Asian stock markets were sharply lower in trading Monday. Tokyo’s Nikkei index dropped nearly two percent , to close at 8,784. Hong Kong’s Hang Seng index lost nearly three percent , to end at 19,616. Elsewhere share prices were lower in Manila, Wellington, Taipei, Sydney and Shanghai. The dollar was selling at 76.85 yen, up […]
Indian Mining Baron Arrested
Posted September 5th, 2011 at 3:55 am (UTC-5)
India’s Central Bureau of Investigation has arrested a former politician who is a mining baron in India’s mineral-rich Karnataka state. Federal agents arrested G. Janardhana Reddy early Monday. The agents also arrested Reddy’s cousin, Srinivas Reddy, managing director of the family-run Obulapuram mining company. Officials say the men were arrested on charges of illegal mining […]
Singapore’s Lee Denies WikiLeaks Report of Anti-Islam Slur
Posted September 5th, 2011 at 3:30 am (UTC-5)
Singapore’s former leader Lee Kuan Yew says there is no basis for a leaked U.S. diplomatic cable in which he is quoted describing Islam as a “venomous” religion. The cable, released last week by the WikiLeaks website, says Mr. Lee made the remark in 2005 during a meeting with then-U.S. Senator Hillary Clinton. But Mr. […]
Asian Markets Sink on Fears of New US Recession
Posted September 5th, 2011 at 3:05 am (UTC-5)
Asian markets suffered heavy losses Monday amid anxiety over disappointing job creation figures from the United States. South Korea’s main stock index was down by 4.39 percent at the close, while losses topped 2.3 percent in Australia and 1.8 percent in Japan. Hong Kong’s main index was down more than 2.5 percent in late trading. […]
WikiLeaks Cable Describes North Korea-Burma Arms Trade
Posted September 5th, 2011 at 2:50 am (UTC-5)
A leaked U.S. diplomatic cable says Burma shipped thousands of tons of rice to North Korea in exchange for arms. The cable was sent in July 2009 from the U.S. embassy in Rangoon and just released by the anti-secrecy website WikiLeaks. It says Burma shipped about 20,000 tons of rice to North Korea through the […]
Nadal Collapses at Press Conference After US Open Advance
Posted September 5th, 2011 at 2:41 am (UTC-5)
Defending U.S. Open champion Rafael Nadal had a frightening moment at his post-match press conference Sunday, collapsing in pain after defeating Argentina’s David Nalbandian in straight sets. While talking to journalists, Nadal leaned back in his chair and covered his eyes as he winced in pain, and then lowered himself to the floor. He stayed […]
Tokyo Stoks Plunge, Dollar Lower
Posted September 5th, 2011 at 2:35 am (UTC-5)
Japanese share prices plunged Monday, while the dollar fell against the yen. Tokyo’s Nikkei index dropped nearly two percent , to close at 8,784. In currency trading, the dollar was selling at 76.74 yen, down a fraction from late Friday. The Taipei market lost 2.65 percent , to finish at 7,552.
Japanese Search for Missing After Deadly Typhoon
Posted September 5th, 2011 at 2:25 am (UTC-5)
Japanese rescue workers dug through mud and wreckage Monday in search of dozens of people who remain missing after Typhoon Talas hammered the nation’s western coast. Japanese media report 27 dead and more than 50 missing in floods and landslides spawned by the storm, the deadliest to hit Japan in seven years. Thousands more are […]
Chinese State Media Blast US Firm Over Oil Leak
Posted September 5th, 2011 at 1:50 am (UTC-5)
Chinese state media are accusing an American oil company of lacking basic social responsibility in its handling of an oil spill in Bohai Bay, off China’s northeast coast. The company, ConocoPhillips China, said it expected to complete a shutdown of its operations in the bay by the end of Monday, complying with an order issued […]
President Obama Inspects Irene Damage; Lee Downgraded to Tropical Depression
Posted September 5th, 2011 at 1:46 am (UTC-5)
U.S. President Barack Obama is urging politicians in Washington not to play politics with federal aid for victims of last week’s Hurricane Irene. Mr. Obama on Sunday got a first-hand look at the storm’s devastation as he traveled to New Jersey, touring the state’s third largest city, Paterson, which was inundated by Irene’s torrential rains. […]
