U.S. stock market indexes advanced strongly by the close of Tuesday’s trading. The Dow Jones Industrial Average advanced one percent to end at 12,076. The S&P 500 gained 1.3 percent to finish at 1,288 and NASDAQ rose 1.5 percent to close at 2,679. European stock markets closed higher. London’s Financial Times 100 index gained half […]
Oil Prices Rise
Posted June 14th, 2011 at 4:05 pm (UTC-5)
Here are the prices of some key commodities traded in New York on Tuesday: Crude oil prices rose more than $2 to close at $99.37 a barrel. Coffee futures rose two cents to finish at $2.69 per pound. Copper prices rose 12 cents to end at $4.15 a pound. Cocoa futures rose $13 to hit […]
Obama Makes Rare Presidential Visit to Puerto Rico
Posted June 14th, 2011 at 4:00 pm (UTC-5)
U.S. President Barack Obama has reiterated his support for a referendum to allow Puerto Ricans to decide whether to remain a part of the United States. On a rare presidential visit to the semi-autonomous U.S. Commonwealth Tuesday, Mr. Obama pledged to “stand by” the people of Puerto Rico, as soon as they make a “clear […]
Former Tijuana Mayor Detained Again After Release
Posted June 14th, 2011 at 3:50 pm (UTC-5)
Former Tijuana mayor Jorge Hank Rhon was released from jail Tuesday after a Mexican federal judge ruled officials lacked evidence for the illegal weapons charges against him, but authorities promptly took him into custody again. This time, state prosecutors brought the wealthy businessman in for questioning related to a murder investigation. Hank Rhon was arrested […]
IMF: Iran Cuts Inflation & Subsidies
Posted June 14th, 2011 at 3:50 pm (UTC-5)
Officials of the International Monetary Fund say Iran has cut inflation in half and sharply reduced the money it spends subsidizing energy, wheat, transportation and other goods needed by consumers. After a visit to Teheran, IMF experts said Iran’s inflation rate has fallen to a bit over 12 percent. The government has also made deep […]
US Extends Sanctions Against Belarus
Posted June 14th, 2011 at 3:30 pm (UTC-5)
U.S. President Barack Obama has extended sanctions on Belarus for what he called the Minsk government’s continued actions against the development of democratic governance, and for its human rights violations. In a decree issued Tuesday, Mr. Obama accused Belarus’ government of using “harsh violence” against protesters and arresting opposition leaders. He said the country’s independent […]
Yemenis Rally for Government Transition
Posted June 14th, 2011 at 2:55 pm (UTC-5)
Thousands of Yemenis have rallied in the capital, Sana’a, where they called for the formation of a transitional council that excludes members of the current government. The large rally took place on Tuesday, a day after Yemen’s political opposition held talks with the acting leader, Vice President Abd al-Rab Mansur Hadi, on a possible transition […]
US Bankers, CEOs See Better Times Ahead
Posted June 14th, 2011 at 2:55 pm (UTC-5)
U.S. bankers and chief executives are not losing their faith in the ongoing economic recovery despite several weeks of poor economic reports. A report Tuesday from the American Bankers Association , an industry trade group, forecasts the country’s total economic output will grow at a rate of 3 percent through the end of 2012. Meanwhile, […]
Syria Widens Crackdown on Dissenters
Posted June 14th, 2011 at 2:50 pm (UTC-5)
Syrian forces are widening a crackdown on dissenters in a region near the Turkish border, while the number of Syrians crossing into Turkey to flee the unrest continues to swell. Activists Tuesday said Syrian troops are pushing into the town of Maaret al-Numan. Over the past few days, security forces have swept through Jisr al-Shughour […]
UN: 8 Million Urgently Need Food in Horn of Africa
Posted June 14th, 2011 at 2:20 pm (UTC-5)
The United Nations food agency says more than eight million people in the Horn of Africa need emergency food aid due to the ongoing drought in the region. The Food and Agriculture Organization warned Tuesday that food is urgently needed in Djibouti, Ethiopia, Kenya and Somalia. The agency said the region has had below-average rainfall […]
