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Thursday, May 23, 2013

Morning Digest: Exclusive :China urbanization plan hits roadblock over spending fears-sources

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05/23/2013
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Exclusive :China urbanization plan hits roadblock over spending fears-sources
BEIJING (Reuters) - China's plan to spend $6.5 trillion on urbanization to bolster the economy is running into snags, sources close to the government said, as top leaders fear another spending binge could push up local debt levels and inflate a property bubble..
British Prime Minister seeks answers after soldier hacked to death
LONDON (Reuters) - Prime Minister David Cameron convened an emergency meeting of his intelligence chiefs on Thursday after two Islamists hacked a soldier to death with meat cleavers on a south London street..
Global shares sink on U.S. stimulus pullback, Chinese growth fears
LONDON (Reuters) - Share markets fell sharply on Thursday as investors piled back into safer assets, unnerved by the twin setbacks of unexpected weakness in China's economy and signals that the U.S. central bank may soon scale back its stimulus program..
Oklahoma country singer plans benefit for tornado victims
LOS ANGELES (Reuters) - Oklahoma country singer Blake Shelton is planning a televised benefit to raise money for victims of the massive tornado that swept through Moore, Oklahoma, this week, music magazine Billboard reported Wednesday..
James saves Miami in last-gasp win over Indiana
MIAMI (Reuters) - LeBron James scored the game-winning points in the dying embers of overtime as the Miami Heat held off a determined Indiana Pacers 103-102 in a thrilling Eastern Conference Finals opener on Wednesday..
British opposition leader says Google tax behavior 'wrong'
LONDON (Reuters) - Google Inc's tax affairs came under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accused the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax..
U.S. industry touts 'drone' promise as public debate flares
WASHINGTON (Reuters) - Public backlash against deadly overseas drone strikes may undermine promising uses of such technology for anything from disaster response to mail delivery, a top U.S. industry group said as it launched a lobbying effort to "demystify" unmanned planes..
College student snares record long Burmese python near Miami
ORLANDO, Florida (Reuters) - An 18-foot, 8-inch Burmese python set a record for the longest snake ever captured in South Florida, where the exotic species has taken up residence..
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