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US Stocks Make Strong Gains Tuesday

Posted October 18th, 2011 at 4:20 pm (UTC-5)
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U.S. stocks made strong gains in Tuesday’s trading. The Dow Jones Industrial Average gained 1.6 percent to close at 11,577. The S&P 500 advanced 2 percent to end at 1,225 while the NASDAQ jumped 1.6 percent to hit 2,657. European stock prices were mixed at the close of trading. London’s Financial Times index lost a […]

Tags: , , , Posted in Economy

Russia and Ex-Soviet States Set Up Free Trade Zone

Posted October 18th, 2011 at 4:05 pm (UTC-5)
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Russian Prime Minister Vladamir Putin has announced a free trade agreement that includes Ukraine and several other former Soviet republics. Mr. Putin announced the agreement Tuesday after what he termed “long and constructive negotiations” at a Commonwealth of Independent States summit in St. Petersburg. The CIS bloc of 11 nations was formed shortly after the […]

Tags: , Posted in Europe

Crude Oil Price Rises

Posted October 18th, 2011 at 3:40 pm (UTC-5)
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Here are the prices of some key commodities traded in New York on Tuesday: Crude oil prices gained $1.96 to close at $88.34 a barrel. Coffee prices lost more than 2 cents to end at $2.32 per pound. Copper prices dropped nearly 2 cents to finish at $3.36 a pound. Cocoa futures slid $51 to […]

Tags: Posted in Economy

US Deportations at Record Level

Posted October 18th, 2011 at 3:35 pm (UTC-5)
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Federal agents have deported a record number of people from the United States. The director of the U.S. Immigration and Customs Enforcement Agency said Tuesday 396,906 people were deported in the 12-month period ending in September. ICE’s John Morton said the numbers are the largest since the agency was officially created eight years ago. ICE […]

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EU Fears Human Trafficking Rise at Euro 2012, Olympics

Posted October 18th, 2011 at 3:20 pm (UTC-5)
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European Union officials have expressed concern about a possible increase in human trafficking next year during the European football championships in Poland and Ukraine, and the Summer Olympic Games in London. EU anti-trafficking coordinator Myria Vassiliadou said Tuesday that sporting events are a “hub for criminal gangs.” She noted that similar large sporting events in […]

Tags: , , Posted in Europe

US Fed Considers Lessons From Financial Crisis

Posted October 18th, 2011 at 3:10 pm (UTC-5)
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The head of the U.S. central bank says the financial crisis shows that governments may need to do more to fight financial bubbles. The collapse of inflated housing prices played a key role in sparking the economic downturn that began in 2008. U.S. Federal Reserve Chairman Ben Bernanke told an audience in Boston Tuesday that […]

Tags: , , Posted in Economy

Freed Israeli Soldier Back Home, Palestinians Celebrate Return of Prisoners

Posted October 18th, 2011 at 2:55 pm (UTC-5)
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An Israeli soldier released by Hamas militants who held him for five years has received a joyous reception in his hometown, while tens of thousands of Palestinians in Gaza celebrated Israel’s release of hundreds of Palestinian prisoners in exchange for the soldier. An Israeli military helicopter flew Sergeant Gilad Shalit to the northern Israeli town […]

Tags: , , , Posted in Middle East

US Imposes New Curbs on Commodity Trading

Posted October 18th, 2011 at 2:50 pm (UTC-5)
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U.S. regulators have imposed new rules on commodity trading, seeking to curb excessive speculation that some analysts say contributed to the world financial turmoil in 2008 and more recent spikes in oil and grain prices. The Commodity Futures Trading Commission voted to approve the regulations that will put a cap on the number of trading […]

Tags: , , Posted in Economy

Rights Group Deplores Chinese Policies Against Tibetans

Posted October 18th, 2011 at 2:50 pm (UTC-5)
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A top human rights group says the news that a Tibetan Buddhist nun set herself on fire and died shows a “new level of desperation” against Chinese policies in the region. An Amnesty International official, Sam Zarifi, said Tuesday Chinese authorities should heed the demands of Tibetans to freely practice their religion and enjoy their […]

Tags: , , , , Posted in East Asia Pacific

Clinton Pledges More US Aid in Libya Stop

Posted October 18th, 2011 at 2:25 pm (UTC-5)
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U.S. Secretary of State Hillary Clinton visited Libya on Tuesday to meet with the country’s new rulers, while Libyan provisional government fighters launched an assault on the last remaining stronghold of former leader Moammar Gadhafi. Clinton arrived in the capital, Tripoli, where she pledged millions of dollars in new aid for educational programs and medical […]

Tags: , , Posted in Middle East