Markets Slide As Republican Rift Adds To US Default Fears -- The Telegraph
Global markets continued to slide as US Republican leaders scrambled to rescue a plan to cut the budget defict on Friday after rebel conservatives refused to back it, increasing uncertainty that a damaging debt default can be avoided.
Europe followed Asian markets lower and Wall Street was set to open down. The FTSE 100 fell 56 points - or 1pc - to 5,815.90, while France's CAC-40 shed 1pc and Germany's DAX lost 0.9pc.
"We're basically standing on the edge of an abyss peaking over, with the bottom nowhere to be seen," said IG Markets strategist Ben Potter in a report.
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MIDDLE EAST
Syrian revolt still spontaneous and leaderless. Tens of thousands rally in Syria; troops open fire.
40 dead in clash between Yemen army and tribes.
U.S. still open to Iraqi request for military presence after 2011.
US military officials in Iraq warn of growing Iranian threat.
Report: Shot Iranian said to be nuke expert.
ASIA
Talks on long-term Afghan-U.S. partnership stalled.
18 civilians killed in Helmand bomb: Afghan police.
Pakistan: Up to 100,000 flee Kurram offensive.
South Korean envoy downbeat on nuclear talks.
US bases hit hard as S. Korea flooding wreaks havoc.
AFRICA
Libyan rebels battle to regain the upper hand. Fear, confusion among Libya’s rebels after murky killing of military chief.
AU forces gain ground against Somali militants.
Eritrea bankrolls rebels who block Somali aid, claims UN.
Tens of thousands rally for unity in Egypt.
South Sudan admitted to African Union as 54th member.
EUROPE
Spain prime minister calls early election for 20 November. Spain's PM calls early elections in November.
NATO takes charge of Kosovo border crossings.
Norway attacks: Memorial services for victims held.
Poland: Russians made mistakes in 2010 plane crash.
AMERICAS
Analysis: Return of Guatemalan military looms as left falters.
Mexico: Worse than wartime Baghdad. Study: Mexico homicides rose 23 percent in 2010.
Teen killer's light sentence dismays a violence-weary Mexico.
Rural US disappearing? Population share hits low.
TERRORISM/THE LONG WAR
'I wanted to get even': Muslim U.S. soldier arrested over 'plot to bomb Fort Hood' refused Afghan service.
Ex-Counterterrorism aide warns against complacency on Al Qaeda.
Al Qaeda still likely to use WMD: Former officials.
ECONOMY/FINANCE/BUSINESS
Ugly choices await US Treasury if debt deal isn't reached.
U.S. economy growing at slowest pace since recession.
Apple now has more cash than the U.S. government.
Meet the countries in the Triple-A debt club.
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