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Yahoo

Business - RBS privatization prospects brighten after surprise profit


The government has already started selling off shares in its state-backed rival Lloyds Banking Group, but RBS`s privatization was considered by banking and political sources to be three to five years away despite drastic cost-cuts, asset sales and the shrinking of its investment bank. Britain pumped 45.5 billion pounds into the bank during the 2008/09 financial crisis, leaving the government with an 81 percent stake and taxpayers are still sitting on a paper loss of 11.7 billion pounds. RBS`s second-quarter numbers far exceeded analysts` expectations, prompting the bank to report a week early, and sent its shares soaring 13.5 percent to 373 pence at 1030GMT - on course for their biggest one-day gain since April 2009. Though some of those analysts may now alter their view on the bank, new Chief Executive Ross McEwan, who took over from Stephen Hester in October 2013, sounded a note of caution, pointing out that RBS is still dealing with significant problems from its past.


Friday, July 25, 2014  14:01

Yahoo

World - More than 15,000 Russian troops along Ukraine border: U.S. envoy


Russia has now amassed around 15,000 troops along the border with Ukraine, the U.S. ambassador to NATO said on Friday, offering a higher figure than one previously cited by the Pentagon. U.S. Ambassador to NATO Douglas Lute offered the estimate during a security forum in Colorado, saying there were `now up again over about 15,000 Russian troops amassed along the border with Ukraine.` (Reporting by Phil Stewart;


Friday, July 25, 2014  18:34

Yahoo

World - Kuwait urges UN chief to stop Israeli `aggression`


Kuwait called on UN Secretary General Ban Ki-moon on Monday to urge the international community to put an end to the Israeli `aggression` in Gaza which has claimed 508 lives. The call came in a meeting between Foreign Minister Sheikh Sabah Khaled Al-Sabah and Ban, who arrived in Kuwait on Monday, in the second leg of a regional tour aimed at pushing for a ceasefire in Gaza. The UN chief was separately received by Kuwait Emir Sheikh Sabah al-Ahmad Al-Sabah, the official KUNA news agency reported.


Monday, July 21, 2014  13:03

Yahoo

Business - Senate panel to consider `too big to fail` report


Senator Sherrod Brown of Ohio, a Democrat, and Senator David Vitter of Louisiana, a Republican, who serve on the Senate Banking Committee, asked the Government Accountability Office more than a year ago to determine whether banks that are deemed `too big to fail` are able to borrow more cheaply than smaller banks can. Brown leads the Subcommittee on Financial Institutions and Consumer Protection, which will take up the GAO report in a hearing on July 31. U.S. Treasury Secretary Jack Lew and other officials have said publicly that any benefit for big banks such as JPMorgan Chase & Co and Citigroup Inc has shrunk since the 2007-2009 financial crisis. During the crisis, many financial services companies, including insurer American International Group Inc., were bailed out.


Friday, July 25, 2014  00:28

USATODAY

Top Stories - 15 dead after blast hits U.N. school in Gaza


Hundreds of people were seeking shelter at a U.N. school when the compound was hit.


Friday, July 25, 2014  05:47

Yahoo

World - Shelling of Gaza school kills at least 15; toll nears 800


United Nations Secretary-General Ban Ki-moon expressed horror at the Thursday attack on the school at Beit Hanoun in the northern Gaza strip. I strongly condemn this act.` Ban later arrived at Cairo where he was expected to meet U.S. Secretary of State John Kerry, who has been working the telephones to try to broker a truce. Israel Defence Forces spokesman Lieutenant-Colonel Peter Lerner told Reuters TV: `It could be errant fire from the IDF or rockets landing from Gaza terrorists but we still don`t know, there`s still a question mark.` A spokesman for the U.N. Relief and Works Agency said it had tried in vain to arrange an evacuation of civilians from the school with the Israeli army, and noted reports of Hamas rockets falling in the area at the same time.


Friday, July 25, 2014  02:40

Yahoo

World - At least 15 killed by shelling of Gaza school; toll exceeds 760


United Nations Secretary-General Ban Ki-moon expressed his horror at the attack on the school at Beit Hanoun in the northern Gaza strip. I strongly condemn this act.` Ban later arrived to Cairo where he was expected to meet U.S. Secretary of State John Kerry, who has been working the telephones to try to broker an elusive truce. Israel Defense Forces (IDF) Lieutenant Colonel Peter Lerner said there was a chance the school had been hit by stray Hamas rockets. `It could be errant fire from the IDF or rockets landing from Gaza terrorists but we still don`t know, there`s still a question mark,` he told Reuters TV.


Thursday, July 24, 2014  23:34

USATODAY

Top Stories - `Day of Rage` leaves 5 dead in West Bank


The violence follows the shelling Thursday of a U.N. school, where at least 15 were killed.


Friday, July 25, 2014  18:08

BBC

Africa - VIDEO: Air Algerie crash - in 15 seconds


Amateur video emerges of the site in Mali where the Air Algerie AH5017 passenger jet crashed. Here is the story in 15 seconds.


Friday, July 25, 2014  18:08

Yahoo

World - Turkish high-speed rail opens between main cities


ANKARA, Turkey (AP) — Turkey inaugurated a high-speed rail service Friday linking Ankara to Istanbul which will cut travel time between the country`s main two cities by half. The launch suffered a mishap however, with a technical fault causing the train to stop for 15 minutes until it was repaired.


Friday, July 25, 2014  17:41

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