U.S. President Barack Obama will formally ask Congress Monday to pass his recently announced $450 billion legislation aimed at creating jobs and averting fears of a second recession in the world’s biggest economy. A White House official says the president will use a ceremony in the Rose Garden to call on lawmakers to pass the […]
Obama to Send Jobs Bill to Congress Monday
Posted September 12th, 2011 at 4:56 am (UTC-5)
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World Markets Tumble on Greek Default Fears
Posted September 12th, 2011 at 4:50 am (UTC-5)
Fears that Greece will not be able to meet the terms of bailout loans agreed to last year have sent world stocks tumbling and sharply lowered the value of the euro. Markets in Asia were down sharply, with the key Hong Kong index off more than four percent. European indices opened lower and kept on […]
South Korean Orchestra Conductor Visits North Korea
Posted September 12th, 2011 at 4:30 am (UTC-5)
Renowned South Korea Maestro Chung Myung-whun set out for North Korea Monday on a mission to launch cultural exchanges between musicians from the two countries. Chung is expected to discuss a variety of cultural exchange programs with North Korean officials. The maestro, who leads the Seoul Philharmonic Orchestra, also acts as UNICEF goodwill ambassador. The […]
Asian Markets Sharply Lower
Posted September 12th, 2011 at 4:30 am (UTC-5)
Asian stock markets were sharply lower in trading Monday. Tokyo’s Nikkei index dropped 2.3 percent to close at 8,536. Hong Kong’s Hang Seng index plunged 4.2 percent to end at 19,031. Elsewhere, share prices closed lower in Sydney, Manila and Wellington. Markets in Shanghai and Taipei were closed for the Mid-Autumn Festival. The dollar was […]
French Foreign Minister to Pressure Beijing on Yuan
Posted September 12th, 2011 at 4:30 am (UTC-5)
French Foreign Minister Alain Juppe says China’s currency is undervalued, and he will press Beijing on the yuan during a three-day visit beginning Monday. Juppe told reporters in Australia Sunday that a strong yuan would help bolster the euro, which is in danger of collapsing under the massive debt incurred by weaker members of the […]
British Prime Minister Cameron Makes Rare Russian Visit
Posted September 12th, 2011 at 4:05 am (UTC-5)
British Prime Minister David Cameron is in Moscow on the first visit by a British leader to Russia in six years. Mr. Cameron is expected to encourage closer trade ties with Russia. Relations between the two countries soured in 2006 after a Russian ex-security agent, Alexander Litvinenko, died of poisoning in London. So far, Russia […]
Gillard Wins Support for New Immigration Bill
Posted September 12th, 2011 at 3:50 am (UTC-5)
Australia’s governing Labor party agreed Monday to propose legislation that would enable the government to go ahead with a planned refugee swap with Malaysia. Prime Minister Julia Gillard said the legislation, approved in a closed meeting of the party’s legislators, would amend the nation’s immigration law in response to a High Court ruling last month […]
Former FIFA President Savages Current Top Official in Memoir
Posted September 12th, 2011 at 3:30 am (UTC-5)
A former top world football executive is describing the current head of the sport’s governing body as a spoiled child who behaves like a dictator. Former FIFA vice president Chung Mong-joon makes the charges in a memoir published in his native South Korea last week. Chung lashes out at Sepp Blatter, accusing the FIFA president […]
Muslim-Christian Violence Kills 3, Injures Scores in Indonesia
Posted September 12th, 2011 at 3:11 am (UTC-5)
Two hundred special police were helping to maintain order in Indonesia’s eastern Maluku province Monday after rioting between Muslims and Christians that left three people dead and scores injured. Authorities said police fired into a crowd in the city of Ambon Sunday to dispel rival groups who were fighting with rocks and machetes. Indonesia’s chief […]
Taiwan’s Opposition Presidential Candidate Visits US
Posted September 12th, 2011 at 2:37 am (UTC-5)
Taiwan’s opposition presidential candidate traveled to the United States Monday promising closer ties with Washington if her party wins next year’s presidential election. Tsai Ing-wen, chairwoman of Taiwan’s pro-independence Democratic Progressive Party, told reporters before departing Sunday that she would discuss a wide range of issues with U.S. officials during her nine-day visit, including setting […]
