Here are the prices of some key commodities traded in New York on Tuesday: Crude oil prices gained more than $2 to close at $92.89 per barrel. Coffee futures rose 8 cents to finish at $2.58 per pound. Copper prices rose 4 cents to $4.09 a pound. Cocoa prices rose $60 to finish the day’s […]
Greek Police Clash with Protesters as Workers Strike
Posted June 28th, 2011 at 3:30 pm (UTC-5)
Thousands of protesters are clashing with Greek police on the streets of Athens, hurling rocks and fire bombs at them on the first day of a general strike protesting a new round of national austerity reforms. At least 4,000 police converged on the central part of the Greek capital Tuesday as about 20,000 people rallied […]
Afghan Police: Suicide Bomber Attacks Kabul Hotel
Posted June 28th, 2011 at 3:25 pm (UTC-5)
Police in the Afghan capital, Kabul, say at least one suicide bomber attacked a major hotel frequented by Westerners late Tuesday. There was no immediate word on casualties, but witnesses said gunfire was heard in the vicinity of the hotel. Earlier in the day, NATO said increasing numbers of male militants are dressing as women […]
NASA to Launch Final Shuttle Mission on July 8
Posted June 28th, 2011 at 3:20 pm (UTC-5)
Officials with the U.S. space agency, NASA, have voted unanimously to set July 8 as the launch date for the U.S. shuttle program’s last mission. NASA made the announcement Tuesday on its Twitter feed. The space shuttle Atlantis will be carrying out the final mission of the 30-year shuttle program. Atlantis will bring a crew […]
Obama: Next Century Can Be ‘Another American Century’
Posted June 28th, 2011 at 3:20 pm (UTC-5)
U.S. President Barack Obama has highlighted the importance of American manufacturing in revitalizing the economy. President Obama visited an aerospace supply plant in the central U.S. state of Iowa Tuesday, telling workers the United States can make the next century, in his words, “another American century.” The president said the U.S. is facing some tough […]
Greek Police Clash with Protesters as Workers Strike
Posted June 28th, 2011 at 3:10 pm (UTC-5)
Thousands of protesters are clashing with Greek police on the streets of Athens, hurling rocks and fire bombs at them on the first day of a general strike protesting a new round of national austerity reforms. At least 4,000 police converged on the central part of the Greek capital Tuesday as about 20,000 people rallied […]
Russia Ends Blanket Ban on EU Vegetable Imports
Posted June 28th, 2011 at 3:00 pm (UTC-5)
Russia has resumed accepting vegetable imports from the Netherlands and Belgium, ending its ban on European Union exports imposed at the height of fears about contamination from a deadly strain of E. coli bacteria. Russian consumer authorities ended the 26-day ban for the two countries on Tuesday. They are also reviewing when imports might resume […]
Former Afghan Bank Chief Faces Charges
Posted June 28th, 2011 at 2:50 pm (UTC-5)
Afghanistan’s deputy attorney general says the former head of the country’s central bank, who resigned and fled the country, faces charges and will be prosecuted. Central Bank Governor Abdul Qadir Fitrat left Afghanistan for the United States and stepped down from his post Monday, saying he feared for his life after investigating the corruption scandal […]
France’s Lagarde First Woman to Head IMF
Posted June 28th, 2011 at 2:45 pm (UTC-5)
The new head of the International Monetary Fund, Christine Lagarde, is the first woman tapped to lead the lending organization since its founding nearly 70 years ago. The 55-year-old Lagarde has been France’s finance minister since June 2007, earning widespread respect for her leadership during the financial crisis. Lagarde helped lead negotiations last year that […]
IMF Critics Call For Reforms
Posted June 28th, 2011 at 2:35 pm (UTC-5)
Critics of the International Monetary Fund are calling for reforming the global lender and changing the way it picks leaders, as French Finance Minister Christine Lagarde was chosen to be the next IMF managing director on Tuesday. The head of the world’s largest bond fund, economist Mohamed El-Erian says she should “hard-wire” a selection process […]
