Reuters - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.

PotashCorp mill general superintendent Trevor Berg holds a handful of chicklet potash at a potash holding centre at the Cory mine facilities near Saskatoon, August 19, 2010. REUTERS/David StobbeReuters - Chinese and other investors have approached at least one big Canadian pension manager about a bid for Canada's Potash Corp to rival BHP Billiton's $39 billion hostile offer.


Boats are seen spraying water on an oil and gas platform that exploded in the Gulf of Mexico, off the coast of Louisiana., Thursday, Sept. 2, 2010. All 13 crew members were rescued. (AP Photo/Gerald Herbert)AP - An oil platform exploded and burned off the Louisiana coast Thursday, the second such disaster in the Gulf of Mexico in less than five months. This time, the Coast Guard said there was no leak, and no one was killed.


Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidAP - Most Asian stock markets climbed Friday as investors took heart from improving U.S. housing and jobs data amid lingering worries over the pace of the global economic recovery.


The logo of South Korean car firm Kia Motors. The country's second largest carmaker has said it is recalling about 35,000 vehicles sold in the United States due to faulty wiring in interior lights that could cause fires.(AFP/File/Stan Honda)AFP - South Korea's second largest carmaker Kia Motors said Friday it is recalling about 35,000 vehicles sold in the United States due to faulty wiring in interior lights that could cause fires.


Flood victims left without receiving aid for three days reach for food handouts donated by a group calling themselves Muslim brothers in Pakistan's Muzaffargarh district of Punjab province September 2, 2010. REUTERS/Damir SagoljReuters - The International Monetary Fund will give Pakistan $450 million in emergency flood aid and disburse funds in September to help the country's economy cope with the devastation, the head of the IMF said on Thursday.


Reuters - Video game maker Take-Two Interactive Inc on Thursday smashed Wall Street expectations for its fiscal third quarter and raised its forecast for the current fourth quarter, citing strong sales for its "Red Dead Redemption" title.
AP - Discounts spur surprising Aug. retail sales gains
AP - The mother of a Walt Disney World monorail pilot killed last year accuses her son's former boss of leaving his post and creating a dangerous situation.
AP - A man accused of bilking elderly South Los Angeles residents out of their homes in a foreclosure scam is facing a potential life sentence in a rare use of California's three-strikes law for a white-collar crime.
AP - Coast Guard: no sign of oil leak after Gulf platform fire, but crews continue to monitor.

Boats are seen spraying water on an oil and gas platform that exploded in the Gulf of Mexico, off the coast of Louisiana., Thursday, Sept. 2, 2010. All 13 crew members were rescued. (AP Photo/Gerald Herbert)AP - An oil platform exploded and caught fire Thursday off the Louisiana coast, the second such disaster in the Gulf of Mexico in less than five months. All 13 crew members were rescued from the water in protective "Gumby suits."


AP - Sunoco Inc. has tapped former General Motors CEO Fritz Henderson to lead the energy spin-off it is forming early next year.
AP - Fans of "Gunsmoke" can travel back to the glory days of the classic TV western during a 55th anniversary celebration opening Friday in Dodge City.
AP - The European Union says it has added two Ghanaian-registered cargo companies to its list of airlines whose aircraft are barred from flying to Europe.

FILE - In this Aug. 25, 2009 file photo, Rep. Gerry Connolly, D-Va., conducts a town hall event in Springfield, Va. Chances are fading that Congress will allow taxes to rise, even for the nation's top earners. Worried about the fragile economy and their own upcoming election, a growing number of Democrats are joining the rock-solid Republican opposition to President Barack Obama's plans to let some of the Bush administration's tax cuts expire. (AP Photo/Gerald Herbert, File)AP - Congress seems increasingly reluctant to let taxes go up, even on wealthier Americans.


FILE - In this Jan. 21, 2010 file photo, passengers walk past a Delta Airlines 747 aircraft in McNamara Terminal at Detroit Metropolitan Wayne County Airport in Romulus, Mich. Delta Air Lines said Thursday, Sept. 2, 2010, it will spruce up its fleet of 16 Boeing 747-400 aircraft, which fly mostly long-hauls from Tokyo, with more luxurious seats, added space and personal TVs. (AP Photo/Paul Sancya, file)AP - Delta Air Lines Inc. plans to upgrade the seats on its Boeing 747s next summer, while cutting the number of seats in the plane's most expensive cabin.


In this Sept. 1, 2010 photo, traders and specialists work the trading floor of the New York Stock Exchange, in New York. (AP Photo/David Karp)AP - Stocks rose Thursday, extending their gains from the day before, after reports on housing, manufacturing and jobs all indicated that the economy continues to grow.


A Burger King sign outside a Miami restaurant. US fast food giant Burger King said Thursday it would no longer buy palm oil from Sinar Mas or its subsidiaries after Greenpeace campaigned against the Indonesian group's land-clearing practices.(AFP/Getty Images/File/Joe Raedle)Reuters - Burger King Holdings Inc agreed to sell itself to investment firm 3G Capital for $3.26 billion, giving the No. 2 U.S. fast-food chain breathing room to fix its business and close the gap with leader McDonald's Corp.


AP - H&R Block Inc. on Thursday said its fiscal first-quarter loss narrowed by 2 percent as it reduced staffing and other expenses.

Sponsors

Top Contributors

Sponsors

Sponsors