South Korea says all its workers have left a mountain resort jointly operated with North Korea, one day after the North ordered them out and seized all South Korean assets at the facility. Operators of the Mount Kumgang resort said the 14 workers and two Chinese colleagues crossed into the South early Tuesday. Pyongyang announced […]
Last South Korean Workers Leave Mount Kumgang
Posted August 23rd, 2011 at 3:10 am (UTC-5)
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Chinese-Backed Panchen Lama Concludes Disputed Gansu Visit
Posted August 23rd, 2011 at 2:55 am (UTC-5)
Chinese state media say the government-selected Panchen Lama has completed a 13-day visit to prominent Tibetan Buddhist monasteries in China, which prompted protests from some of the monks. The official Xinhua news agency said Tuesday the lama, also known as Gyaltsen Norbu, performed rituals and gave blessings to more than 50,000 Tibetan Buddhists during a […]
Obama Says Libya’s Gadhafi Era is Over
Posted August 23rd, 2011 at 2:50 am (UTC-5)
U.S. President Barack Obama says Moammar Gadhafi’s rule is “coming to an end” as more Arab nations joined in recognizing the Libyan opposition as the legitimate representative of the country’s people. The president called on Mr. Gadhafi to prevent further bloodshed and instruct loyalist forces who continue fighting “to lay down their arms for the […]
Standard & Poor’s President To Leave at Year’s End
Posted August 23rd, 2011 at 2:35 am (UTC-5)
The president of Standard & Poor’s, the credit ratings company that downgraded the U.S. credit rating, is stepping down. S & P’s parent company, McGraw Hill, announced that Deven Sharma will be replaced by current Citibank Chief Operating Officer Douglas Peterson. Peterson will take control on September 12 while Sharma will stay on as an […]
Japan’s Nikkei Rises
Posted August 23rd, 2011 at 2:30 am (UTC-5)
Japanese markets closed higher Tuesday. Tokyo’s Nikkei index gained nearly one and one-quarter percent to finish at 8,733. In currency trading, the dollar was unchanged at 76.79 yen. The Taipei market soared three and one-quarter percent , closing at 7,550.
Kim Jong Il Visits Lakeside Village Ahead of Medvedev Summit
Posted August 23rd, 2011 at 2:20 am (UTC-5)
North Korean leader Kim Jong Il has arrived at a lakeside city in Siberia, where Russian news agencies say he has begun a day of sight-seeing ahead of a summit Wednesday with President Dmitry Medvedev. Russia’s Itar-Tass news agency said a motorcade took Mr. Kim from the train station in Ulan-Ude to a village on […]
Thailand’s Thaksin in Japan, Seeks to Calm Squabble at Home
Posted August 23rd, 2011 at 1:50 am (UTC-5)
Thailand’s fugitive former prime minister Thaksin Shinawatra tried to calm a political storm over his visit to Japan Tuesday, saying he wants to avoid causing problems for Thailand’s new government. Mr. Thaksin also told Tokyo reporters he will not try to return to Thailand until there is reconciliation between the political parties. In Bangkok, however, […]
South Korea’s Lee Continues Economic, Diplomatic Tour of Central Asia
Posted August 23rd, 2011 at 1:35 am (UTC-5)
South Korean President Lee Myung-bak flew to Uzbekistan Tuesday, the second leg of his three-nation tour of Central Asia. Mr. Lee is expected to sign a gas development deal with Uzbekistan counterpart Islam Karimov worth $4 billion . The South Korean president headed to Uzbekistan after completing a three-day visit to Mongolia, where he held […]
Canada Opposition Leader Jack Layton Dies
Posted August 23rd, 2011 at 1:35 am (UTC-5)
Canada’s New Democrat party leader Jack Layton died Monday from cancer. Layton’s party announced his death, saying the charismatic politician died at his Toronto home, surrounded by his family. During the May 2 elections, Layton helped his party become the dominant opposition group in Canada’s Parliament while battling cancer. The NDP controls 103 of 308 […]
Kan Tells Japanese Cabinet Members to Prepare Resignations
Posted August 23rd, 2011 at 1:30 am (UTC-5)
Japanese Prime Minister Naoto Kan has told his Cabinet members to be ready to hand in their resignations on Tuesday next week. Officials said Mr. Kan delivered the statement at a Cabinet meeting Tuesday, confirming his intention to resign in time for his ruling Democratic Party of Japan to select a new leader Monday. The […]
