federal Reserve to dial back its bond purchases in mid-September. Anxiety about the Fed possibly reducing its $85 billion monthly stimulus, also known as QE3, has hurt the stock market, which recorded its steepest monthly fall since May 2012. ... Full Story | Top |
| UK says Snowden leaks hurt its national security, could expose spies Friday, Aug 30, 2013 08:05 PM PDT  By Costas Pitas LONDON (Reuters) - Leaks by a fugitive U.S. intelligence contractor have damaged Britain's national security, and the data he gave journalists includes information that might expose the identities of British spies, a government official told the High Court in London. The official said Brazilian David Miranda, the partner of a Guardian newspaper journalist, was carrying a computer hard-drive containing 58,000 highly classified intelligence documents when he was detained at Heathrow airport earlier this month. ... Full Story | Top |
| Appeals court upholds California ban on foie gras Friday, Aug 30, 2013 07:09 PM PDT  LOS ANGELES (Reuters) - California can continue to ban the sale of foie gras, a federal appeals court ruled on Friday, in a setback for producers of the delicacy who have sought to ship it to the state. The unanimous ruling by a three-judge panel of the 9th U.S. Circuit Court of Appeals upholds an earlier ruling by a district court judge. California's ban on the food went into effect in July 2012. Foie gras means "fatty liver" in French. ... Full Story | Top |
| Syria Crisis: How the networks are covering Friday, Aug 30, 2013 06:22 PM PDT  By Sara Morrison LOS ANGELES (TheWrap.com) - President Obama addressed the nation on Friday to discuss his plans for the country's intervention in Syria following revelations that the country used chemical weapons on its own citizens. Obama said last year that Syria's usage of chemical weapons would be a "red line," forcing America and other nations to intervene. With evidence that Syrian president Bashar al-Assad's administration killed more than 1,400 people and injured thousands more with some kind of chemical weapon, Obama said there would be a response from the United States. ... Full Story | Top |
| Detroit pension trustee loses seat, city job: report Friday, Aug 30, 2013 06:21 PM PDT DETROIT (Reuters) - A trustee for one of Detroit's two pension funds lost his city job and position on the retirement board months after he was criticized for attending a conference in Hawaii, the Detroit News reported on Friday. The trustee, Cedric Cook, was a senior data processing program analyst for the city and chairman of Detroit's General Retirement System. The newspaper said Cook "has been off work for more than a month on an unpaid suspension," but it did not specify when he lost his job. Cook went to the conference in May with three other pension trustees. ... Full Story | Top |
| Judge plans to appoint monitor for controversial Arizona sheriff Friday, Aug 30, 2013 06:20 PM PDT  By David Schwartz PHOENIX (Reuters) - A federal judge plans to appoint a monitor to watch over the operations of hardline Arizona sheriff Joe Arpaio, whose office had been found by the judge to have racially profiled Latino drivers during the lawman's crackdown on illegal immigration. U.S. District Judge Murray Snow said in a court hearing on Friday that the Maricopa County lawman, who styles himself as "America's toughest sheriff," needed an independent check on his actions to prevent such profiling from continuing in the future. ... Full Story | Top |
| Wrestling eyes quickfire return to the 2020 Games mat Friday, Aug 30, 2013 06:14 PM PDT By Karolos Grohmann (Reuters) - From an ignominious Olympic exit to a Games return in less than eight months, wrestling can complete a remarkable turnaround when the International Olympic Committee next month votes in one new sport for the 2020 Games. Wrestling was surprisingly taken off the 2020 Olympics by the IOC Executive Board in a February vote as the IOC looked to refresh its sports program. ... Full Story | Top |
| 2020 Games bidders locked in tight race ahead of vote Friday, Aug 30, 2013 06:05 PM PDT By Karolos Grohmann (Reuters) - The race for three cities hoping to land the 2020 summer Olympics will go down to the wire after two years of campaigning as Istanbul, Madrid and Tokyo grapple with their own problems ahead of the September 7 vote. The International Olympic Committee will elect the winning bid at their session in Buenos Aires, Argentina, next month with no clear front runner in the campaign to host the world's biggest and most expensive multi-sport event. ... Full Story | Top |
| Olympics-IOC top job up for grabs as VP Bach eyes win Friday, Aug 30, 2013 06:00 PM PDT By Karolos Grohmann Aug 31 (Reuters) - The departure of International Olympic Committee president Jacques Rogge after 12 years with his sure hand on the tiller marks the end of an era for the global sports organisation, and sees six candidates vying to replace him on Sept. 10. Rogge, a Belgian surgeon, who took over from Juan Antonio Samaranch in 2001, steered the IOC through the reputation-damaging 2002 Salt Lake City Games bribery scandal fallout, and oversaw the organisation's trend-bucking financial growth as the economic crisis of the late 2000s bit into sports revenues. ... Full Story | Top |
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