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| North Korea says enters "state of war" against South Friday, Mar 29, 2013 09:07 PM PDT  By Jack Kim SEOUL (Reuters) - North Korea said on Saturday it was entering a "state of war" with South Korea in a continuing escalation of angry rhetoric directed at Seoul and Washington, but the South brushed off the statement as little more than tough talk. The two Koreas have been technically in a state of war for six decades under an armistice that ended their 1950-53 conflict. Despite its threats few people see any indication Pyongyang will risk a near-certain defeat by re-starting full-scale war. ... Full Story | Top |
| Big depositors in Cyprus to lose far more than feared Friday, Mar 29, 2013 07:09 PM PDT  By Michele Kambas NICOSIA (Reuters) - Big depositors in Cyprus's largest bank stand to lose far more than initially feared under a European Union rescue package to save the island from bankruptcy, a source with direct knowledge of the terms said on Friday. Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back. ... Full Story | Top |
| More trouble for Cohen's SAC Capital as Steinberg indicted in NY Friday, Mar 29, 2013 11:35 AM PDT  By Nate Raymond and Matthew Goldstein (Reuters) - U.S. prosecutors on Friday charged Michael Steinberg, a veteran portfolio manager at Steven A. Cohen's hedge fund, with insider trading in two technology stocks, the most senior SAC Capital Advisors' employee to be indicted in the government's long-running probe. FBI agents arrested Steinberg at his Park Avenue home in New York City at around 6 a.m. EDT (1000 GMT). Steinberg, wearing a blue sweater, pleaded "not guilty" to charges of securities fraud and conspiracy to commit securities when he appeared at a late morning arraignment. ... Full Story | Top |
| U.S. B-2 bombers sent to Korea on rare mission: diplomacy not destruction Friday, Mar 29, 2013 03:42 PM PDT  By Warren Strobel WASHINGTON (Reuters) - The stealthy, nuclear-capable U.S. B-2 bomber is a veteran of wars in Iraq and Libya, but it isn't usually a tool of Washington's statecraft. Yet on Thursday, the United States sent a pair of the bat-winged planes on a first-of-its-kind practice run over the skies of South Korea, conducting what U.S. officials say was a diplomatic sortie. The aim, the officials said, was two-fold: to reassure U.S. allies South Korea and Japan in the face of a string of threats from North Korea, and to nudge Pyongyang back to nuclear talks. ... Full Story | Top |
| Muslims vanish as Buddhist attacks approach Myanmar's biggest city Friday, Mar 29, 2013 08:48 PM PDT  By Jason Szep SIT KWIN, Myanmar (Reuters) - The Muslims of Sit Kwin were always a small group who numbered no more than 100 of the village's 2,000 people. But as sectarian violence led by Buddhist mobs spreads across central Myanmar, they and many other Muslims are disappearing. Their homes, shops and mosques destroyed, some end up in refugee camps or hide in the homes of friends or relatives. Dozens have been killed. ... Full Story | Top |
| Kenyans await ruling in disputed presidential race Friday, Mar 29, 2013 07:20 PM PDT  By Edmund Blair NAIROBI (Reuters) - Kenya's Supreme Court rules on Saturday on a challenge to Uhuru Kenyatta's presidential election win, a judgment seen as a test of the democratic system five years after another disputed vote triggered tribal bloodshed. The country's outgoing president called for calm ahead of the decision that will either confirm the victory of Kenya's richest man Kenyatta or force another vote. Defeated candidate Raila Odinga says the March 4 poll was marred by technical problems and widespread rigging. Both politicians have promised to abide by the court's final word. ... Full Story | Top |
| Pope leads traditional Good Friday rite at Rome Colosseum Friday, Mar 29, 2013 07:25 PM PDT  By Philip Pullella ROME (Reuters) - Thousands of people holding candles turned out at Rome's Colosseum to see Pope Francis mark the first Good Friday of his pontificate with a traditional "Way of the Cross" procession around the ancient amphitheatre. Francis, who was elected on March 13, sat under a red canopy on Rome's Palatine Hill as representatives of the faithful from around the world alternated carrying a wooden cross on the day Christians commemorated Jesus's death by crucifixion. ... Full Story | Top |
| House Speaker admonishes fellow Republican for immigrant slur Friday, Mar 29, 2013 03:12 PM PDT  WASHINGTON (Reuters) - U.S. House of Representatives Speaker John Boehner on Friday condemned a reference to migrant workers made by fellow Republican Representative Don Young, calling the comments "offensive and beneath the dignity of the office." Young referred to migrant workers as "wetbacks" in a radio interview aired in his home state of Alaska on Thursday, but issued an apology late in the day after criticism. The term is considered a slur against illegal immigrants who crossed into the United States from Mexico. "My father had a ranch. We used to hire 50-60 wetbacks ... ... Full Story | Top |
