Dollar climbs on positive US jobs data

WASHINGTON: The dollar headed higher against the euro Friday, helped by surprise numbers in the November US jobs report, though the details still painted a less buoyant picture than the headline numbers.At 2200 GMT, the euro was trading at $1.2928, compared to $1.2969 Thursday.The US Labour Department reported the unemployment rate fell to 7.7 per cent in November, instead of a rise to...

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India misguided, paranoid over China: Guha

MUMBAI: A good half-hour into the discussion on 'India, China and the World', historian Ramachandra Guha issued a disclaimer—all the three members on the panel had been to China only once. "We should learn their language, promote quality research, and have a panel on China driven by Chinese scholars," he said. And that was the general tenor of the debate—that the Indian attitude to China was influenced...

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Baby Gabriel's Mother Sentenced to Prison

Elizabeth Johnson -- who at one point admitted to killing her son, the missing infant Gabriel Johnson, before saying she gave him away -- told a judge she "deserved the maximum" sentence, before receiving a prison term of 5.25 years, half of the max.In October, Johnson, 26, was found guilty of custodial interference and unlawful imprisonment stemming from the disappearance of...

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Celebrations planned as Wash. legalizes marijuana

SEATTLE (AP) — Legal marijuana possession becomes a reality under Washington state law on Thursday, and some people planned to celebrate the new law by breaking it.Voters in Washington and Colorado last month made those the first states to decriminalize and regulate the recreational use of marijuana. Washington's law takes effect Thursday and allows adults to have up to an ounce of pot — but it bans...

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Egypt demonstrators reject Mursi call for dialogue

CAIRO (Reuters) - Demonstrators rejected a call from Egypt's Islamist President Mohamed Mursi for a national dialogue after deadly clashes around his palace, demanding the "downfall of the regime" - the chant that brought down Hosni Mubarak. Mursi said in a televised speech late on Thursday that plans were on track for a referendum on a new constitution on December 15 despite clashes...

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ECB forecast, rate hints send euro lower

NEW YORK: The euro only barely rebounded against the dollar in late trade Thursday, after plunging on the European Central Bank's sharp cut in its eurozone growth forecast for next year.The euro lost more than one cent after the ECB forecast that the euro area economy will shrink by 0.3 percent in 2013, instead of growing by 0.5 percent as previously estimated.Also pressing it lower were...

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Kashmir clashes spike hotel bookings in HP

SHIMLA: Fallout of recent sectarian clashes in Srinagar has spiked year-ender booking at hotels across the state, even as the tourism department has planned out Masroor cultural festival in Kangra to coincide with the festive week.Talking to newspersons, Sudripta Roy, chief secretary said, "There has been a sudden increase in tourist bookings for the last week of this year and the first week of...

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Bodies Believed to Be Missing Iowa Cousins

Authorities believe two bodies found by hunters in Iowa this week are Lyric Cook and Elizabeth Collins, two young cousins who vanished in July."At this time, law enforcement is confident, based upon evidence at the scene and preliminary investigation, that the bodies are those of Lyric Cook and Elizabeth Collins," Capt. Rick Abben, chief deputy of the Black Hawk County Sheriff's...

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Celebrations planned as Wash. legalizes marijuana

SEATTLE (AP) — Legal marijuana possession becomes a reality under Washington state law on Thursday, and some people planned to celebrate the new law by breaking it.Voters in Washington and Colorado last month made those the first states to decriminalize and regulate the recreational use of marijuana. Washington's law takes effect Thursday and allows adults to have up to an ounce of pot — but it bans...

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Rivals clash as Mursi deputy seeks end to Egypt crisis

CAIRO (Reuters) - Islamists battled with protesters outside Egyptian President Mohamed Mursi's palace on Thursday, after his vice president suggested amendments could be agreed to the draft constitution that has divided the nation. Fires burned in the streets near the palace perimeter where opponents and supporters of Mursi threw stones and petrol bombs. Riot police tried to separate...

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