Italy short-term debt costs halve at auction | December 28, 2011 08:15 AM ET | MILAN (Reuters) - Italy's short-term debt costs halved at auction Wednesday as a new package of budget austerity and an injection of cheap long-term money from the European Central Bank won Rome some respite in thin year-end markets. | Full Article | | | US TOP NEWS | Snow and tears mark funeral for North Korean leader | December 28, 2011 06:59 AM ET | SEOUL (Reuters) - The world watched anxiously on Wednesday as North Korea staged a huge funeral in the capital, Pyongyang, for former leader Kim Jong-il, searching for signs of what to expect from the isolated nation that may be close to attaining nuclear weapons capacity. | Full Article | Obama taps economist, banker as Fed governors | December 27, 2011 07:43 PM ET | HONOLULU/WASHINGTON (Reuters) - President Barack Obama will nominate Harvard economist Jeremy Stein and Jerome Powell, an investment banker and former Treasury official, to the two empty seats on the Federal Reserve's policy-setting board of governors. | Full Article | Iran navy chief says closing Gulf "really easy" | December 28, 2011 08:22 AM ET | TEHRAN (Reuters) - Closing off the Gulf to oil tankers will be "easier than drinking a glass of water" for Iran if the Islamic state deems it necessary, state television reported on Wednesday, ratcheting up fears over the world's most important oil chokepoint. | Full Article | | | HEALTH NEWS | | | | RELATED VIDEO | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | » MORE NEWSLETTERS | | ODDLY ENOUGH | | | |
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