Thursday, October 4, 2012

Markets subdued as US payrolls loom

Markets subdued as US payrolls loom

Markets subdued as US payrolls loom

Posted: 04 Oct 2012 09:34 AM PDT

FILE-In a Friday, Aug. 31, 2012, file photo, a trader works on the floor of the New York Stock Exchange, in New York. Markets were subdued Wednesday Oct. 3, 2012 as investors awaited a run of U.S. economic figures. (AP Photo/Jason DeCrow, File)Financial markets remained subdued Thursday as investors were reluctant to stake out positions ahead of key U.S. jobs data.

Oil gains as Syria-Turkey tensions rise

Posted: 04 Oct 2012 08:14 AM PDT

The price of oil rose Thursday after tensions rose between Syria and Turkey.

Indian Cabinet approves new economic reforms

Posted: 04 Oct 2012 07:57 AM PDT

India's Cabinet pushed ahead with a second wave of economic reform proposals Thursday, endorsing higher levels of foreign investment in insurance and pension funds and amendments to laws governing competition, Finance Minister Palaniappan Chidambaram said.

Hong Kong mourns 38 dead in maritime tragedy

Posted: 04 Oct 2012 12:10 AM PDT

Staff members of Hong Kong Electric Co. pay tribute to victims who were killed in a ferry collision in Hong Kong Thursday, Oct. 4, 2012, as three days of mourning begin across the territory. All 38 people killed had been on the Lamma IV, owned by utility company Hong Kong Electric, which was taking about 120 of its workers and their families to watch fireworks in celebration of China's National Day and mid-autumn festival. (AP Photo/Vincent Yu)Hong Kong residents are mourning the deaths of 38 people earlier this week in the city's biggest maritime tragedy in decades.

Ex-Philippine president arrested in plunder case

Posted: 04 Oct 2012 06:27 AM PDT

FILE - In this Feb. 23, 2012 file photo, former Philippine President and now Congresswoman Gloria Macapagal Arroyo arrives at a Pasay City Court for her arraignment on electoral fraud charges in Manila. The Philippine anti-graft court on Thursday, Oct. 4, 2012, ordered the arrest of Arroyo in the third corruption investigation against her, this one accused her of misusing $8.8 million in state lottery funds during her last years in office. (AP Photo/Bullit Marquez, Pool, File)Police arrested former Philippine President Gloria Macapagal Arroyo on Thursday and temporarily detained her in a hospital on corruption charges, in her third indictment and second detention since stepping down two years ago.

Beijing rep at HK tragedy raises unease over China

Posted: 04 Oct 2012 05:51 AM PDT

Staff members of utility company Hong Kong Electric pay tribute to victims who were killed in a ferry collision in Hong Kong Thursday Oct. 4, 2012. All 38 people killed had been on the Lamma IV, owned by the company, which was taking about 120 of its workers and their families to watch fireworks in celebration of China's National Day and mid-autumn festival. (AP Photo/Vincent Yu)A show of concern by Beijing over a boat collision that killed dozens of people in Hong Kong this week has backfired, further damaging the Communist government's image in the former British colony.

Oil up slightly after positive US economic reports

Posted: 04 Oct 2012 05:29 AM PDT

The price of oil rebounded from a steep decline to trade near $89 a barrel on Thursday after positive U.S. economic reports offset some of the pessimism about global growth prospects.

Karzai says 2014 Afghan elections will be on time

Posted: 04 Oct 2012 03:39 AM PDT

Afghan President Hamid Karzai says his country's 2014 presidential election will be held on time even though the voting will coincide with the final withdrawal of U.S. and NATO combat troops from Afghanistan.

Russia, Pakistan stress ties despite scrapped trip

Posted: 04 Oct 2012 02:37 AM PDT

The foreign ministers of Russia and Pakistan insisted on Thursday that the ties between their countries are strengthening, despite grousing in the Pakistani media about Russian President Vladimir Putin's decision to cancel a visit to Islamabad.

Asia stocks up on mildly positive US data

Posted: 04 Oct 2012 02:25 AM PDT

A pair of positive U.S. economic reports helped prod Asian stock markets higher Thursday, but enthusiasm wilted in Europe ahead of a bond auction in Spain that will test investor appetite.

Beijing official at HK tragedy raises China unease

Posted: 04 Oct 2012 01:52 AM PDT

Staff members of Hong Kong Electric Co. pay tribute to victims who were killed in a ferry collision in Hong Kong Thursday, Oct. 4, 2012, as three days of mourning begin across the territory. All 38 people killed had been on the Lamma IV, owned by utility company Hong Kong Electric, which was taking about 120 of its workers and their families to watch fireworks in celebration of China's National Day and mid-autumn festival. (AP Photo/Vincent Yu)A show of concern by Beijing over a boat collision that killed dozens of people in Hong Kong this week has backfired, further damaging the communist government's image in the former British colony.

Court orders 3rd arrest of ex-Philippine president

Posted: 04 Oct 2012 01:05 AM PDT

FILE - In this Feb. 23, 2012 file photo, former Philippine President and now Congresswoman Gloria Macapagal Arroyo arrives at a Pasay City Court for her arraignment on electoral fraud charges in Manila. The Philippine anti-graft court on Thursday, Oct. 4, 2012, ordered the arrest of Arroyo in the third corruption investigation against her, this one accused her of misusing $8.8 million in state lottery funds during her last years in office. (AP Photo/Bullit Marquez, Pool, File)The Philippine anti-graft court on Thursday ordered the arrest of former President Gloria Macapagal Arroyo in the third corruption investigation against her, this one accusing her of misusing $8.8 million in state lottery funds during her last years in office.

Pakistan struggles with smuggled Buddhist relics

Posted: 04 Oct 2012 12:01 AM PDT

In this photo taken on July 6, 2012, A Pakistani official looks at Buddha statues confiscated by custom authorities in Karachi, Pakistan. Lacking the necessary cash and manpower, Pakistan is struggling to stem the flow of millions of dollars in ancient Buddhist artifacts that shadowy criminal gangs dig up from the country's northwest and smuggle to collectors around the world. (AP Photo/B.K. Shakil Adil)Lacking the necessary cash and manpower, Pakistan is struggling to stem the flow of millions of dollars in ancient Buddhist artifacts that looters dig up in the country's northwest and smuggle to collectors around the world.

Low-cost flying arrives in luxury-loving Japan

Posted: 03 Oct 2012 05:47 PM PDT

In this March 1, 2012 photo, a passenger buys a meal during the first flight by Peach Aviaction from Osaka, western Japan, bound for Sapporo, northern Japan. Japan has a reputation for loving expensive things like overpriced real estate, gourmet melons and luxury brands. But the nation is finally discovering the joy of flying cheap, with the arrival this year of three low-cost carriers. The takeoff of AirAsia Japan, Peach Aviation and Jetstar Japan could change lifestyles. (AP Photo/Kyodo News) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, FRANCE, HONG KONG, JAPAN AND SOUTH KOREAJapan has a reputation for loving expensive things like overpriced real estate, gourmet melons and luxury brands. But the nation is finally discovering the joy of flying cheap, with the arrival this year of three low-cost carriers.
Posted by Harshad at 11:07 AM

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