Major Asian stock markets closed lower Thursday. Tokyo’s Nikkei index plunged nearly one and three-quarters percent to finish at 9,411. Hong Kong’s Hang Seng index lost one and three-quarters percent to finish the day’s trading at 21,953. Share prices were also lower in Bangkok, Jakarta, Kuala Lumpur, Manila, Mumbai, Seoul, Shanghai, Singapore, Sydney, Taipei and […]
Greek Lawmakers Abandon Ruling Party Over Economic Policy
Posted June 16th, 2011 at 6:55 am (UTC-5)
Greek Prime Minister George Papandreou says he plans to form a new government Thursday to help push forward austerity measures tied to an international bailout. Mr. Papandreou says he will then ask for a vote of confidence in parliament, after coalition talks with the opposition fell apart. Mr. Papandreou made his announcement on television Wednesday […]
Boeing Raises Aircraft Production Forecast
Posted June 16th, 2011 at 6:50 am (UTC-5)
Boeing Corporation is raising its forecast for aircraft demand over the next two decades. Boeing says airlines will need $4 trillion in new planes over the next 20 years. The long-range forecast anticipates the delivery of 33,500 new planes by 2030. The plane-maker says it raised forecasts after passenger air traffic rose eight percent in […]
Major Losses on Japan’s Nikkei
Posted June 16th, 2011 at 5:50 am (UTC-5)
Japanese markets closed lower Thursday, while the U.S. dollar is lower against the Japanese yen. Tokyo’s Nikkei index plunged nearly one and three-quarters percent to finish at 9,411. In currency trading, the dollar was selling at 80.65, a loss of more than one-quarter of a yen from Wednesday. Gold is trading at $1,524.80 an ounce.
Greek PM to Form New Cabinet to Deal with Economic Crisis
Posted June 16th, 2011 at 5:25 am (UTC-5)
Greek Prime Minister George Papandreou says he will form a new government Thursday to help push forward austerity measures tied to an international bailout. Mr. Papandreou says he will then ask for a vote of confidence in parliament, after coalition talks with the opposition fell apart. Mr. Papandreou made his announcement on television Wednesday following […]
Asian Stocks Lower
Posted June 16th, 2011 at 4:35 am (UTC-5)
Asian stock markets closed lower Thursday. Tokyo’s Nikkei index plunged nearly one and three-quarters percent to finish at 9,411. Hong Kong’s Hang Seng index lost nearly one and three-quarters percent to finish the day’s trading at 21,957. Share prices were also lower in Manila, Shanghai, Sydney, Taipei and Wellington. In currency trading, the dollar was […]
S.Korean Company to Help Build Southern Sudan Capital
Posted June 16th, 2011 at 4:05 am (UTC-5)
South Korea’s state-run land developer says it has signed a deal with southern Sudan to build its new capital after it becomes a country next month. LH Corporation said Thursday it will lend technical support in devising a master plan for the capital of the world’s newest country. Southern Sudan’s capital is currently located in […]
Major Losses on Japan’s Nikkei
Posted June 16th, 2011 at 2:35 am (UTC-5)
Japanese markets closed lower Thursday, while the U.S. dollar is lower against the Japanese yen. Tokyo’s Nikkei index plunged nearly one and three-quarters percent to finish at 9,411. In currency trading, the dollar was selling at 80.79 yen, a loss of nearly one-fifth of a yen from Wednesday. The Taipei market closed at 8,654, a […]
US Foreclosures Fall in May
Posted June 16th, 2011 at 2:25 am (UTC-5)
The number of U.S. homes seized by banks fell in May as processing delays impeded foreclosures. Banks took control of nearly 67,000 homes in May. That total is down four percent from April, and a drop of 29 percent from a year ago. RealtyTrac reports that Nevada again has the nation’s highest foreclosure rate with […]
Mexican IMF Candidate Takes Campaign to China
Posted June 16th, 2011 at 2:05 am (UTC-5)
Mexican central bank Governor Agustin Carstens was due in Beijing Thursday to meet with Chinese leaders in his campaign to become head of the International Monetary Fund. Carstens is scheduled to meet with his Chinese counterpart Zhou Xiaochuan and Finance Minister Xie Xuren. He and French Finance Minister Christine Lagarde were named by the IMF […]
