Ecuador's Correa says Congress should be dissolved

(Reuters) - Since he took office in January, Correa has maneuvered to
control Congress, but lawmakers have watered down or rejected
some of the government's key legislation.




"Given the quality of this Congress ... I think the
assembly will have to dissolve it," Correa said during his
weekly radio broadcast. "With this kind of Congress you can't
do anything."


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Fed meeting, subprime jitters on tap

(Reuters) - Stocks closed out their worst week in more than three months on fears that trouble at two Bear Stearns hedge funds may signal bigger problems ahead for credit markets.




Whether investors worry through the weekend and remain in a selling mood on Monday remains to be seen after the main stock indexes all fell by more than 1 percent Friday.


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UPDATE 1-London Stock Exchange to buy Borsa Italiana

(Reuters) - The pair said they planned to become "the world's capital
market" and that together they accounted for 48 percent of the
FTSE Eurofirst 100 index of companies by market value.




They would also be Europe's leading market for electronic
trading of Exchange Traded Funds and securitized derivatives,
and Europe's leading fixed income market thanks to Borsa's
interest in the MTS platform.


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US tries to see positives in trade talks collapse

(Reuters) - The Bush administration is billing the collapse of world trade talks this week as good news for its drive to renew negotiating powers in Congress, but it is not clear that U.S. lawmakers will see things that way.

"By walking away from a bad deal, we are once again able to show the Congress that we can be trusted," U.S. Trade Representative Susan Schwab said on Thursday after U.S., European, Brazilian, and Indian negotiators abandoned talks in the troubled Doha round of trade negotiations.


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