Wednesday, September 12, 2012

Oil prices fall on questions about global economy

Oil prices fall on questions about global economy

Oil prices fall on questions about global economy

Posted: 12 Sep 2012 10:24 AM PDT

The price of oil is in a holding pattern as traders question how much the global economy may benefit from efforts to promote growth in the U.S. and Europe.

Market relief at German ruling fades ahead of Fed

Posted: 12 Sep 2012 10:00 AM PDT

A man looks at an electronic stock indicator in Tokyo Wednesday, Sept. 12, 2012 as Japan's Nikkei 225 index rose 1.7 percent to close at 8,959.96. (AP Photo/Shizuo Kambayashi)Investors breathed a sigh of relief Wednesday, sending the euro briefly above $1.29 for the first time in four months after Germany's highest court rejected calls to block Europe's permanent rescue fund.

Is North Korea experimenting with change?

Posted: 12 Sep 2012 07:55 AM PDT

FILE - In this Saturday Oct. 8, 2011 file photo, a North Korean farmer walks along a highway outside the eastern coastal city of Wonsan, in Kangwon province, North Korea. Deep in the North Korean countryside, in remote villages in Ryanggang province that outsiders seldom reach, farmers are now said to be given nearly one-third of their harvests to sell at market prices. Collective farms are reportedly being reorganized into something closer to family farms. State propagandists are expounding the glories of change under the country's new young leader, although no outsiders are known to have been to the villages, since the new policies reportedly went into effect. (AP Photo/David Guttenfelder, File)Deep in the North Korean countryside, in remote villages that outsiders seldom reach, farmers are now said to be given nearly one-third of their harvests to sell at market prices. Collective farms are reportedly being reorganized into something closer to family farms. State propagandists are expounding the glories of change under the country's new young leader.

Deaths in factory fires in Pakistan up to 314

Posted: 12 Sep 2012 07:53 AM PDT

Pakistani rescue workers load a dead body into an ambulance after recovering from a burnt garment factory in Karachi, Pakistan on Wednesday, Sept. 12, 2012. Pakistani officials said the death toll from devastating factory fires that broke out in two major cities has risen to 128. Hospital official Tariq Kaleem says the fire at a garment factory in the southern Pakistani city of Karachi killed 103 people. A blaze at a shoe factory in the eastern city of Lahore killed 25 people. (AP Photo/Fareed Khan)The death toll from a pair of devastating factory fires that broke out in Pakistan's two biggest cities rose on Wednesday to 314 people, many of whom perished because they were unable to escape buildings that lacked emergency exits and basic safety equipment such as alarms and sprinklers.

Japan isle buy sparks Chinese anger, cancellations

Posted: 12 Sep 2012 06:03 AM PDT

Chinese protesters march with a banner which reads "Return My Mountains" outside the Japanese embassy in Beijing, China, Wednesday, Sept. 12, 2012. A territorial flare-up between China and Japan intensified as two Beijing-sent patrol ships arrived near disputed East China Sea islands in a show of anger over Tokyo's purchase of the largely barren outcroppings from their private owners. (AP Photo/Ng Han Guan)Japan's purchase of several disputed islands from their private owners was aimed at keeping nationalist activists at bay and reducing tensions with China, but now the government must deal with Beijing's anger over the move.

Oil prices rise ahead of Federal Reserve meeting

Posted: 12 Sep 2012 05:32 AM PDT

The price of oil rose nearer to $98 a barrel Wednesday after a German court ruling favored a bailout fund for deeply indebted eurozone countries and traders awaited a key Federal Reserve meeting expected to end with the announcement of a stimulus plan for the U.S. economy.

Threatened Vietnam cave bugs draw little sympathy

Posted: 12 Sep 2012 05:25 AM PDT

CORRECTS SPELLING OF TOWN AND QUARRY INFORMATION - In this photo taken July 2, 2012, raw rocks are loaded onto a truck for the processing at a limestone quarry owned by a Vietnamese company in Hon Chong, Vietnam. Hundreds of species live in the limestone caves of Hon Chong in southern Vietnam, and many of them are found nowhere else on Earth. Yet their habitat is being blown apart, chunk by chunk, in the name of making cement. Holcim Vietnam - a joint venture of the Switzerland-based company Holcim and a state-owned Vietnamese construction company - began quarrying 200 hectares of Hon Chong limestone in 1997. (AP Photo/Na Son Nguyen)Hundreds of species live in the limestone caves of Hon Chong in southern Vietnam, and many of them are found nowhere else on Earth. Yet their habitat is being blown apart, chunk by chunk, in the name of making cement.

