U.S. stock market indexes made gains in Wednesday’s trading. The Dow Jones Industrial Average advanced 1.3 percent to close at 11,321. The S&P 500 gained 1.3 percent to end at 1,178, while the Nasdaq composite index rose nine-tenths of a percent to hit 2,468. European stock markets were higher at the close of trading. London’s […]
Strong Earthquake Shakes Peru
Posted August 24th, 2011 at 4:05 pm (UTC-5)
A strong earthquake has struck northern Peru, with reports of shaking felt more than 500 kilometers southwest in the capital, Lima. The U.S. Geological Survey says Wednesday’s 7.0 magnitude quake was centered north of the jungle city of Pucallpa, near the border with Brazil. The USGS had initially rated the earthquake 6.8. The quake was […]
Crude Oil Price Rises
Posted August 24th, 2011 at 4:05 pm (UTC-5)
Here are the prices of some key commodities traded in New York on Wednesday: Crude oil prices gained 41 cents in afternoon trading to hit $85.85 a barrel. Coffee prices rose 4 cents to end at $2.73 per pound. Copper prices gained a fraction of a cent to finish at $4.00 a pound. Cocoa futures […]
Reward Offered for Libya’s Gadhafi
Posted August 24th, 2011 at 3:35 pm (UTC-5)
Libya’s opposition is offering a $1.67 million reward for the capture of Moammar Gadhafi. Transitional National Council leader Mustafa Abdel Jalil said Wednesday his opposition group supports a decision by local businessmen to provide the reward in an attempt to speed up Mr. Gadhafi’s capture. The former leader’s whereabouts are unknown, but U.S. officials say […]
Russia: North Korea Ready to Resume Nuclear Negotiations
Posted August 24th, 2011 at 3:20 pm (UTC-5)
A spokeswoman for Russian President Dmitry Medvedev says North Korean leader Kim Jong Il is ready to impose a temporary freeze on his country’s nuclear weapons program if international negotiations about the program resume. Natalya Timakova says Mr. Kim made the offer during a meeting between the two leaders Wednesday at a military base in […]
Croatia Says Willing to Help Revive Serbia-Kosovo Dialogue
Posted August 24th, 2011 at 3:10 pm (UTC-5)
Croatian Prime Minister Jadranka Kosor says Zagreb is willing to help Kosovo and Serbia resume a dialogue to resolve tensions between the Balkan neighbors. Ms. Kosor made the offer Wednesday after talks with her Kosovo counterpart, Hashim Thaci, in Pristina. She is the first Croatian prime minister to visit Kosovo since it unilaterally seceded from […]
Nepal President Urges Lawmakers to Elect a Leader
Posted August 24th, 2011 at 3:00 pm (UTC-5)
Nepal’s President Ram Baran Yadav is urging the country’s bitterly divided parliament to select a new prime minister. Leaders of various parties have been deadlocked for days while trying to establish a coalition government. No political party has a majority in parliament. After the deadline for forming a coalition government passed Wednesday, the president told […]
Gold Prices Plunge
Posted August 24th, 2011 at 3:00 pm (UTC-5)
The price of gold plunged more than $100 an ounce Wednesday, just one day after the price of the precious metal hit record highs above $1,900. The price of gold for future delivery fell more than 5 percent to hit $1,761.50 an ounce in New York’s afternoon trading. Gold is a traditional safe haven for […]
Strong Earthquake Shakes Peru
Posted August 24th, 2011 at 2:50 pm (UTC-5)
A strong earthquake has struck northern Peru, with reports of shaking felt more than 500 kilometers southwest in the capital, Lima. The U.S. Geological Survey says Wednesday’s 6.8-magnitude quake was centered north of the jungle city of Pucallpa, near the border with Brazil. The quake was registered at a depth of 145 kilometers. The deeper […]
Hurricane Irene Strengthens on Path Toward US Coast
Posted August 24th, 2011 at 2:20 pm (UTC-5)
Hurricane Irene has strengthened as it bears down on the Bahamas on a path toward the eastern United States. The National Hurricane Center said in its latest bulletin Wednesday that Irene’s sustained winds are nearly 185 kilometers an hour, making it a Category Three storm on a five-point scale. The center says Irene could become […]
