Bloomberg:
- Iran said its is ready to hold “serious negotiations” on its nuclear program, a day after the supreme leader, Ayatollah Ali Khamenei, vowed he wouldn’t bow to UN demands to curtail the possible military effort.
- The euro dropped the most in a month against the dollar after investor confidence in Germany, Europe’s biggest economy, fell to the lowest since 2001.
- Fed Bank of Chicago President Moskow said the central bank may need to resume raising interest rates to reduce inflation and ensure that expectations for higher prices don’t rise.
- A tropical depression that emerged yesterday off the western coast of Africa may become Tropical Storm Debby as early as today.
- Long-time Democratic Connecticut Senator Joe Lieberman, who’s running for re-election as an independent, is in a statistical tie with anti-war Democratic primary winner Ned Lamont, according to a poll taken by the American Research Group.
Wall Street Journal:
- Sylvester Stallone and fellow actor John Cusack are being sued by the federal trustee overseeing collapsed hedge fund Lipper Convertibles LP.
- Citigroup(C) is cutting its credit card reward program as card purchases become more and more an everyday activity.
- More fuel-efficient, cleaner vehicles using laboratory guidelines set by the Environmental Protection Agency are about to appear on US roads.
NY Times:
- Felix Rohatyn, a former Lazard LLC banker who helped save NYC from bankruptcy in the 1970s, will join Lehman Bros.(LEH) as a senior adviser to Chairman and CEO Richard Fuld.
- US and European authorities are seeking expanded access into airline and passenger records to help weed out terror suspects.
NY Post:
- The NYMEX, the world’s largest energy market, plans to cut as many as one fourth of its employees before an IPO.
Financial Times:
- Middle-eastern companies selling equities raised almost $15 billion in the last year, a 400% increase over the year earlier.
al-Hayat:
- A group of Egyptian companies won a $722 million contract to develop oil fields in an offshore buffer zone between Kuwait and Saudi Arabia, citing Egyptian Oil Minister Sameh Fahmy.
AFP:
- Ousted Iraqi dictator Saddam Hussein ordered his forces to kill civilians and exterminate Kurds in northern Iraq, the first witness at his genocide trial testified today.
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