WASHINGTON (Thomson Financial) - International debt relief should not be a priority in promoting growth and poverty reduction in developing countries, Treasury Assistant Secretary for International Affairs Clay Lowery said today.

As Oprah’s Big Give wrapped up its first season on ABC Sunday night, the big winner was Stephen Paletta, a technology entrepreneur from New York, whom the judges felt best negotiated the obstacles to effective philanthropy that they had put in his way.

Let's consider the simple heart of what credit derivatives are all about. A major investor has the opportunity to make an attractive-looking investment that involves taking a risk.

SYDNEY, June 30 (Reuters) - Australian investment firm Babcock & Brown Ltd BNB.AX, hit by worries over high debt earlier this month, won a reprieve from its lenders, sending its shares up as much as 17 percent on Monday.

It is a cause for celebration that two of the Washington area's most successful companies -- Carlyle Group and Booz Allen Hamilton -- have decided to join forces.