Monday, September 10, 2012

Oil prices fall on sour economic news from China

Oil prices fall on sour economic news from China

Oil prices fall on sour economic news from China

Posted: 10 Sep 2012 10:51 AM PDT

The price of oil fell slightly Monday after an unexpectedly weak economic report from China and warnings of a further slowdown.

China's imports shrink in sign downturn worsening

Posted: 10 Sep 2012 10:43 AM PDT

Workers load goods on a truck near a wholesale market for fashion clothing in Beijing Monday, Sept. 10, 2012. China's imports shrank unexpectedly in August in a sign its economic slump is worsening and the Chinese president warned growth could slow further, prompting expectations of possible new stimulus spending. (AP Photo/Andy Wong)China's imports shrank unexpectedly in August in a sign its economic slump is worsening, bad news for exporters elsewhere that count on the appetite of the world's second-largest economy for natural resources and industrial components to offset anemic Western markets.

US, Afghans locked in dispute over detainees

Posted: 10 Sep 2012 10:15 AM PDT

An Afghan soldier, right, escorts a released prisoner, Mohammad Karim, following a hand over ceremony of U.S.- run prison to Afghan government in Bagram north of Kabul, Afghanistan, Monday, Sept. 10, 2012. U.S. officials handed over formal control of Afghanistan's only large-scale U.S.-run prison to Kabul on Monday, even as disagreements between the two countries over the thousands of Taliban and terror suspects held there marred the transfer. (AP Photo/Musadeq Sadeq)President Hamid Karzai welcomed Monday's handover of the main American-run prison to Afghan forces as a victory for Afghan sovereignty, though he and U.S. officials remain locked in a dispute over the fate of hundreds of Taliban and terror suspects behind bars.

Markets steady as traders await key euro events

Posted: 10 Sep 2012 09:43 AM PDT

In a photo made Thursday, Sept. 6, 2012, traders work the floor of the New York Stock Exchange. This week Federal Reserve officials will meet and are expected to announce steps to prop up the ailing U.S. economy. (AP Photo/David Karp)Financial markets have started the week on a flat note as traders wait for further developments in Europe's debt crisis and the U.S. Federal Reserve's latest policy meeting.

Japan to buy disputed islands, angering China

Posted: 10 Sep 2012 09:18 AM PDT

FILE - In this Sept. 2, 2012 file photo, the survey ship Koyo Maru, left, chartered by Tokyo city officials, sails around Minamikojima, foreground, Kitakojima, middle right, and Uotsuri, background, the tiny islands in the East China Sea, called Senkaku in Japanese and Diaoyu in Chinese. Japan's government says it has decided to purchase several disputed islands from their private owners in a step that is likely to anger China. Chief Cabinet Secretary Osamu Fujimura said Monday, Sept. 10 that Japan plans to buy the three uninhabited islands from a Japanese family it recognizes as the owner. (AP Photo/Kyodo News, File) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, HONG KONG, JAPAN, SOUTH KOREA AND FRANCEJapan's government said Monday it has decided to purchase several disputed islands, prompting China to angrily warn of "serious consequences" if it proceeds with the plan.

HK pro-democracy parties disappointed in key vote

Posted: 10 Sep 2012 07:55 AM PDT

Hong Kong Chief Executive Leung Chun-ying, second right, accompanies with electoral officials, empties a ballot box at the central ballot counting station after Legislative Council elections in Hong Kong, Monday, Sept. 10, 2012. Hong Kong voters cast ballots in legislative elections Sunday that will help determine the eventual shape of full democracy that Beijing has promised the former British colony. (AP Photo/Hong Kong Government Information Services, Handout)Election results released Monday gave an edge to the pro-China faction in Hong Kong's legislature, where power is split between those aligned with Beijing and those who favor further democratic reforms. The pro-democratic parties, however, retained enough of a majority to veto any proposed changes to the former British colony's constitution.

Mystery absence of China leader fuels rumor frenzy

Posted: 10 Sep 2012 07:33 AM PDT

In this photo taken Sept. 1, 2012 and released by China's Xinhua News Agency, Chinese Vice President Xi Jinping addresses the opening ceremony of the autumn semester of the Party School of the Communist Party of China in Beijing. Chinese micro-bloggers and overseas websites have come up with all kinds of creative speculation as to why President-in-waiting Xi has gone unseen for more than a week. (AP Photo/Xinhua, Li Tao) NO SALESWhere is president-in-waiting Xi Jinping?

