Tuesday, September 25, 2012

US economic data help world markets recover

US economic data help world markets recover

US economic data help world markets recover

Posted: 25 Sep 2012 09:18 AM PDT

An investor looks at the stock price monitor at a private securities company in Shanghai, China, Tuesday Sept. 25, 2012. Asian stock markets were held in check Tuesday by a host of concerns about the global economy. (AP Photo/Eugene Hoshiko)Robust U.S. economic indicators pushed world markets higher on Tuesday, offsetting uncertainty over Europe's debt problems and global growth.

China says first aircraft carrier entering service

Posted: 25 Sep 2012 07:12 AM PDT

In this photo provided by China's Xinhua News Agency, Chinese President Hu Jintao, center, endorses the flag of the People's Liberation Army (PLA) to the naval unit that receive the aircraft carrier "Liaoning" at the carrier handover ceremony at a naval base in Dalian, northeast China's Liaoning Province, Tuesday, Sept. 25, 2012. China formally entered its first aircraft carrier Liaoning into service on Tuesday, underscoring its ambitions to be a leading Asian naval power, although the ship is not expected to carry a full complement of planes or be ready for combat for some time. (AP Photo/Xinhua, Zha Chunming) NO SALESChina formally entered its first aircraft carrier into service on Tuesday, underscoring its ambitions to be a leading Asian naval power, although the ship is not expected to carry a full complement of planes or be ready for combat for some time.

NKorean parliament holds second session this year

Posted: 25 Sep 2012 07:01 AM PDT

In this video image taken from KRT, North Korean leader Kim Jong Un holds up his credential at the Supreme People's Assembly's second meeting of the year, in Pyongyang, North Korea, Tuesday, Sept. 25, 2012. North Korea's parliament convened Tuesday for the second time in six months, passing a law that adds one year of compulsory education for children in the socialist nation, the first publicly-announced policy change under leader Kim. (AP Photo/KRT via AP video) NORTH KOREA OUTNorth Korea's parliament convened Tuesday for the second time in six months, passing a law that adds one year of compulsory education for children in the socialist nation, the first publicly announced policy change under leader Kim Jong Un.

Avalanche deaths might be victims of Tibet crisis

Posted: 25 Sep 2012 06:49 AM PDT

In this picture taken Sunday, Sept. 23, 2012 and released by Alpine Ascents International, an unidentified rescuer speaks to an unidentified survivor in the debris field of an avalanche on Mount Manaslu in northern Nepal. Rescue helicopters flew over the high slopes of the northern Nepal peak again Monday to search for climbers lost in an avalanche that killed at least nine mountaineers and injured others. Many of the climbers were French, German and Italian. (AP Photo/Garrett Madison, Alpine Ascents International)The climbers killed in a weekend avalanche in the Himalayas were part of a crush of mountaineers who came to the slope because of heightened tensions between Chinese authorities and Tibetans.

AP Exclusive: Images show NKorea launch pad halt

Posted: 25 Sep 2012 06:29 AM PDT

In this satellite image taken Aug. 29, 2012 by DigitalGlobe and provided Monday, Sept. 24, 2012 by 38 North, the website of the U.S.-Korea Institute at Johns Hopkins School of Advanced International Studies, structures which an analyst says a newly commenced construction site of what is probably a new rocket launch control center for the entire Tonghae launch complex and a large, still unfinished rocket assembly building are seen near the village of Musudan-ri on the northeast coast of North Korea. North Korea has stopped construction on the launch pad where intercontinental-range rockets could be tested, an interruption possibly due to heavy rains and that could stall completion up to two years, according to the analysis of Aug. 29 images provided to The Associated Press by 38 North. (AP Photo/DigitalGlobe) NO SALES, MANDATORY CREDITNorth Korea has stopped construction on a launch pad where intercontinental-range rockets could be tested, an interruption possibly due to heavy rains and that could stall completion up to two years, according to an analysis of new satellite imagery.

Oil rises ahead of US consumer confidence survey

Posted: 25 Sep 2012 05:34 AM PDT

The price of oil rose to near $93 a barrel on Tuesday, lifted by expectations of improved consumer confidence in the U.S. and supply concerns tied to new sanctions against Iran.

