• Bernanke says Fed likely to reduce stimulus this year

    Reuters - 7 minutes ago

    By Alister Bull and Pedro da Costa WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year. Bernanke's confirmation that the Fed is getting closer to pulling back on its $85 billion in monthly asset purchases confirmed investor fears, sending stocks and bonds sharply lower, and pushing benchmark Treasury yields to a 15-month high. ... More »Bernanke says Fed likely to reduce stimulus this year

  • Brazil's protests: Not quite a 'Tropical Spring'

    Reuters - 9 minutes ago

    By Brian Winter SAO PAULO (Reuters) - Brazil's blossoming protest movement is a coming-of-age for what had been one of Latin America's most politically disengaged youth populations, but does not appear to constitute a major threat to governability or established political parties. The protests, which gathered steam last week and saw some 200,000 Brazilians demonstrate in a dozen cities on Monday, are unlikely to go away anytime soon. ... More »Brazil's protests: Not quite a 'Tropical Spring'

  • Microsoft reverses position on Xbox One Internet, game sharing

    Reuters - 10 minutes ago

    SEATTLE (Reuters) - Microsoft Corp said on Wednesday that users of its forthcoming Xbox One game console will be able to play games offline without establishing an Internet connection, and will be able to lend or sell used disc-based games. The announcement reverses the company's position when it unveiled the console in May, causing consternation among hardcore gamers. (Reporting by Bill Rigby) More »Microsoft reverses position on Xbox One Internet, game sharing

  • Deadly new coronavirus a "serious risk" in hospitals-Saudi study

    Reuters - 11 minutes ago

    By Kate Kelland LONDON (Reuters) - The new Middle East coronavirus that has killed 38 people after emerging late last year is a serious risk in hospitals because it is easily transmitted in healthcare environments, infectious disease experts said on Wednesday. In a study published in the New England Journal of Medicine, the researchers said the Middle East respiratory syndrome (MERS)was not only easily transmitted from patient to patient, but also from the transfer of sick patients to other hospitals. ... More »Deadly new coronavirus a "serious risk" in hospitals-Saudi study

  • Oil, gold dip on Bernanke stimulus remarks, grains up

    Reuters - 13 minutes ago

    By Barani Krishnan NEW YORK (Reuters) - Oil prices came under pressure on Wednesday while gold and copper fell after Federal Reserve Chairman Ben Bernanke said the central bank could begin to scale back its stimulus measures for the U.S. economy later this year. Agricultural markets rose broadly. Wheat had its biggest rally since April on bargain buying and expectations the grain will be used as a livestock feed. The rally in farm futures helped the 19-commodity Thomson Reuters-Jefferies CRB index close up 0. ... More »Oil, gold dip on Bernanke stimulus remarks, grains up

  • Greek coalition signals state TV deal near, to meet again

    Reuters - 14 minutes ago

    By Lefteris Papadimas and Renee Maltezou ATHENS (Reuters) - Greece's ruling party leaders have signalled they are moving towards a compromise on the restart of state TV broadcasts and pledged to resolve a political standoff by Thursday. A court ruling on Monday ordered the public broadcaster ERT back on air, but its screens were still black or showing colour bars after Prime Minister Antonis Samaras's surprise decision a week ago to pull the plug at a few hours' notice to save money. ... More »Greek coalition signals state TV deal near, to meet again

  • Henrik Larsson makes comeback but son gets the goal

    Reuters - 16 minutes ago

    STOCKHOLM (Reuters) - The name "Larsson" was once again on a scoresheet in a Swedish soccer match as former international striker Henrik Larsson made a comeback but this time it was his 15-year-old son Jordan who netted the goal. "We didn't combine a whole lot but obviously I'm proud," Henrik Larsson told newspaper Expressen after seeing his son score in Hogaborg's 4-2 win over Tenhult in Sweden's Division Two (fourth tier). ... More »Henrik Larsson makes comeback but son gets the goal

  • Neymar strikes again as Brazil beat Mexico

    Reuters - 16 minutes ago

    By Tatiana Ramil FORTALEZA, Brazil (Reuters) - Neymar struck with a stunning early volley for the second Confederations Cup game in a row and brilliantly set up the second goal to give Brazil a 2-0 win over Mexico on Wednesday. Neymar met the ball at a difficult height after Mexico defender Francisco Rodriguez failed to properly clear a header and showed great technique to volley the ball left-footed past Jose Corona in the ninth minute. He brought the crowd to its feet against in stoppage time when he slipped between two Mexican defenders and crossed for substitute Jo to score easily. ... More »Neymar strikes again as Brazil beat Mexico

  • Microsoft talked with Nokia about buying devices unit - report

    Reuters - 17 minutes ago

    SEATTLE (Reuters) - Microsoft Corp recently talked with Nokia about buying the Finnish phone maker's devices unit, but the discussions faltered and are not likely to be revived, the Wall Street Journal reported Wednesday in its online edition. The Journal reported that "advanced discussions" on a deal happened as recently as this month, according to unnamed sources it said were familiar with the matter. Microsoft rejected a deal because of price and Nokia's loss of market share to rising Asian competitors, the report said. Representatives of both companies declined comment. ... More »Microsoft talked with Nokia about buying devices unit - report

