Tuesday, October 2, 2012

Philippines, Muslim rebels close to peace deal

Philippines, Muslim rebels close to peace deal

Philippines, Muslim rebels close to peace deal

Posted: 02 Oct 2012 09:06 AM PDT

The Philippine government and Muslim rebels resumed talks Tuesday on resolving final differences in a preliminary peace accord they hope to conclude soon, in what is expected to be a major breakthrough toward ending a decades-long rebellion in the country's south.

Myanmar gets its first investment bank

Posted: 02 Oct 2012 08:18 AM PDT

In this Sept.15, 2012 photo, Alisher Ali, founder of Mandalay Capital, Myanmar's first-ever investment bank, talks during an interview with The Associated Press in Yangon, Myanmar. Ali knew on the morning of his second day in Myanmar that the long-closed country was a risk worth taking. Less than two months later he moved his wife and four children to crumbling tree-lined Yangon and opened Mandalay Capital with $1 million of his own money. (AP Photo/Khin Maung Win)Alisher Ali knew on the morning of his second day in Myanmar that the long-closed country was a risk worth taking. Less than two months later he moved his wife and four children to crumbling, tree-lined Yangon and opened Myanmar's first-ever investment bank with $1 million of his own money.

7 crew arrested in deadly Hong Kong boat collision

Posted: 02 Oct 2012 07:55 AM PDT

Relatives of the victims throw paper money Tuesday, Oct. 2, 2012 as they pay tribute to the ill-fated people aboard a boat that sank Monday night near Lamma Island, off the southwestern coast of Hong Kong Island. The boat packed with revelers on a long holiday weekend collided with a ferry and sank off Hong Kong, killing at least 36 people and injuring dozens, authorities said. (AP Photo/Vincent Yu)Police on Tuesday arrested seven crew members from two boats that collided in Hong Kong waters, killing 38 holiday revelers, but offered no theory about how the vessels ran into each other on a clear night in one of the safest and most regulated waterways in Asia.

US optimism buoys markets amid Spain bailout hopes

Posted: 02 Oct 2012 07:16 AM PDT

FILE- In this Sept. 20, 2012, file photo, trader Andrew Silverman, left, works on the floor of the New York Stock Exchange. European stocks edged higher on Monday, Oct. 1, 2012, as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains.(AP Photo/Richard Drew, File)Hopes that the U.S. economy is past its recent soft patch combined with optimism over a Spanish bailout request to shore up financial markets Tuesday.

6 crew arrested in deadly Hong Kong boat collision

Posted: 02 Oct 2012 05:40 AM PDT

Relatives of the victims throw paper money Tuesday, Oct. 2, 2012 as they pay tribute to the ill-fated people aboard a boat that sank Monday night near Lamma Island, off the southwestern coast of Hong Kong Island. The boat packed with revelers on a long holiday weekend collided with a ferry and sank off Hong Kong, killing at least 36 people and injuring dozens, authorities said. (AP Photo/Vincent Yu)Hong Kong police on Tuesday arrested six crew members from two boats in a collision that killed 38 holiday revelers, but offered no theory about how the vessels ran into each other on a clear night in one of the safest and most regulated waterways in Asia.

Oil supported by upbeat US manufacturing data

Posted: 02 Oct 2012 05:29 AM PDT

The price of oil remained supported Tuesday by a report showing a rebound in U.S. manufacturing for the first time in four months.

US hopes buoy markets despite Spain uncertainties

Posted: 02 Oct 2012 04:01 AM PDT

FILE- In this Sept. 20, 2012, file photo, trader Andrew Silverman, left, works on the floor of the New York Stock Exchange. European stocks edged higher on Monday, Oct. 1, 2012, as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains.(AP Photo/Richard Drew, File)Surprise good news from the U.S. continued to shore up financial markets Tuesday despite concerns about the economic outlook of both Greece and Spain.

Oil approaches $93 after US manufacturing improves

Posted: 02 Oct 2012 02:50 AM PDT

The price of oil approached $93 a barrel Tuesday in Asia after a report showed U.S. manufacturing rose in September for the first time in four months.

Stocks muted as US manufacturing, Spain weighed

Posted: 02 Oct 2012 02:33 AM PDT

FILE- In this Sept. 20, 2012, file photo, trader Andrew Silverman, left, works on the floor of the New York Stock Exchange. European stocks edged higher on Monday, Oct. 1, 2012, as investors cautiously welcomed the result of stress tests of Spain's banks. But the threat that Moody's might downgrade the country's debt rating to junk status limited gains.(AP Photo/Richard Drew, File)World stock markets lost momentum Tuesday as investors weighed an improvement in U.S. manufacturing against the possibility Spain's government debt will be downgraded to junk status.

