Japanese share prices gained back some ground Tuesday after opening sharply lower on U.S. debt fears. The dollar was lower against the yen. The Nikkei index was down 1.68 percent , to close at 8,944. In currency trading, the dollar was selling at 77.07 yen, down seven-tenths of a yen from late Monday. Gold was […]
Asian, European, Markets Lower
Posted August 9th, 2011 at 4:55 am (UTC-5)
Asian and European markets are lower Tuesday as investors react to an unprecedented downgrade of the U.S. government’s credit rating and lingering concerns about European debt problems and global economic growth. Japan’s Nikkei index closed 1.68 percent lower Tuesday, recovering from a more than 4 percent drop earlier in the session. Analysts said some buyers […]
Asian Markets Rebound Partly After Steep Early Losses
Posted August 9th, 2011 at 4:55 am (UTC-5)
Asian traders suffered another roller coaster day Tuesday, watching stocks tumble dramatically at the day’s opening only to recover partly before the close. Gold broke new records, surging to more than $1,770 an ounce before settling back later in the day. Oil fell. Analysts said the partial recovery was based in part on hopes that […]
Asian Markets Mostly Lower
Posted August 9th, 2011 at 4:40 am (UTC-5)
Asian stock markets closed mostly lower in Tuesday trading. Japan’s Nikkei index was down 1.68 percent to close at 8,944. Hong Kong’s Hang Seng index slumped 5.66 percent to end at 19,331. Elsewhere, markets closed lower in Manila, Wellington, Taipei and Shanghai. The market in Sydney closed higher. The dollar was selling at 77.34 yen, […]
Guatemala’s Former First Lady Denied Presidential Bid
Posted August 9th, 2011 at 4:20 am (UTC-5)
Guatemala’s former first lady Sandra Torres has been barred from seeking the presidency in the upcoming September 11 election. The constitutional court’s president Alejandro Maldonado explained the tribunal’s decision Monday, saying Torres was married to President Alvaro Colom most of his term before their divorce earlier this year. Guatemala’s constitution prohibits family members from succeeding […]
International Community Ramps Up Pressure on Syria
Posted August 9th, 2011 at 3:55 am (UTC-5)
Turkey’s foreign minister is visiting Syria Tuesday to press the Syrian government to end its violent crackdown on opposition protesters. Ahmet Davutoglu’s trip to Syria comes after Turkey said it was running out of patience with its neighbor. It also follows moves by Gulf Arab nations Saudi Arabia, Kuwait and Bahrain to recall their ambassadors […]
World Bank Freezes Loans to Cambodia Over Lakeside Development
Posted August 9th, 2011 at 3:50 am (UTC-5)
The World Bank said Tuesday it will not issue any new loans to Cambodia before the government resolves a dispute with citizens displaced by a lakeside development in Phnom Penh. Country director Annette Dixon confirmed to reporters that the lending institution has not made any loans to the country since December and will not do […]
Asian Markets Trim Losses as Investors Look for Bargains
Posted August 9th, 2011 at 3:40 am (UTC-5)
Asian markets are lower Tuesday as investors react to an unprecedented downgrade of the U.S. government’s credit rating and lingering concerns about European debt problems and global economic growth. Japan’s Nikkei index closed 1.68 percent lower Tuesday, recovering from a more than 4 percent drop earlier in the session. Analysts said some buyers came in […]
US Swimmer Ends Cuba to US Swim
Posted August 9th, 2011 at 3:20 am (UTC-5)
Sixty-one-year-old American swimmer Diana Nyad ended her bid Tuesday to swim the Florida Straits from Cuba to the United States. Nyad was attempting to become the first person to make the 165-kilometer crossing without the benefit of a shark cage. According to her Twitter account, Nyad was forced to end her attempt at the record-setting […]
Vietnam Accuses Beijing Over South China Sea Exploration
Posted August 9th, 2011 at 3:15 am (UTC-5)
Vietnamese officials say they have met with Chinese counterparts to formally protest the activities of a research vessel in the South China Sea off its coasts. State media Tuesday quoted a foreign ministry spokeswoman as saying Vietnam regards the Chinese activities as a violation of its sovereignty and jurisdictional rights. The spokeswoman said Vietnam demands […]
