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 […]
Asian Markets Trim Losses as Investors Look for Bargains
Posted August 9th, 2011 at 3:00 am (UTC-5)
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Japanese Leaders Promote Nuclear Power Alternatives at Nagasaki Memorial
Posted August 9th, 2011 at 2:55 am (UTC-5)
Japanese leaders called for a shift away from nuclear power at a solemn ceremony Tuesday marking the 66th anniversary of the atomic bombing of Nagasaki. About 6,000 people, including diplomats from 44 countries, gathered in the city’s Peace Park to hear a bell toll at the exact moment the bomb fell 66 years ago. The […]
Tokyo Stocks, Dollar, Down
Posted August 9th, 2011 at 2:25 am (UTC-5)
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 77.33 yen, down nearly half a yen from late Monday. The Taipei […]
Taiwan Party Accuses China of Hacking Campaign Information
Posted August 9th, 2011 at 2:05 am (UTC-5)
Taiwan’s main opposition party says it has come under sustained attack by Chinese-based computer hackers seeking information about its plans for next year’s presidential elections. Officials of the Democratic Progressive Party said at least 12 attacks over the past four months have been traced to addresses in China or Hong Kong. They said the attacks […]
London Riots Spread to Other British Cities
Posted August 9th, 2011 at 2:05 am (UTC-5)
Violence has broken out in two more British cities, while London has endured its third straight night of rioting. Police in Birmingham and Liverpool now report fires and looting. British Prime Minister David Cameron cut short a vacation in Italy and rushed back to London to deal with some of the city’s worst rioting in […]
China, South Korea Turn to Clean-up After Tropical Storm
Posted August 9th, 2011 at 1:40 am (UTC-5)
Cleanup operations began Tuesday in China and South Korea after Tropical Storm Muifa swept through the Yellow Sea, battering both coasts. Chinese authorities said the storm destroyed 600 homes and caused $480 million in damage as it swept up the nation’s eastern coast. About 1.35 million people were evacuated as a precautionary measure. South Korean […]
Australian Finance Minister’s Gay Lover Announces Pregnancy
Posted August 9th, 2011 at 1:05 am (UTC-5)
Australia’s ban on gay marriage is being questioned after Finance Minister Penny Wong announced that she and her gay partner are expecting a child. Wong saidTuesday that her long-term partner, Sophie Allouoache, has conceived through in vitro fertilization and expects to give birth in December. Prime Minister Julia Gillard said she was very pleased for […]
World Stocks Tumble, But US Treasuries Gain on Downgrade
Posted August 9th, 2011 at 12:55 am (UTC-5)
Global financial markets continue their plunge in reaction to an unprecedented downgrade of the U.S. government’s credit rating and lingering concerns about European debt problems and global economic growth. In early Asia trading Tuesday, Hong Kong’s Hang Seng index is down nearly 6 percent, while Japan’s Nikkei index is nearly 4 percent lower. Seoul’s KOSPI […]
U.S. State Department Urges Citizens to be Cautious Visiting Haiti
Posted August 9th, 2011 at 12:50 am (UTC-5)
The U.S. State Department is strongly urging U.S. citizens to consider carefully all visits to Haiti. A travel warning issued lMonday cites a “critical crime level,” a cholera outbreak and inadequate infrastructure. The U.S. Embassy in Hait, says there are reports of demonstrations in downtown Port-au-Prince and all trips to the capital should be postponed […]
Automakers Introduce New Models to Chinese Market
Posted August 9th, 2011 at 12:45 am (UTC-5)
Nissan Motor Company has announced an $8 billion expansion plan for China as the world’s auto makers rush to the fast-growing market to make up for slow sales elsewhere around the world. Also Tuesday, U.S.-based General Motors introduced its first sedan designed and built exclusively for the Chinese market. The company says the low-cost vehicle, […]
