Monday, June 28, 2010
International Headlines
>TOP STORIES as of 0800 HKT -- 28 June, 2010
> KYRGYZSTAN APPROVES NEW CONSTITUTION FOLLOWING VOTE
Kyrgyzstan, recently hit by an outbreak of riots across its
territory, approves a new constitution following a referendum,
the state-run Kabar news agency reported.
> G-20 PROTESTS PLAGUED BY VIOLENCE
Police in Canada are preparing for more disruptions after
protesters burned cars, hurled bricks and smashed windows as
they tried to gain access to the G-20 summit.
> CIA: AFGHAN WAR HAS 'SERIOUS PROBLEMS'
CIA Director Leon Panetta said Sunday that the war in
Afghanistan had "serious problems," but the U.S.-led mission was
making progress.
> POPE DEPLORES CHURCH ABUSE RAID
A raid at the headquarters of the Catholic Church in Belgium by
police investigating child abuse was "deplorable," Pope Benedict
XVI said Sunday.
> IRAN DISMISSES LATEST U.S. SANCTIONS
Iranian officials dismiss new U.S. sanctions against their
country, with one parliament member saying the measures will
only backfire, according to state-run media.
> G8 CRITICIZES NORTH KOREA AND IRAN
The Group of Eight rich nations focused on recovery from a
global economic crisis in their two-day summit but also issued
strong criticism of Iran and North Korea.
> KYRGYZ VOTE UNDER WAY AMID CONCERNS
Voting was under way Sunday for a new constitution in
Kyrgyzstan, just weeks after the strategically-important central
Asian nation was wracked by ethnic violence.
> GULF CREWS KEEP WARY EYE ON STORM
Tropical Storm Alex was on track to become hurricane strength
once it makes its way back to the warm waters of the Gulf of
Mexico late Sunday. But forecasters expect it to avoid the
oil-affected areas.
BUSINESS
~~~~~~~~~~~
> G-20 BATTLELINE: STIMULUS V. AUSTERITY
As world leaders meet in Toronto for the G-20 summit,
disagreements are brewing over how the global economy's fragile
recovery should best be steered.
> DEFENSE CONCLUDES 'ROGUE TRADER' CASE
Defense lawyers wrapped up their case Friday for French trader
Jerome Kerviel, who is on trial for allegedly betting 50 billion
euros (US $61 billion) of a French bank's money without its
knowledge.
> US BANKS AND FUNDS TO FACE $19B LEVY
Banks will be forced to spin off their swaps desks, but US
lawmakers also made concessions to Wall Street as they finalized
sweeping financial reform in the early hours of Friday morning.
