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- Singapore keeps growth forecast amid eurozone woes
 Singapore on Thursday stuck to its economic growth projections of 1.0-3.0 percent for 2012 but warned there was a chance of a "disorderly sovereign debt default" in the eurozone that could hit exports.
- Insight: Swing states: Could Europe decide the U.S. election?
 NAVARRE, Ohio/WASHINGTON (Reuters) - The busy shop floor at Miller Weldmaster Corp could make a great location for an Obama campaign ad. As workers assemble the family-owned company's hot-air fabric welders, used to manufacture everything from inflatable rafts to truck tarps, it's hard to know the recession of 2007-2009 ever happened. Ten clocks on the wall of the plant in Navarre, Ohio, show local time from Norway to New Zealand and tell Miller Weldmaster's comeback story in a word: exports. Sixty percent of the company's business now comes from outside the United States. ...
- ECB move on Greek banks hits euro confidence
 FRANKFURT/ATHENS (Reuters) - The European Central Bank has stopped offering liquidity to some Greek banks it does not consider solvent, and international concern about the euro zone rose as Athens called new elections that look set to be won by parties opposing austerity measures. Fears that Athens is on the brink of crashing out of the euro zone and igniting a renewed financial crisis have rattled global markets and alarmed world leaders, with Greece set to figure high on the agenda at a G8 summit later this week. ...
- Copper rises after four-day slide, fragile gains
SINGAPORE (Reuters) - London copper edged higher for the first time in five sessions on Thursday with a firmer euro aiding its bounce from four-month lows in the previous session amid a deepening debt crisis in Europe exacerbated by political instability in Greece. The modest gains in copper suggests many investors are wary of bidding up prices aggressively given the contagion potential of a euro zone without Greece, a slowdown in top copper consumer China and the fragile state of the U.S. economy. FUNDAMENTALS * Three-month copper on the London Metal Exchange gained 0. ...
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- Pre-match glow
 Munich's football stadium is illuminated with the colours of the UEFA Champions League in Munich, southern Germany.
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- Afghanistan mulls Islamic bonds, fearing Western cash cutback
KABUL (Reuters) - Afghanistan, which has only a semblance of a capital market, intends to sell Islamic bonds as it braces for a possible sharp fall in Western financial support as the war against the Taliban winds down, a senior central bank official said this week. The official said the sale of short-term Islamic bonds, also known as sukuk, is still in the planning stage, but could be a new way of raising money for the government. ...
- Venezuelan-born academic named president of MIT
 CAMBRIDGE, Massachusetts (Reuters) - The Massachusetts Institute of Technology on Wednesday named Rafael Reif, an electrical engineer born in Venezuela who has been the university's provost since 2005, as its 17th president. Reif, 61, replaces Susan Hockfield, the first female president of MIT, who announced in mid-February that she was stepping down after almost eight years leading one of the most prestigious universities in the United States. Reif will take up his post at the Cambridge, Massachusetts, university on July 2, the first MIT president not to be a native English speaker. ...
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- Limbless Frenchman begins epic world swim
 A limbless Frenchman planning to make four challenging swims around the world finally got his epic journey under way Thursday after sorting out paperwork problems in Papua New Guinea.
- Hosting Cannes
 French actress Berenice Bejo arrives on stage to host the opening ceremony of the 65th Cannes film festival in Cannes.
- Guarding Roland-Garros
 A Harris hawk, Tara, used to scare pigeons with eight other hawks, keeps watch at the Roland-Garros tennis stadium in Paris, six days ahead of the start of the French Open tennis event held from May 22 to June 10.
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- Senate expected to confirm two Fed nominees
WASHINGTON (Reuters) - The Senate has removed procedural hurdles ahead of the anticipated confirmation on Thursday of President Barack Obama's two stalled nominees to the Federal Reserve Board. A Democratic congressional aide said the Senate would now hold separate votes on Harvard economist Jeremy Stein and investment banker Jerome Powell, who is also a lawyer. Both are expected to receive the necessary support of 60 senators for confirmation, bringing the seven-member board of the U.S. central bank to full strength for the first time since 2006. ...