| No end to Italy deadlock despite president's efforts Friday, Mar 29, 2013 12:42 PM PDT  By James Mackenzie and Barry Moody ROME (Reuters) - Italy remained in political deadlock on Friday after a new round of talks led by President Giorgio Napolitano failed to break the stalemate created by elections last month that left no group able to form a government alone. Napolitano, 87, conducted a swift round of talks with the three main forces in parliament on Friday after the failure of a week of efforts by center-left leader Pier Luigi Bersani to win support for a new government. ... Full Story | Top |
| South Africa says Mandela makes progress, in good spirits Friday, Mar 29, 2013 05:38 AM PDT  By Shafiek Tassiem SOWETO, South Africa (Reuters) - South African former President Nelson Mandela is in good spirits and making progress, doctors said on Friday, after the 94-year-old anti-apartheid hero was taken to hospital for the third time in four months for a lung infection. The medical report was a relief to South Africans who had been anxiously praying and waiting for an update on the health of the Nobel Peace Prize laureate, hospitalized before midnight on Wednesday. Global leaders sent their best wishes. ... Full Story | Top |
| Bombs at five Iraqi Shi'ite mosques kill 19 Friday, Mar 29, 2013 07:31 AM PDT  BAGHDAD (Reuters) - Car bombs hit five Shi'ite mosques in Baghdad and the northern Iraqi city of Kirkuk just after prayers on Friday, killing 19 worshippers and injuring another 130. Ten years after the U.S. invasion that toppled Saddam Hussein, Iraq is still grappling with political turmoil and Sunni Islamist insurgents linked to al Qaeda, who are stepping up attacks on Shi'ite targets and security forces. ... Full Story | Top |
| Consumer data support sturdy first-quarter growth picture Friday, Mar 29, 2013 08:51 AM PDT  By Lucia Mutikani WASHINGTON (Reuters) - Consumer spending rose in February and sentiment among Americans perked up this month, further signs of an acceleration in economic activity in the first quarter after a near stall late last year. The data on Friday also showed a rebound in income growth, putting the economy in a better shape to deal with tighter fiscal policy, particularly $85 billion in across-the-board federal government spending cuts, known as the "sequester. ... Full Story | Top |
| Big depositors in Cyprus to lose far more than feared Friday, Mar 29, 2013 01:16 PM PDT  By Michele Kambas NICOSIA (Reuters) - Big depositors in Cyprus's largest bank stand to lose far more than initially feared under a European Union rescue package to save the island from bankruptcy, a source with direct knowledge of the terms said on Friday. Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back. ... Full Story | Top |
| Quarter of U.S. firms in China face data theft: business lobby Friday, Mar 29, 2013 01:50 AM PDT  By Michael Martina BEIJING (Reuters) - A quarter of firms that are members of a leading U.S. business lobby in China have been victims of data theft, a report by the group said on Friday, amid growing vitriol between Beijing and Washington over the threat of cyber attacks. Twenty-six percent of members who responded to an annual survey said their proprietary data or trade secrets had been compromised or stolen from their China operations, the American Chamber of Commerce in China report said. ... Full Story | Top |
| North Korea readies rockets after U.S. show of force Friday, Mar 29, 2013 03:54 AM PDT  By David Chance and Phil Stewart SEOUL/WASHINGTON (Reuters) - North Korea put its missile units on standby on Friday to attack U.S. military bases in South Korea and the Pacific, after the United States flew two nuclear-capable stealth bombers over the Korean peninsula in a rare show of force. North Korean leader Kim Jong-un signed off on the order at a midnight meeting of top generals and "judged the time has come to settle accounts with the U.S. imperialists in view of the prevailing situation", the official KCNA news agency said. ... Full Story | Top |
| Consumer sentiment jumps in March on jobs hopes Friday, Mar 29, 2013 07:37 AM PDT  By Luciana Lopez NEW YORK (Reuters) - Consumer sentiment jumped in the second half of March by a record amount as Americans discounted the effects of government spending cuts and saw more healing in the labor market, a survey released on Friday showed. The Thomson Reuters/University of Michigan's final reading on the overall index on consumer sentiment came in at 78.6, up from 77.6 the month before. That was well above the median forecast of 72.5 among economists polled by Reuters and a record upward revision from a preliminary reading of 71.8 in mid-March. ... Full Story | Top |
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