| Latest worldwide news | Scientists smell success with durian wine | | | July 21 - Scientists in Singapore are turning their hands to wine-making, using the pungent-smelling durian as a replacement for grapes. They're still a long way from commercializing durian wine, but the researchers are confident that the so-called "King of Fruits" has potential for producing a wine that people will want to drink. Tara Cleary reports. |
| Bribery allegations hit GSK | | | Jim Boulden reports on the admission from GlaxoSmithKline that its employees may have committed crimes in China. |
| Hedge funds bet wrong on US crude before slump, right on gold | | | * Funds put $3.3 bln into new crude longs before market fell * Bets on gold turned right as price rallies 3rd week in row By Barani Krishnan NEW YORK, July 26 (Reuters) - Hedge funds took huge positive bets on U.S. crude oil this week just before the market turned south but they had better luck going long on gold as the precious metal rallied, trade data and price charts showed on Friday. Positive wagers placed by money managers on contracts of West Texas Intermediate (WTI) crud |
| Bo Xilai indicted for corruption, abuse of power | | | For more than a year, Bo Xilai has been the elephant in the room in Chinese politics -- the central figure in one of the messiest political scandals to hit the ruling Communist Party in years. |
| U.S. intends to send two Guantanamo detainees to Algeria | | | WASHINGTON (Reuters) - The Obama administration said on Friday it plans to repatriate two inmates to Algeria from the detention center at Guantanamo Bay, Cuba, resuming the transfer of detainees from the controversial prison for the first time in nearly a year. |
| Rains preceded record drop in U.S. corn, soy cash prices | | | CHICAGO, July 26 (Reuters) - Widespread rains last weekend in the U.S. Corn Belt sparked a record drop in cash corn and soybean prices - a wave of declines that triggered a steep fall in futures at the Chicago Board of Trade this week, grains traders and analysts said. |
| NASCAR pioneer Nicole | | | Nicole Lyons sets the pace for African-American woman in NASCAR. George Howell reports. |
| WRAPUP 2-SAC Capital pleads not guilty; reinsurance unit eyed | | | July 26 (Reuters) - Billionaire investor Steven A. Cohen's hedge fund pleaded not guilty on Friday to insider trading charges in federal court, as questions also surfaced about the future of SAC Capital's Bermuda-based reinsurance unit, SAC Re. |
| Detroit case may alter distressed U.S. city behavior Moody's | | | (Reuters) - Detroit's filing for bankruptcy protection is "profoundly meaningful" for the small number of local governments in the United States that are below investment grade, and could change their approach to pensions and other long-term liabilities, Moody's Investors Service said on Friday. |
| Bessemer goes on defense, on pace for best year | | | NEW YORK (Reuters) - Portfolio managers at Bessemer Trust, financial adviser to ultra-wealthy U.S. families, took an extremely defensive posture a few weeks ago amid some of the most volatile... |
| Turning market hits "trend-following" quant funds | | | LONDON (Reuters) - The global equity pullback over the last month hit "trend-following" quantitative funds the hardest, but the strategy could remain the most profitable in the longer run, delegates... |
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