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- Recession hits EU states in the east, outlook grim
PRAGUE (Reuters) - The Czech Republic's economy shrank for the third consecutive quarter and Romania fell back into recession in the first three months of the year, as the euro crisis and government austerity hammered domestic demand and squeezed the crucial export sector. Flash gross domestic product estimates for the European Union's emerging eastern states also showed Hungary had contracted for the first time since the height of the global economic crisis in 2009. ...
- $17M deal in duck boat crash suit involving Norcross company
The operators of Ride the Ducks in Norcross, Ga., and K-Sea Transportation of East Brunswick, New Jersey reached a settlement late Wednesday to pay $15 million to the families of two Hungarian students killed in an accident on the Delaware River in 2010, reports CNN.
Another $2 million must be paid by the companies to nearly 20 other victims in the accident, CNN reported.
A non-jury trial in the case started Monday in a Philadelphia federal court. On Tuesday, the judge halted proceedings and told...
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- Senate expected to confirm two Fed nominees
WASHINGTON (Reuters) - The Senate has removed procedural hurdles ahead of the anticipated confirmation on Thursday of President Barack Obama's two stalled nominees to the Federal Reserve Board. A Democratic congressional aide said the Senate would now hold separate votes on Harvard economist Jeremy Stein and investment banker Jerome Powell, who is also a lawyer. Both are expected to receive the necessary support of 60 senators for confirmation, bringing the seven-member board of the U.S. central bank to full strength for the first time since 2006. ...
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- US-Poland Business Council Announces Support for JOLT Act
Bipartisan Bill from Reps. Chabot, Heck, Quigley Would Create US Jobs and Strengthen Bilateral RelationshipWashington, DC (PRWEB) May 16, 2012 The US-Poland Business Council announced its support for the Jobs Originating Through Launching (JOLT) Act, introduced by Congressmen Steve Chabot (R-OH), Joe Heck (R-NV) and Mike Quigley (D-IL) in the U.S. House of Representatives today. ...
- Greenberg Traurig snags Dewey & LeBoeuf's Poland office
Greenberg Traurig has acquired more than 50 attorneys from New York-based Dewey & LeBoeuf to open a new office in Warsaw, Poland.
The acquisition follows months of speculation that Greenberg Traurig might merge with financially troubled Dewey & LeBoeuf. The firms reportedly abandoned merger talks several weeks ago while Greenberg Traurig eyed key personnel and important offices.
The office is Greenberg Traurig’s 35th worldwide. The Warsaw office will be Greenberg Traurig’s first in Eastern...
- Ukraine puts off Tymoshenko appeal hearings
 KIEV (Reuters) - A Ukrainian court delayed hearings on Tuesday into former prime minister Yulia Tymoshenko's appeal against last year's abuse-of-office conviction, a verdict seen by many Western nations as politically motivated. The European Union has condemned the former Soviet republic's ruling and Tymoshenko's seven-year prison sentence, urging her release and shelving landmark association and free trade deals with Ukraine over the issue. European leaders are also mulling a political boycott of the European football championship which Ukraine will host in June and July together with Poland. ...
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- New US-Russian Crew Arrives at Space Station
 An American astronaut and two Russian cosmonauts arrived at the International Space Station early Thursday (May 17), kicking off a four-month stay aboard the orbiting laboratory.
- Off the platform
 Russia Yulia Koltunova competes in the women's 10m platform diving final of the 31st LEN European Swimming Championships, in Eindhoven.
- Just passing through
 A woman looks at an elk standing on a lawn at a residential area in eastern Moscow. An elk family of bull, cow and calf wandered today into a residential area in the eastern part of the Russian capital, close to Losiny Ostrov (Elk Island) National Park, Russian media reported.
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Relatives of two Hungarian citizens killed in a tourist boating accident in Pennsylvania will split $15 million under a settlement in Philadelphia federal court.
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