The failure of the first round of Syrian peace talks to achieve even their most modest goal -- allowing humanitarian access to the city of Homs -- threatens to derail the effort to end the country’s civil war.
Australian Prime Minister Julia Gillard speaks at the Japan National Press Club. Isuzu and Volkswagen are reportedly in talks on truck engines that may result in the companies taking stakes in each other.
The U.S. Senate will vote in the coming week on a bipartisan committee’s $1.01 trillion budget agreement following its approval by the House. The proposal doesn’t touch Democrat-favored entitlement programs or corporate-tax breaks that Republicans want to protect.
Republican presidential candidate Herman Cain, first saying he was unaware of any financial settlement of sexual harassment claims against him, later allowed that the restaurant association he ran during the 1990s paid a woman “maybe three months’ salary” after she complained about his behavior toward her.
European government bonds rallied, pushing Germany’s 30-year yields to the lowest since August, as slowing euro-area inflation boosted speculation the European Central Bank will take more measures to stimulate the economy.