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Top World News

Obama says he's made his veep choice (AP)

Democratic presidential candidate US Senator Barack Obama speaks during a discussion on economy at John Tyler Community College in Chester, Virginia. Nigeria's anti-graft agency said Thursday it has opened an inquiry into the organisation by the head of the stock exchange of a fundraising dinner linked to Obama.(AFP/Emmanuel Dunand)AP - Barack Obama said Thursday he's chosen his running mate, but coyly kept all the details to himself as he campaigned with one leading contender and planned a major rally to present the Democratic ticket Saturday in Illinois.


Obama raps McCain for losing count of seven homes (AP)

In this Feb. 5, 2008 file photo, Republican presidential hopeful Sen. John McCain, R-Ariz., watches Super Tuesday election returns from the kitchen area of his home in Phoenix, Ariz. Days after he cracked that being rich in the U.S. meant earning at least $5 million a year, McCain acknowledged that he wasn't sure how many houses he and his wealthy wife actually own. (AP Photo/Stephan Savoia)AP - John McCain may have created his own housing crisis. Hours after a report that the Republican presidential nominee-in-waiting didn't know how many homes he and his multimillionaire wife own, Democratic rival Barack Obama launched a national TV ad and a series of campaign stops aimed at portraying McCain as wealthy and out of touch.


 

Business News

Markets await Bernanke as central bankers gather (Reuters)

Chairman of the Federal Reserve Ben Bernanke testifies before the U.S. House Financial Services Committee on Capitol Hill in Washington July 16, 2008. (Larry Downing/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke tackles financial stability in a key speech on Friday but economists doubt he will provide solid clues about future policy action to calm the credit crunch.


Fannie and Freddie debt gains, deep share dive abates (Reuters)

A home that has been foreclosed and repossessed by the bank up for sale in Burbank, California, July 20, 2008. (Fred Prouser/Reuters)Reuters - Investors' growing belief in the likelihood of a federal bailout of home-funding giants Fannie Mae and Freddie Mac triggered a rally in the debt prices of the two companies on Thursday while a steep fall in their shares prices abated.