Researchers for the leading Asia-Pacific economic grouping say improved efficiency has saved regional countries more than $58 billion on trading costs since 2007. The secretariat of the Asia-Pacific Economic Cooperation forum released the findings ahead of an APEC summit to be held in Hawaii later this week. The report says fees and charges on regional […]
APEC Reports Major Savings on Regional Trade
Posted November 9th, 2011 at 3:55 am (UTC-5)
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US Legislators Caution Against Admitting Japan to Pacific Trade Talks
Posted November 9th, 2011 at 3:30 am (UTC-5)
Leading U.S. lawmakers are urging the Obama administration to exercise caution before admitting Japan into talks for a major free trade partnership. Japanese Prime Minister Yoshihiko Noda is expected to announce whether his country will apply to join the Trans-Pacific Partnership talks before he leaves this week to attend a regional economic summit in Hawaii. […]
China Lashes Out at Dalai Lama’s Visit to Mongolia
Posted November 9th, 2011 at 3:05 am (UTC-5)
China says it has lodged a strong protest with neighboring Mongolia over a visit this week by the Dalai Lama. Chinese foreign ministry spokesman Hong Lei announced the protest at a briefing in Beijing Tuesday. He said China has always opposed any country providing the exiled spiritual leader with a platform to advocate independence from […]
IMF Chief Lauds Asia’s Economic Role, Cites Dangers Ahead
Posted November 9th, 2011 at 2:50 am (UTC-5)
The head of the International Monetary Fund is promoting the important role of Asia in the recovery of the global economy and urging the region to be ready in the event of another worldwide recession. In a speech Wednesday at the International Finance Forum in Beijing, Christine Lagarde said the economic rise of Asia is […]
China, Neighbors Plan Armed Security Force for Mekong Region
Posted November 9th, 2011 at 2:50 am (UTC-5)
Chinese officials say China and several of its neighbors will soon begin armed patrols in an area of the Mekong River where 13 Chinese crewmen were killed by suspected drug traffickers last month. State-controlled media quoted a Ministry of Public Security official Wednesday saying the special force will begin the patrols next month. Shipping executives […]
Sarkozy: Israeli PM is a ‘Liar’
Posted November 9th, 2011 at 2:35 am (UTC-5)
French President Nicolas Sarkozy has called Israeli Prime Minister Benjamin Netanyahu a “liar.” News organizations say Mr. Sarkozy made the remark during a private conversation with U.S. President Barack Obama, last week, as the two leaders sat side-by-side at a meeting of the world’s leading 20 economies in France. The two leaders’ comments were inadvertently […]
Afghan Soldier Seriously Wounds 3 Australian Troops
Posted November 9th, 2011 at 2:30 am (UTC-5)
Australia’s defense ministry says an Afghan soldier has shot and seriously wounded three Australian soldiers at a base in southern Afghanistan. Officials say the Afghan soldier was armed with an automatic weapon and a grenade launcher when he opened fire Tuesday at the base in Uruzgan province. The attack also wounded two Afghan soldiers. A […]
Iran Rejects Findings in Nuclear Report
Posted November 9th, 2011 at 1:50 am (UTC-5)
Iran has dismissed a report that raises concerns about its nuclear program as nothing new. The findings are from the International Atomic Energy Agency , which says it has “credible” information that Tehran has engaged in activities aimed toward developing nuclear weapons — a charge Iran has long denied. In a report released Tuesday, the […]
Rights Groups Urge South Sudan to Release Journalists
Posted November 9th, 2011 at 1:40 am (UTC-5)
Several international human rights groups are calling for the government of South Sudan to release two journalists detained after the publication of an article criticizing South Sudanese President Salva Kiir. Peter Ngor Arol Garang and Dengdit Ayok were arrested earlier this month and are believed to be held without charge by Sudan’s National Security Services. […]
Debate Over Greek Interim Government Enters 3rd Day
Posted November 9th, 2011 at 1:10 am (UTC-5)
Greek party leaders halted debate on the formation of a new coalition government early Wednesday without reaching consensus, but were set to resume talks later in the day. Outgoing Prime Minister George Papandreou and main opposition leader Antonis Samaras have been locked in talks since Monday on who will lead a power-sharing government until early […]
