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Wednesday, May 1, 2013

Morning Digest: No end in sight for Fed stimulus as inflation sags

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05/1/2013
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No end in sight for Fed stimulus as inflation sags
WASHINGTON (Reuters) - The Federal Reserve's debate over U.S. monetary policy could begin to shift away from the prospect of reducing stimulus toward a discussion about doing more, given the signs of economic weakness and slowing inflation..
Tsarnaev homeland Chechnya: rebuilt from war, ruled by fear
GROZNY, Russia (Reuters) - When it was last in the international spotlight, Chechnya was in ruins, its capital Grozny reduced to dust by the deadliest artillery and air onslaught in Europe since World War Two..
Dollar slides ahead of Fed, China data hit oil
LONDON (Reuters) - The dollar edged to a two-month low on Wednesday as investors awaited the outcome of the U.S. Federal Reserve's policy meeting later and brighter-than-expected UK manufacturing data pushed sterling to a 2-1/2 month high..
Korean rapper Psy's story immortalized in comic book
(Reuters) - The story of South Korean rap sensation Psy's ascent to global stardom with his megahit "Gangnam Style" has now been immortalized in full color and with appropriate dramatic flourishes in a comic book..
Slumping Clippers seeking solutions as Griffin hobbles out
LOS ANGELES (Reuters) - The Los Angeles Clippers are sweating on the fitness of All-Star forward Blake Griffin, who aggravated an ankle injury during a first-round playoff loss to Memphis on Tuesday that leaves the team on the brink of elimination..
Apple bond order book tops $50 billion: market sources
NEW YORK, April 30 (IFR) - Apple Inc has attracted more than $50 billion in orders for its six-part debt sale expected to price later on Tuesday, according to two market sources..
Virgin's passenger spaceship completes first rocket test flight
(Reuters) - A six-passenger spaceship owned by an offshoot of Virgin Group fired its rocket engine in flight for the first time on Monday, a key step toward the start of commercial service in about a year, Virgin owner Richard Branson said..
Chechen linesman gets life ban, $16,200 fine for assault
MOSCOW (Reuters) - The Russian FA (RFU) upheld a life ban for Chechen linesman Musa Kadyrov on Tuesday and fined him $16,200 for assaulting a player in a league match..
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