AP - European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.

Reuters - Wall Street was poised for a lower open on Tuesday after reports on the European banking system sparked fresh concerns about the financial stability of the region.

AFP - HSBC chairman Stephen Green is quitting to become a government trade minister, the bank and Downing Street announced on Tuesday.

AP - An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East, his wife said Monday.

AP - The top U.S. and NATO commander in Afghanistan warned Tuesday an American church's threat to burn copies of the Muslim holy book could endanger U.S. troops in the country and Americans worldwide.

AP - North Korea freed the crew Tuesday of a South Korean fishing boat seized a month ago, a sign the rivals may be talking behind the scenes to improve relations that have plummeted to their lowest point in years since the deadly sinking of a South Korean warship.

AP - The European Union agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.

AP - Today, it's a sprawl of luxury vacation homes where Egypt's wealthy play on the white beaches of the Mediterranean coast. But 2,000 years ago, this was a thriving Greco-Roman port city, boasting villas of merchants grown rich on the wheat and olive trade.

AFP - World oil prices fell on Tuesday as the market reacted to the end of the peak demand season coming at a time when supplies are high, analysts said.

Reuters - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC was expected to say its chairman is going into government.

AFP - Australian Prime Minister Julia Gillard retained power by a tiny, one-seat majority Tuesday after winning the backing of two key independent MPs in the first hung parliament in decades.

AFP - The six members of the Gulf Cooperation Council have postponed the implementation on Tuesday of a customs union due to disagreement over sharing tariff revenues and problems meeting World Trade Organisation rules, officials said.

AP - The influx of foreign aid after the 2005 Kashmir earthquake significantly increased survivors' trust in the West, according to new research that also suggests hard-line Islamist charities did little to help despite the publicity they generated.

AP - Strikes hobbled public transit across France and in London on Tuesday, with tourists and commuters bearing the brunt of a wave of discontent over government austerity measures.

Reuters - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.

AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.