  • World stocks, bond prices drop as Fed points to reduced bond buying

    Reuters - 19 minutes ago

    By Leah Schnurr NEW YORK (Reuters) - Stocks tumbled and benchmark Treasury bond yields rose to levels not seen since March 2012 on Wednesday after Ben Bernanke laid out a blueprint for the wind-down of the Federal Reserve's bond-buying program that has bolstered risky assets. Bernanke's comments were more explicit than markets expected. He said the Fed's policy-setting committee will begin to pull back on purchases later this year if the economy grows as expected, with the eventual goal of ending the program by the middle of 2014. ... More »World stocks, bond prices drop as Fed points to reduced bond buying

  • Liv Tyler to make TV debut

    IANS India Private Limited - 39 minutes ago

    Los Angeles, June 20 (IANS) Actress Liv Tyler will be seen on the small screen with Justin Theroux in an adaptation of the 2011 novel "The Leftovers". More »Liv Tyler to make TV debut

  • Wall St slumps after Bernanke hints at slowing bond buying

    Reuters - 1 hour 14 minutes ago

    By Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough. Equities have been closely tethered to ultra-loose monetary policy, which has been key to the S&P's climb of more than 14 percent so far this year. Benchmark 10-year U.S. bond yields jumped to a 15-month high on expectations the Fed will reduce its bond buying. ... More »Wall St slumps after Bernanke hints at slowing bond buying

  • President Xi, Obama summit was 'very successful': China

    IANS India Private Limited - 1 hour 29 minutes ago

    Beijing, June 20 (IANS) The first summit between President Xi Jingping and his US counterpart Barack Obama held earlier this month proved very successful, Chinese Foreign Minister Wang Yi said Wednesday. More »President Xi, Obama summit was 'very successful': China

  • Afghan government to shun U.S. talks with Taliban

    Reuters - 1 hour 29 minutes ago

    By Hamid Shalizi KABUL (Reuters) - Afghan President Hamid Karzai said on Wednesday his government would not join U.S. peace talks with the Taliban and halted negotiations with Washington on a troop pact, underscoring the fragile nature of hopes for a negotiated peace in Afghanistan. The United States and the Taliban have said officials from both sides will meet in Doha, the capital of Qatar, on Thursday, in a step forward for a stuttering peace process after 12 years `,of bloody and costly war between U.S.-led forces and the insurgents. ... More »Afghan government to shun U.S. talks with Taliban

  • Rihanna disappoints fans

    IANS India Private Limited - 1 hour 31 minutes ago

    London, June 20 (IANS) Pop star Rihanna left her fans upset after she reportedly turned up late by two hours for a gig in Birmingham. Her fans are said to have accused her of drugs. More »Rihanna disappoints fans

  • Teens more resilient, tech savvy than older millennials - study

    Reuters - 1 hour 31 minutes ago

    By Patricia Reaney NEW YORK (Reuters) - Young teenagers who make up the second wave of millennials, the generation that began in the 1980s, are more resilient, adaptable and tech savvy than their older counterparts, according to a new study. The 70 million millennials, or Generation Y, have been dubbed the entitled or me generation. Younger millennials, aged 13-17, are very different in outlook, planning and use of technology than 20-somethings. ... More »Teens more resilient, tech savvy than older millennials - study

  • Brazil protests proceed as smaller cities join the fray

    Reuters - 1 hour 32 minutes ago

    By Asher Levine and Tatiana Ramil SAO PAULO/FORTALEZA (Reuters) - Protesters blocked roads in Sao Paulo and marched toward a stadium hosting a major international soccer game in Brazil's northeast on Wednesday in a growing wave of nationwide demonstrations against poor public services, inflation and other woes in Latin America's biggest country. After more than a week, the biggest series of protests to sweep Brazil in more than two decades continued in major capitals and moved into smaller cities. ... More »Brazil protests proceed as smaller cities join the fray

  • NBC's 'The Voice' finale attracts 15.3 million viewers

    Reuters - 1 hour 33 minutes ago

    LOS ANGELES (Reuters) - NBC said on Wednesday that its singing competition "The Voice", which included the first live TV performance by Cher in more than a decade, had attracted 15.3 million viewers. In a two-hour season finale, teenage country singer Danielle Bradbery become the show's youngest winner. "The Voice" wrapped its fourth season on Tuesday. It was the second most-watched program on U.S. television behind the sixth game of the National Basketball Association Finals, which had about 16.2 million viewers. ... More »NBC's 'The Voice' finale attracts 15.3 million viewers

  • Iran says appeals for "jihad" in Syria fuel radicalism

    Reuters - 1 hour 34 minutes ago

    KUWAIT (Reuters) - Calls by Sunni Muslim clerics for a holy war against the Syrian government and its Shi'ite allies are fuelling radicalism in the region, a senior Iranian official said on Wednesday. Earlier this month, prominent cleric Sheikh Youssef al-Qaradawi called for jihad in Syria after fighters from Shi'ite Lebanese group Hezbollah intervened to help President Bashar al-Assad, in a move which stoked sectarian tensions. ... More »Iran says appeals for "jihad" in Syria fuel radicalism

  • After four decades, Black Sabbath tops U.S. album chart

    Reuters - 1 hour 36 minutes ago

    By Piya Sinha-Roy LOS ANGELES (Reuters) - Veteran heavy-metal band Black Sabbath landed its first No. 1 album on the Billboard 200 album chart on Wednesday, more than four decades after the rockers debuted their first album in the United States. "13," the 19th studio album from Black Sabbath, sold 155,000 copies in its first week, according to figures from Nielsen SoundScan, knocking last week's No. 1 album by Queens of the Stone Age off the top spot on the weekly U.S. album chart. ... More »After four decades, Black Sabbath tops U.S. album chart

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