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U.S.: Jordan's Economic Reforms a 'Necessary Pain'

Tough economic reforms biting hard in Jordan, which have pushed up fuel prices and triggered protests, are "a necessary pain" to meet the nation's challenges, a top U.S. official said Friday.

U.S. Secretary of State Hillary Clinton, who is traveling in Asia, spoke this week with Jordan's King Abdullah and "commended the Jordanian government's efforts to address their economic challenges, and the king's commitment to reform," State Department spokeswoman Victoria Nuland said.

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U.S. House Passes Bill Normalizing Russian Trade

House Democrats and Republicans joined forces Friday in voting overwhelmingly to end Soviet-era trade restrictions while approving a measure that punishes Russian officials involved in human rights violations.

The vote to establish permanent normal trade relations with Russia has been a top priority of American businesses and farmers concerned that they are being left behind as Europe and China move into Russia's market of 140 million consumers.

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Greek PM to Seek Investors in Qatar, China, Russia

Greek Prime Minister Antonis Samaras will hold an investment trip to Qatar later this month and similar trips to China and Russia are planned at a later date, the state agency said on Friday.

"Samaras will travel to Qatar on November 27 and (his office) is planning journeys to China and Russia with the aim of attracting investors," the ANA agency said.

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Merkel, Putin Meet amid Tension over Rights Issues

Putin, Merkel Spar over Pussy Riot in Russia Talks

German Chancellor Angela Merkel on Friday clashed with Russian President Vladimir Putin over the jailing of feminist rock band Pussy Riot in a meeting aimed at soothing tensions over human rights.

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Markets Shaken by U.S. Budget Fears, Mideast Clashes

Markets remained under pressure Friday ahead of the start of budget discussions between President Barack Obama and congressional leaders and as investors fretted over a military escalation in Gaza.

Japanese stocks, however, enjoyed solid gains on hopes that elections next month may lead to more stimulus measures being enacted, in the latest attempt to get the stuttering economy moving.

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Greek PM to Seek Investors in Qatar, China, Russia

Greek Prime Minister Antonis Samaras will hold an investment trip to Qatar later this month and similar trips to China and Russia are planned at a later date, the state agency said on Friday.

"Samaras will travel to Qatar on November 27 and (his office) is planning journeys to China and Russia with the aim of attracting investors," the ANA agency said.

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Britain Could Lose £66 Bn on Bank Bailouts

Britain could lose the £66 billion ($105 billion, 82 billion euros) it spent on rescuing Royal Bank of Scotland and Lloyds Banking Group and made key errors over failed lender Northern Rock, lawmakers said on Friday.

The Public Accounts Committee -- a panel of British lawmakers -- issued the gloomy verdict in a eagerly-awaited report into the government's handling of Northern Rock, which has since been taken over by Richard Branson's Virgin Group.

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IMF Head Says Eurogroup Deal Key to Saving Greece

A crucial meeting of Eurozone finance ministers next week will be key to getting Greece "back on its feet", IMF chief Christine Lagarde said Friday, as she cut short her visit to Asia to attend the talks.

The International Monetary Fund managing director told a news conference in Manila that the Eurogroup's focus was getting the debt-wracked country on a "sustainable" path as soon as possible.

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IMF-Egypt Aid Talks Making Progress

The International Monetary Fund's extension of talks with Egyptian authorities is a sign of progress on Egypt's loan request, an IMF spokesman said Thursday.

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BP to Pay Record $4.5 Bn Fine over U.S. Oil Spill

BP agreed Thursday to pay a record $4.5 billion in U.S. fines for the 2010 Gulf of Mexico oil spill and will plead guilty to obstruction and criminal negligence in the deaths of 11 workers.

The company's reputation was ravaged after an April 20, 2010 explosion on the BP-leased Deepwater Horizon rig killed 11 workers and unleashed the biggest marine oil spill in the industry's history.

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