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Death Toll Mounts in Syria as Regional Powers Urge Restraint

Posted August 9th, 2011 at 12:35 pm (UTC-5)
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Turkey and other foreign powers have made fresh appeals for Syria to stop its violent crackdown on political dissidents. The calls come as rights activists say renewed government raids Tuesday killed at least 25 people. Turkey’s foreign minister met with Syrian President Bashar al-Assad on Tuesday to urge restraint. Syria’s state-run SANA news agency summed […]

Tags: , , Posted in Middle East

US Stocks Advance Sharply in Midday Trading Tuesday

Posted August 9th, 2011 at 12:35 pm (UTC-5)
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U.S. stock indexes advanced sharply in midday trading Tuesday after the huge sell-off on Monday. The Dow Jones Industrial Average is ahead 2.1 percent, the broader S & P 500 2.8 percent and the NASDAQ by 3.5 percent. In Europe, London’s Financial Times 100 index jumped 1.9 percent to end at 5,165, while the CAC-40 […]

Tags: , , , Posted in Economy

Markets Await US Federal Reserve Announcement

Posted August 9th, 2011 at 12:35 pm (UTC-5)
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U.S. stock markets rebounded strongly in Tuesday’s trading after Monday’s large losses. Prices fell sharply on key Asian markets Tuesday, while most European indexes swung from steep losses to strong gains. Global stock markets have taken some deep losses in volatile trading since a rating agency cut the U.S. government’s credit rating one level last […]

Tags: , , , Posted in Asia, Economy, Europe, US

Rating Agencies in Spotlight Following Downgrade

Posted August 9th, 2011 at 12:30 pm (UTC-5)
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The recent downgrade of the U.S. government’s credit rating by the Standard & Poor’s agency has put this private company and its major rivals in the headlines. Rating agencies are supposed to help investors by evaluating the creditworthiness of nations and companies that borrow money. The highest ratings are given to those judged to be […]

Tags: , , Posted in Economy, US

Iran Says Militants Kill 5 Security Personnel in Northwest

Posted August 9th, 2011 at 12:25 pm (UTC-5)
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Iranian state media say militants have attacked Iranian security forces in the northwestern region of West Azerbaijan and killed five officers. Iranian television says residents of the town of Maku near the Turkish border held a funeral ceremony for the five officers on Tuesday. It blamed Monday’s attack on “thugs and saboteurs.” Iran’s northwestern areas […]

Tags: , Posted in Middle East

China Says Hit By 500,000 Cyberattacks

Posted August 9th, 2011 at 12:10 pm (UTC-5)
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China says it was targeted in 500,000 cyberattacks last year, with the majority originating from foreign countries. A Chinese monitoring agency says most of the attacks came in the form of Trojan horse software that installs itself on vulnerable computers. According to the report, 15 percent of the attacks were traced to IP addresses in […]

Afghans Protest Deadly Land Dispute

Posted August 9th, 2011 at 12:10 pm (UTC-5)
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Dozens of Afghans took to the streets of Kabul Tuesday to protest the deaths of three people in a land dispute. Police say the civilians were killed and three others wounded when members of a nomadic tribe, the Kuchis, clashed with security guards working at the construction site of a residential complex southeast of the […]

Tags: , , , Posted in South Asia

Greece, South Korea Ban Short-selling of Stock

Posted August 9th, 2011 at 11:45 am (UTC-5)
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As global stock markets have plummeted in the last few days, both Greece and South Korea have banned the short-selling of securities, the attempt by some investors to make money by betting that their holdings will decrease in value. On Monday, Greece ordered a halt in the short selling of stocks, and South Korea did […]

Tags: , , , Posted in Asia, Economy, Europe, US

Western Concern Grows Over Tymoshenko Arrest

Posted August 9th, 2011 at 11:35 am (UTC-5)
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The U.S. State Department says the arrest of former Ukranian Prime Minister Yulia Tymoshenko appears to be politically motivated and that she should be released immediately. The former prime minister is one of about 400 former officials being investigated for crimes committed while in office. Critics say the only cases that have come to trial […]

Tags: , Posted in Europe

Rwanda Recovers Stolen Baby Mountain Gorilla

Posted August 9th, 2011 at 11:35 am (UTC-5)
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An African wildlife park says Rwandan police have arrested poachers who stole a baby mountain gorilla, an endangered species. Virunga National Park, located in the Democratic Republic of Congo, says Rwandan authorities recovered the eight-month-old male gorilla Sunday night, reportedly in the city of Gisenyi. A park statement says the poachers captured the gorilla six […]

Tags: , Posted in Africa