Apple supplier's factory back up after China brawl

Posted: 25 Sep 2012 04:22 AM PDT

In this Monday Sept. 24, 2012 mobile phone photo, police in anti-riot suits cordon off a road near Foxconn's plant in Taiyuan, capital of Northern China's Shanxi province. The company that makes Apple's iPhones suspended production at a factory in China on Monday after a brawl by as many as 2,000 employees at a nearby dormitory injured 40 people. The facility will reopen Tuesday. (AP Photo) CHINA OUTA factory in China owned by the manufacturer of Apple's iPhones resumed production Tuesday after a brawl by workers highlighted tensions that labor groups say were worsened by the pressure of a new iPhone launch.

Europe uncertainty saps market strength

Posted: 25 Sep 2012 03:50 AM PDT

An investor looks at the stock price monitor at a private securities company in Shanghai, China, Tuesday Sept. 25, 2012. Asian stock markets were held in check Tuesday by a host of concerns about the global economy. (AP Photo/Eugene Hoshiko)Uncertainty over Europe's debt problems and global growth kept a lid on financial markets on Tuesday.

Global growth fears keep stocks in check

Posted: 25 Sep 2012 02:29 AM PDT

An investor looks at the stock price monitor at a private securities company in Shanghai, China, Tuesday Sept. 25, 2012. Asian stock markets were held in check Tuesday by a host of concerns about the global economy. (AP Photo/Eugene Hoshiko)World stock markets fell Tuesday, weighed down by a host of concerns about the global economy.

NKorea raises schooling period to 12 years from 11

Posted: 25 Sep 2012 01:20 AM PDT

In this Sept. 19, 2012 photo, North Koreans walk in front of the Mansudae Assembly Hall in Pyongyang, North Korea. North Korea's rubber-stamp parliament is convening a new session that is drawing attention because it is the second in less than six months. The 687-member Supreme People's Assembly gathers Tuesday, Sept. 25, 2012 in the North Korean capital. (AP Photo/Vincent Yu)North Korea's parliament passed a law Tuesday to add one more year to compulsory education in the socialist nation in the first publicly-announced policy change under leader Kim Jong Un.

Global growth fears keep Asia stocks in check

Posted: 24 Sep 2012 10:34 PM PDT

An investor looks at the stock price monitor at a private securities company Friday Sept. 21, 2012 in Shanghai, China. China's benchmark Shanghai Composite Index added 0.1 percent to 2,027.03 Friday, as Asian stock markets rebounded, led by oil and technology shares, despite uncertainty about the fragile global economy. (AP Photo)Asian stock markets were held in check Tuesday by a host of concerns about the global economy.

Ex-president of Japan's Olympus pleads guilty

Posted: 24 Sep 2012 08:37 PM PDT

Olympus Corp.'s former President Tsuyoshi Kikukawa, front center, arrives with his lawyers at Tokyo District Court in Tokyo Tuesday, Sept. 25, 2012. Kikukawa admitted guilt Tuesday in a cover-up scandal of massive investment losses at the major Japanese camera and medical equipment company. (AP Photo/Kyodo News) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, FRANCE, HONG KONG, JAPAN AND SOUTH KOREAOlympus Corp.'s former president Tsuyoshi Kikukawa admitted guilt Tuesday in a cover-up of massive investment losses at the Japanese camera and medical equipment maker.

NKorea parliament holding closely watched session

Posted: 24 Sep 2012 08:26 PM PDT

North Korea's rubber-stamp parliament is convening a new session that is drawing attention because it is the second in less than six months.

Seaport delay highlights shaky Vietnam economy

Posted: 24 Sep 2012 06:49 PM PDT

In this photo taken April 10, 2011 photo, a boat passes by the abandoned Van Phong port in southern Vietnam. All that remains of a plan by Vietnam to build a major deep water port is 114 exposed pilings trailing into the South China Sea and a barge full of rusty machinery. Foreign investors stayed away from the $3.6 billion project and the indebted state-owned company overseeing it bungled the job. Earlier this month, Sept., 2012, the government accused the company of "financial incompetence" and suspended the project. The prospects for ever reviving it are dim. (AP Photo/Tuoi Tre Newspaper, Van Ky) VIETNAM OUTAll that remain of Vietnam's plan to build a major deep-water port are 114 exposed pilings trailing into the South China Sea and a barge full of rusty machinery.
Posted by Harshad at 12:03 PM

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