Hong Kong boat collision kills 36 holiday revelers

Posted: 02 Oct 2012 01:22 AM PDT

Officials check on a half submerged boat after it collided Monday night near Lamma Island, off the southwestern coast of Hong Kong Island Tuesday Oct. 2, 2012. The boat packed with revelers on a long holiday weekend collided with a ferry and sank off Hong Kong, killing at least 36 people and injuring dozens, authorities said. (AP Photo/Vincent Yu)Investigators on Tuesday boarded a half-submerged boat that collided with a ferry a night earlier, killing at least 36 people who had been on their way to a holiday fireworks show. It was Hong Kong's worst accident in well over a decade.

Civilians struggle to check Pakistan army's power

Posted: 02 Oct 2012 12:27 AM PDT

FILE- In this April 26, 2010, file photo, Pakistani residents of Kanju in Pakistan's troubled Swat valley look at a dead body of an alleged militant, killed by security forces. Pakistan has spent nearly five years under civilian rule, an unusually long stretch for a 65-year-old country prone to military coups. But as the firing squad footage and several other prominent scandals suggest, the army remains largely unwilling to hold itself accountable to the public. This despite some pressure from more active media and judiciary and despite hopes that the military would rethink its ways after the humiliation it suffered following the unilateral U.S. raid that killed Osama bin Laden. (AP Photo/Sherin Zada, File)The footage was startling: A group of what appeared to be Pakistani soldiers gunning down several blindfolded men in a forested area. As the clips circulated online and the U.S. threatened to cut aid, Pakistan's army chief promised a full investigation and punishment for any wrongdoers.

Asia stocks gain on US manufacturing upswing

Posted: 01 Oct 2012 10:19 PM PDT

Spain's Economy Minister Luis De Guindos, left, and European Commissioner for Economic and Monetary Affairs Olli Rehn attend a press conference after a meeting at the Ministry in Madrid, Monday, Oct. 1, 2012. (AP Photo/Daniel Ochoa De Olza)Asian stock markets were boosted Tuesday by an upbeat report showing U.S. manufacturing grew in September for the first time in four months.

Boat sinks off Hong Kong after collision; 36 dead

Posted: 01 Oct 2012 09:02 PM PDT

Officials check on a half submerged boat after it collided Monday night near Lamma Island, off the southwestern coast of Hong Kong Island Tuesday Oct. 2, 2012. The boat packed with revelers on a long holiday weekend collided with a ferry and sank off Hong Kong, killing at least 36 people and injuring dozens, authorities said. (AP Photo/Vincent Yu)A boat packed with revelers on a long holiday weekend collided with a ferry and sank off Hong Kong, killing at least 36 people and injuring dozens in the deadliest accident to strike the Chinese territory in years.

World markets gain, but Spain downgrade looms

Posted: 01 Oct 2012 07:00 PM PDT

Spain's Economy Minister Luis De Guindos, left, and European Commissioner for Economic and Monetary Affairs Olli Rehn attend a press conference after a meeting at the Ministry in Madrid, Monday, Oct. 1, 2012. (AP Photo/Daniel Ochoa De Olza)Asian stock markets were boosted Tuesday by an upbeat report showing U.S. manufacturing grew in September month for the first time in four months.

Boat sinks off Hong Kong after collision; 25 dead

Posted: 01 Oct 2012 05:48 PM PDT

A young survivor is carried by a rescuer, and taken onto shore after a collision involving two vessels, in Hong Kong, Tuesday, Oct. 2, 2012. Authorities in Hong Kong have rescued 101 people after a ferry collided with a boat and sank. A local broadcaster says eight people died. The government said in a statement that the ferry was carrying about 120 people when the accident happened Monday night near Lamma Island, off the southwestern coast of Hong Kong Island. Few other details were given. (AP Photo/Vincent Yu)A boat packed with holiday revelers collided with a ferry and sank off Hong Kong, killing 25 people and injuring dozens more, authorities said.

Afghanistan bomber kills 14, including 3 Americans

Posted: 01 Oct 2012 11:35 AM PDT

Afghan police secure the site of a suicide bombing in Khost, south of Kabul, Afghanistan, Monday, Oct. 1, 2012. The suicide bomber was driving a motorcycle packed with explosives and rammed it into a patrol of Afghan and international forces, killing over a dozen people, including three NATO service members and their translator, official said. (AP Photo/Nashanuddin Khan)A Taliban suicide bomber rammed a motorcycle packed with explosives into a joint U.S.-Afghan patrol on Monday, killing 14 people including three Americans in the latest attack on an increasingly fraught program to help Afghan forces take over security so foreign troops can withdraw from the country over the next two years.
Posted by Harshad at 11:03 AM

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