Japanese markets closed lower Friday, while the U.S. dollar is trading lower against the Japanese yen. Tokyo’s Nikkei index lost nearly one and one-quarter percent to finish at 8,951. In currency trading, the dollar was selling at 76.80 yen, a loss of just over one-tenth of a yen from Thursday. Gold is trading at $1,853.71 […]
Japan’s Nikkei Closes in Negative Territory
Posted September 2nd, 2011 at 5:55 am (UTC-5)
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Asian Stocks Mostly Lower
Posted September 2nd, 2011 at 4:55 am (UTC-5)
Asian stock markets closed mostly lower Friday. Tokyo’s Nikkei index lost nearly one and one-quarter percent to finish at 8,951. Hong Kong’s Hang Seng index lost just over one and three-quarters percent to finish the day’s trading at 20,213. Share prices were higher in Manila, but lower in Shanghai, Wellington, Taipei, and Sydney. In currency […]
Xinhua: Three Trapped Miners not Likely to be Rescued
Posted September 2nd, 2011 at 4:40 am (UTC-5)
China’s official Xinhua news agency says the three remaining workers who have been trapped in a flooded coal mine for 10 days are not likely to survive. On Tuesday, 22 workers were rescued from the illegally operated mine near the northeastern city of Qitaihe. Xinhua said Friday the three remaining miners have been located and […]
Report: Major Banks Facing Federal Lawsuit over Faulty Mortgage-Backed Stocks
Posted September 2nd, 2011 at 4:05 am (UTC-5)
A U.S. newspaper says the federal government is set to file lawsuits against more than 12 massive financial institutions for misrepresenting the quality of mortgage-backed securities that played a role in the 2008 financial crisis. The New York Times says the Federal Housing Finance Agency is taking action against Bank of America, JPMorgan Chase and […]
Turkey Reopens Embassy in Libya
Posted September 2nd, 2011 at 3:50 am (UTC-5)
Turkey reopened its embassy in Libya on Friday, a day after world leaders agreed to unfreeze billions of dollars of Libyan assets to help the country’s interim government rebuild. The Turkish foreign ministry said its diplomatic team with new ambassador Ali Kemal Aydin left Ankara for Tunisia Thursday and was traveling to Tripoli to start […]
South Korea Allows Buddhist Monks to Travel to North
Posted September 2nd, 2011 at 3:45 am (UTC-5)
South Korea is allowing a delegation of Buddhist monks to take part in a religious ceremony in North Korea, the first trip of its kind since Seoul accused Pyongyang of sinking one of its warships last year. The 37-member delegation will embark Saturday on a five-day trip to North Korea, where the group will participate […]
Japan’s Nikkei Closes in Negative Territory
Posted September 2nd, 2011 at 2:45 am (UTC-5)
Japanese markets closed down Friday, while the U.S. dollar is trading slightly lower against the Japanese yen. Tokyo’s Nikkei index lost nearly one and one-quarter percent to finish at 8,951. The dollar was selling at 76.82 yen, a loss of one-tenth of a yen from Thursday. The Taipei market ended its session Friday at 7,757, […]
Police Ban Protest Marches in London
Posted September 2nd, 2011 at 2:40 am (UTC-5)
British police will enforce a 30-day ban on protest marches in five London boroughs starting Friday. The Metropolitan Police Service got permission from Britain’s Home Secretary to impose the ban in Newham, Tower Hamlets, Waltham Forest, Islington and Hackney. Those areas were at the center of last month’s violent riots and heavy fighting with police. […]
New Japan PM Announces New Cabinet
Posted September 2nd, 2011 at 2:30 am (UTC-5)
Japan’s recently-appointed prime minister has announced a new government aimed at guiding the country through a fragile post-earthquake recovery and a shaky economy. Yoshihiko Noda on Friday named Jun Azumi, a news reporter turned parliamentary affairs chief of the country’s ruling Democratic party, as his new finance minister. Koichiro Gemba, the outgoing national strategy minister, […]
India Says China Confronted Ship in Vietnamese Waters
Posted September 2nd, 2011 at 2:05 am (UTC-5)
Indian officials say a naval vessel travelling off the coast of Vietnam was confronted by a Chinese warship last month in the South China Sea. An Indian foreign ministry spokesman says the INS Airavat was 83 kilometers off the coast of Vietnam on July 22, when it received a radio transmission from an unidentified Chinese […]
