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While U Slept: Big 5 Overnight News. Tuesday September 28, 2010

September 28, 2010

US ENVOY RUSHES TO MEND MID EAST PEACE TALKS After Israel’s announcement to continue building West Bank settlements irked Palestinians, a special US envoy heads to the region in an attempt to salvage ongoing peace talks. (AP)

MEDVEDEV FIRES MOSCOW MAYOR After 18 years as mayor of Moscow, Yury Luzhkov is fired by Russian president Dmitry Medvedev, presumably opening the door for one of the President’s own allies to assume the post. (BusinessWeek)

ISRAELI NAVY SEIZES JEWISH BOAT HEADED FOR GAZA The Israeli navy intercepts a Jewish aid boat headed for Gaza and forces it to change course. (AFP)

ASIAN STOCKS CLOSE LOWER, CHINESE PROPERTY DEVELOPERS SLIDE
Asian markets close lower, with Chinese property developers skeptical that Beijing may implement new policies to temper the housing market. (WSJ)

AUSTRALIA’S PARLIAMENT SWORN IN Australia’s new parliament is sworn in, giving Prime Minister Julian Gilliard the slimmest of parliamentary majorities. (AFP)

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