India's reformist finance minister faces budget moment of truth

India's reformist finance minister faces budget moment of truth

India's reformist finance minister faces budget moment of truth

Posted: 27 Feb 2013 01:33 PM PST

NEW DELHI (Reuters) - Finance Minister P. Chidambaram will present one of the most highly anticipated Indian budgets of recent years on Thursday, a blueprint for austerity that forms the centerpiece of India's efforts to stave off a damaging credit ratings downgrade.

Slovenia parliament dismisses PM, gives center-left mandate

Posted: 27 Feb 2013 01:23 PM PST

LJUBLJANA (Reuters) - Slovenia dismissed its conservative-led government on Wednesday and gave a centre-left finance expert the task of halting the Alpine state's fall from post-communist rising star to the euro zone's latest bailout candidate.

As Dennis Rodman visits, North Korea pledges 'bitter hatred for the U.S.'

Posted: 27 Feb 2013 12:57 PM PST

Dennis Rodman's ongoing "basketball diplomacy" to North Korea, which his agent says is meant to convince "Kim Jong" that "the only way to go is with peace not war," doesn't seem to have exactly revolutionized North Korean foreign policy just yet.

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Iran nuclear talks end on upbeat note

Posted: 27 Feb 2013 12:57 PM PST

Prospects for a nuclear deal with Iran received an unexpected boost Wednesday when negotiators from Tehran and six world powers emerged from talks with a commodity rarely seen in recent Iranian diplomacy: optimism.

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China is happy with John Kerry because it thinks he'll drop the 'pivot to Asia'

Posted: 27 Feb 2013 12:42 PM PST

John Kerry's first weeks as secretary of state, and even the weeks before he took the job, certainly gave the impression that he would focus on the Middle East on restarting Israeli-Palestinian peace talks, on nuclear negotiations with Iran, on the Syrian civil war and he has. But he so far has not showed much enthusiasm for the Obama administration's first-term "pivot to Asia."

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Rwanda's Kagame brushes off speculation over third term

Posted: 27 Feb 2013 01:17 PM PST

KIGALI (Reuters) - Rwandan President Paul Kagame responded to speculation he might run for office again by telling journalists on Wednesday "I don't need (a third term)", but did not clearly rule out the possibility of extending his time in office.

Italy president snubs German candidate over clown gaffe

Posted: 27 Feb 2013 01:08 PM PST

BERLIN (Reuters) - Italy's president cancelled a dinner with the German opposition's chancellor candidate Peer Steinbrueck in Berlin on Wednesday after he described the former Italian premier Silvio Berlusconi and comic-turned-politician Beppe Grillo as "clowns".

Shell Suspends Arctic Drilling for 2013

Posted: 27 Feb 2013 12:55 PM PST

The company said it would pause its exploration drilling in the Chukchi and Beaufort seas after encountering numerous problems.

Domenica Ruta’s Memoir, ‘With or Without You’

Posted: 27 Feb 2013 08:19 AM PST

Domenica Ruta's new memoir, "With or Without You," details her complicated life and her drug-addicted mother.

Social activist Stephane Hessel dies at 95

Posted: 27 Feb 2013 12:35 PM PST

The French resistance hero, Holocaust survivor and social activist's writing inspired millions around the world.

BP 'egregious' for drilling well

Posted: 27 Feb 2013 12:49 PM PST

BP is accused of disregarding evidence during drilling that the Macondo well was unstable, on the third day of a civil trial over the Gulf of Mexico oil spill.

The power of Mexico's 'Maestra'

Posted: 27 Feb 2013 11:54 AM PST

Mexico's most powerful woman faces her greatest challenge

Stocks Barrel Ahead on Wall Street

Posted: 27 Feb 2013 12:44 PM PST

Shares gained more than 1 percent after a second round of testimony in Congress by the Federal Reserve chairman.

Draghi Holds Governments to Task

Posted: 27 Feb 2013 01:21 PM PST

The ECB president said governments bear the responsibility for restoring sound finances, suggesting there will be no softening in the insistence that countries agree to politically unpopular measures to qualify for any ECB bond-buying aid.

Slovenia Ousts Premier in No-Confidence Vote

Posted: 27 Feb 2013 01:27 PM PST

Slovenia's prime minister became the latest casualty of European public anger at austerity measures and alleged government corruption, as the recession-hit nation's Parliament ousted him in a no-confidence vote.

Greek Ex-Mayor Gets Life Sentence

Posted: 27 Feb 2013 12:32 PM PST

A Greek court sentenced a former mayor to life in prison for embezzling millions of euros from the municipal budget of Greece's second-largest city.

Shell Suspends Drilling for Arctic Ocean in 2013

Posted: 27 Feb 2013 12:14 PM PST

The company said it will "pause" its exploration drilling in the Chukchi and Beaufort seas. Shell drilled top holes on two wells in the Beaufort and Chukchi in 2012 but encountered problems.

Sudan cuts off hand, foot of man convicted of robbery: activists

Posted: 27 Feb 2013 12:30 PM PST

KHARTOUM (Reuters) - Sudanese authorities cut off a hand and foot of a man convicted of armed robbery, rights groups said on Wednesday, the first such punishment under Islamic law in Sudan for almost 30 years.

Guinea security forces clash with protesters

Posted: 27 Feb 2013 01:27 PM PST

CONAKRY (Reuters) - Guinea's security forces fired teargas at thousands of rock-throwing anti-government protesters in the seaside capital Conakry on Wednesday in clashes that wounded more than 50 people, witnesses and other sources said.

Two Palestinians end hunger strike that fuelled protests

Posted: 27 Feb 2013 12:27 PM PST

RAMALLAH, West Bank (Reuters) - Two Palestinian prisoners whose hunger strike stoked clashes in the West Bank have ended their protest after Israel agreed to release them in May, a Palestinian official said on Wednesday.

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