The Chinese government is asking the United Nations to lead post-war efforts in Libya, as it calls for a smooth political transition in the war torn North African nation. A statement on the Chinese foreign ministry’s website says China’s Foreign Minister Yang Jiechi called on U.N. Secretary-General Ban Ki-moon late Tuesday, urging him to play […]
China Wants UN to Lead Efforts in Post-War Libya
Nigeria Recognizes Libya Rebels
Africa’s most populous country, Nigeria, has recognized the Libyan rebel council as the “legitimate representative of the Libyan people.” In remarks to reporters Tuesday, Nigeria’s minister of state for foreign affairs, Viola Onwuliri, also called on longtime Libyan leader Moammar Gadhafi to give up power immediately. A growing number of countries have recognized the Libyan […]
World Markets Rise on News of US Debt Deal
Global financial markets Monday welcomed the deal in Washington to avoid a debt default by the government of the world’s largest economy. Most U.S., Asian and European stock markets moved higher after U.S. President Barack Obama and congressional leaders made an agreement to increase the legal limit on borrowing and cut government spending. At one […]
World Markets Rise on News of US Debt Deal
Global financial markets welcomed the deal in Washington to avoid a debt default by the government of the world’s largest economy. U.S. and Asian stock markets moved higher and most European markets posted gains Monday after U.S. President Barack Obama and congressional leaders made a deal to increase the legal limit on borrowing and cut […]
World Markets Rise on News of US Debt Deal
European markets opened higher and Asian stocks surged Monday on news that U.S. President Barack Obama and congressional leaders had reached a deal to avert a debt default. London’s Financial Times 100 index, the CAC-40 in Paris, and the DAX in Frankfurt all opened around one percent higher. Tokyo’s Nikkei Index closed up one-and-one-third percent, […]
Tokyo Stocks Rise on News of US Debt Deal
Asian stock markets surged Monday on news that U.S. President Barack Obama and congressional leaders had reached a deal to avert a debt default. Tokyo’s Nikkei Index closed up 1.34 percent, snapping a three-day losing streak, while the dollar climbed nine-tenths of a percent against the yen. Hong Kong markets maintained a 1.4 percent jump […]
Tokyo Stocks Rise on News of US Debt Deal
Asian stock markets surged Monday on news that U.S. President Barack Obama and congressional leaders had reached a deal to avert a debt default. Before noon Tokyo time, the Nikkei Index had gained more than 1.8 percent, snapping a three-day losing streak, while the dollar climbed nine-tenths of a percent against the yen. Hong Kong […]
EU, US, UN Condemn Syria’s Assault on Hama
U.S. President Barack Obama says he is “appalled” by Syria’s use of violence against its own people, after rights activists say an army attack on the central city of Hama killed at least 80 people. The White House statement issued Sunday said the “horrifying” reports out of Hama are demonstrating the “true character” of Syrian […]
EU, US, UN Condemn Syria’s Assault on Hama
U.S. President Barack Obama says he is “appalled” by Syria’s use of violence against its own people, after rights activists say an army attack on the central city of Hama killed at least 80 people. The White House statement issued Sunday said the “horrifying” reports out of Hama are demonstrating the “true character” of Syrian […]
US President, UN Chief Condemn Syria’s Assault on Hama
U.S. President Barack Obama says he is “appalled” by Syria’s use of violence against its own people, after rights activists said an army attack on the central city of Hama killed at least 80 people. The White House released a statement Sunday that the “horrifying” reports out of Hama are demonstrating the “true character” of […]