Belgium is buying a subsidiary of the financially troubled Dexia bank, the first European bank heading toward possible collapse because of the regional debt crisis. The government says it is paying $5.4 billion for Dexia’s Belgian subsidiary. Members of Qatar’s royal family already have said they will pay $1.4 billion to buy the bank’s Luxembourg […]
Belgium Buys Subsidiary of Financially Troubled Dexia Bank
Posted October 10th, 2011 at 5:10 pm (UTC-5)
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NATO Criticizes Pakistan on War on Terror
Posted October 10th, 2011 at 5:00 pm (UTC-5)
NATO-led forces in Afghanistan have criticized Pakistan for failing to rein in terrorist and militant groups based in Pakistan but operating in neighboring Afghanistan. A spokesman for the International Security Assistance Force, Brigadier General Carsten Jacobsen, said Monday that although “Islamabad has done a lot against such groups and paid a considerable price in blood, […]
Liberians Prepare to Vote in Second Post-War Elections
Posted October 10th, 2011 at 4:55 pm (UTC-5)
Liberians are preparing to head to the polls for just the second time since the end of their 14-year civil war. President Ellen Johnson Sirleaf is seeking a second term in Tuesday’s vote, just days after receiving the Nobel Peace Prize. Despite the prestigious international honor, Mrs. Sirleaf is facing a tough fight for re-election. […]
Series of Blasts in Baghdad Kills at Least 10
Posted October 10th, 2011 at 4:35 pm (UTC-5)
A series of explosions in the Iraqi capital has left at least 10 people dead and 19 others wounded. The blasts occurred Monday evening in western Baghdad, just minutes apart from one another. Officials say the first blast came from a roadside bomb, followed by a second bomb that detonated when emergency services arrived at […]
Belgium Buys Subsidiary of Financially Troubled Dexia Bank
Posted October 10th, 2011 at 4:35 pm (UTC-5)
Belgium is buying a subsidiary of the financially troubled Dexia bank, the first European bank heading towards possible collapse because of the debt crisis. The government says it is paying $5.4 billion for Dexia’s Belgian subsidiary. Members of Qatar’s royal family have already said they would pay $1.4 billion to buy the bank’s Luxembourg division. […]
US Stocks Advance Sharply in Monday Trading
Posted October 10th, 2011 at 4:30 pm (UTC-5)
(adds US closing)) U.S. and European stock indexes advanced sharply in Monday trading. The Dow Jones Industrial Average ended up nearly 3 percent to close at 11,433. The broader S&P 500 index was up almost 3.5 percent at 1,195, and the NASDAQ was up 3.5 percent to end at 2,566. European stock markets closed higher. […]
Oil Price Rises
Posted October 10th, 2011 at 4:25 pm (UTC-5)
Here are the prices of some key commodities in New York Monday: Crude oil prices jumped 3 percent cents to end at $85.41 a barrel. Coffee futures rose 2 cents cents to close at $2.26 a pound. Copper prices advanced 10 cents to close at $3.37 a pound. Cocoa prices rose $4 to settle at […]
Nobel Winner Voiced Concerns About the Euro From the Outset
Posted October 10th, 2011 at 4:10 pm (UTC-5)
Nobel prize winner Christopher Sims voiced concerns when Europe began using the common euro currency in 1999 that have proved prophetic as the continent struggles to deal with surging government debts. Sims, who won the Nobel economics prize on Monday, wrote an academic paper about what he called the “precarious foundations” of the European Monetary […]
Twin Blasts Rock Bhutan Ahead of Royal Wedding
Posted October 10th, 2011 at 4:00 pm (UTC-5)
Two explosions have rocked a border town in the remote Himalayan kingdom of Bhutan, just days before the wedding of the country’s King Jigme Khesar Namgyel Wangchuck. Local officials said the twin blasts late Monday in Phuentsholing, bordering India, wounded several people, including at least one Indian national. They said the blasts occurred in a […]
Egyptian Christians Mourn Protesters Killed in Cairo Battles
Posted October 10th, 2011 at 3:50 pm (UTC-5)
Thousands of Egyptian Coptic Christians have attended a mass funeral for Christian protesters killed in street battles with Egyptian security forces in Cairo on Sunday. Mourners packed Cairo’s Abbasiya cathedral for Monday’s service, led by Orthodox Coptic Pope Shenouda, who called on Christians to begin three days of fasting in the hope that peace will […]
