Word: tuesday
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...wane, the bank's impairment charges for soured loans tripled, to $1 billion in the first half of this year vs. the same period in 2008. Just as worrying: a shade under 4% of its home loans were more than three months in arrears, the company said Tuesday. (The average across Britain's banks is 2.4%.) Plans to split the bank into its "good" and "bad" halves - savers' deposits and new lending in the former, existing loans in the latter, as a prelude to reprivatization - still await the E.U.'s stamp of approval. (Watch an interview with British PM Gordon...
...Securities & Exchange Commission (SEC), concerned about the exponential growth of hyper-frequency trading, announced on Tuesday, Aug. 4, that it was considering a ban on one form of this activity, known as flash trading. But it has said nothing about an even bigger element of high-frequency trading, known as co-location, even as the New York Stock Exchange (NYSE) is building two new facilities to house such traders...
...Bill Clinton's lighting visit to Pyongyang - he landed Tuesday morning, Aug. 4, in the North Korean capital after flying in overnight from Anchorage - has done the trick. Shortly after he was photographed with North Korea's dynastic leader Kim Jong Il, wire services reported that Pyongyang had pardoned Lee and Ling, a necessary step in their release. And just before 7:30 p.m. eastern time, Clinton's spokesman sent out this statement: "President Clinton has safely left North Korea with Laura Ling and Euna Lee. They are en route to Los Angeles where Laura and Euna will be reunited...
...former President's first high-profile assignment for the Obama Administration, and few observers expected that such a high-ranking envoy would leave without securing their freedom. "A former President is not going to show up in Pyongyang only to get stiffed," said a Western diplomat on Tuesday. "There had to have been assurances that this was the endgame" for the two women prisoners, who were arrested on March 17 along the border in northeast China while filming a report about North Korean refugees. They were subsequently convicted of illegal entry and unspecified "hostile acts" against North Korea and sentenced...
President Barack Obama's Middle East peace plan faces a key hurdle on Tuesday, when Palestinian Authority President Mahmoud Abbas convenes the first conference in two decades of his Fatah movement. The conference, to be held in the West Bank city of Bethlehem under heavy Palestinian Authority security, is seen as critical to restoring Abbas' waning political legitimacy and authority. But early signs suggest that the conference will, if anything, weaken the Palestinian leader's ability to follow Washington's script...