Deaths in factory fires in Pakistan up to 271

Posted: 12 Sep 2012 04:32 AM PDT

Pakistani rescue workers load a dead body into an ambulance after recovering from a burnt garment factory in Karachi, Pakistan on Wednesday, Sept. 12, 2012. Pakistani officials said the death toll from devastating factory fires that broke out in two major cities has risen to 128. Hospital official Tariq Kaleem says the fire at a garment factory in the southern Pakistani city of Karachi killed 103 people. A blaze at a shoe factory in the eastern city of Lahore killed 25 people. (AP Photo/Fareed Khan)The death toll from a pair of devastating factory fires that broke out in Pakistan's two biggest cities rose on Wednesday to 271 people, many of whom perished because they were unable to escape buildings that lacked emergency exits and basic safety equipment such as alarms and sprinklers.

China VP's absence raises succession questions

Posted: 12 Sep 2012 04:30 AM PDT

In this May 4, 2012 photo, Chinese vice Premier Li Keqiang, center, stands up while Zhou Yongkang, left, and Li Changchun, right, both Communist Party Politburo Standing Committee members, clap at a conference to celebrate the 90th anniversary of the founding of Chinese Communist Youth League at the Great Hall of the People in Beijing, China. Xi Jinping, China's vice president, has not been seen in public since Sept. 1, fueling speculation that he suffered a health crisis that forced him to cancel meetings with Hillary Clinton and others. Much attention will likely turn to Executive Vice Premier Li Keqiang, who many had picked as Hu Jintao's preferred successor before Xi emerged in late 2007 as a choice more acceptable to the party's factions. (AP Photo/Alexander F. Yuan)For China's Communist Party, it should be easy to quash all that speculation — from plausible to outlandish — about the unexplained absence of the country's next leader. Just trot him out in public to show that he is hale and hearty.

Deaths in factory fires in Pakistan up to 216

Posted: 12 Sep 2012 03:07 AM PDT

Pakistani rescue workers load a dead body into an ambulance after recovering from a burnt garment factory in Karachi, Pakistan on Wednesday, Sept. 12, 2012. Pakistani officials said the death toll from devastating factory fires that broke out in two major cities has risen to 128. Hospital official Tariq Kaleem says the fire at a garment factory in the southern Pakistani city of Karachi killed 103 people. A blaze at a shoe factory in the eastern city of Lahore killed 25 people. (AP Photo/Fareed Khan)The death toll from a pair of devastating factory fires that broke out in Pakistan's two biggest cities rose to 216 people on Wednesday, many of whom perished because they were unable to escape buildings that lacked emergency exits and basic safety equipment such as alarms and sprinklers.

World stocks rise on German ruling on bailout fund

Posted: 12 Sep 2012 02:33 AM PDT

World stock markets rose Wednesday, registering approval of a German court ruling that backs the country's participation in a bailout fund created to prevent the weakest euro economies from going bust.

Deaths in factory fires in Pakistan up to 191

Posted: 12 Sep 2012 02:30 AM PDT

Pakistani rescue workers load a dead body into an ambulance after recovering from a burnt garment factory in Karachi, Pakistan on Wednesday, Sept. 12, 2012. Pakistani officials said the death toll from devastating factory fires that broke out in two major cities has risen to 128. Hospital official Tariq Kaleem says the fire at a garment factory in the southern Pakistani city of Karachi killed 103 people. A blaze at a shoe factory in the eastern city of Lahore killed 25 people. (AP Photo/Fareed Khan)The death toll from a pair of devastating factory fires that broke out in Pakistan's two biggest cities rose to 191 people on Wednesday, many of whom perished because they were unable to escape buildings that lacked emergency exits and basic safety equipment such as alarms and sprinklers.

Pakistan official: 166 bodies pulled from Karachi blaze, raising death toll in fires to 191.

Posted: 12 Sep 2012 01:56 AM PDT

Pakistani rescue workers load a dead body into an ambulance after recovering from a burnt garment factory in Karachi, Pakistan on Wednesday, Sept. 12, 2012. Pakistani officials said the death toll from devastating factory fires that broke out in two major cities has risen to 128. Hospital official Tariq Kaleem says the fire at a garment factory in the southern Pakistani city of Karachi killed 103 people. A blaze at a shoe factory in the eastern city of Lahore killed 25 people. (AP Photo/Fareed Khan)Pakistan official: 166 bodies pulled from Karachi blaze, raising death toll in fires to 191.

Deaths in factory fires in Pakistan up to 128

Posted: 12 Sep 2012 12:32 AM PDT

Pakistani rescue workers load a dead body into an ambulance after recovering from a burnt garment factory in Karachi, Pakistan on Wednesday, Sept. 12, 2012. Pakistani officials said the death toll from devastating factory fires that broke out in two major cities has risen to 128. Hospital official Tariq Kaleem says the fire at a garment factory in the southern Pakistani city of Karachi killed 103 people. A blaze at a shoe factory in the eastern city of Lahore killed 25 people. (AP Photo/Fareed Khan)The death toll from a pair of devastating factory fires that broke out in Pakistan's two biggest cities rose to 128 people on Wednesday, many of whom perished because they were unable to escape buildings that lacked emergency exits and basic safety equipment such as alarms and sprinklers.

