Archive by category World

China rate swaps rise as new repo rules spark bond sell-off

China’s interest-rate swaps climbed to a three-month high, bonds dropped and stocks retreated after policy makers narrowed the pool of corporate debt that …

Inequality worst in decades: OECD

PARIS (AFP) ― The gap between the rich and poor in a range of countries has reached its widest in 30 years and the trend has harmed growth, the OECD said …

Obama’s ‘rebalance to Asia’ policy failing due to defense

U.S. President Barack Obama’s “rebalance” to Asia has done a modest job diplomatically, but is ultimately failing due to deep defense budget …

U.S. hands over senior militant to Pakistan
U.S. hands over senior militant to Pakistan

Latif Mehsud (AP-Yonhap) ISLAMABAD (AFP) ― U.S. troops in Afghanistan said Sunday they had handed over three Pakistani detainees to Islamabad, while a …

Major storm moves toward Manila
Major storm moves toward Manila

MANILA (AFP) ― Millions of people in the Philippine capital hunkered down Monday as a major storm churned toward the megacity, after killing at least 21 …

26 foreigners among 135 held for ‘terrorism’ in Saudi Arabia

RIYADH (AFP) ― Saudi Arabia said Sunday it has arrested 135 suspects for “terrorism” offenses, after the kingdom’s participation in air strikes against …

Kerry cites progress, urges patience in Iran nuke talks

WASHINGTON (AP) ― Israeli Prime Minister Benjamin Netanyahu said Sunday an extension of nuclear talks with Iran should be used to further increase pressure …

Moscow metro’s Wi-Fi revolution as city gets wired
Moscow metro’s Wi-Fi revolution as city gets wired

MOSCOW (AFP) ― Soviet dictator Joseph Stalin built Moscow’s spectacularly beautiful metro as an example to the world, a symbol of “radiant Communist …

Japan’s recession worse than thought: data
Japan’s recession worse than thought: data

TOKYO (AFP) ― Japan’s economy contracted more than initially thought in the July-September quarter, revised official data revealed Monday, showing the …

Calls for rate cut grow as Australian economy falters

SYDNEY (AFP) ― Pressure is building on Australia’s central bank to cut interest rates from their record lows as growth in the resources-driven economy, …

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