Car bomb kills 12 Shiites in northwest Pakistan

Posted: 10 Sep 2012 11:35 AM PDT

A car bomb ripped through a crowded market in a Pakistani tribal region bordering Afghanistan on Monday, killing 12 Shiite Muslims in the latest instance of sectarian violence to rock this country, officials said.

US hands over Bagram prison to Afghans

Posted: 10 Sep 2012 06:53 AM PDT

U.S. officials handed over formal control of Afghanistan's only large-scale U.S.-run prison to Kabul on Monday, even as disagreements between the two countries over the thousands of Taliban and terror suspects held there marred the transfer.

Political cartoonist jailed in India sedition case

Posted: 10 Sep 2012 06:36 AM PDT

Indian policemen escort political cartoonist Aseem Trivedi to a court in Mumbai, India, Monday, Sept. 10, 2012. Trivedi whose drawings mock Indian government corruption has been jailed on a sedition charge in an arrest that was widely condemned Monday as evidence of political leaders' increasing intolerance of criticism. (AP Photo/Rafiq Maqbool)A political cartoonist whose drawings mock Indian government corruption has been jailed in a sedition investigation that was widely condemned Monday as evidence of political leaders' growing intolerance of criticism.

China quake survivors await shelter, expect rain

Posted: 10 Sep 2012 06:22 AM PDT

Zhu Yinquan, a teacher, left, tries to comfort a woman who lost her seven-year-old daughter at a school in Friday's earthquake in Yiliang county in southwest China's Yunnan province, Sunday, Sept. 9, 2012. Survivors of two earthquakes that killed 80 people in a mountainous area of southwest China are desperately waiting for more aid to arrive as jolting aftershocks keep fears high and hinder rescue efforts. (AP Photo) CHINA OUTSurvivors of multiple earthquakes in southwestern China waited for shelter and other supplies on Monday amid forecasts of heavy rains that are likely to hinder ongoing search efforts.

Suicide bomber kills at least 15 in Afghanistan

Posted: 10 Sep 2012 05:23 AM PDT

An Afghan official says a suicide bomber has blown himself up in a crowded main square in the northern city of Kunduz, killing at least 15 people.

Oil prices above $96 as market awaits Fed meeting

Posted: 10 Sep 2012 05:03 AM PDT

The price of oil slipped to near $96 a barrel Monday after some soft Chinese economic figures and ahead of a U.S. central bank meeting later this week that may see more money injected into the U.S. economy.

Car bomb kills 8 Shiites in northwest Pakistan

Posted: 10 Sep 2012 04:17 AM PDT

Pakistani government officials say a car bomb has ripped through a crowded market in a tribal region in the country's northwest, killing eight people.

Slim Hong Kong legislative win for Beijing backers

Posted: 10 Sep 2012 02:47 AM PDT

Leung Kwok-hung, also known as "Long Hair," of the pro-democracy League of Social Democrats leaves after winning a seat on the Legislative Council in Hong Kong, Monday, Sept. 10, 2012. Hong Kong voters cast ballots in legislative elections Sunday that will help determine the eventual shape of full democracy that Beijing has promised the former British colony. (AP Photo/Kin Cheung)Election results released Monday gave an edge to the pro-China faction in Hong Kong's government, where power is split between those aligned with Beijing and those who favor further democratic reforms. The pro-democratic parties, however, will retain enough of a majority to veto any proposed changes to the former British colony's constitution.

Oil prices fall on disappointing US jobs data

Posted: 10 Sep 2012 02:22 AM PDT

Oil prices rose in Asia head of a U.S. central bank meeting later this week that is expected to end with an announcement of stimulus for the drab U.S. economy.

World stocks sag before Federal Reserve meeting

Posted: 10 Sep 2012 02:18 AM PDT

World stock markets sagged Monday, ahead of a meeting by Federal Reserve policy makers who are expected to announce new plans to stimulate a sluggish U.S. economy in response to a disappointing jobs report.

Asia stocks nearly flat ahead of Fed meeting

Posted: 09 Sep 2012 10:13 PM PDT

Asian stock markets ran into resistance Monday, ahead of a meeting by Federal Reserve policy makers who are expected to announce new plans to stimulate a sluggish U.S. economy in response to a disappointing jobs report.

Asia stocks tick upward ahead of Fed meeting

Posted: 09 Sep 2012 07:31 PM PDT

Asian stock markets were mostly higher in early trading Monday, with investors betting that the Federal Reserve will likely announce new plans to stimulate the U.S. economy in response to a disappointing jobs report.
Posted by Harshad at 11:42 AM

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