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Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
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Thursday, August 6, 2009

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Thursday, September 3, 2009

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Wednesday, March 18, 2009

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Asian stocks track Wall Street higher AFP - 2 hours 57 minutes ago TOKYO (AFP) - - Asian stock markets were mostly higher in early deals Tuesday after strong gains overnight on Wall Street where hopes mounted that economic stimulus measures will ease the US recession. Global shares surged on Monday after US president-elect Barack Obama vowed to make the largest investment in infrastructure since the 1950s to revitalise the slumping economy. "Gains reflected optimism that massive infrastructure spending planned by the Obama administration will end recession in the world's biggest economy," said Dariusz Kowalczyk, chief strategist at CFC Seymour in Hong Kong. Japan's Nikkei-225 stock index was up 0.48 percent by lunch while Singapore shares jumped 4.9 percent and Hong Kong firmed 0.58 percent. Taipei, Jakarta, Kuala Lumpur and Manila also posted gains. But Sydney shed 1.1 percent while Seoul and Shanghai were almost flat. Optimism was tempered by news that Japan slipped even deeper into recession in the third quarter than previously thought, underscoring the challenging outlook for the global economy. Japan's economy shrank 0.5 percent in the three months to September -- 1.8 percent on an annualised basis -- entering its first recession in seven years with a second straight quarter of negative growth, the government said. An initial estimate last month had shown the Japanese economy shrank 0.1 percent in the third quarter, and 0.4 percent year on year. "The data highlights the tough spot in which the Japanese economy is finding itself," said Kowalczyk. In the United States on Monday, the Dow Jones Industrial Average leapt 3.46 percent to finish at 8,934.18, close to the key 9,000 level. In London, the FTSE 100 index jumped 6.19 percent on Monday while the CAC 40 in Paris added 8.68 percent and the Frankfurt Dax soared 7.63 percent. There were similar or larger advances elsewhere. Brazil's main share index rose 8.31 percent and the S&P/TSX in Toronto added 5.55 percent. The big advances in Europe erased sharp falls suffered on Friday when investors headed for the exits on news that the US economy had shed more than half a million jobs in November, heralding a long and painful recession. More US job cuts and a bankruptcy filing by one of America's biggest newspaper publishers also injected a dose of caution into the markets. Dow Chemical announced it would cut about 5,000 full-time jobs, while industrial conglomerate 3M announced nearly 1,800 layoffs. US media conglomerate Tribune Co ., the owner of The Los Angeles Times and The Chicago Tribune, said it filed for bankruptcy protection in the face of a sharp drop in revenue and a heavy debt load. At the same time, expectations mounted that lawmakers may throw crisis-hit American automakers a financial lifeline to avert an industry collapse. After US stock markets closed, Democrats in Congress announced Monday that they will introduce a bill making available as much as 15 billion dollars in immediate aid for the troubled US automobile industry . -- Dow Jones Newswires contributed to this story -- Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Japan deeper in recession, third-quarter GDP showsReuters - 27 minutes ago Russia daily c.bank swap limit at 5 bln roublesReuters - 28 minutes ago Gazprom Neft may let foreigners in Arctic oil fieldReuters - 28 minutes ago DRDGOLD buys remaining 35 pct stake in ElsburgReuters - 32 minutes ago S.Korea c.bank board united on Oct 27 rate cutReuters - 33 minutes ago Enlarge Photo Asian stocks track Wall Street higher Most Popular – Business Viewed Financial crisis tipped to cut cost of air travel Stocks take flight on prospects for anti-recession moves Oil price falls below $40 Muslim pilgrims stone Satan at the hajj Climate change: Sci-fi solutions no longer in the margins View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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