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China and Japan hail U.S. mortgage rescue as doubts linger
TOKYO/BASEL (Reuters) - China and Japan, the biggest buyers of Freddie Mac and Fannie Mae bonds, praised Washington for its rescue of the ailing mortgage giants, but investors had no illusions the bailout would end the global credit market misery.

Hurricane Ike weakens to Category 2 over Cuba
HAVANA (Reuters) - Hurricane Ike weakened into a Category 2 storm on Monday after roaring ashore in northeastern Cuba, but forecasters say it could regain intensity as it spins toward the U.S. oil hub in the Gulf of Mexico and possibly New Orleans.

U.S. drones kill 13 in missile attack in Pakistan
MIRANSHAH, Pakistan (Reuters) - Missiles fired by U.S. drones killed 13 people, including 7 foreign militants, on Monday in a Pakistani village where a religious school founded by an old friend of Osama bin Laden is located, intelligence officials and witnesses said.


 

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