Friday, September 28, 2012

Markets slide as focus remains on Spain

Markets slide as focus remains on Spain


Markets slide as focus remains on Spain

Posted: 28 Sep 2012 09:01 AM PDT

FILE - In this Thursday, Sept. 20, 2012, file photo, traders check the prices to begin trading on the floor of the New York Stock Exchange. Stocks fell on Friday, Sept. 28, 2012, after news that U.S. consumers spent more last month only because higher gas prices forced them to. (AP Photo/Richard Drew, File)Market fell on Friday as investors continued to fret over Spain's finances in the run-up to a report on the state of the country's banks.


Pakistan: Monsoon rains, flooding kill 422 people

Posted: 28 Sep 2012 08:50 AM PDT

Monsoon rains and flooding killed more than 400 people across Pakistan during the rainy season this year, authorities said Friday.

Plane going to Everest region crashes, killing 19

Posted: 28 Sep 2012 05:41 AM PDT

Nepalese police search through the debris at the crash site of a Sita Air airplane near Katmandu, Nepal, early Friday, Sept. 28, 2012. The plane carrying trekkers into the Everest region crashed just after takeoff Friday morning in Nepal's capital, killing all 19 people on board, authorities said. (AP Photo/Niranjan Shrestha)A plane carrying trekkers to the Mount Everest region hit a bird and crashed just after takeoff Friday in Nepal's capital, killing the 19 Nepali, British and Chinese people on board, authorities said.


Markets falter as focus remains on Spain

Posted: 28 Sep 2012 07:15 AM PDT

FILE - In this Thursday, Sept. 20, 2012, file photo, traders check the prices to begin trading on the floor of the New York Stock Exchange. Stocks notched their first gain of the week Thursday, Sept. 27, 2012, after Spain announced severe budget cuts intended to convince the world that it can meet deficit-reduction targets. It was the best day for the U.S. market since Sept. 13, when Federal Reserve Chairman Ben Bernanke announced further steps by the central bank to speed the economic recovery. (AP Photo/Richard Drew, File)Market trading was volatile Friday — the last working day of the quarter — as investors continued to fret over Spain in the run-up to a report on the state of the country's banks.


China says disgraced leader Bo expelled from party

Posted: 28 Sep 2012 06:30 AM PDT

FILE - In this March 9, 2012 file photo, Chongqing party secretary Bo Xilai reacts during a plenary session of the National People's Congress held in Beijing, China. China's tumultuous, bizarre year in politics appears headed for a home stretch, with leading members of the ruling Communist Party convening to finalize a list of new leaders and decide the fate of a disgraced colleague. Disgraced Politburo member Bo has been the focal point of much of the tumult, which has featured a murder, corruption, two high-profile trials and a deadly car crash, all of which exposed bare-knuckled infighting among a leadership that prefers secrecy. (AP Photo/Ng Han Guan, File)China's communist leadership expelled Bo Xilai from the ruling party Friday and sought to bury him with charges ranging from corruption to sexual affairs, aiming to sweep away their most damaging scandal in decades while finally scheduling their long-awaited leadership transition for November.


HK tycoon offers $65M dowry for gay daughter

Posted: 28 Sep 2012 05:59 AM PDT

In this Thursday, Sept. 27, 2012 photo, Gigi Chao, daughter of Hong Kong property tycoon Cecil Chao, poses during an interview in Hong Kong. The daughter of the prominent Hong Kong tycoon who has offered $65 million to any man who can woo her away from her lesbian partner says she's not upset with her father. Gigi Chao says she's on The daughter of a flamboyant Hong Kong tycoon who has offered $65 million to any man who can woo her away from her lesbian partner said she's not upset with her father. Still, it's unlikely she will be accepting any of the marriage proposals flooding in.


US Embassy warns Americans under threat in Manila

Posted: 28 Sep 2012 03:20 AM PDT

The U.S. government is warning its citizens in the Philippine capital that they are facing a security threat. It is urging them to avoid gatherings that may be regarded as "American events."

Oil prices march upward for second day

Posted: 28 Sep 2012 03:04 AM PDT

Hopes that the global economy might see some improvement after Spain announced far-reaching steps to fix its ailing economy helped keep oil prices on the upswing for a second day.

World stocks up after Spain pledges to cut budget

Posted: 28 Sep 2012 02:15 AM PDT

World stock markets rose Friday after Spain announced severe budget cuts meant to show international lenders and investors that the country is taking steps toward getting its debt under control.

China party ready to make decisions on new leaders

Posted: 28 Sep 2012 02:01 AM PDT

FILE - In this March 9, 2012 file photo, Chongqing party secretary Bo Xilai reacts during a plenary session of the National People's Congress held in Beijing, China. China's tumultuous, bizarre year in politics appears headed for a home stretch, with leading members of the ruling Communist Party convening to finalize a list of new leaders and decide the fate of a disgraced colleague. Disgraced Politburo member Bo has been the focal point of much of the tumult, which has featured a murder, corruption, two high-profile trials and a deadly car crash, all of which exposed bare-knuckled infighting among a leadership that prefers secrecy. (AP Photo/Ng Han Guan, File)China's tumultuous, bizarre year in politics appears headed for a home stretch, with leading members of the ruling Communist Party convening to finalize a list of new leaders and decide the fate of a disgraced colleague.


Asia stocks up after Spain pledges to cut spending

Posted: 27 Sep 2012 10:24 PM PDT

Asian stock markets rose Friday after Spain announced severe budget cuts meant to show international lenders and investors that the country is taking steps toward getting its debt under control.

Plane with 19 on board crashes in Nepalese capital

Posted: 27 Sep 2012 07:13 PM PDT

A plane carrying trekkers into the Everest region crashed Friday morning in Nepal's capital, and all 19 people on board are believed dead, authorities said.

China gov't expert questions Brit's cause of death

Posted: 27 Sep 2012 06:23 PM PDT

A prominent Chinese government forensic scientist has questioned the cause of death of a murdered British businessman, casting doubt on the official version of a scandal that reached into the upper levels of the Communist Party.

SKorea: Japan must educate people on colonial past

Posted: 27 Sep 2012 06:16 PM PDT

In this photo released by China's Xinhua News Agency, Chinese Foreign Minister Yang Jiechi, left, meets with his South Korean counterpart Kim Sung-hwan at United Nations Headquarters Monday, Sept. 24, 2012, on the sidelines of the 67th session of the General Assembly. (AP Photo/Xinhua, Fang Zhe) NO SALESSouth Korea's foreign minister said Thursday that Japan's wartime past will overshadow relations between the two staunch U.S. allies until Japan educates its people about crimes committed during colonial rule.


SKorea: Japan must educate its people about WWII

Posted: 27 Sep 2012 05:52 PM PDT

In this photo released by China's Xinhua News Agency, Chinese Foreign Minister Yang Jiechi, left, meets with his South Korean counterpart Kim Sung-hwan at United Nations Headquarters Monday, Sept. 24, 2012, on the sidelines of the 67th session of the General Assembly. (AP Photo/Xinhua, Fang Zhe) NO SALESSouth Korea's foreign minister said Thursday that Japan's wartime past will overshadow relations between the two staunch U.S. allies until Japan educates its people about crimes committed during colonial rule.


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