You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

World

  • Latest suicide attack in Afghanistan kills 3
      KABUL, Afghanistan – Officials say that a suicide bomber has killed three army officers and wounded seven others in Kabul, a day after two such attacks killed 11.
  • Iraqi Kurds fight Islamic State with aged weapons
      MAHMOUDIYAH, Iraq – The exhausted Kurdish fighters leaned against a pair of antiquated green cannons on a hill overlooking this northern Iraqi village, the ground around them littered with shrapnel from fierce battles with
  • Mexico: Alleged drug boss Beltran Leyva captured
      MEXICO CITY – Hector Beltran Leyva, the purported head of a feared drug gang allegedly run by his family, became the fourth brother to fall when soldiers grabbed him while dining at a seafood restaurant.
Advertisement

Vatican bank report takes step toward transparency

VATICAN CITY – The Vatican has taken another step in its efforts to be more financially transparent by publishing a first-ever annual report for the secretive Vatican bank. It was published as Italian prosecutors investigate alleged money-laundering there, a Vatican monsignor remains in detention and the pope probes the problems that have brought such scandal to the institution.

According to the report Tuesday, earnings at the Institute for Religious Works rose more than four-fold in 2012 to $116.95 million as net trading income rebounded from a loss in 2011.

The picture may not be so rosy for 2013, with rising interest rates cutting profits and millions earmarked for the IOR’s transparency process, which has involved hiring outside experts to revamp its procedures, review its client base and remake its image.

Advertisement