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News of the 08/19/2008

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Dollar rises vs Swiss franc in late trading
Analysis: Deficit spending is tough medicine
Russia, Ukraine take gas row case to Europe
    

U.S. to urge NATO to scale back Russia ties

  
The United States will urge NATO allies on Tuesday to consider scaling back ties with Moscow to put pressure on Russia to respect a peace deal on Georgia.
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UN Security Council consults on Russia, Georgia

  
The U.N. Security Council is holding emergency consultations on the conflict between Russia and Georgia. France has been trying to resolve the crisis with a six-point plan for ending hostilities.
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Demand for UK rental homes grows

  
Demand for rental homes in Britain grew in the second quarter at the fastest rate in at least a decade as falling property prices and disappearing mortgage deals deterred potential home buyers, the Royal Institution of Chartered Surveyors said Tuesday.
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Dollar slips against Swiss franc

  
The dollar slipped against the Swiss francs late Monday night in New York. The U.S. currency was worth 1.0974 Swiss francs, just below the 1.0978 francs it bought in the late afternoon.
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Official: Georgia-Russia prisoner exchange begins

  
The head of Georgia's national security council says his country and Russia have begun a prisoner exchange.
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Norway orders 50 trains from Swiss for $740M

  
Norwegian state railroad NSB on Tuesday announced an order for 50 new trains from Swiss company Stadler Bussnang AG worth $740 million.
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Most Russians support invasion of Georgia

  
While Western officials are mulling how to punish Russia for invading neighboring Georgia, most Russians view Georgia as the aggressor -- aided and abetted by a hostile West.
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Venezuela: OPEC output cut might be in order

  
Venezuela says it's prepared to propose an oil production cut at the next OPEC meeting if crude prices decline further.
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Poland to offer asylum, money to Iraqis

  
Poland's prime minister says his country will offer asylum or a $40,000 payment to any Iraqi working for its military or police in Iraq.
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Clooney, Pitt, Coens join Toronto festival lineup

  
Movies featuring Brad Pitt, George Clooney, Kate Beckinsale, Edward Norton and Colin Farrell and a documentary about Paris Hilton have joined the lineup for the Toronto International Film Festival.
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