Current News Today
| Israel strikes house of Hamas Gaza leader, digs in for long fight|
By Nidal al-Mughrabi and Maayan Lubell GAZA/JERUSALEM (Reuters) - Israel's military pounded targets in the Gaza Strip on Tuesday after Prime Minister Benjamin Netanyahu said his country should prepare for a long conflict in the Palestinian enclave, squashing any hopes of a swift end to 22 days of fighting. Gaza residents reported heavy Israeli bombing in Gaza City. Israeli aircraft fired a missile at the house of Hamas Gaza leader Ismail Haniyeh and flattened it before dawn, causing damage but no casualties, Gaza's interior ministry said. The Israeli military said five soldiers were killed in a battle with militants who crossed into Israel via a tunnel near the community of Nahal Oz, close to the Gaza border.
Tue, 29 Jul 2014 02:19:11 -0400
| West agrees wider Russia sanctions as Kiev says forces near crash site|
By Gabriela Baczynska and Aleksandar Vasovic KIEV/DONETSK Ukraine (Reuters) - U.S. and European leaders agreed on Monday to impose wider sanctions on Russia's financial, defense and energy sectors as Ukraine said its forces advanced toward the crash site of Malaysian flight MH17. The new sanctions, which U.S. President Barack Obama and leaders of Germany, Britain, France and Italy discussed in a conference call, are aimed at increasing the pressure on Russian President Vladimir Putin after the Malaysian airliner was shot down over territory held by pro-Moscow rebels in eastern Ukraine. "It's precisely because we've not yet seen a strategic turn from Putin that we believe it's absolutely essential to take additional measures and that's what the Europeans and the United States intend to do this week," said Tony Blinken, a national security adviser to Obama.
Mon, 28 Jul 2014 15:58:58 -0400
| Iraq lays claim to Kurdish crude cargo in Texas court|
Iraq filed suit on Monday in a Texas court to gain control of a cargo of crude oil from Iraqi Kurdistan that Baghdad says was sold without its permission. The United Kalavrvta tanker, carrying some 1 million barrels of crude worth about $100 million, arrived off the coast of Texas on Saturday but has yet to unload its disputed cargo. The ship, which is too large to enter the port of Galveston near Houston, was given clearance by the U.S. Coast Guard on Sunday to transfer its cargo offshore to smaller boats that would deliver it to the U.S. mainland. Iraq, in its filing in U.S. District Court for the Southern District of Texas, asked for an order allowing the cargo to be seized by the U.S. Marshals Service.
Mon, 28 Jul 2014 19:26:36 -0400
Current News Today
| Judge OKs record-setting $2B sale of Clippers (Yahoo Sports)|
Embattled Los Angeles Clippers owner Donald Sterling lost his attempt to block the $2 billion sale of the team to former Microsoft CEO Steve Ballmer. In allowing the deal to go forward, Superior Court Judge Michael Levanas sided Monday with Sterling's estranged wife, Shelly Sterling, who negotiated the record sale after the NBA banned the 80-year-old billionaire for making offensive remarks about blacks. Shelly Sterling sought the probate judge's approval to ink the deal after taking over the family trust that owns the team because doctors found Donald Sterling had signs of Alzheimer's disease and couldn't manage his affairs. The judge said Shelly Sterling had negotiated a good deal and the removal of her husband as a co-trustee was in good faith and not part of a secret plan to seize the team.
Mon, 28 Jul 2014 19:46:49 PDT
| Lions postpone talks with Suh until after season (Yahoo Sports)|
The Detroit Lions are postponing contract talks with All-Pro defensive tackle Ndamukong Suh until after the season. Suh is entering the final season of his contract, and team president Tom Lewand and general manager Martin Mayhew said before practice Monday that negotiations are being tabled. If the two sides can't reach a deal after the season, the Lions could still keep Suh by using their franchise tag on him. ... I think the cap is going to go up next year, and probably the year after that too.'' The Lions selected Suh with the second overall pick in 2010, and he has 27 1/2 sacks in his four pro seasons.
Mon, 28 Jul 2014 15:47:44 PDT
| Cabrera, Dickey lead Blue Jays over Red Sox 14-1 (Yahoo Sports)|
Melky Cabrera's second homer sailed over the left field wall and smashed a car window across the street. Just a little extra damage in a game when the Toronto Blue Jays hammered the Boston Red Sox. Cabrera homered from both sides of the plate and drove in five runs, R.A. Dickey pitched three-hit ball for seven innings and the Blue Jays won 14-1 on Monday night. ''He didn't know'' his three-run homer in a nine-run sixth inning had cracked the windshield, Cabrera said through a translator.
Mon, 28 Jul 2014 21:12:06 PDT
Current News Today
| Asia stocks reach three-year peak, China on the rise|
Hong Kong's key stock index rose 0.5 percent to its loftiest level in over 3-1/2 years on optimism that the economy has turned a corner and as investors wagered on more growth-friendly policies from Beijing. The charge had been led by Chinese banks after a Reuters report said the country's fifth-biggest bank by assets planned to seek more private investors. "The recent rally of Hong Kong and China stock markets is pretty much liquidity-driven due to favourable fund flow. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.33 percent to be just a whisker from a peak last touched in April 2011.
Tue, 29 Jul 2014 02:18:16 -0400
| Exclusive: Goldman unit eyes foray into China amid metals financing scandal|
By Josephine Mason, Melanie Burton and Susan Thomas NEW YORK/SYDNEY/LONDON (Reuters) - Goldman Sachs Group Inc's metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels a scramble for market share. It has intensified a battle between new entrants and entrenched rivals in the multi-billion dollar business of securely storing the world's commodities in China, the world's biggest producer and user of base metals. As Goldman ponders a possible move into China, Western warehousing companies already operating there, including Glencore Plc unit Pacorini Metals and Trafigura-owned Impala [TRAFGF.UL], are scrambling to defend their turf. Detroit-based Metro International Trade Services, a major warehousing company that Goldman bought in 2010, is looking at setting up shop in Shanghai and other bonded locations in the country, a source familiar with the matter told Reuters.
Tue, 29 Jul 2014 01:12:55 -0400
| Jaded Argentines brace for looming debt default|
By Eliana Raszewski and Richard Lough BUENOS AIRES (Reuters) - Factory owner Norberto Garcia was poised to launch a series of new toys this year after grafting hard for the past decade to rebuild his business following Argentina's 2001-2002 economic crash and debt default. Garcia's wait-and-see attitude is typical of other businesses who anticipate a slowdown in sales in a country grappling with a surging inflation rate but are convinced any economic downturn will be moderate. While unsettling, the debt crisis today is a far cry from the turmoil of Argentina's $100 billion default in 2002, and Garcia is optimistic things will ultimately improve. Argentina's record default sent shockwaves through global capital markets and millions of Argentines lost their jobs as the economy collapsed.
Tue, 29 Jul 2014 01:10:38 -0400