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Tokyo Stocks, Dollar Down

Posted August 5th, 2011 at 5:25 am (UTC-5)
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Japanese share prices plummeted Friday, while the dollar slipped against the yen. Tokyo’s Nikkei index dropped 3.72 percent , to close at 9,300. In currency trading, the dollar was selling at 78.49 yen, down four-tenths of a yen from late Thursday. Gold was selling at $1,667.53 an ounce.

Tags: , Posted in East Asia Pacific

China’s Biggest Bank to Enter Argentina Market

Posted August 5th, 2011 at 5:05 am (UTC-5)
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China’s largest bank said Friday that it will buy stakes in Standard Bank Argentina. State-owned Industrial and Commercial Bank of China said it will pay $600 million for the stake in South Africa-based Standard Bank Group’s Argentine unit. The purchase gives ICBC an 80 percent stake in the group, which has 103 branches throughout Argentina. […]

Libyan Rebels say Gadhafi Son Killed in NATO Strike

Posted August 5th, 2011 at 4:55 am (UTC-5)
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Libyan rebels say a NATO airstrike has killed Libyan leader Moammar Gadhafi’s son Khamis and more than 30 other people. A rebel spokesman said Friday the strike took place in Zlitan, a western town that has been the scene of recent clashes between pro-government and rebel forces. There was no independent confirmation that Khamis Gadhafi […]

Tags: Posted in Middle East

Stocks Plunge in US, Europe, Asia Amid New Worries of Global Downturn

Posted August 5th, 2011 at 4:50 am (UTC-5)
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Stock markets plunged around the globe Thursday and Friday, amid new concerns that the world may be headed for another sharp economic downturn. In Asia, markets fell Friday, with Tokyo’s Nikkei closing down 3.72 percent and hitting its lowest level in five months, while Hong Kong’s Hang Seng tumbled 4.3 percent. Key European markets opened […]

Asian Markets Tumble

Posted August 5th, 2011 at 4:40 am (UTC-5)
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Asian stock markets took a nosedive in early trading Friday. Tokyo’s Nikkei index dropped 3.72 percent , to close at 9,300. Hong Kong’s Hang Seng plunged 4.29 percent , to end at 20,946. Elsewhere, share prices dropped from more than one to more than five percent in Taipei, Sydney, Manila, Shanghai and Wellington. The dollar […]

Tags: , , Posted in East Asia Pacific

Cyprus President Appoints Cabinet

Posted August 5th, 2011 at 4:30 am (UTC-5)
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Cyprus President Demetris Christofias has appointed a new cabinet as his country engages in a fight to ward off bankruptcy. He named Kikis Kazamias as finance minister amid growing speculation that Cyprus may be forced to seek a bailout. Last week, the Moody’s credit rating agency downgraded Cypriot government bonds two levels and said the […]

Tags: , Posted in Europe

Philippines President, Muslim Rebel Chief Hold Talks

Posted August 5th, 2011 at 4:00 am (UTC-5)
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Philippine officials say President Benigno Aquino met secretly in Japan late Thursday with the head of the Philippines’ largest Muslim rebel group and agreed to speed up peace talks. A press release from the Philippine government Friday said Mr. Aquino met with Moro Islamic Liberation Front chairman Murad Ebrahim for nearly two hours in a […]

UN Fears for Children in Australia Refugee Swap

Posted August 5th, 2011 at 3:05 am (UTC-5)
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The United Nations’ children’s agency urged Australia Friday not to send 14 unaccompanied children to Malaysia under a refugee swap deal signed last month. Australian officials moved 55 asylum seekers, including 14 minors without parents or guardians, to a detention center on Christmas Island Thursday. They are to be moved to Malaysia next week. UNICEF […]

Stocks Plunge in US, Europe, Asia Amid New Worries of Global Downturn

Posted August 5th, 2011 at 2:45 am (UTC-5)
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Stock markets plunged around the globe Thursday and Friday, amid new concerns that the world may be headed for another sharp economic downturn. In Asia, markets fell Friday, with Tokyo’s Nikkei closing down 3.72 percent and hitting its lowest level in five months. Hong Kong’s Hang Seng tumbled more than 4.5 percent in afternoon trading. […]

Tokyo Markets, Dollar Down

Posted August 5th, 2011 at 2:35 am (UTC-5)
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Japanese share prices plummeted Friday, while the dollar slipped against the yen. Tokyo’s Nikkei index dropped 3.72 percent , to close at 9,300. In currency trading, the dollar was selling at 78.55 yen, down one-third of a yen from late Thursday. The Taipei market tumbled 5.58 percent , to close at 7,853.