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Moody’s Downgrades Two Top French Banks

Posted September 14th, 2011 at 4:15 am (UTC-5)
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The Moody’s rating agency has downgraded credit ratings for two French banks and issued a warning to a third. Moody’s cut the credit rating Wednesday of Societe Generale and Credit Agricole as worries grew about a possible Greek default. BNP Paribas has been placed on negative watch for possible future downgrade. Moody’s said Credit Agricole’s […]

Tags: , , Posted in Economy, Europe

Bomb Attacks Kill 13 in Iraq

Posted September 14th, 2011 at 4:10 am (UTC-5)
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Iraqi officials say bomb attacks in the country’s west and south have killed at least 13 people and wounded more than 30 others. Police said at least 11 people were killed Wednesday when a car bomb exploded outside a restaurant near the city of Hilla, about 90 kilometers south of the capital, Baghdad. At least […]

Tags: , Posted in Middle East

Nearly Day-Long Taliban Assault Kills 14 in Kabul

Posted September 14th, 2011 at 3:35 am (UTC-5)
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Afghan and coalition officials say a nearly day-long Taliban assault in Kabul that ended Wednesday killed at least 14 people, including three children, and wounded some two dozen others. Insurgents armed with suicide vests and rocket-propelled grenades first targeted NATO’s headquarters, the U.S. Embassy, the Afghan Intelligence Agency and other areas on Tuesday. The assault […]

Tags: , , , Posted in South Asia

Rights Group Honors Writers Worldwide With Monetary Awards

Posted September 14th, 2011 at 3:30 am (UTC-5)
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Human Rights Watch is honoring 48 writers in 24 countries for their commitment to free expression and what it describes as courage in the face of persecution. The New York-based advocacy group on Wednesday announced recipients of the Hellman/Hammett awards of up to $10,000, which are going this year to journalists bloggers, and novelists, as […]

Tags: , , Posted in East Asia Pacific

ADB: Asia Must Plan for Unprecedented Aging of Population

Posted September 14th, 2011 at 3:15 am (UTC-5)
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Asian governments are being warned to plan for the future as the region’s population ages more rapidly than ever in human history. The Asian Development Bank says in a report Wednesday that China’s ratio of elderly to working-age people will quadruple by 2050. It says other countries with fairly younger populations, like India, Pakistan and […]

Tags: , , Posted in East Asia Pacific, Economy

Japan’s Nikkei Finishes in Negative Territory

Posted September 14th, 2011 at 3:06 am (UTC-5)
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Japanese markets closed lower Wednesday, while the U.S. dollar is trading slightly lower against the Japanese yen. Tokyo’s Nikkei index lost one and one-tenth percent to finish at 8,519. The dollar was selling at 76.90 yen, a loss of a fraction of a yen from Tuesday. The Taipei market finished at 7,228, losing nearly two […]

Tags: , , Posted in Economy

2 Taiwan Military Jets Crash Into Mountainside

Posted September 14th, 2011 at 2:51 am (UTC-5)
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Taiwan authorities are investigating to determine why two military jets crashed into a mountain, killing three men. Search crews pored over the site of the crash Wednesday, searching for clues to the cause and the remains of the flyers. The official Central News Agency reported that only partial remains had been found. Officials said the […]

Tags: , , Posted in East Asia Pacific

Wen Calls For Responsible Action From Economic Powers

Posted September 14th, 2011 at 2:06 am (UTC-5)
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Chinese Premier Wen Jiabao urged developed countries at a business conference Wednesday to handle their debt problems in a responsible way. Addressing the World Economic Forum in Dalian, China, Mr. Wen said his government will do its part to help ease the global debt crisis by maintaining economic stability and boosting domestic consumption. The Davos, […]

World Bank Recognizes Libyan Provisional Authority

Posted September 14th, 2011 at 1:47 am (UTC-5)
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The World Bank has recognized Libya’s provisional authority and will work to assist in the country’s transition, while the United States says one of Moammar Gadhafi’s sons is being held under house arrest in neighboring Niger. The World Bank said in a statement Tuesday its decision is based on events in Libya and the views […]

Tags: Posted in Economy, Middle East

Officials: Taliban Attack on Kabul Ends After Nearly 20 Hours

Posted September 14th, 2011 at 1:45 am (UTC-5)
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Afghan officials say a nearly day-long Taliban assault on Kabul has ended after security forces killed the remaining insurgents. The Afghan interior ministry made the announcement Wednesday, some 20 hours after militants first launched their coordinated assault on several high-profile targets in the capital. It is believed to be the longest sustained attack on Kabul […]

Tags: , , , Posted in South Asia