Deaths in factory fires in Pakistan up to 97

Posted: 11 Sep 2012 10:41 PM PDT

A fireman tries to extinguish a fire which broke out in a factory on Tuesday, Sept. 11, 2012 in Karachi, Pakistan. Factory fires in two of Pakistan's major cities killed 39 people and injured dozens more on Tuesday, including some who had to break through barred windows and leap to the ground to escape the flames. (AP Photo/Shakil Adil)Pakistani officials say the death toll from devastating factory fires that broke out in two major cities has risen to 97.

Asian stocks rise ahead of German court ruling

Posted: 11 Sep 2012 10:25 PM PDT

A man checks stock prices on the electronic stock board of a securities firm as others walk by in Tokyo Tuesday, Sept. 11, 2012. Asian stock markets retreated Tuesday as investors sought safety ahead of critical events this week that will test Europe's willingness to unite in order to deal with a major debt crisis. (AP Photo/Koji Sasahara)Asian stock markets rose Wednesday on confidence a German court will back the country's participation in a bailout fund created to prevent the weakest euro economies from going bust.

Oil prices steady ahead of Federal Reserve meeting

Posted: 11 Sep 2012 10:08 PM PDT

Crude prices were steady Wednesday ahead of a key Federal Reserve meeting that analysts expect to end with the announcement of a stimulus plan for the U.S. economy.

Deadly factory fires in 2 Pakistani cities kill 85

Posted: 11 Sep 2012 09:39 PM PDT

A Pakistani fireman tries to extinguish a factory fire on Tuesday, Sept. 11, 2012 in Lahore, Pakistan. A fire that broke out in a factory in eastern Pakistan on Tuesday after sparks from a generator hit chemicals used to make shoes killed dozens of people, a Pakistani police officer said. (AP Photo/K.M. Chaudary)Factory fires that broke out in two major cities in Pakistan killed 85 people and injured dozens more, including some who had to break through barred windows and leap to the ground to escape the flames, officials and survivors said Wednesday.

Filipinos flee war in Syria with tales of horror

Posted: 11 Sep 2012 09:01 PM PDT

Overseas Filipino Workers, who fled the civil war in Syria, wave Syrian and Philippine flags upon arriving at the Ninoy Aquino International Airport via a chartered flight by the International Organization for Migration on Tuesday, Sept. 11, 2012, in Manila, Philippines. The nearly 300 workers, all of them young women who worked as babysitters and maids in Syria, said they were scared for their safety and sought shelter at the Philippine Embassy in Damascus until their repatriation Tuesday. (AP Photo/Bullit Marquez)Filipino Ruth Pana remembered the windows of her employer's house in Damascus riddled with bullets. The maid, who escaped first to the Philippine Embassy in the Syrian capital and then to Manila aboard an evacuation flight, also remembered one of the sons of her Syrian employer being killed by government forces.

Death toll in Pakistan factory blazes rises to 85

Posted: 11 Sep 2012 08:45 PM PDT

A Pakistani fireman tries to extinguish a factory fire on Tuesday, Sept. 11, 2012 in Lahore, Pakistan. A fire that broke out in a factory in eastern Pakistan on Tuesday after sparks from a generator hit chemicals used to make shoes killed dozens of people, a Pakistani police officer said. (AP Photo/K.M. Chaudary)A Pakistani hospital official says at least 60 people have been killed in a fire that raged in a garment factory in the southern city of Karachi, bringing the death toll in two deadly fires in the country to 85.

Double factory blazes in Pakistan kill 45

Posted: 11 Sep 2012 01:25 PM PDT

A Pakistani fireman tries to extinguish a factory fire on Tuesday, Sept. 11, 2012 in Lahore, Pakistan. A fire that broke out in a factory in eastern Pakistan on Tuesday after sparks from a generator hit chemicals used to make shoes killed dozens of people, a Pakistani police officer said. (AP Photo/K.M. Chaudary)Factory fires in two of Pakistan's major cities killed 45 people and injured dozens more on Tuesday, including some who had to break through barred windows and leap to the ground to escape the flames, said officials and survivors.

Pakistan Shiites face rising militant attacks

Posted: 11 Sep 2012 11:59 AM PDT

In this Friday, Sept. 7, 2012 photo, Shiite Muslims visit their graveyard in Pakistan's violent Baluchistan capital of Quetta, Pakistan, where radical Sunni Muslim rivals have terrorized and murdered minority Shiites in a wave of suicide bombings and target killings. In recent years Pakistan's sparsely populated southwestern Baluchistan province has been spiraling deeper into chaos, wracked by a secessionist insurgency that has been overtaken in the last two years by a violent sectarian campaign. (AP Photo/Arshad Butt)In the Shiite Muslim graveyard of this provincial Pakistani capital, entire sections are dedicated to the hundreds killed by Sunni militants over the past two years, their portraits line the cobblestone entrance, some garlanded with wilted flowers.
Posted by Harshad at 11:20 AM

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