The International Monetary Fund is cutting its prediction for global economic expansion this year, and the fund’s experts say the risks of serious economic problems are growing. IMF chief economist Olivier Blanchard says that advanced economies are at risk of recession, and emerging markets like China are becoming increasingly affected. “The world economic recovery continues, […]
IMF Predicts Slower Global Economic Growth
Posted October 9th, 2012 at 2:40 am (UTC-5)
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Amid Island Dispute, S.Korea, Japan Let Currency Swap Deal Expire
Posted October 9th, 2012 at 2:20 am (UTC-5)
South Korea and Japan have agreed to reduce the size of their currency swap arrangement, amid a long-standing dispute over a group of islands. The two Asian powers cited improved financial market stability in announcing they will allow the temporary expansion of the deal to expire at the end of the month, as scheduled. South […]
North Korea Says Its Rockets Could Hit Continental US
Posted October 9th, 2012 at 12:30 am (UTC-5)
North Korea is warning that its rockets are capable of striking the continental United States, two days after Seoul said it signed a deal with Washington to allow South Korea to extend the range of its ballistic missiles. A spokesperson for the North’s National Defense Commission said in state media Tuesday Pyongyang has “strategic rocket […]
US House Report Say China Tech Giants Pose Security Risk
Posted October 8th, 2012 at 3:45 pm (UTC-5)
A new U.S. congressional report warns U.S. companies not to do business with two major Chinese telecommunications firms because they pose a security threat. The report by the House Intelligence Committee also recommends that U.S. government computer systems not include any components made by China’s largest phone equipment companies, Huawei and ZTE. House members say […]
Burma’s Aung San Suu Kyi Willing to be President
Posted October 8th, 2012 at 8:30 am (UTC-5)
Burmese opposition leader Aung San Suu Kyi says she is courageous enough to run for president – if that is what the people want. The Nobel prize laureate spoke Monday during a news conference at the headquarters for her National League for Democracy. Burma’s constitution currently prohibits her from holding the country’s top office but […]
Burma’s Aung San Suu Kyi Willing to be President
Posted October 8th, 2012 at 8:20 am (UTC-5)
Burmese opposition leader Aung San Suu Kyi says she is courageous enough to run for president – if that is what the people want. The Nobel prize laureate spoke Monday during a news conference at the headquarters for her National League for Democracy. Burma’s constitution currently prohibits her from holding the country’s top office but […]
World Bank Predicts Slowdown for Asian Economies
Posted October 8th, 2012 at 8:00 am (UTC-5)
The World Bank has issued a report predicting an economic growth slowdown in Asia this year. Monday’s report says economic growth in the Asia-Pacific region may slow down by a full percentage point, from 8.2 percent in 2011 to 7.2 percent this year, before recovering to 7.6 percent in 2013. The new report also says […]
Families of Kidnapped Sailors Plea for South Korean Help
Posted October 8th, 2012 at 3:05 am (UTC-5)
The families of four South Korean sailors taken hostage by Somali pirates last year are pleading for help in securing their release. The sailors were among the crew of the tanker MT Gemini who were captured on April 30, 2011, while traveling from Kenya to Malaysia. The pirates released most of the crew after the […]
World Bank Predicts Slowdown for Asian Economies
Posted October 8th, 2012 at 1:25 am (UTC-5)
The World Bank has issued a report predicting an economic growth slowdown in Asia this year. Monday’s report said economic grown in the Asia – Pacific region may slow down by a full percentage point, from 8.2 percent in 2011 to 7.2 percent this year, before recovering to 7.6 percent in 2013. The new report […]
Philippines, Muslim Rebels Agree to Forge Pact
Posted October 7th, 2012 at 12:20 pm (UTC-5)
The Philippine government says it has reached a preliminary peace deal with the nation’s largest Muslim rebel group in the country’s south, intended to end a decades-long separatist insurgency that has killed more than 120,000 people. President Benigno Aquino said in a nationally-televised announcement Sunday that the deal with the Moro Islamic Liberation Front – […]
